Boat Purchase Payment Question
08-29-2022 | 06:01 PM
#21
Registered
Joined: Feb 2002
Posts: 5,008
Likes: 752
From: Traverse City, Michigan
I recently bought an RV, person to person sale, and was able to do a wire transfer for the entire purchase via my laptop and the online banking portal. This was with Bank of America.
The best way is with a Wire Transfer. Talk directly to your bank manager, and you should be able to make it work. Different banks have different policies. But if you set up the entire wire transfer in person ahead of time, and then call your bank branch, and talk with the same branch manager, there should be no reason you can't tell them "GO" over the phone, and they send the transfer. You can perhaps even do it with FaceTime for additional bank assurance. Their policies are to protect you, but sometimes they really get in the way.
The seller will be able to see the money IN his account within 20 minutes or so.
I once traveled overnight by train with $26K in cash on my person to buy a truck, and I was a nervous wreck the whole time. It was not one of my smarter moves.
The best way is with a Wire Transfer. Talk directly to your bank manager, and you should be able to make it work. Different banks have different policies. But if you set up the entire wire transfer in person ahead of time, and then call your bank branch, and talk with the same branch manager, there should be no reason you can't tell them "GO" over the phone, and they send the transfer. You can perhaps even do it with FaceTime for additional bank assurance. Their policies are to protect you, but sometimes they really get in the way.
The seller will be able to see the money IN his account within 20 minutes or so.
I once traveled overnight by train with $26K in cash on my person to buy a truck, and I was a nervous wreck the whole time. It was not one of my smarter moves.
09-06-2022 | 05:35 PM
#22
Registered
Joined: Feb 2022
Posts: 15
Likes: 11
From: Arlington texas
I have a bunch of life jackets, one of them is hollowed out and full of cash for transactions like these. I'm broke now but at one time I had over 50k in the life jacket. No one ever wanted to wear it.
09-08-2022 | 12:20 PM
#23
Charter Member#568
Joined: Dec 2000
Posts: 2,171
Likes: 17
From: Western N.Y.
Find a national bank with branches near you and near the seller. Open an account and deposit the 30k. If the deal goes through you can get the money out when you pick up the boat, if it doesn't just close the account.
5k is too much of a deposit for an unseen boat. If I saw the boat and paperwork in person and knew for certain I was buying it but needed a few weeks to coordinate the sale / transportation etc. then I'd offer the 5k.
5k is too much of a deposit for an unseen boat. If I saw the boat and paperwork in person and knew for certain I was buying it but needed a few weeks to coordinate the sale / transportation etc. then I'd offer the 5k.
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Straight bottoms and flat decks
Straight bottoms and flat decks
