What is the safest way for obtaining funds on your car sale?

Asked by Apr 07, 2017 at 10:27 PM about the 2009 Porsche 911 Carrera S

Question type: Car Selling & Trading In

Safest way for receiving funds when selling your car?

5 Answers

85,675

A cashiers check drawn on the same bank as you bank at. Do the transaction at your bank and have them verify funds.

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21,075

In person, no shipping.

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28,785

CASH. BTW even cashier's checks can be faked. Scammers have gone so far as to establish an 800 number and "verify" their own fake cashier's checks. Do as FoR suggets and only accept it if it's from your own bank and after they verify it in person.

55,135

C A S H ! ! !

2,005

I do the transaction at my bank and get them to verify the funds before I hand over the vehicle. I prefer to go with the buyer to their bank, watch them withdraw the funds or obtain the cashiers check, then they come with me to my bank. I pay it in, then I give them the car and title. It's a little more complex when there are bank loans involved, but for me that is only when I am buying a car that has a loan - I pay off the loan directly and give any balance to the seller.

Your Answer

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