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Out of state sale
Hello,
Can I ask for an opinion about an out of state sale? I am new to selling cars out of state and my main concern is making sure the exchange isn't fraudulent.
I got an offer this morning for $11.5K from a buyer in Massachusetts for my car (Ford Mustang convertible 2011 with low mileage).
$11.5K seems like an okay price to me since I haven't gotten any other offers except from a dealer who offered $8.9K.
From what I can tell from reading online articles, the main problem for the seller is ensuring the cashier's check is good.
The buyer said he wanted two things before he would send a cashier's check: a photocopy of the title (pink slip) and a bill of sale. When he receives those, he said he would send a cashier's check. He also said he is willing to wait to pick up the car (by a transport company) until the cashier's check clears my bank.
Even though I would have possession of the car till the check cleared, I am concerned that sending the bill of sale before the check clears would obligate me to release the vehicle even if the check isn't right. Escrow services are available for out of state car sales, and if this plan sounds wonky, I wondered if a service like that would be better?
I've spent hours reading online articles and haven't come across a situation like this. If anyone could recommend a resource for finding out more about it that would be great.
I would appreciate help more than I can say. If anyone wouldn't mind sparing the time to reply I would be glad of any advice.
Can I ask for an opinion about an out of state sale? I am new to selling cars out of state and my main concern is making sure the exchange isn't fraudulent.
I got an offer this morning for $11.5K from a buyer in Massachusetts for my car (Ford Mustang convertible 2011 with low mileage).
$11.5K seems like an okay price to me since I haven't gotten any other offers except from a dealer who offered $8.9K.
From what I can tell from reading online articles, the main problem for the seller is ensuring the cashier's check is good.
The buyer said he wanted two things before he would send a cashier's check: a photocopy of the title (pink slip) and a bill of sale. When he receives those, he said he would send a cashier's check. He also said he is willing to wait to pick up the car (by a transport company) until the cashier's check clears my bank.
Even though I would have possession of the car till the check cleared, I am concerned that sending the bill of sale before the check clears would obligate me to release the vehicle even if the check isn't right. Escrow services are available for out of state car sales, and if this plan sounds wonky, I wondered if a service like that would be better?
I've spent hours reading online articles and haven't come across a situation like this. If anyone could recommend a resource for finding out more about it that would be great.
I would appreciate help more than I can say. If anyone wouldn't mind sparing the time to reply I would be glad of any advice.
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Answers
You live in the biggest car market in the world... take some time and sell it local.
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