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J
Bit the bullet and selling my car...
and I'm doing it myself/privately. It's more work than going through a dealer but I'll get to keep more and that is what matters to me. The fact that used car prices are high and values have been maintained is the main reason I'm doing this - timing is good for me. But question for you all: what is the best and most secure way to receive a large sum of money when I do end up selling my car?
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Cashier's check or wire transfer. If you get a cashier's check go with the person to their bank to make sure it's real! Cash doesn't seem right or secure for a car purchase :)
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I
Wire transfer is the only safe option. You should set up an account to receive the money, then transfer it into your savings.
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T
Any time we've done large transactions we meet at their bank if they are buying or we meet at our bank if we're buying. Just don't accept a private check and if you do cashier's you have to see their bank issuing it.
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J
OK this is great and helpful stuff!
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