How to manage payment for large ticket items for sale

» Site Navigation
Home Page The Villages Maps The Villages Activities The Villages Clubs The Villages Book Healthcare Rentals Real Estate Section Classified Section The Villages Directory Home Improvement Site Guidelines Advertising Info Register Now Video Tutorials Frequently Asked Questions
» Newsletter Signup
» Premium Tower
» Advertisements
» Trending News
» Tower Sponsors




















» Premium Sponsors
» Banner Sponsors
» Advertisements
Reply
Thread Tools
  #1  
Old 05-02-2021, 03:01 PM
jojo's Avatar
jojo jojo is offline
Platinum member
Join Date: Nov 2007
Location: Amelia
Posts: 1,754
Thanks: 74
Thanked 94 Times in 51 Posts
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.
__________________
Columbus OH, The Villages - Amelia
  #2  
Old 05-02-2021, 03:05 PM
retiredguy123 retiredguy123 is offline
Sage
Join Date: Feb 2016
Posts: 6,236
Thanks: 621
Thanked 4,549 Times in 1,699 Posts
Default

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.
  #3  
Old 05-02-2021, 03:08 PM
jojo's Avatar
jojo jojo is offline
Platinum member
Join Date: Nov 2007
Location: Amelia
Posts: 1,754
Thanks: 74
Thanked 94 Times in 51 Posts
Default

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.
__________________
Columbus OH, The Villages - Amelia
  #4  
Old 05-02-2021, 03:21 PM
JMintzer's Avatar
JMintzer JMintzer is online now
Senior Member
Join Date: Feb 2021
Posts: 197
Thanks: 70
Thanked 161 Times in 87 Posts
Default

Whatcha' selling? I'm looking for a nice clean late model cart...
__________________
Most things I worry about
Never happen anyway...

-Tom Petty
  #5  
Old 05-02-2021, 04:08 PM
rjm1cc's Avatar
rjm1cc rjm1cc is offline
Soaring Eagle member
Join Date: Apr 2010
Posts: 2,029
Thanks: 82
Thanked 234 Times in 93 Posts
Default

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.
  #6  
Old 05-02-2021, 04:32 PM
thelegges thelegges is offline
Gold member
Join Date: May 2010
Location: Drayton Plains, MI, Vietnam, Waterford, MI, Pennacamp, Fernandina /One Retired in Duval
Posts: 1,489
Thanks: 10
Thanked 809 Times in 263 Posts
Default

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
  #7  
Old 05-02-2021, 04:33 PM
vintageogauge vintageogauge is offline
Sage
Join Date: Aug 2016
Location: village of Fenney, Ford City, Pa., and Hudson, Ohio
Posts: 2,920
Thanks: 0
Thanked 2,476 Times in 812 Posts
Default

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.
  #8  
Old 05-02-2021, 08:10 PM
tophcfa's Avatar
tophcfa tophcfa is online now
Sage
Join Date: Feb 2015
Location: Wherever I happen to be.
Posts: 2,965
Thanks: 1,405
Thanked 3,310 Times in 1,042 Posts
Default

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.
  #9  
Old 05-02-2021, 09:59 PM
OrangeBlossomBaby OrangeBlossomBaby is offline
Sage
Join Date: Feb 2015
Posts: 4,380
Thanks: 3,271
Thanked 4,293 Times in 1,317 Posts
Default

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
  #10  
Old 05-03-2021, 02:04 AM
Two Bills Two Bills is offline
Sage
Join Date: Aug 2016
Posts: 2,594
Thanks: 603
Thanked 2,988 Times in 981 Posts
Default

Gift vouchers are very popular at the moment with certain transactions!
  #11  
Old 05-03-2021, 04:48 AM
RICH1 RICH1 is offline
Senior Member
Join Date: Sep 2011
Location: North side
Posts: 201
Thanks: 498
Thanked 208 Times in 80 Posts
Default

Never use PAYPAL.....PayPal will also tell you Never use PayPal and explain to you how the scam works!
  #12  
Old 05-03-2021, 04:58 AM
JoelJohnson JoelJohnson is offline
Veteran member
Join Date: Jun 2012
Location: Lady Lake, FL
Posts: 601
Thanks: 363
Thanked 157 Times in 76 Posts
Default

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.
  #13  
Old 05-03-2021, 04:59 AM
scottiesrgreat@gmail.com scottiesrgreat@gmail.com is offline
Member
Join Date: Nov 2020
Posts: 84
Thanks: 304
Thanked 217 Times in 50 Posts
Default

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.
  #14  
Old 05-03-2021, 05:40 AM
noslices1 noslices1 is offline
Senior Member
Join Date: Jul 2012
Posts: 307
Thanks: 28
Thanked 280 Times in 134 Posts
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.
  #15  
Old 05-03-2021, 05:48 AM
jojo's Avatar
jojo jojo is offline
Platinum member
Join Date: Nov 2007
Location: Amelia
Posts: 1,754
Thanks: 74
Thanked 94 Times in 51 Posts
Default

Quote:
Originally Posted by JMintzer View Post
Whatcha' selling? I'm looking for a nice clean late model cart...
Sent you a PM.
__________________
Columbus OH, The Villages - Amelia
Reply

Tags
sale, manage, payment, cart, safest


You are viewing a new design of the TOTV site. Click here to revert to the old version.

All times are GMT -5. The time now is 03:53 PM.