Best way to get paid for selling RV?

[joebedford]

A lot of cash doesn't seem like a good idea. Certified checks can be forged.

Wire transfer?

[Jack_Spratt]

I accepted a large bank check after verifying it with the issuing bank.
Also verified that the buyer had 11 years on the job and owned his own home.
Some of the scammers tip their hand early on.

[time2roll]

Cash is fine up to maybe $10k. Above that a wire transfer is probably best.

[Nv_Guy]

When I bought a truck a bit ago, the seller wanted cash, Ok, we went to my bank, they didn't have $40K cash on hand (said I had to "order" it ahead of time) so he accepted a wire transfer.

[old_guy]

I bought a used montana and the title holder was a credit union. I went to my bank got a cashiers check, met the owners at his credit union they verified the check and handed me the keys and title, went to the guys house and hooked up. it all went smooth as glass

[lj2654]

I was lucky and banked with the same bank as the sellers. They wanted some cash and rest in their account. We met at their bank, got cash from my account, and transferred rest to theirs with a bank employee. They notarized a bill of sale for us. We followed them back to RV and drove off.

[2oldman]

sayoung wrote:

joebedford wrote:
Maybe $50,000

I will only take CASH

I think 50k cash is a bit over the top.

[sayoung]

joebedford wrote:
Maybe $50,000

I will only take CASH & have bought and sold everything from boats, rv's, airplanes, & farm equipment.
I bought a tractor & equipment this summer from a guy that while I was looking it over kept emphizising CASH only. I call him back & said Iwant it and will be there next day to pickup. Again the cash statement. I bring him $22k in a bag, he had a fit cause it wasn't a cashiers cheque . I replied, " you said cash ". I gave my bank a letter with description & serial # of what I was buying to keep the gestapo happy.when I cashed my check.

[2oldman]

Heck even a personal check is ok as long as you both wait until it clears.

[moe_f]

Went to my bank, buyer counted out the money in front of teller, teller counted the money and deposited into my account.

[ScottG]

The best way is a cash transaction at your bank. Let them count it.

[jkwilson]

ItsyRV wrote:

joshuajim wrote:
Even if done at the buyers bank, a cashiers check is suspect. Buyer goes to teller and gets a $100 cashiers check. Palms it and then comes to you and hands you a phony check for $50K. Wire transfer ONLY!

Except you give them the full payee name for the check at the bank, not before. How are they going to fake a check with the specific name you just gave them walking from the teller to you in the bank?

Just ask them how they want the check made out before you go. A bank check is no more secure than a personal check.

[Tom_Barb]

Our coach was delivered to our bank, we simply transferred to Money to the sellers using their bank account numbers, the seller had the money almost immediately.
They unhooked their towed, we hooked ours up, we drove the coach home.

[ItsyRV]

joshuajim wrote:
Even if done at the buyers bank, a cashiers check is suspect. Buyer goes to teller and gets a $100 cashiers check. Palms it and then comes to you and hands you a phony check for $50K. Wire transfer ONLY!

Except you give them the full payee name for the check at the bank, not before. How are they going to fake a check with the specific name you just gave them walking from the teller to you in the bank?

[Bird_Freak]

I have been buying and selling classic cars for years. I always use bank to bank transfers with never a problem. When my banker tells me the funds are in my account you can have the car, period.
I have had a couple of folks try to pass off fake certified checks in the past.

[2oldman]

and please don't say you don't want to give someone your bank account number for a wire transfer. That's perinoid.