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Question about selling my car/buying my truck.

Discussion in 'Off-Topic Discussion' started by TacomaPrime, Jun 1, 2011.

  1. Jun 1, 2011 at 11:59 AM
    #1
    TacomaPrime

    TacomaPrime [OP] Cybertronian Tacoma

    Joined:
    May 20, 2011
    Member:
    #56955
    Messages:
    1,656
    Gender:
    Male
    First Name:
    Greg
    Illinois
    Vehicle:
    05 Prerunner SR5 TRD off road
    So I paid off my car last week and am just waiting for the title to show up to me. Meanwhile, I have a buyer for it. I am selling it and paying cash for the 05 tacoma I am getting.

    Here's my question. The person buying my WRX is flying to Illinois from California, then driving the car back. He is bringing a cashiers check that his credit union is giving him from getting the loan to buy my car. I was going to take it to my bank, have them call to verify that it is a valid check, then take the guy to the dmv branch so he can get temp plates to drive it back.

    My bank said they would probably put a 5 day hold on the check just to make sure it clears.

    My question is this, do I give him the title when he pays me for the car, or hold onto it until the hold from the bank is over, and then just next day air it to him in the mail?

    Not sure how to handle the situation as this is my first time selling a car privately. I have talked to the guy quite a bit and I don't think he would try to screw me by stopping payment on the cashiers check, in fact he said he was more then willing to have me call the bank that gives him the cashiers check. He would do the same thing.

    Any advice? someone told me to have him wire transfer the money to my account.
     
  2. Jun 1, 2011 at 12:04 PM
    #2
    dan0

    dan0 Well-Known Member

    Joined:
    Mar 7, 2011
    Member:
    #52533
    Messages:
    1,362
    Gender:
    Male
    swamplands of sc
    Vehicle:
    Sold 2011 Prerunner Doublecab 4cyl auto
    either hold the title until the check clears
    or have him wire the funds in
     
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