Join Date: Jul 2012
Location: Frederick County, Maryland
Thanked 94 Times in 62 Posts
You're welcome, Nde.
This has worked for me, both as a seller and as a buyer...
Many people don't carry a lot of cash, and may prefer not to receive it either. On one transaction, I offered to write a personal check to the seller if the seller would sign a bill of sale and give it to me. The seller walks away with a check, keeping his bike and title. I walk away with a binding contract making me the bike's owner if I make payment (i.e. check clears the bank).
Several days later, the check clears the seller's bank, making me the lawful owner of the bike (i.e. the terms of the bill of sale or "contract" are now complete). I then travel to the seller's home and pick up the bike and title.
I might not use this arrangement with an agreed meeting location, but rather at the bike owner's residence. I'll make a quick check of public records on the Internet to ensure the home/vehicle owner has been around for a while and doesn't appear to be leaving any time soon.
A few weeks ago, I sold my daughter's CRF70F, which I had bought two years ago using the method described above. Unexpectedly, the buyer showed up with all of the cash in hand. He departed with the bike and the title. I prefer the check method, but cash is good. Fortunately, my wife and I are trained to spot counterfeit currency.
2012 Honda CBR250R (7/2012 to 10/2013)