Selling - okay to take a personal check?
Selling my Class A DP. Is it okay to take a personal check for the funds? I DO NOT transfer title until the funds clear. Thus if the check bounces then that's fraud, perhaps even grand theft au...
Forum Discussion
Every car I have bought in the past. I walk into a dealership, write a personal check and then drive a car away right then. Bought three used cars for my three boys this way. Just did another one this week.
The dealer told me that he would hold the title until my out of state personal check cleared. Then mail me the title. I drove away.
Everything we do has risk, but I don't see a negative to taking a personal check. Now if I did not get a good feel for the person, or got bad vibes - that's different.
I did some research and yes if they pass a bad check -it is grand theft auto, if they don't make good on the funds. Insurance covers scams and theft.
Again, not transferring the title, and keeping my own tags.
The dealer told me that he would hold the title until my out of state personal check cleared. Then mail me the title. I drove away.
Everything we do has risk, but I don't see a negative to taking a personal check. Now if I did not get a good feel for the person, or got bad vibes - that's different.
I did some research and yes if they pass a bad check -it is grand theft auto, if they don't make good on the funds. Insurance covers scams and theft.
Again, not transferring the title, and keeping my own tags.
