<VV> Long Distance Selling

[Bill Elliott]

The reason to use cashier's checks was that they were certified funds 
and did not have to clear.... as good as cash. That of course made them 
a clear target for fraud. There are so many bogus cashiers checks around 
now that banks seem to be holding them even longer than personal checks.

I'm with Matt... the only sure way is a wire transfer. The buyer will 
likely want a certified bill of sale and proof that you have clear title 
to the vehicle in question before wiring funds. (The bill of sale can be 
contingent on the wire transfer).

In the end though, both parties have to have some trust. I've bought 
vehicles sight unseen from Europe via wire transfer (much cheaper for 
them and their usual method of payment) and have sold them overseas the 
same way. I've not been burnt on a vehicle yet (though I have on parts 
purchases).

You don't want to do anything much over $1000 via Paypal... too many 
risks and the fees too high.

Good luck!
Bill


John Headley wrote:

>Has anyone sold a car to a buyer who is many states
>away?  How is this normally done?  I want to make sure
>that we both can feel secure about the transaction and
>avoid fraud.  I have someone who is interested, but on
>the other coast (and no, it's not one of the e-mails I
>sent to the list the other day).
>
>I know cashier's checks are usually the best way, but
>you still have to wait for them to clear.  Is it fair
>to ask him to send money and wait 2 weeks for it to
>clear?  If not, what can I do to make it fair and help
>him not think I'm taking his money for a vacation? 
>How about Paypal as a money transfer?  Anyone gone
>that route?  
>
>>From what I can see, maybe it's fair for him to
>request a copy of the title in advance to show I own
>the car, and a 3rd party inspection is probably ok
>too.  We are trying to arrange for a local vair
>mechanic to do an independant inspection.  I'm good
>with that, but the payment and timing of shipping are
>a little tricky.  Any advice?
>
>Thanks,
>-John Headley
>
>
>  
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