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Howdy,

 

I decided to take a break for the road and take care of business and save up for a larger rig. I put a cursory ad on Craigslist and found a serious buyer right off the bat! Almost too easy! I'm giving a pretty good deal but his lack of questions and just wanting to buy it as-is, no counter offer, is raising red flags.

 

We have an appt. to meet at the bank and he'll pay with a cashier check and I'll pay off the remainder of the loan. I'll get a notarized bill of sale and provide title when I get it. I'll give the trailer and keys when I'm paid. Buyer is fine with this arrangement.

 

Will the bank be able to confirm any payment form is legit right away?

 

Am I proceeding with the properly? I've never sold anything I still owed on....

 

Anything I should be aware of and what is . abetter approach if mine's flawed?

 

Thanks,

 

Az Tex

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Did he come and look at it?? There are a lot of scammers on Craigslist and they are pretty slick. This sound like a scam, I would contact Craigslist and see what they say.

I have heard of people being given bogus Cashiers Check. Tell him you want cash only. I don't think the bank can verify the check since it will need to go through a clearing house.

We sold a truck(MDT-$29000) and told the guy we wanted cash, he showed up with the cash.

 

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It's a definite scam. They are slick with making checks that look like the real thing. By the time you get it back for not clearing they will be long gone.

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Well we're meeting at the bank to complete the deal. Will the bank be able to spot it right away?

 

Says its a cashiers check from a local credit union.

 

He's seen it. Spent an hour going over it....

Edited by aztex

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Well bank says cashiers check is NOT like cash!

Yikes!

I requested cash or bank transfer and we'll see if I ever hear back....

Seems like good people... I guess all confidence players do right????

 

I'll let you know how it shakes out..

 

Az Tex

 

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IF you go this way, tell him you cash the check and keep the RV until the bank says it cleared.  Usually 3 days.  Saying that, I've had a jacka## try that on me, did not fall for it.  Probably a scam, the printers these days can print out a pretty convincing copy/fake check.  Best to have him hand you the cash in front of the teller and have him/her check the bills for counterfeits.  Those can be pretty convincing too.

You'll pay off the remainder of the loan?  Where have you been all my life??

I saw you posted same time I did, good.  I was in NV once, had a retailer hand me a $100 bill.  I was visiting and brought hundred $$ bills with me to spend.  His bill looked good, could not tell the difference, had the micro thread even.  Said, hold it to the light.  I did, what I saw was a bleached out $5 printed over with $100 info.  I could not tell the difference.  Told me it (at the time) was the current scam to hit the casinos.

Edited by NDBirdman

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Yea what a tricky business!

Says he'll do cash!

Either REAL slick and has a GREAT printer or legit.

I suppose cash deal at the bank will be safe. If counterfeit they'll spot it or this guy has brass to walk into the back with $46K in fake bills!

Anything else I should be aware of? He's willing to wait 3-5 days to get title so I intended to release the trailer to him on delivery of payment.

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The way that's done is you go to HIS bank and at the teller window he has the bank cut you a check for the amount required.
This is done with both of you at the teller window along with a quick explanation of what your doing.
The bank teller will verify the money is there before cutting a check.

Not every buyer is bogus.  We had a guy on the east coast send a check for a rowing shell without his even seeing it.  A few weeks later he had a guy come to our house towing a huge trailer full of rowing shells - he picked up the rowing shell and that was it.

 

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53 minutes ago, Rich&Sylvia said:

The way that's done is you go to HIS bank and at the teller window he has the bank cut you a check for the amount required.
This is done with both of you at the teller window along with a quick explanation of what your doing.
The bank teller will verify the money is there before cutting a check.

Not every buyer is bogus.  We had a guy on the east coast send a check for a rowing shell without his even seeing it.  A few weeks later he had a guy come to our house towing a huge trailer full of rowing shells - he picked up the rowing shell and that was it.

 

I have done it this way for big ticket items that I have sold.  Had a teller at there bank hand me the cashiers check.  That way you know it is ledgit.

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The last rig we bought, we moved our money to an account at his bank, which we opened for this purpose + $500.  Then went to the local branch with him and transfered the funds to his account.  He signed the title in front of the bank officer, and we left.  Drove down the street to the trailer, hooked it up and left.  Pretty clean and easy.  I felt much safer doing it this way than doing a wire transfer or bank check.

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Huge factor is owing the bank on it so we have to pay it off and wait for title which doesn't seem to bother the buyer since he'll have bill of sale and trailer....

It is a pretty good deal I'm offering!

About ~$1000 lower than I've ever seen one listed PLUS ~$2000 of upgrades and essentials. You can take on a trip right now without adding a thing!

All high quality stuff too!

I'm also offering to stage it at a local KOA and show them the ropes since they never had one this big. Tear drop campers moving up!

If you'd shopped around I can guarantee you wont find a better deal.

I just know this is the best time of year to sell and it costs me $500 a month so sitting another 3-6 months starts to add up. Not to mention maintenance and head ache of dealing with buyers....

 

But I don't want to get ripped off! 😕

A

 

 

Edited by aztex

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It is a good thing that you are proceeding cautiously.  Lots of opportunity to be taken advantage of.

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18 hours ago, Rich&Sylvia said:

The way that's done is you go to HIS bank and at the teller window he has the bank cut you a check for the amount required.
This is done with both of you at the teller window along with a quick explanation of what your doing.
The bank teller will verify the money is there before cutting a check.

 

Never thought of that.  This sounds like a win-win!  Or open an account at his bank ahead of time, have teller transfer is $$ to your account while you are both standing there (rpsinc's idea).  Either way, this would be very safe.

Edited by NDBirdman

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Thanks for all the advice!

 

Sold it that fast! Went to his bank and had cashier cut the check in front of me. Got bill of sale notarized and buyer witnessed me deposit and pay off loan.

 

Just have to wait for title and done.

 

Now to start working on RV Life chapter 2. I think I'll plan a little better this time!

 

See ya soon!

 

A

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