Safest way to recieve payment when you sell a vehicle?

The Arp · 10-05-2009, 07:30 PM

Other than cash what are the safest ways to get paid if I'm privately selling a used vehicle. Money orders and cashiers checks are easily forged and you bank will hapily cash it for you and then withdraw the funds later.

Lone Wolf 75 · 10-05-2009, 08:25 PM

You could do a certified check. I think most Mortgage Companies require you to have a certified check when putting a downpayment down on a house. It's different than a cashier's check in that the bank guarantees that there are sufficient funds in the account to cover the check - it cannot bounce. The only way it would become void is if the bank were to fail before you could deposit the check.

10-05-2009, 07:30 PM	#1 (permalink)
The Arp Base Member Join Date: Jul 2009 Location: Simi Valley Posts: 38 Drives: 2009 370z white m6 Rep Power: 15	Safest way to recieve payment when you sell a vehicle? Other than cash what are the safest ways to get paid if I'm privately selling a used vehicle. Money orders and cashiers checks are easily forged and you bank will hapily cash it for you and then withdraw the funds later.

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10-05-2009, 08:25 PM	#2 (permalink)
Lone Wolf 75 Base Member Join Date: Jul 2009 Location: The Future Age: 49 Posts: 191 Drives: 09 370Z PG 6M Rep Power: 15	You could do a certified check. I think most Mortgage Companies require you to have a certified check when putting a downpayment down on a house. It's different than a cashier's check in that the bank guarantees that there are sufficient funds in the account to cover the check - it cannot bounce. The only way it would become void is if the bank were to fail before you could deposit the check.