gary clinton
Member
Hi thinking of buying car from A/B only what is the best way of sending payment? when should i ask 4 title any other suggestion will be appreciated
Protection did a wire transfer once and didn't go so good I only do Paypal or personnel check waiting till it clears -- yes there are protections with a personnel check I expect to be trusted just as much as the sellerI only buy cars with cash in person or if they have been inspected with a bank transfer between accounts. Won't do it any other way...
didn't know there was a difference can you dispute or call back funds using a bank transfer didn't know about the 1099 technically if we sell several items for a profit wouldn't that be considered a business tax man wants every penny they can getI did not say wire transfer, I said bank transfer, big difference! Everyone is getting a 1099 from Paypal now, I am slowing down my dealings with Paypal, and if you do a large transaction, such as a vehicle, then you will owe more in taxes at the end of the year! I buy a sell a lot of cars, and only do to the two I said above now...
Once you Wire Funds they are gone. Unless for some odd reason the receiving bank kicks them. Like the wiring instructions wheredidn't know there was a difference can you dispute or call back funds using a bank transfer didn't know about the 1099 technically if we sell several items for a profit wouldn't that be considered a business tax man wants every penny they can get
have sold several cars this way usually someone comes in there are several honest appraisers out there they appraise the car report to the customer if a price is agreed on then they gave their bank info to my bank and my bank gives their bank my account info and they transfer the money to my account very safe way to purchase a car especially if the customer wants to be safe in their purchase hope this helpsdidn't know there was a difference can you dispute or call back funds using a bank transfer didn't know about the 1099 technically if we sell several items for a profit wouldn't that be considered a business tax man wants every penny they can get
if you transfer between banks only the banks knowSee when you place a wire the money actually goes through the Federal Reserve then to the receiving bank.
i just handed the title to carrier driver per customer instructionI agree with above. Check, when it clears, send title. Then the truck can pick it up!
Sometimes the buyer/trucker will want the title with the car.