craigslist payment
#1
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craigslist payment
I am in the process of selling a muscle car on craigslist, what is the safest way/process for receiving payment from the buyer.so many bad stories about receiving fake bank checks,etc.
thank you
thank you
#6
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How ever you do it, Don't let the Car go until you or your bank has the Cash in Hand. even if sh*t looks like the real deal you can still be screwed. Cash in Hand or Car in the Garage. Pick one
#9
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Wire transfer, cash, or certified check. However if you accept the certified check, I wouldn't release the car or title until bank clears it and that can take up to 1 week. If the buyer is legitimate, and pays with a certified check he knows the drill and should be fine waiting till the check clears.
#10
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Join Date: Oct 2000
Location: St. Louis/ LOTO
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We just boat a boat through Craigslist. Here's what we did. We wired the funds to the seller's bank a day before pick up. The bank held the funds in essentially an escrow account until we called with approval to transfer the funds after viewing the boat. At that time, the bank transferred an amount to pay off the seller's lien on the boat and the excess to his personal account. If we didn't approve of the boat, the bank would have then wired the funds back to our bank.