Selling a car safely private party
Ok so I have finally settled on a price, and I am getting rid of my Speed 3. The guy is 2 hours away. We have met and he seems legit. There are some circumstances making it difficult for one of us not to be taking a risk in this transaction. As soon as the car is sold, and the money hits my account I am using those funds to buy a new Focus. So I can't let him take delivery until the money is officially in my account. Also, I am in Outside Sales so I absolutely MUST have a car at all times, and I can't buy the new one until I get paid for mine.
However, he needs to be physically at his Credit Union (1 location) to start a wire. My bank (USAA = no physical branches) is telling me a wire xfer can take up to 24 hours. My suggestion was to wire me the funds on Monday, and as soon as they hit my account, he can come get the car or we can meet halfway. But of course his concern is letting go of the money with no collateral that I will actually show up with the car. Any signed forms we can fill out that will ease his mind if we go this route?
Any suggestions? And before you suggest Western Union, they want $700 for the transfer.
2007 MS3 Sport: Cosmic Blue For Sale!
Current mods: Cobb SRI, M3M Shifter Bushings
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