Selling a car to out of state buyer - S2KI Honda S2000 Forums

Go Back  S2KI Honda S2000 Forums > General Interest > Car Talk
Reload this Page >

Selling a car to out of state buyer

Notices
Car Talk Discussions and comparisions of cars of all makes and models.

Selling a car to out of state buyer

Old 08-08-2018, 01:33 PM
  #1  
Registered User
Thread Starter
 
IA-SteveB's Avatar
 
Join Date: May 2018
Posts: 412
Thanked 37 Times in 35 Posts
Default Selling a car to out of state buyer

Quick question. I sold a car (not the ones in my sig) to an out of state buyer on Ebay motors. It was paid for by a US Bank personal check and the funds have been in my account for 14 business days. There is a shipper coming to pick up the car this weekend. Since the check is cleared and the funds have been in my account for two weeks, there isn't any way this money can be taken back out, is there? I just want to make sure that once the car leaves and I mail the title to this person that a stop payment can't be applied to the funds. My bank told me that a cashier's check or personal check is safer than a wire transfer for transactions like this provided they can wait ten business days for the check to clear before taking possession of the car. Just seeing what you wise people think.
IA-SteveB is offline  
Old 08-09-2018, 04:00 AM
  #2  
 
mosesbotbol's Avatar
 
Join Date: Dec 2001
Location: Boston
Posts: 4,516
Thanked 23 Times in 18 Posts
Default

I can't imagine you have anything to worry about beyond any lemon laws if they are applicable in your state.
mosesbotbol is offline  
Old 08-09-2018, 06:12 AM
  #3  
Registered User
Thread Starter
 
IA-SteveB's Avatar
 
Join Date: May 2018
Posts: 412
Thanked 37 Times in 35 Posts
Default

Not sure about the lemon law but the bill of sale that is already signed states that the option for PPI was declined and that the vehicle is purchased as is with no warranty expressed or implied.
I get more worried about turning over a car and then somehow the money also disappears with all of the scams these days. It IS going to disappear when the 1978 280z in my neighborhood goes up for sale.
IA-SteveB is offline  
Old 08-09-2018, 06:44 AM
  #4  
Registered User
 
HawkeyeGeoff's Avatar
 
Join Date: Mar 2017
Location: Waterford, MI - America's High Five
Posts: 447
Thanked 34 Times in 31 Posts
Default

Originally Posted by IA-SteveB View Post
Not sure about the lemon law but the bill of sale that is already signed states that the option for PPI was declined and that the vehicle is purchased as is with no warranty expressed or implied.
I get more worried about turning over a car and then somehow the money also disappears with all of the scams these days. It IS going to disappear when the 1978 280z in my neighborhood goes up for sale.
If the money has been in your account for 14 days then you're in the clear. I'd proceed with confidence.
HawkeyeGeoff is offline  
The Following User Says Thank You to HawkeyeGeoff For This Useful Post:
IA-SteveB (08-09-2018)
Old 08-09-2018, 07:52 AM
  #5  
 
Join Date: Apr 2006
Posts: 6,297
Thanked 53 Times in 43 Posts
Default

If the money shows as posted and not pending, you should be good to go. All refunds at this point will need some kind of authorization by you. For peace of mind I'd call my bank just to double check, but if its posted I'd proceed. Heck if you are extra paranoid you could move it into another account or your savings, so it would he under a different account number than the one you gave for the transaction.
TheDonEffect is offline  
Old 08-09-2018, 08:14 AM
  #6  
Registered User
 
Join Date: Jul 2018
Posts: 149
Thanks: 0
Thanked 7 Times in 7 Posts
Default

Even if it has "posted" to your account, you need to specifically ask your bank if they have received the money from the other bank. Sometimes you can make a deposit and it shows as posted; this is simply a courtesy by your bank because it does take a few days to actually post. That being said - 14 days later there is little to no risk.
Euro_Ricer is offline  
Old 08-09-2018, 09:15 AM
  #7  
 
Join Date: Jun 2005
Posts: 198
Thanks: 0
Thanked 14 Times in 12 Posts
Default

Move it out of that account into a different one if you're worried.
RobM is offline  
Old 08-09-2018, 09:17 AM
  #8  
Registered User
 
Join Date: Jul 2018
Posts: 149
Thanks: 0
Thanked 7 Times in 7 Posts
Default

Originally Posted by RobM View Post
Move it out of that account into a different one if you're worried.
the bank would still just deduct it and put that account into a negative balance.... but after 14 days - should be fine.
Euro_Ricer is offline  
Old 08-09-2018, 09:17 AM
  #9  
Registered User
 
Join Date: Jul 2018
Posts: 149
Thanks: 0
Thanked 7 Times in 7 Posts
Default

Also - it is kind of weird to not send certified funds....
Euro_Ricer is offline  
Old 08-09-2018, 01:35 PM
  #10  
 
mosesbotbol's Avatar
 
Join Date: Dec 2001
Location: Boston
Posts: 4,516
Thanked 23 Times in 18 Posts
Default

Originally Posted by IA-SteveB View Post
Not sure about the lemon law but the bill of sale that is already signed states that the option for PPI was declined and that the vehicle is purchased as is with no warranty expressed or implied.
It doesn't matter what's stated in the contract; state lemon law if you have one in your state is still the law. If the car is solid and you're shipping it out of state, you are unlikely to be on the hook unless shipping it back costs less than the repairs.
mosesbotbol is offline  

Quick Reply: Selling a car to out of state buyer


Contact Us Archive Advertising Cookie Policy Privacy Statement Terms of Service

© 2018 MH Sub I, LLC dba Internet Brands