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Thread: Selling a car

  1. #21
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    Quote Originally Posted by WhiteHawk View Post
    Meet him at his credit union. I have done that a couple times. If he gives you excuses, then you know he is lying.

    -Geoff
    That's what I did - met the buyer at his bank and was there while they drafted the check.

  2. #22
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    Quote Originally Posted by Atrus View Post
    That's what I did - met the buyer at his bank and was there while they drafted the check.
    And then he places a stop payment on it before it clears your bank (just because the funds are available doesn't mean it's cleared either since that's part of the funds availability laws) and drives off in the sunset with your vehicle :-).

  3. #23
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    Quote Originally Posted by CMYZ28 View Post
    And then he places a stop payment on it before it clears your bank (just because the funds are available doesn't mean it's cleared either since that's part of the funds availability laws) and drives off in the sunset with your vehicle :-).
    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
    2016 Camaro Convertible 2SS

  4. #24
    Forum Member wickettoby1's Avatar
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    As someone mentioned before I’m not sure I’d accept 30k in cash unless i was handed it by the bank teller. I’m not in the know enough to know what to look for when it comes to fake currency.

  5. #25
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    Quote Originally Posted by wickettoby1 View Post
    As someone mentioned before Im not sure Id accept 30k in cash unless i was handed it by the bank teller. Im not in the know enough to know what to look for when it comes to fake currency.
    Of all the scams and people getting ripped off on car deals,
    when was the last time you heard it happening from fake currency?

  6. #26
    Club Member WhiteHawk's Avatar
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    Those fancy pens that detect fake money aren't that hard to find either.

    -Geoff
    2016 Camaro Convertible 2SS

  7. #27
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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?
    news article yesterday
    ASE Master Certified Technician

  8. #28
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    Quote Originally Posted by dave89iroc View Post
    news article yesterday
    Correct lol.

    Maybe I should "sell" my cash validity knowledge skills as a part time job haha
    https://www.wxyz.com/news/spot-the-s...-metro-detroit

  9. #29
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    Quote Originally Posted by CMYZ28 View Post
    And then he places a stop payment on it before it clears your bank (just because the funds are available doesn't mean it's cleared either since that's part of the funds availability laws) and drives off in the sunset with your vehicle :-).
    Totally understand there's still risk, just felt there was less risk being at the bank when they certified the funds were available and drafted the check.

  10. #30
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    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."

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