Hi Folks,
For the first time, I've decided to sell my car privately as opposed to trading it in for my new Tesla. I have a potential buyer who has offered my asking price, and I want to make sure that I don't get scammed in some way. I owe some on this current car, and he has proposed to pay the rest of the loan as well as my portion with bank drafts. We would meet at my personal bank first to deposit my half, and then head to the bank with my auto loan to pay the rest off there and finalize the deal. I've read some horror stories of fraudulent bank drafts and want to hear from some recommendations from experienced sellers.
Thanks!
For the first time, I've decided to sell my car privately as opposed to trading it in for my new Tesla. I have a potential buyer who has offered my asking price, and I want to make sure that I don't get scammed in some way. I owe some on this current car, and he has proposed to pay the rest of the loan as well as my portion with bank drafts. We would meet at my personal bank first to deposit my half, and then head to the bank with my auto loan to pay the rest off there and finalize the deal. I've read some horror stories of fraudulent bank drafts and want to hear from some recommendations from experienced sellers.
Thanks!