Selling an RV/payment
I will be selling my RV a few months later and need to understand how I can safely receive a payment. I want to sell to a private party. It's going to be selling for 40-45K. Receiving bank wire won'...
Forum Discussion
LouLawrence wrote:
Bought a used Prevost a few years back. Transferred over $100,000 from my brokerage to checking. A week or so later went to the bank and got a cashiers check made out to the seller(dealer). If someone wanted to rob me they would have gotten a worthless check since it was made out to the seller already. None of these transactions created any kind of IRS/Government related intervention. It's just business as usual for the bank, the consumer and the dealer.
Those that choose to deal in cash only for very large transactions are going to find it difficult trying to make it a smooth and easy transaction.
Did similar on the last new car we bought. I wrote out a personal check to the dealer post dated by 5 days and agreed on the date they would deposit the check. Drove the new car home, did an ACH transfer from my brokerage account to checking, 2 days for money to move to checking.
easy peasy,
