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Im selling my car. The buyer is coming from out of state with a cashiers check but ive heard horror stories of this. Ive heard of personal checks but they can write fake checks as well. What is another way they can pay that i know isnt a scam? Ive heard cash but, how does someone else access to 10,000 in CASH?! Any help would be great!
The only safe way is cash or have him do a wire transfer to your bank. DO NOT accept a personal New Britain a cashiers check. A bank will cash a cashiers check for you but if it comes back a counterfeit they will want their money back and you'll be out of luck.
Talk to your bank about it. A cashiers check for $10,000 could be a scam. Some cashiers check are limited to amounts smaller than that. Definitely present the cashier check to your bank for cashing before the person leaves with your car. It takes 15 minutes, and they should understand. Good luck.
You could meet at a bank you'll deposit the check. tell the buyer to meet you there and walk in together to make sure it isn't counterfeit before you give him the keys and title to the car if you have it still. take his contact information. there maybe a law for writing fake checks, and if it turns out to be, call your local police, and the buyer's local police. if you have family available on that day, bring someone with you just for confidence and security if you feel you need it. or a close friend. you could consider donating your car as well if you with to a donation company like cars for kids. or look at dealers if you haven't yet, if the buyer doesn't pan out. they might purchase used cars, and if you're buying a newer car from them, whether that's new or used, you can get a trade in bonus possibly. also look at carmax too. good luck.
Go with what Kyle said. As far as getting $10,000 cash, you walk into your bank and ask for a $10,000 cash withdrawal. They report it to the IRS and check your ID, and you walk out with cash (assuming you have an account with $10k to withdrawal). Unless you're hiding something from the IRS it's not too big of a deal.
Smells like a scam to me. would YOU commit to buying car without even inspecting the title? without checking the car personally to verify the VIN?
A cashiers chk is as good as cash.YOU PURCHASE THE CHK FROM THE BANK. YOU HAVE TO PAY CASH TO GET IT.
Go to your bank and set up an account and do a bank to bank transfer. His bank will wire the money to your bank account. Then go transfer the money and close the account.
I would just take cash.