I just purchased a Crossfire in Florida and asked the seller how payment was expected. The seller asked his bank and was told a cashiers check drawn on a US bank would suffice. I obtained the cashiers check and flew to Florida from Canada.

We went to the bank, the check was studied, the bill of sale was notarized by a bank officer and the title changed hands, easy as pie. Within the hour I was driving back to Canada.

However, I can see that a check drawn on a backwater financial institution may be suspect though.

When it comes down to it I guess a wire transfer or even travelers checks would suffice. Cashiers checks do not need to be declared at the US border like cash over $10,000 does unless it has been endorsed by the payee.

 

"CASH IS KING"...........just wish I had some. I'd come down there and scoop that baby up while you're all debating this. Remember the seller sets the rules and the first one to follow them gets the product.

 

thats not entirely true. i agree cash is king and he that has the cash sets the rules not the seller. if the seller doesnt want the cash thats offered someone else will

 

Much truth...

 

Most people have to take a loan to buy a car. This is the case with me. Michigan State University is a creditable establishment. I would have a BANK/Certified Cashier's Check that could be verified by your bank. I don't have this much CASH and my bank will not do an electronic transfer for a car that does not have a clear title. So we can't make a deal. Please no yelling and I don't need your advice!

 

Cash is king yes. But if the title isn't clear then a demand of cash is over the top. The banking institutions onboth ends will know better thanany individuauls, how to handle the transaction.

That said, if the seller demans cash, he is limiting his list of customers. However, it is HIS right to do so.

nuff said.

 

If possible Go with the buyer to his bank if there is a local one in your area. That way one could see the actual certified check transaction taking place. Thats how i have done all my automobile transactions. I have Bank of America so its easy to find a branch anywhere.

 

I drove to South Carolina last year January 8th in the snow with cash and a gun to pickup my 05 roadster had 60k miles paid 16grand seller didn't want a check.Then again can't blame them too nice of a car to get taken on.