Some questions on car payment

USA Finance, Investments and Taxes
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VM2010
Posts: 2
Joined: Tue Jul 06, 2010 8:30 pm

Some questions on car payment

Post by VM2010 »

Mods: If this is not the correct section to post this question then please move it to the correct one.

I am in the process of selling my car, Honda Accord. I am hoping to get at least $11,500 for it. I am not comfortable with accepting this much amount in cash. What would be the safest mode of payment. Personal check is certainly out of question. I would appreciate if you guys can share your experiences in detail.
rigmarole
Posts: 267
Joined: Sat Jan 24, 2009 12:20 pm

Some questions on car payment

Post by rigmarole »

I took the personal check and waited for it to clear before giving the car. I did give a receipt for the amount I got from my buyer meanwhile.

Alternatively, you can get it wire transferred to your account or a cashier check. These may involve additional charge but a lot safer.

VM2010;311315Mods: If this is not the correct section to post this question then please move it to the correct one.

I am in the process of selling my car, Honda Accord. I am hoping to get at least $11,500 for it. I am not comfortable with accepting this much amount in cash. What would be the safest mode of payment. Personal check is certainly out of question. I would appreciate if you guys can share your experiences in detail.
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