How to manage payment for large ticket items for sale

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  #1  
Unread 05-02-2021, 03:01 PM
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Default How to manage payment for large ticket items for sale

We are going to list our golf cart for sale and I'm wondering what is the safest way to manage the payment for the sale.
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Unread 05-02-2021, 03:05 PM
retiredguy123 retiredguy123 is offline
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Obviously, cash is always good.

But, another option is to meet at the buyer's bank and get a cashier's check with your name on it as the payee.
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Unread 05-02-2021, 03:08 PM
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Quote:
Originally Posted by retiredguy123 View Post
Obviously, cash is always good.

But, another option is to meet at the buyer's bank and get a cashier's check with your name on it as the payee.
Thank you. I thought of a cashiers check but I like the idea of meeting at our bank.
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Unread 05-02-2021, 03:21 PM
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Whatcha' selling? I'm looking for a nice clean late model cart...
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Unread 05-02-2021, 04:08 PM
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A money order or a casher check (The buyer would pay his bank and they would give him one of their checks made out to you.)
As mentioned best to do the transaction at the bank so you can cash the check. But then you might not want to leave the bank with the cash so the casher check might be best.
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Unread 05-02-2021, 04:32 PM
thelegges thelegges is offline
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We met at their bank, and a cashier check was given to us, from chase bank. We deposited in citizens first, next door. We also had a bill of sale that we included with our taxes, copy of check, since it was such a large transaction
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Unread 05-02-2021, 04:33 PM
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I once sold a car to an individual that wanted to pay with a personal check. I called my insurance agent, at the time it was Erie Insurance, he advised that if the check was no good it would be considered theft and Erie would cover it. Not too many people are going to take a chance bouncing a check on a big ticket item as it's a felony and carries stiff penalties.
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Unread 05-02-2021, 08:10 PM
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Cash or bank check. Anything else is unacceptable. There is no title, once the buyer drives away in the cart you are out of luck if another form of payment turns out to be no good. The only way i would accept a personal check would be if the cart stays in my garage, with the keys in my possession, until the check clears.
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Unread 05-02-2021, 09:59 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
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We paid by personal check for our golf cart. But we bought it from the guy across the street from us. I'm sure he knew that we weren't going to rip him off, especially since he knows where we live
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Unread 05-03-2021, 02:04 AM
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Gift vouchers are very popular at the moment with certain transactions!
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Unread 05-03-2021, 04:48 AM
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Never use PAYPAL.....PayPal will also tell you Never use PayPal and explain to you how the scam works!
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Unread 05-03-2021, 04:58 AM
JoelJohnson JoelJohnson is offline
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If you decide to go the cash route, you can use the Sheriff's parking lot, they have cameras and I don't think anyone would try to rob you there.
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Unread 05-03-2021, 04:59 AM
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First - write up a simple BILL OF SALE and make sure to get signatures before the completion of the transaction!

Years ago - when my father passed - I sold his truck. I had the ‘Bill of Sale’ - signed by both parties - and we all met at the buyer’s bank - for transfer of funds.
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Unread 05-03-2021, 05:40 AM
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Default Cash

Quote:
Originally Posted by jojo View Post
We are going to list our golf cart for sale and I'm wondering what is the safest way to manage the payment for the sale.
Cash is the safest, but if you are selling it to someone who lives in The Villages, a personal check should be ok. Be sure and make a Bill of Sale with their name, address and phone number.
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Unread 05-03-2021, 05:48 AM
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Quote:
Originally Posted by JMintzer View Post
Whatcha' selling? I'm looking for a nice clean late model cart...
Sent you a PM.
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