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Old 05-22-2013, 07:02 AM   #11
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If they can make it to a bank to get a cashier's check, they can get cash. Do the transaction at the DMV. You want to get it out of your name as soon as possible.
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Old 05-22-2013, 07:04 AM   #12
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When I sold mine, I held the camper until the check cleared. I really didn't expect a problem, the camper was going to a oil drilling company. But it is always better to be safe.
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Old 05-22-2013, 09:37 AM   #13
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A cashiers check is what I would want. Make sure they know that before they make the trip.
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Old 05-22-2013, 09:48 AM   #14
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The only way I would take a cashiers check is if I was at the bank and watched it issued. Way to many fake cashiers checks out there and there is almost no recourse if you get a bad check and the RV is gone.

At my house cash is king. And those who say they would be suspicious of a guy with $9k cash, well a couple days ago I sold a '64 Impala for $21.5 cash. If you tell the buyer it a cash deal then why be suspicious if they show up with cash.

Lastly you have to keep your wits when selling. Make sure things look right, the buyer is asking genuine questions and not just looking to take your valuable item and give you a worthless cashiers check or fake cash.
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Old 05-22-2013, 10:01 AM   #15
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You can buy a special marker at office supply stores to check for counterfeit bill....the same markers the banks use.
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Old 05-22-2013, 10:02 AM   #16
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A certified check is the best check form to accept if you need to. These checks are guaranteed by the holding bank since the funds are isolated for the exact amount of the check. Many times it is a personal check that is printed over by the issued bank. The local branch contact information which certified it should be listed for verification purposes. There is a fee to do this, but it is guaranteed payment. Also you should draft a basic sales document which states the words "sold as is with no warranty". If you are in a title state then that will also need to be signed over upon funds being transferred.

Another option is to have the funds wired into your account. Depending on the sales price I might even split it with the buyer just on good faith and meeting my criteria to cover both of us. There also would possibly be a notary on hand should you want anything officiated in document form like the sales agreement. Weekends might be tough in a bank if the workforce is lite.

Cash is always great, but agree with the statements above with confirming. You can buy a currency verification pen in most office supply stores.
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Old 05-22-2013, 12:29 PM   #17
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I meet at my bank.
I have the bank verify cash or cashiers check. No personal checks.
Once the funds are verified by my bank or theirs, we notarize the title at the bank into their name.'
Once notarized into their name, you are off the title.

That's just the way I do business. Never had a problem.

JMHO,
Doug
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Old 05-22-2013, 06:26 PM   #18
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Re: Best way to accept payment for RV from stranger?

Quote:
Originally Posted by dougtoms01 View Post
I meet at my bank.
I have the bank verify cash or cashiers check. No personal checks.
Once the funds are verified by my bank or theirs, we notarize the title at the bank into their name.'
Once notarized into their name, you are off the title.

That's just the way I do business. Never had a problem.

JMHO,
Doug
We did the same thing when we sold our popup. Takes much of the risk off of you and wanting to meet at the bank to sign over the title will usually weed out any scammers. Its a bit more to coordinate but well worth it IMHO.

Best of luck!!
Greg
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Old 05-22-2013, 08:46 PM   #19
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Originally Posted by Threebutchers View Post
Been awhile....but I've purchased and sold cars with PayPal....I checked and they do not charge a fee

https://www.paypal.com/webapps/mpp/make-online-payments
From your own link:

When you make a payment, no matter how you choose to pay, we don't charge you a transaction fee. It’s that simple. The recipient pays a small fee to securely handle your payment.
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Old 05-22-2013, 09:07 PM   #20
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Originally Posted by Snake Plissken View Post
The recipient pays a small fee to securely handle your payment.
Thanks for pointing that out....the large print is deceptive
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