Selling and paying

[TrexRunnerGirl]

I wasn't sure where to post this so will start here.

If someone is selling parts, trucks etc. and the buyer is out of state, what is the best way to get the money or send the money?
especially if buying a vehicle worth thousands and you'd plan to have it shipped.

I've heard the only safe way is wire transfer directly to the bank or bags of money. gold bars would work if verified too which I'd love, yet I digress.

How has it been done here or by you for big ticket items?

 

[firemanj92]

I wasn't sure where to post this so will start here.

If someone is selling parts, trucks etc. and the buyer is out of state, what is the best way to get the money or send the money?
especially if buying a vehicle worth thousands and you'd plan to have it shipped.

I've heard the only safe way is wire transfer directly to the bank or bags of money. gold bars would work if verified too which I'd love, yet I digress.

How has it been done here or by you for big ticket items?

I've usually send $$ via paypal. I am rather trusting, and haven't been (too) burned even with the transaction was several thousands of dollars.

 

[theesotericone]

I'd have the buyer overnight a cashier's check.

 

[I_bRAD]

Some shippers will offer a COD option. That way both the buyer and seller have some confidence they won't get burned on their end.

 

[rkymtnman]

When I am selling stuff to someone I don't "know", nothing leaves my house until the funds are deposited in my account and cleared (if check or otherwise). Then I ship. 99.9% of the time, the buyer is understanding...though they do have to trust me as well.

I sold my FJ80 to some guy a few states away. He didn't want it sight unseen and I didn't want him to buy it sight unseen. He flew in, I picked him up, he went over it, we went to the bank, I got a tellers check from the lady behind the counter and he drove home in an FJ80 I have regretted selling ever since!

 

[2ndhandyotaman]

If you're the seller, I'd have them meet you in person and they can bring cash or have their bank wire transfer the funds into your bank account. If you're the buyer, I'd suggest seeing the vehicle in person at the minimum, then make the arrangements for payment. Never let a stranger know that you're arriving from out of state to look at a parts vehicle and that you have a wad of cash on you. Bare minimum, leave the money at the hotels safe. You can always go back and get the cash if you feel that it's a safe environment after seeing the vehicle.

FWIW, I was in SoCal last week to visit relatives in Palm Springs with a planned side trip to look at a '94 FZJ80. I brought cash in an envelope and had in in my carry on bag so that it never left my site. The prospective deal didn't work out on the 'cruiser, but I had planned to pay cash and then either arrange shipping ( about $1K) or drive it across country, depending on the outcome of an inspection. The owner of the FZJ wouldn't allow me to have a service station a half a mile away to inspect the vehicle, so I just walked away from it.

 

[FredCaulker]

You should contact any agent of the payment system where the funds were sent and show the operators a document confirming your identity, fill out a form in which you specify your data, as well as the sender's data, a unique code, there are several issues related to the money transfer process. So, do not worry, this money does not disappear, and after a certain period (about 30 days) your money transfers are returned to the point from which they came, and accordingly returned to the sender. Is it possible when money is sent in one currency and given in another. This situation occurs in Europe, where any transfers are issued only in euros. All loans from direct lenders can be transferred this way. Sometimes this happens in other countries, but such rules of the sender must be notified by the operators of the money transfer system.

 

[pluton]

... I got a tellers check from the lady behind the counter and he drove home in an FJ80 I have regretted selling ever since!

There is always a bit of regret involved when departing with a Land Cruiser.

 

[pluton]

The owner of the FZJ wouldn't allow me to have a service station a half a mile away to inspect the vehicle, so I just walked away from it.

Right move.