Our police station has a designated spot in the parking lot for transactions. You might check to see if your closest police station has the same - I don’t think it’s unusual. I figure the police think it saves them time and trouble in the long run as the less-legitimate choose to cancel the deal rather than meet under surveillance.
Not really the main topic of this thread, but I think it is cool the police have started doing that, creating a safe space for online transactions and so forth…will deter those who aren’t legitimate, gotta hand it to them.
Cashier’s checks can be counterfeit, and the receiver may have less ability to tell if it is counterfeit since s/he may not be familiar with how a particular bank’s cashier’s check looks. Unless the check is verified by you at the issuing bank branch or made in your presence at the issuing bank (obviously requires a bank branch that is open), you cannot be sure that it is genuine.
The federal laws for money laundering require the reporting of cash transactions over $10K by banks and businesses. This alone would give me pause without the other elements.
I like this idea much better than cash.
I’m not an expert on counterfeit cash, the pens that test bills are not reliable with all counterfeits, and the above post about reporting cash transactions over $10,000 is a strong consideration.
If a legit buyer wants to view a car, they will be open to your schedule and willing to negotiate a convenient time and location. Anyone who won’t, don’t waste your time. A legit buyer isn’t going to bring that much cash onto a plane without questions from TSA. There are even laws about depositing more than $10K in cash.
This reeks of scam or someone needing attention.
Last time I bought a new car for cash the dealer required the sales rep to go with me to the bank for a check as well. It was a little funny since I’ve bought cars from them before and they never required that step (and they’ve been servicing my cars for 15 years). They must’ve had a bad experience to put that policy in place.
Is the buyer planning to drive the car back to Colorado? I would be worried about the safety of the transaction (So I would arrange to meet at a “safe” location) and the integrity of the cash, although using counterfeit cash to purchase a car would be pretty stupid.
Sounds fishy. How does the buyer know that the car will meet his expectations? So he’s willing to pay for airfare, sight unseen?
No.
If it sound too good to be true, it is.
I would only consider this if it were a very special or rare car. Otherwise it’s nuts.