Exchanging money

Asked by Jul 15, 2017 at 08:10 PM about the 2005 Honda Accord

Question type: Car Selling & Trading In

Hi, once we have an interested buyer, how do we
securely exchange the car for money to make sure
there is no bounced check, etc?

4 Answers

171,565

I would clear the funds at your bank. Talk to the bank about what they will accept without a waiting period. Usually this can only be a cashiers check drawn on your bank.

4,800

suggest they bring cash

171,565

Cash can be a set up for a robbery. Do the cash transaction at your bank and have them inspect the bills for counterfeit.

94,275

Draw up a contract and make 2 copies. One for you and one for your buyer. Among other things, clearly state that the vehicle and title will not be released until the funds clear your bank! You should both sign both copies of the contract. You keep one copy and the buyer keeps the other copy. You can write the contract yourself and it's perfectly legal and binding as long as all parties (sellers and buyers) sign it. HTH. -Jim

1 people found this helpful.

Your Answer:

Accord

Looking for a Used Accord in your area?

CarGurus has 79,903 nationwide Accord listings starting at $1,400.

ZIP:
Get More Money for Your Car
Be seen by 30 million shoppers. Create Your Free Listing

Honda Accord Experts

  • #1
    JP1956
    Reputation
    2,970
  • #2
    Jonathan Ford
    Reputation
    2,030
  • #3
    dandyoun
    Reputation
    1,980
View All

Related Models For Sale

Used Toyota Camry
1,402 Great Deals out of 78,135 listings starting at $1,100
Used Honda Civic
904 Great Deals out of 68,180 listings starting at $1,500
Used Nissan Altima
1,417 Great Deals out of 79,649 listings starting at $1,000
Used Honda Accord Coupe
137 Great Deals out of 3,569 listings starting at $2,000
Used Nissan Maxima
542 Great Deals out of 20,482 listings starting at $2,442
Used Honda CR-V
1,178 Great Deals out of 76,632 listings starting at $1,200
Used Toyota Corolla
1,124 Great Deals out of 56,626 listings starting at $1,000
Used Acura TL
108 Great Deals out of 3,311 listings starting at $1,490
Used Hyundai Sonata
773 Great Deals out of 47,373 listings starting at $1,495
Used Dodge Charger
545 Great Deals out of 29,972 listings starting at $1,550
Used Toyota Avalon
197 Great Deals out of 9,939 listings starting at $1,295
Used Kia Optima
557 Great Deals out of 32,271 listings starting at $1,988
Used Chevrolet Malibu
990 Great Deals out of 51,400 listings starting at $977
Used BMW 3 Series
1,052 Great Deals out of 26,052 listings starting at $1,750

Used Cars for Sale

2019 Honda Accord For Sale
36,998 listings starting at $20,985
2018 Honda Accord For Sale
96 Great Deals out of 15,642 listings starting at $16,680
2017 Honda Accord For Sale
235 Great Deals out of 4,390 listings starting at $12,700
2016 Honda Accord For Sale
300 Great Deals out of 7,046 listings starting at $9,999
2015 Honda Accord For Sale
202 Great Deals out of 2,829 listings starting at $8,977

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.