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Thread: Selling a car

  1. #31
    Club Member Sledder's Avatar
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    Quote Originally Posted by 4Gas$ View Post
    I guess I stand corrected. One always needs to be vigilant.

    Seems there is a risk in any form of payment, but cash is
    still the best in my opinion.

    From that news story:

    "They paid $12,000 in counterfeit $100 bills. The seller only noticed
    when he examined
    the fake money, and all the serial numbers were the same."
    Gotta admit I usually don't check the serial numbers.

    I Drag Race Because It's Fun, Not Because I'm Good At It.

  2. #32
    Forum Member Detroit Gearbox's Avatar
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    Thickness gauge pens for checking currency are really cheap.
    More importantly is knowing WHO you sold the vehicle to.
    I won't sell a vehicle without filling in the title and a valid Drivers License.
    I take pictures of the filled in title, their drivers license and the person. I even snap a pic of the license plate of the car they arrive in.
    If the seller is not good with that I will insist making the transfer at a sos branch.
    I print those photos and keep that data in a file.
    I do that for liability purposes.

  3. #33
    Club Member 4Gas$'s Avatar
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    Quote Originally Posted by Detroit Gearbox View Post
    Thickness gauge pens for checking currency are really cheap.
    More importantly is knowing WHO you sold the vehicle to.
    I won't sell a vehicle without filling in the title and a valid Drivers License.
    I take pictures of the filled in title, their drivers license and the person. I even snap a pic of the license plate of the car they arrive in.
    If the seller is not good with that I will insist making the transfer at a sos branch.
    I print those photos and keep that data in a file.
    I do that for liability purposes.


  4. #34
    Elected Club Official jsxtreme's Avatar
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    Quote Originally Posted by 4Gas$ View Post
    Of all the scams and people getting ripped off on car deals,
    when was the last time you heard it happening from fake currency?
    All the time. Saw one recently.

    https://www.fox2detroit.com/news/roc...nterfeit-bills
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  5. #35
    Club Member 1fstfox's Avatar
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    Quote Originally Posted by WhiteHawk View Post
    I should include that when I do it, I walk out with cash. If you give them a couple days notice, they will get $30k for you. I bank with PNC, and half their branches don't even carry cash anymore (I guess it is Detroit branches but still). It is getting ridiculous. I went into the branch last Friday and asked for $2500 to pay a contractor and she said they had a $1500 cash limit plus whatever I could get out of the ATM. I ended up getting the $2500 after some sweet talking but I shouldn't have to!

    -Geoff
    I had this happen before. Tried to pull $4,500 from my account for a vehicle, happened to be a holiday weekend so the one branch that was still open couldn't do that much. Fast forward to last year when I bought the Harley, pulled $8k out of my account without calling ahead. They simply asked a few "screening questions" to make sure everything was "OK".


    Usually my transactions are of a smaller amount, so I'm not as vigilant as I probably should be. But I tend to dig up any information on the person I'm doing a transaction with ahead of time. Facebook and other social media makes this a cakewalk in most cases. Aside from that I tend to meet at either parties bank, or the BMV. Depending on if I'm buying or selling. Makes things FAR easier to know the transaction is completed when the new title is printed. My Z1000 I had paid for, collected the bike, and when I went to transfer the title, both the seller and myself missed need the title notarized (when I was fairly new to Ohio and didn't know this was a necessary step in title transfers) I'd say Nick has ya on the right path with the amount of money involved and the potential buyer being from out of town. Should make for a pain free transaction.
    Last edited by 1fstfox; 09-27-2022 at 12:18 AM.
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  6. #36
    Forum Member ultradriver10000's Avatar
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    Quote Originally Posted by WhiteHawk View Post
    Those fancy pens that detect fake money aren't that hard to find either.

    -Geoff
    Those pens donít do anything if they wash a bunch of ones and print 100s on them. The paper is correct and thatís what the pens test for. You have to check the water marks and strips on them, even then itís sometimes hard.

  7. #37
    Club Member 1fstfox's Avatar
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    Quote Originally Posted by ultradriver10000 View Post
    Those pens don’t do anything if they wash a bunch of ones and print 100s on them. The paper is correct and that’s what the pens test for. You have to check the water marks and strips on them, even then it’s sometimes hard.
    Every pen I've ever ran across a newspaper turned gold as if it was a real bill. So I'd agree that they're not really worth using.
    -Ryan-
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  8. #38
    Club Member Wizeguy's Avatar
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    Well, got the deal done... Buyer got a certified check through his PNC bank.
    He didn't the car or the title till the check cleared.
    SAL

  9. #39
    Forum Member Detroit Gearbox's Avatar
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    Quote Originally Posted by ultradriver10000 View Post
    Those pens don’t do anything if they wash a bunch of ones and print 100s on them. The paper is correct and that’s what the pens test for. You have to check the water marks and strips on them, even then it’s sometimes hard.
    Correct. The pens only detect the thickness of the paper.

  10. #40
    Club Member 1fstfox's Avatar
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    Quote Originally Posted by Detroit Gearbox View Post
    Correct. The pens only detect the thickness of the paper.
    https://www.banknoteworld.com/blog/h...en-tests-work/

    It's an Iodine that reacts to the starch.
    -Ryan-
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    91 Slow'noma - 14 Cruze Diesel - 16 Ram 1500 Limited
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