Coooleeey Posted March 31, 2008 Share Posted March 31, 2008 Hey peeps! There are always a good amount of people on here who can help. I am selling my truck on Craigslist. I am aware of the scams on Craigslist because I have sold vehicles before. Usually I just said no and insisted on cash. But in this case I am going to be selling for thousands of dollars so I need to know how to protect myself. What would be the best form of payment besides cash? Cashiers check? Money Order? I was thinking of asking for the buyers drivers license, taking down that info, and also have the persons name and address on a bill of sale I create. One copy for the buyer, one copy for me. I would like to stay away from paypal if possible due to the fees they charge. Can anyone help me out Link to comment Share on other sites More sharing options...
skinfan2k Posted March 31, 2008 Share Posted March 31, 2008 Ask for a Bank Check. Use a Bill of Sale. Thats about it. Link to comment Share on other sites More sharing options...
Coooleeey Posted March 31, 2008 Author Share Posted March 31, 2008 They got some good stuff here: http://www.carbuyingtips.com/fraud.htm This should be pretty interesting... Link to comment Share on other sites More sharing options...
BigMike619 Posted March 31, 2008 Share Posted March 31, 2008 cashiers check or money order. i would NEVER accept a personal check. Link to comment Share on other sites More sharing options...
OVCChairman Posted March 31, 2008 Share Posted March 31, 2008 cashiers check or money order.i would NEVER accept a personal check. especially from a guy who calls himself "big mike" :doh: Link to comment Share on other sites More sharing options...
twa Posted March 31, 2008 Share Posted March 31, 2008 I would stay away from money orders as well..cashiers check or cash. And get their information on a bill of sale in any case. :2cents: Link to comment Share on other sites More sharing options...
81artmonk Posted April 1, 2008 Share Posted April 1, 2008 I only accept cash or money order. I have a simple contract stating all the important aspects of the sale like price agreed upon, date, time, vehicle info, and a place for both parties to sign. I make two copies and one you keep the other is for the buyer. Other things to include are the working order of the vehicle at the time of sale. Whether you will accept a limit warranty(such as if the care breaks within a week you will take it back) or an as-is clause. Which ever you would prefer. Personally I would sale it as-is but state that it works and runs well if not list any none-working items. Also, allow him to take it to a mechanic to check it out. If he doesn't want to, have that on the contract too. where he will sign agreeing to the fact that he declined a mechanic to check it out. Most of this is to protect you in the event your vehicle goes south as soon as you sell it to him. Link to comment Share on other sites More sharing options...
Coooleeey Posted April 1, 2008 Author Share Posted April 1, 2008 Thanks for the help everyone! I think I am going to ask for cash or cashiers check from a local bank. If its a cashiers check I am going to call the bank and verify the check before turning the vehicle over. Link to comment Share on other sites More sharing options...
BALLz Posted April 1, 2008 Share Posted April 1, 2008 Keep a spare key and put GPS on the car. If the payment doesn't go through, just go take your car back. If it does, sneak over and take the GPS back. Link to comment Share on other sites More sharing options...
Ron_Man Posted April 1, 2008 Share Posted April 1, 2008 Interesting, PayPal has fees? I wasn't aware of that.. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.