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Old 07-16-2009, 01:37 PM   #1
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Default Selling an 04.......

I am selling my 04 cobra, the buyer is from PA. I still have a lien on the title. His bank is giving him a cashiers check in my name to pay off the car at my bank. I talked to my bank and they said since he is from out of state they will not cover the check if for soem reason it does not go through. That I would be stuck w/out the car and it would be 685 miles away, while still owing the balance of the loan. (to which i responded, you'd still have the title right? If i quit paying it would be your job to repo it and get it back right? Lol). Forr me not to give him the car until the check clears.... The buyer is pissed at me because I told him the car doesn't leave my posession until the check clears. Am I being unreasonable?
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Old 07-16-2009, 01:50 PM   #2
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why not just have him wire you the money?
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Old 07-16-2009, 02:03 PM   #3
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I am selling my 04 cobra, the buyer is from PA. I still have a lien on the title. His bank is giving him a cashiers check in my name to pay off the car at my bank. I talked to my bank and they said since he is from out of state they will not cover the check if for soem reason it does not go through. That I would be stuck w/out the car and it would be 685 miles away, while still owing the balance of the loan. (to which i responded, you'd still have the title right? If i quit paying it would be your job to repo it and get it back right? Lol). Forr me not to give him the car until the check clears.... The buyer is pissed at me because I told him the car doesn't leave my posession until the check clears. Am I being unreasonable?
Tell him to fuck himself if he doesn't like you seeing the transaction until the end. Seriously. Would he give up his Cobra without making sure the check is good?
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Old 07-16-2009, 02:05 PM   #4
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why not just have him wire you the money?
+1, plus it wouldnt be much easier... Guy is probably trying to rip you off, i'd tell him to piss off.
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Old 07-16-2009, 02:23 PM   #5
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I don't thinks it's unreasonable, ask your bank how many days to confirm check is good, type up an agreement that you will not drive the car in the process of check clearing and on said date when confirmation car is his, that way both of you are covered. I would agree though to the wire direct to the bank.
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Old 07-16-2009, 02:37 PM   #6
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When I sold my 01 vert I called the bank the buyer wrote the check from and confirmed the funds were there...he was from Indiana fwiw.
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Old 07-16-2009, 03:01 PM   #7
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on a side note, if you have the dark charcoal seats, mind trading with me before the sale of the car?
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Old 07-16-2009, 03:44 PM   #8
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Lol, that's one of the things that drew him to the car. He is taking out a loan so it would be his bank I am trusting. Which I mean if a t or I doesn't get dotted who is to say he will rectify the situation. I also thought I was being more than fair when I told him to just give me the payoff balance, when that clears he can have the car. Then when he receives the title he can give me he remainder. That still didn't satisfy him and he's tryin to make me feel like the dick.
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Old 07-16-2009, 03:49 PM   #9
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if he is not being reasonable then find another buyer IMO
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Old 07-16-2009, 04:04 PM   #10
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if he is not being reasonable then find another buyer IMO
I wish it were that easy not too many people a dishing out money right now on something that can pretty much be called a toy. I just wish I would of sold it 8 months ago for nearly $5k more than what I am getting now. But I turned it down.
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Old 07-16-2009, 04:44 PM   #11
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well if he falls through, then we trade seats?
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Old 07-16-2009, 04:52 PM   #12
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have his bank work directly with yours. his pays off the balance at your bank, and then cut a check to you for the balance.

I just did this same thing last week.
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Old 07-16-2009, 04:53 PM   #13
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I would wait till the check clears. There has been to many scams out there and people losing their cars due to bad checks. TRUST NO ONE but your self when it comes to high dollar stuff.
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Old 07-16-2009, 05:18 PM   #14
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have his bank work directly with yours. his pays off the balance at your bank, and then cut a check to you for the balance.

I just did this same thing last week.
good idea right there, thats what id do
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I would wait till the check clears. There has been to many scams out there and people losing their cars due to bad checks. TRUST NO ONE but your self when it comes to high dollar stuff.
+1 soooooooooooooo many scams out there its ridiculous, especially when youre trying to sell a car

when i was selling my integra i got all these emails saying someone would mail me a check for more than what i was asking and then id mail them back the difference... i wonder if anyone is stupid enough to actually do that, but i finally recieved an actual check from one of these scammers, took it to the bank for shits and sure enough - JUNK
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Old 07-16-2009, 05:22 PM   #15
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well if he falls through, then we trade seats?
Sorry no, the potential buyer would probably want the car in normal condition. Thanks though.
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Old 07-16-2009, 06:04 PM   #16
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Sorry man but that car would not be leaving my house until the money is clear and thats all there is to it! There are more than a few ways to have the car paid for listed here already that would cover your ass and thats all that matters.
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Old 07-16-2009, 09:45 PM   #17
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Can't go wrong with cash.
Go to the bank with him, if they say the bills are good the deal's done!
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Old 07-16-2009, 11:02 PM   #18
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I personally know someone who sold a car and the buyers cashiers check ended up being no good. Luckily for her, she was able to claim it as a theft and ended up getting more though insurance than the sale price of the car.

I would defiantly not let the car go until you are 100% sure you have the money.
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Old 07-16-2009, 11:20 PM   #19
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Alright, thank all of you. I've told him the bottom line is the cars not leaving till the check clears. Nowadays with our technological advancements anything can be pretty much forged. If he wants to hold the excess until the title arrives then that is ok with me.
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Old 07-17-2009, 06:51 AM   #20
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Sorry no, the potential buyer would probably want the car in normal condition. Thanks though.
damn
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Old 07-17-2009, 07:45 AM   #21
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your bank lied to you. they can immediately identify whether or not the check is valid on the spot. i just gave my bank a certified check for 25k two days ago and they called and verified it indeed was a real check from citibank. they told me it would be 2-3 days before funds were available but i could withdraw up to 1/2 the amount right there

nothing like walking outta the bank w/10k. makes me smile all day long.
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Old 07-17-2009, 09:06 AM   #22
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your bank lied to you. they can immediately identify whether or not the check is valid on the spot. i just gave my bank a certified check for 25k two days ago and they called and verified it indeed was a real check from citibank. they told me it would be 2-3 days before funds were available but i could withdraw up to 1/2 the amount right there

nothing like walking outta the bank w/10k. makes me smile all day long.
Citibank is a little bit bigger business than some mom and pop credit union out of PA. $12.5k is half of $25k btw,your bank lied to you..
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Old 07-17-2009, 09:24 AM   #23
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Citibank is a little bit bigger business than some mom and pop credit union out of PA. $12.5k is half of $25k btw,your bank lied to you..



they said i could take UP to 1/2. i didnt need that much.
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Old 07-17-2009, 09:51 AM   #24
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they said i could take UP to 1/2. i didnt need that much.
I was just playin man....
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Old 07-17-2009, 10:18 AM   #25
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How much was the payoff?
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