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 > How to accept payment for Travel Trailer

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MetalGator

Florida

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Posted: 02/17/17 07:08am Link  |  Quote  |  Print  |  Notify Moderator

I will be putting my Travel Trailer up for sale soon (just bought a Class A). I have never sold something like this privately before. I was trying to trade it in on the Class A but they really gave me a low ball offer. How do must people except payment for selling large items? I know that certified checks now are easy to fake. Asking someone to give me 10K+ in cash seems unrealistic. I do have a Paypal account but then I lose 3%.


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Toddupton

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Posted: 02/17/17 07:13am Link  |  Quote  |  Print  |  Notify Moderator

Cash! You can follow then to their bank if need be.

ford truck guy

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Posted: 02/17/17 07:13am Link  |  Quote  |  Print  |  Notify Moderator

I accept cash


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downtheroad

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Posted: 02/17/17 07:16am Link  |  Quote  |  Print  |  Notify Moderator

I have sold a number of cars and travel trailers over the years. Everything from $2500 to $20,000...always exchanged the title for cash.


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RoyB

King George, VA

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Posted: 02/17/17 07:37am Link  |  Quote  |  Print  |  Notify Moderator

I like going to the bank idea... If the bank is happy then I am happy haha...

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Posted: 02/17/17 07:41am Link  |  Quote  |  Print  |  Notify Moderator

Cash is relatively safe, as safe as anything at least.

If the buyer is local or if their bank/credit union has a local branch, you can fairly safely use a bank check verified at a branch of their bank. For that matter, a personal check cashed at their bank (presumably while they're around) is also safe.

While there certainly are scammers out there, most people are mostly honest.





MandKJohns

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Posted: 02/17/17 07:43am Link  |  Quote  |  Print  |  Notify Moderator

I have bought and sold multiple vehicles and recreational items over the years anywhere from $1,000 to $23,000 As with everyone else cash is always best. But if need be I will go to their bank with them and have the bank hand me the cashiers check and then hand them the title while still in the bank. But if you can't do that then cash is the only form.

Captain_Happy

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Posted: 02/17/17 07:46am Link  |  Quote  |  Print  |  Notify Moderator

Go to the buyers bank to get paid and then go to your local DWV and the get the title transferred into there name. Now if it's an out of town buyer have them bring a certifed bank draft from there bank and take it to your bank and cash it. Now if you do all this you'll know your going to get screwed.

fulltimedaniel

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Posted: 02/17/17 07:48am Link  |  Quote  |  Print  |  Notify Moderator

Ten Thousand Dollars is really not that much cash. Take cash for sure and make sure that your receipt is clear in this:

This unit is sold AS IS no warranties are expressed or implied

Be sure the VIN number of the unit is noted.

You do not want a "certified" Check. If you accept a check it should be a "Cashiers Check" This means essentially that a "Cash" transaction took place at the buyers bank to produce that check. IE. it cannot bounce.

fj12ryder

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Posted: 02/17/17 08:06am Link  |  Quote  |  Print  |  Notify Moderator

"The federal Office of the Comptroller of the Currency, or OCC, has warned that crooks increasingly are turning to cashier's checks as a way to bilk people out of money and goods."

A Cashier's check can indeed bounce if it's a bad cashier's check.


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