Getting Scammed on the Payment
This is every seller’s first nightmare. That cashier’s check you accepted for payment turns out to be a forgery, a fact discovered only after several days – or weeks – have elapsed after you have given the buyer the car and title. Or, the escrow account selected by the buyer that you thought contained the payment turns out to be a fraud. Insisting on cash, therefore, is the best approach. Use a currency authentication pen to make sure that bills are not counterfeit.
For larger amounts, a cashier’s check drawn on a local bank and then verified and cashed at that financial institution before you hand over the title, keys, and car should also work. Never accept a personal check or agree to a time payment plan.
