Straight cash homie
(Topic ID: 191198)
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I've a side question, what if you were buying or selling a car? That could be 10x the cost of a pinball machine.
I've never bought a car private sale because I was not sure how to protect in case it was a fake title or if the car was not paid off or some other detail.
Quoted from ReplayRyan:Cashier's check or wire transfer. Paypal to hold a deposit of a couple hundred.
Cash works if it's a smaller amount (<$10k), otherwise you draw flags trying to pull that much cash out of a bank unless you already have it, and it is risky for obvious reasons. I once bought a car for $35k cash from a private seller because the seller requested it (later found out why, tax reasons) and while we were there counting the money I couldn't help but think how easy it would be for them to rob me, even though everything checked out.
I was thinking about this, I have my mind to maybe buy a used Porsche 911 (maybe) and it could be more than twice that ammount. Of course the dealer is a safe alternate plus with CPO you get a long warranty, but I hear you pay an extra $6-8K more than a private seller transaction.
I think maybe the dealer could be worth the peace of mind to buy from, though I am loathe to give the dealer such extra money, but the peace of mind is worth something.
My concern is not so much getting robbed with cash, because obviously it would be a check, but being sure the seller is legit and has clean title etc.
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