Question about selling a trike

[vam55tg]

I'm not really sure where to post this, so hopefully it's okay if I post it here.

I need to sell my tri-glide, but I'm really not sure how to do it. I've considered craigslist and forums, but generally when I've sold something using those it's been relatively low dollar amounts...2 to 3 thousand.

How do you make sure you're not getting ripped off by somebody when you sell it, and to that end, I figure most people aren't going to want to carry around that much cash. So it's a combination of not wanting to get ripped off by somebody using fake checks / etc, and not getting robbed.

Meet them at a bank to do the transaction?

Any thoughts or help would be appreciated.

[gerald martin]

You are kidding are you not? Every one knows to get a money order or a bank draft which is the same as cash but can only be cashed by you

[FuzzyWuzHe]

If they are honest, they will be glad to meet you at the bank. I've known people who have held the title till a check clears, but then the buyer is taking a chance on you not signing afterwards.

Surely we have a lawyer in the forum that can chime in about what would work for both you and the buyer.

[keepinon]

When I bought my trike, we settled on a price, I got a cashiers check from my bank, met him ar his bank so they could verify the check, and we did the title work there.

I followed him to his home, and rode my new-to-me trike to it's new home.

I have, in the past, paid cash for a vehicle, to the owner at his bank, so he could pay it off and give me the title. In just a few weeks, I got a letter from the IRS that said they were investigating the transaction. Fools only had to look as far as my bank to see the cash withdrawal, (seller specified cash) but they like to be "in control" of every one's money.

[Rollin Thunder]

When I sold my Bike we met at my bank and when his check cleared he got the keys. Took about 40 mins.

[vam55tg]

Thanks for the replies. I guess I'll go ahead and get it listed out in a few places, and see what happens.

Thanks for the input.

[Gorilla]

Thanks for the replies. I guess I'll go ahead and get it listed out in a few places, and see what happens.

Thanks for the input.

Things to be aware of. Yes Money Orders and Cashiers Checks are like cash, but they can be fake. I have even investigated someone taking a cashiers check took it to a bank. They said it was good but it bounced a couple of days later when the bank it was wrote on said it was fake. So be careful. I have sold and bought several bikes on E-Bay. Most of the time it was cash when they came to pick it up or we worked out away that seemed to take most of the risk out of it. The safest way maybe a direct wire transfer between the two banks with the bank reps talking to each other. I did that once and it worked out well.

[KJB]

I just purchased some real estate in FL. The title company that handled the close said the only thing they accept for closing is a direct wire transfer from my bank to theirs. They said fraudulent bank checks are a big problem.

[Sloride]

Things to be aware of. Yes Money Orders and Cashiers Checks are like cash, but they can be fake. I have even investigated someone taking a cashiers check took it to a bank. They said it was good but it bounced a couple of days later when the bank it was wrote on said it was fake. So be careful. I have sold and bought several bikes on E-Bay. Most of the time it was cash when they came to pick it up or we worked out away that seemed to take most of the risk out of it. The safest way maybe a direct wire transfer between the two banks with the bank reps talking to each other. I did that once and it worked out well.

Be very wary of Money Orders and Cashiers Checks. With the Reprographic capabilities for home users these days, a whole new scam industry has developed using fake Money Orders and Cashiers Checks.

Cash or Bank Wire transfers are the safest