craigslist payment
#1
Thread Starter
Registered

Joined: Sep 2010
Posts: 369
Likes: 21
From: cleveland ohio
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
#9
Registered
Joined: Dec 2009
Posts: 2,480
Likes: 2
From: Wyandotte, MI
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
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.



