? For those who have recently bought or sold a vehicle

Steve welder said
Since I might find myself in this exact position, could I just ask.... You met the buyer at his bank, he drew a bank check for the specific amount and you turned around and cashed it or I guess you could have opened your own account and deposited it
All this is such a headache for me, selling or buying. I give a guy in a private sale a bank check for 70 grand and walk away with only a title? Wait for three days until the seller says my check cleared and than take possession of the car
I could be buying a car across the country and while id fly drive sale to see it, im still uncomfortable
This is really screwing me up as im considering parting with the 69 and its a mid forty thousand dollar car and im still at a loss how do I do this transaction safely
Maybe an escrow account using a reputable attorney? I have no idea

Mine was a local transaction for a smaller amount. I sold our old Vette for $7k, the buyer wanted to write a check, so we met at his bank and his bank issued me the check. While we were at the bank, I paid the $5 to cash the check without having an account there. If it was a much larger amount, I'm not sure what I would have done. Maybe open an account there and then electronically transfer the cash to my personal bank, or have them wire transfer it. Once I had my cash I was on my way.