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Accepting payment when selling a vehicle?

1967 Views 48 Replies 16 Participants Last post by  sunnymw
I have not sold (nor bought) a vehicle or other high value item via private sale in over 20 years. My newest vehicle is 13 years old. Except for a very low value used car a bought a couple of years ago, my last several ones had been purchased new and kept many years.

I have a travel trailer that I'm considering putting up for sale and have been wondering the best way to accept payment. I don't know exactly how much yet, but it will likely be in the $11K-12K range. I'm not comfortable taking a personal check, but really don't know if I would trust someone to bring a "Certified" check or bank check, not knowing if it would be a counterfeit or not. I expect most people would not bring that much cash to purchase, and not sure if I'd want that either. I know several of you have bought/ sold vehicles privately, how have you handled this? I have thought about letting a potential buyer look at it, then meet them or follow them to their bank to transfer funds directly to me at that point and then sign the title over. Any suggestions or other ways to safely handle the transaction?
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Pro tip. Actually look at the cash you get.

A Loganville man sold his Volkswagen for $1,300 but did not realize he was given 13 fake $100 bills until after the buyer left, police said.

A few hours later, another victim in Lawrenceville finalized his sale of a Volvo for $2,000 but was given 20 counterfeit $100 bills, police said. After the buyer left, the victim’s girlfriend noticed the cash was fraudulent.

This wasn't facsimile counterfeit. It was money made for movie props. It's almost as if movie prop money didn't say right across it "FOR MOTION PICTURE USE ONLY", almost.

Maybe they could find a local filming of The Walking Dead and trade it there.
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