Method of payment, selling Motor home

[texgirl]

I am trying to sell my motor home, and someone is interested but they are out of state and plan to send someone down to pick it up, they own a rental business... I am very leery of this sort of thing, so far seems legit, but they want to give me a cashiers check, says I can go to his bank and make sure its ok.. I am thinking a wire transfer would be better but he is saying it could take 24 hrs for that to clear... just wondering if others have experience on how to do a transaction like this if we can make a deal....

Thanks so much..

[TurnerFam]

he is misleading you: a wire transfer is IMMEDIATE, that's why that's exactly what you want, unless you want them to give you CASH... those are your two options, anything else could get you in trouble.
If they are not willing to wire transfer, it's a scam. A certified check or money order would be just as difficult for them to get from their bank, so them telling you anything different is just a 'sign' that this is not a legitimate transaction. They are trying to 'pick up' your RV before you actually have the funds...

or else have a police officer standing there next to you when they arrive... I'll bet they just keep going!

[mpinva]

Cashier's checks, money orders, and certified checks can easily be forged. Sounds like a scam to me.

[csseeker]

You can take that cashier's check straight to the same brand bank and cash it immediately. Before they take the RV away. Confirm in person and cash that check. It sounds suspicious but you never know. They could also bring cash as they'll be at the issuing bank to get the cashier's check anyways.

[csseeker]

I've sold some classic cars through 3rd parties to people in Europe. I've had no problems. They'll have no problem with cash.

[Bob Denman]

Am I the only one who feels that nothing beats a suitcase full of cash?
Second to that: a wire transfer would be my next choice.
Good luck with your sale!

[vegasruv24.1]

in God we trust, everyone else pays cash...never take a check in any form,

[Bob Denman]

No check Check!

[Mr Sunshine]

Wire transfer direct to your account.

Or, check out escrow.com I bought a car from a guy that used that. Seems like the cost was around 1%, but very secure.

[The_Breeze]

I bought a $55k car from a guy in AL with a cashiers check. We spent some time in his bank as they called my bank to verify the check was good. The check was made out in his name and the bank held the funds. It was stamped with their credentials. Those are criteria you'll want in hand.

He didn't hand me the keys or the title until the verification was over. Make sure you do the same. It takes time out of your day and it works.

We loaded the car on an Intercity trailer and it was mine.

[Chuck and Mary Ann]

I bought mine with a cashiers check from WellsFargo, was not taking thousands to Indiana. Yes, they can be forged but as long as your bank calls the issuing bank and verifies they issued the check, the money is good according to my bank. It can,t be reversed without having the original check. Wire transfer is best, but cashiers check made out to you - nobody is going to travel with a blank check of significance. Regardless of the method, make sure you validate funds are in your hands before the keys and title are in theirs - make sure you are comfortable with everything or walk away.

[The Gritz Carlton]

That is a SCAM for sure..."sending someone down to pick it up" is one of the two biggest clues. Cashier's Check is another. Cashier's Checks can be reverse funded just like any other check. Once your bank discovers it's a fake...they charge you back. Have them wire transfer "from their bank directly to your bank" or do an in-the-bank transaction with cash conversion to your account. Your bank can verify the legitimacy of the funds. DO NOT TAKE ANY KIND OF CHECK FROM ANYONE these days for a purchase like this.