How do you pay?
Thread Starter
Racer
Joined: Aug 2011
Posts: 297
Likes: 0
From: Sevierville TN
How do you pay?
As I draw ever nearer to the day I can purchase a C5, something occurred to me. I have never bought anything for more than $4000 from a private party where I just carried the cash with me and did the deal.
Now that I'm looking at paying cash for something around $20K, I'm rather naive of the procedure for pulling that off. When I go, maybe, 60-100 miles to view a car that has the potential to be "the one", do I stash a wad of bills on me somewhere, in a briefcase, hire a bodyguard...;-)
Most guys want cash don't they? How do y'all deal with that?
Sonny
Now that I'm looking at paying cash for something around $20K, I'm rather naive of the procedure for pulling that off. When I go, maybe, 60-100 miles to view a car that has the potential to be "the one", do I stash a wad of bills on me somewhere, in a briefcase, hire a bodyguard...;-)
Most guys want cash don't they? How do y'all deal with that?
Sonny
Burning Brakes
Joined: Nov 2008
Posts: 998
Likes: 0
this is one of the reasons i still deal with a national bank. i just get money orders or have them follow me to the bank to get the money. do not carry that much money around with you man. if they truely want to sell the car they would care enough to follow you to the bank to get cash or a cashiers check. if you carry around 20k in cash, i am coming to rob you. lol
Melting Slicks
Joined: Mar 2008
Posts: 3,328
Likes: 40
From: Orangevale California
St. Jude Donor '10
I had the money in my Wells Fargo account.
Looked at the car, my offer was accepted and we went to a Wells Fargo in his town to get a Cashiers Check.
Sellers should have no problem when they get a cashiers check from a bank.
Looked at the car, my offer was accepted and we went to a Wells Fargo in his town to get a Cashiers Check.
Sellers should have no problem when they get a cashiers check from a bank.
Thread Starter
Racer
Joined: Aug 2011
Posts: 297
Likes: 0
From: Sevierville TN
It had better be worth it!
Sonny
Corvette Stories
The Best of Corvette for Corvette Enthusiasts
Top 10 Most Explosive Corvettes Ever Made: Power-to-Weight Ratio Ranked!
Joe Kucinski
150 hp to 1,250 hp: Every Corvette Generation Compared by the Specs That Matter
Joe Kucinski
8 Coolest Corvette Pace Cars (and Replicas) of All Time
Verdad Gallardo
Top 10 Corvette Engines RANKED by Peak Torque (70+ Years of Muscle!)
Joe Kucinski
Corvette ZR1X Will Be Pacing the Indy 500, And Could Probably Race, Too!
Verdad Gallardo
Top 10 Corvettes Coming to Mecum Indy 2026!
Brett Foote
Top 10 C9 Corvette MUST-HAVES to Fix These C8 Generation Flaws!
Michael S. Palmer
10 Revolutionary 'Corvette Firsts' Most People Don't Know
Joe Kucinski
5 Reasons to Upgrade to an LS6-Powered Corvette; 5 Reasons to Stay LT2
Michael S. Palmer
Burning Brakes
Joined: Nov 2008
Posts: 998
Likes: 0
.. lol
Le Mans Master
Joined: Jun 2008
Posts: 5,284
Likes: 235
From: Rockledge FL
Yeah but FBI stats say that over 90% of people with a CCW dont practice near enough to actually be effective. Seeing as how I have spent every day for the last 18 years working on a firing range. I would tend to agree. Stick with a cashiers check.
Burning Brakes
Joined: Apr 2010
Posts: 753
Likes: 0
From: Spring Hill TN
Do what I do check out the car, if you are going to purchase it both you and the seller go to the bank and have a cashiers check drafted to the seller. This way there is no fraud on either end.
Safety Car
Joined: Feb 2001
Posts: 3,725
Likes: 53
From: Warrington Pa.
Most national banks in my area have an office open on Sunday, even in a grocery stores. Just check the area that the car is in and see if they have a branch open on Sunday. As for a gun, I agree with baxsom leave it home I have a CCW and shoot two times a week and still would get a check..... Good luck on your future purchase.
Safety Car
Joined: Apr 2004
Posts: 3,532
Likes: 79
From: pueblo co
make a day drive down there to look at it...drive it and what ever..then if you can make a sick day or time off from work and go to the bank tell them what you are doing..and then buy the car..with a check from the bank...
Race Director
Joined: Jul 2008
Posts: 17,755
Likes: 3,688
From: The Sunshine State
2022 C5 of the Year Finalist - Modified
2021 C5 of the Year Finalist - Modified
C7 of the Year - Modified Finalist 2021
Finalist 2020 C7 of the Year -- Modified
2020 C5 of the Year Finalist - Modified
C5 of Year Finalist (appearance mods) 2019
2018 C5 of Year Finalist
I like cash, however as the seller, I would not trust the fact that the entire wad is authentic.
I agree about closing the deal at a local bank. As a seller, I would have no problem with that idea because that way I could immediately deposit the funds and/or confirm authenticity.
I agree about closing the deal at a local bank. As a seller, I would have no problem with that idea because that way I could immediately deposit the funds and/or confirm authenticity.
Administrator
Joined: Mar 2001
Posts: 368,037
Likes: 24,726
From: In a parallel universe. Currently own 2014 Stingray Coupe.
C7 of the Year - Modified Finalist 2021
MO Events Coordinator
St. Jude Co-Organizer
St. Jude Donor '03 thru '25
NCM Sinkhole Donor
CI 5, 8 & 11 Veteran
Just take enough cash with you on the initial visit to put a deposit down should you strike a deal to buy the car - say $500 or so.
Then once you get everything in order, take a cashiers check or have your bank wire transfer the money to the seller's bank.
Then once you get everything in order, take a cashiers check or have your bank wire transfer the money to the seller's bank.