How do you pay?
Race Director
Joined: Aug 2011
Posts: 10,779
Likes: 491
From: Shits Creek NY
Hello, I have traveled with 16K flew in meet seller at airport, paid him and drove back home. I was nervous about doing that, when I landed I went to the mens room and stashed some money in my left sox some in my right sox and the rest in my pants lol.
Now I am considering buying a 02 Z06 from a guy in the Miami area. I would be having it shipped back to Chicago. My intention is to do this deal without seeing the car myself. I have contacted a forum member in the area who will be taking a look at the car for me and I may have a mechanic also take a look.
So any suggestions on how to pay the guy. So many sellers want cash.
Now I am considering buying a 02 Z06 from a guy in the Miami area. I would be having it shipped back to Chicago. My intention is to do this deal without seeing the car myself. I have contacted a forum member in the area who will be taking a look at the car for me and I may have a mechanic also take a look.
So any suggestions on how to pay the guy. So many sellers want cash.
Race Director
Joined: Apr 2005
Posts: 10,179
Likes: 2,306
From: Wesley Chapel, FL Las Vegas, NV
Go there make the deal. Go to the bank give the guy the $ and get the title then have the car shipped.
Sure have the forum member check it out to make sure it's worth the trip but do not buy sight unseen.
Race Director
Joined: Aug 2011
Posts: 10,779
Likes: 491
From: Shits Creek NY
Hello, I have traveled with 16K flew in meet seller at airport, paid him and drove back home. I was nervous about doing that, when I landed I went to the mens room and stashed some money in my left sox some in my right sox and the rest in my pants lol.
Now I am considering buying a 02 Z06 from a guy in the Miami area. I would be having it shipped back to Chicago. My intention is to do this deal without seeing the car myself. I have contacted a forum member in the area who will be taking a look at the car for me and I may have a mechanic also take a look.
So any suggestions on how to pay the guy. So many sellers want cash.
Now I am considering buying a 02 Z06 from a guy in the Miami area. I would be having it shipped back to Chicago. My intention is to do this deal without seeing the car myself. I have contacted a forum member in the area who will be taking a look at the car for me and I may have a mechanic also take a look.
So any suggestions on how to pay the guy. So many sellers want cash.
Thread Starter
Racer
Joined: Aug 2011
Posts: 297
Likes: 0
From: Sevierville TN
Whatever you do, don't fall for the stupid, "Oh the car is in a shipping container ready to ship to you if you are interested. Just give me the payment." 
or the famous, "Yeah, this is my buddy's car, he's going to Afghanistan to fight for his country so he asked me to sell it."
Amazing what scammers come up with these days.
When I got mine, I Carfax'd it, brought a certified check in the owner's name, met the actual owner of the car, test drove the car twice, made sure he had a title in hand. No wire transfer scammer BS for me.
or the famous, "Yeah, this is my buddy's car, he's going to Afghanistan to fight for his country so he asked me to sell it."
Amazing what scammers come up with these days.
When I got mine, I Carfax'd it, brought a certified check in the owner's name, met the actual owner of the car, test drove the car twice, made sure he had a title in hand. No wire transfer scammer BS for me.
Thread Starter
Racer
Joined: Aug 2011
Posts: 297
Likes: 0
From: Sevierville TN
I always close the deal at the bank... Usually I bring the seller to my bank when I get the check, then we go to theirs to deposit it and sign the title over, takes a bit of time, but makes both parties feel better, and gives me some extra time to get a feel for the previous owner of the car... Plus that way the whole transaction is on camera as well! Can never be too careful!
Sonny
Racer
Joined: Nov 2010
Posts: 397
Likes: 33
From: Campton Hills, Illinois
payment
Oh, I never thought I ws hijacking. I thought it was a general discussion about payments. I posted my past experience and then also asked a question.
Original Poster: My bad, sorry. This thread is informative though as usual of posts here on the forum, Thanks
Original Poster: My bad, sorry. This thread is informative though as usual of posts here on the forum, Thanks
Burning Brakes
Joined: Jun 2009
Posts: 787
Likes: 1
From: New Baltimore Michigan
But for me the seller was so nervous i sent him a copy of the cashiers check while waiting for him to get the the lein cleared he called 3 branches of my bank in the area to verify it was good and in the end he wanted me to bring cash
so back to the bank to get the cash (the bank told me that he call the branches)Steve
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Melting Slicks
Joined: Nov 2010
Posts: 2,436
Likes: 14
From: CT
That is exactly what i did last year when i bought my coupe. I took $1K in cash with me,gave the buyer $500 deposit, and came back the next morning with a cashiers check from my bank for the balance.
Drifting
Joined: Jun 2006
Posts: 1,302
Likes: 4
From: Palo Alto CA
The guy who bought my SRT8 paid cash. I thought he was crazy, but he met me at the bank and it all worked out. I also know a guy who bought a ZR1 with cash. I believe it was over $100K and he flew on a plane with the cash on him. I would never do that without a body guard!
Thread Starter
Racer
Joined: Aug 2011
Posts: 297
Likes: 0
From: Sevierville TN
Sonny
Instructor
Joined: Mar 2008
Posts: 129
Likes: 0
From: North Fontana California
Before I got into Corvettes, I was a Porsche Carrera 3.2 guy for many years. Purchased a car from a guy in Valejo up in Northern Cal I live in Southern Cal. Checked out the car agreed on a price point and had the money wired in to his account. Everyone felt safe and secure in the transaction. Just watch your back brother lots of scammers out there. Take a friend and never ever carry that much cash. Just my 2 cents.
Safety Car
Joined: Sep 2005
Posts: 4,060
Likes: 102
From: Southeast, Tennessee
St. Jude Donor '09 thru '26
bring a couple of hundred dollars for a deposit, (good faith), then get a bank check or arrange a wire transfer into the seller's designated bank account. the seller should have no problem with either.
Instructor
Joined: Sep 2011
Posts: 109
Likes: 0
Just be advised, a cashiers check can be canceled. It is not a done deal! When I bought my car I was as worried about the dude that sold it to me as he was about me. He had me write on our sales agreement that I promised not to cancel the cashiers check. That got me wondering about him!
Also, if you are going to need a lot of cash and have time, call the bank up and tell them. They don't usually have $20k in $100 on a Saturday. That kind of cash will have to ordered by the bank to be delivered by Brinks, or whoever. Call 'em up two or 3 days prior for a hassle, maybe, free experience.
When I sold my Miata we had no problem at a BofA for under $10k, but more than that for the Vette would pose a problem.
That's just my experience and research of the local banks I deal with. YMMV. Good luck
Also, if you are going to need a lot of cash and have time, call the bank up and tell them. They don't usually have $20k in $100 on a Saturday. That kind of cash will have to ordered by the bank to be delivered by Brinks, or whoever. Call 'em up two or 3 days prior for a hassle, maybe, free experience.
When I sold my Miata we had no problem at a BofA for under $10k, but more than that for the Vette would pose a problem.
That's just my experience and research of the local banks I deal with. YMMV. Good luck
Last edited by red-in-la; Oct 11, 2011 at 10:25 PM.
Drifting
Joined: Jun 2006
Posts: 1,302
Likes: 4
From: Palo Alto CA
Just be advised, a cashiers check can be canceled. It is not a done deal! When I bought my car I was as worried about the dude that sold it to me as he was about me. He had me write on our sales agreement that I promised not to cancel the cashiers check. That got me wondering about him!
Also, if you are going to need a lot of cash and have time, call the bank up and tell them. They don't usually have $20k in $100 on a Saturday. That kind of cash will have to ordered by the bank to be delivered by Brinks, or whoever. Call 'em up two or 3 days prior for a hassle, maybe, free experience.
When I sold my Miata we had no problem at a BofA for under $10k, but more than that for the Vette would pose a problem.
That's just my experience and research of the local banks I deal with. YMMV. Good luck
Also, if you are going to need a lot of cash and have time, call the bank up and tell them. They don't usually have $20k in $100 on a Saturday. That kind of cash will have to ordered by the bank to be delivered by Brinks, or whoever. Call 'em up two or 3 days prior for a hassle, maybe, free experience.
When I sold my Miata we had no problem at a BofA for under $10k, but more than that for the Vette would pose a problem.
That's just my experience and research of the local banks I deal with. YMMV. Good luck
Safety Car
Joined: Aug 2007
Posts: 4,506
Likes: 0
From: This is not a Song, It's an Outburst: Or, The Establishment Blues; Sixto Diaz Rodriguez
I'd say cashiers check also. I flew from Mississippi to Ohio to pick up my Vette using a cashiers check, pretty smooth transaction. Me and the guy must have communicated for a couple of weeks, had phone numbers of each other, and residence addy's, so it went fine.