Cash only? Or is a check just fine?
July 13, 2012 6:02 PM Subscribe
Buying a used car. How do I handle the money aspect of it?
posted by Spyder's Game to travel & transportation (12 answers total) 5 users marked this as a favorite
When I go to purchase this used car, let's assume it's around 15k, how do I pay the person? I can't imagine that a check is going to be accepted as payment, and it really doesn't seem reasonable for me to show up with a silver briefcase handcuffed to my wrist and 15k in cash inside. So how do people do this? Wire transfer from the bank? That could get costly, I think.
Also, I'm curious. Will someone who is selling me a used car let me take the car for 4-5 hours for a vehicle inspection at my mechanic? What would you leave for collateral? Is this reasonable to expect someone to let me do this with their car?