I took a 14k check for a 57 wagon, I made the buyer meet me at my bank, hers was out of state and made my banker contact her banker and confirm the cashiers check. Even as a business owner in the last three years I have not been once able to confirm with the bank a check was written on as two whether sufficient funds are there. That is why I had to have my banker call.
I wont even take cash without giving it a serious look anymore... A few years ago I got paid 300 dollars cash for a 200 engine I was selling out of my Mustang. I had the engine on Craigslist, the guy came by and seemed legit and gave me the cash and the deal was done. I only ever talked to him threw email but I figured it was cash, so it was no big deal... I took the cash to the bank the next day to deposit it and was almost arrested! The 50's the guy paid me with were actually 5 dollar bills that someone (I assume the guy I sold the engine to) had bleached and printed 50's on. Apparently it's a fairly common practice. I'd never heard of it before tell then. I had to explain where I got the cash, show them the ad and sign a statement. I was out 300 bucks and my engine....Lesson learned.
did it once with a local guy and local bank, other that that, would never do it. even a check "clearing" the bank doesn't necessarily mean it's actually cleared in this electronic age. money talks and bullshit walks. cash only. if they can give you a check, the supposedly the money's there, which means they can go to the bank and get it.
I did take a check once for and old dodge. It was just for a grand. Had the guy meet at my bank so he could draw funds. I guess he did not think that you can't get a grand from an ATM. lol so I got 500 bucks and a check for 500 and handed it to the cashier. Oh and it did help the fact that i saw he had 3 grand in the bank
I did it. I had an old pop up camper in the local paper. I couple of guys show up wanting it and wanted to pay with a check. I took it. They were a couple of old cajuns from Houma, La. They had driven all the way to Beaumont, Tx. You can't find better people. No problems.
i'd take a certified bank check. it isn't always easy to get $10k+ in cash and i personally don't like having that kind of cash in my possession anyways.
well we give out checks to the tune of 37 grand to young collage bound kids here in mn and they sure dont have any problem , and hey we dont get a lot bad ones for 50,s reg either but there are a few ,I sold a car at a meet out of town for a shitload of money and the guy had to pay me in the form part cash and part check I just checked with a few vendors at the event verified the guy was loaded told him he,d get the title when it was good all went well just my 2 cents
Sure, I'll take a check. You can pick the car up after I cash the check and then we'll transfer the title, all of this after the cash is in my hand.
Not even then. I got burnt for $90.00 that way. Cash only or we go to there bank and get the money. Also I have one of those pen to check bills. Its a shame that you can not trust a person on there word or hand shake anymore.
Where do you get those pens for checking the authenticity of money? I see them used in some businesses.......
I bought a car at Good Guys a few years ago and it was on a Sunday and the car I was buying was from out of town. I had the money in the bank and paid the guy with a check. I told him to hold the title until the check cleared and then send it to me. Worked out fine for both of us.
Sold a dragster to a guy in Fla about 10 years ago. Took a certified check for $10,000 it was from Bank of America. Called bank of America and yes it was legit and it was good. Deposited the check and shipped the car. This guy gets the car and files a stolen check report with his bank. The stopped payment on the stolen check. I had to get the federal banking commission involved in that one but finally got my money.
I would avoid checks whenever possible. I currently work in a Loss Prevention Dept. and we see all kinds of things that can go wrong...even if the check is good. If you do take one, you should at least call the bank and verify funds on the account. Most bank verification phone numbers can be found online although less and less of them are offering this service due to privacy laws. And, even if the money is there when you call, they could always make a withdrawal after the fact. As for counterfeiting, well there is no end to the possibilties. One thing you can do is verify the routing number (usually the first 9 digits on personal checks) on the Federal Reserve website. That will at least tell you if the routing number matches the bank that the check appears to be drawn on. And counterfeit "pens" used to spot fake currency are usually availble at places like Staples or Office Depot. They also have a website that points out the watermarks and other security features built-in to paper bills. I could go on but I should probably get back work on all the fun stuff described above!
Last summer I took a check for 17k for a car. But I had enough information on the person to take whatever action I deemed necessary. I used to have a C-store and have got burnt on small checks. I once went to a persons house to collect on a twenty dolor check. Thy didn't have the cash but gave me a weed whip. Man Im glad I sold that place. Ron
Never, not once, ever, don't do it. Oh yeah, hell no and no exceptions. If it is a high dollar car, they can wire transfer from bank to bank. Again, never.
nope, my car will never leave my possession. but any car that was unfortunate enough to leave my possession would not do so without me having the funds cleared and in the bank
Depends on who's writting the check. I'd take one from Rocky but I probably wouldn't take one from the guy down the street from me. Check from a total stranger? probably not.
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