Has anyone sold a used car lately?
I plan to sell a very nice used car in the next month or so and would greatly appreciate any tips you can provide! It should be an easy sale to the right party. I plan to list it on CL for more than $5k. I know that I'll have folks from Nigeria offerring to take it off my hands at more than full price and those attempting the usual CL/online scams. I won't be posting my phone number, home address, or email and will be meeting the parties at a public location near my home for viewing.
How do I protect myself from payment scams and wreckless drivers? I'm concerned about the following...
1) Personal safety during the transaction
2) payment scams (fake checks, counterfeit currency, wire fraud)
3) unlicensed and uninsured perspective buyers possibly wrecking the vehicle during the test drive
I was contemplating having the buyer pay in cash and present it at the bank for inspection, but $5k+ is a lot of cash. Unfortunately banks will not be responsible if they later find counterfeit in your deposit even if they accepted it. Banks are also not repsonsible for phony cashiers checks. Wiring money can be troublesome because you have to provide your bank account. Possibly I could have the bank set up a temporary account for this transaction only. Then I could transfer the money to a second acct once the funds have been verified.
Am I asking too much to take a copy of the license and insurance cards and verify insurance before allowing a test drive?
Thanks in advance,
Dick