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Cash or make him cash the check at his bank and hand you cash. As far as the title goes, it depends on your bank. If I need to sell my car, my credit union will ship my title to the local branch so it will be available for immediate sale.
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Originally posted by FASHEROriginally posted by kurious kat
If your buyer is paying with cash, and the bank that holds your title is local, I recommend settling the transaction at your bank. You get a lot of bang for you buck. You can:
--Deposit the loot (if you have luck like me, $5K is a lot of cash to have in your pocket)
--Pay off the loan on the spot.
--Immediately get your title in hand
--Then you can sign the title over to the buyer on the spot <----This is a BIG plus!! I passed on several good Katana deals because the seller was going to have to "mail me the title"
--If your bank has a notary on site, as many do. you may even be able to get a signature and/or stamp to notarize your bill of sale.
I'm with the others here, I'd do CASH only if possible. I guess you could take a check or money order, but the bike wouldn't move an inch until the payment cleared.
Good luck with your sale.
It's not speed that kills, it's the deceleration!
Experience is a hard teacher. She gives you the test first, and then teaches the lesson.
TXSBR.com Alais: TexasSportBikerComment
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Cash only - no exceptions - we're not talking 20k here97 Katana 600
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cash or cashiers checkWatch for your Guardian Angel
750 '04 Kat (blue)
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ca$h, it's WAY to easy to make a fake check.KLR 650, KLR 250, Beta TR 32 trials bike, Katana 600, BMW R65, Tundra V8 4x4Comment
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Cash is always king. You're big problem will be that you don't have the title -- personally, I would get the title cleared first (even if it means paying off the financing by floating it over to a credit card). No title = no sale if I'm the buyer -- I'm not willing to wait possibly months for your fianancier to get their ducks in order.
Cheers,
=-= The CyberPoetComment
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