Question about selling a tractor

[hornett22]

Trailer it to their bank so when they give you the cashiers check you turn around and cash it....

I'd try cashing it before unloading it.

 

[gstrom99]

I went with a consignment/dealer when I sold my sports car. I was OK with paying their (considerable) commission $. If you're worried, and that's an option for a tractor (?), use them.

 

[rScotty]

I sold an old Hot Rod a few years ago for $7k. Guy brought Seventy $100 bills. I brought a counterfeit detector pen and tested every bill. I explained to the guy that I had gotten counterfeit bills in my garage sale before moving and wanted to be sure that didn’t happen again. He had absolutely no problem with me checking.

One other thing. These are weird times, and if I was getting cash that totaled over $10k, I’d advise the bank I was coming, have a bill of sale, contact local law enforcement that you were going to receive the specified amount and advise them that you would be taking it to the bank. Last thing you want is having a Local Yokel pulling you over and confiscating the cash since it’s over $10k.

 

[grsthegreat]

i sold a horse trailer and had the guy meet me at his bank, got money from his bank in form of cashiers check. no worries that way.

i would not trust any other way

 

[seville009]

I sold a bunch if equipment over the past few years. It was surprising how much cash people have on hand. Sold an excavator for $16k; he brought a stack of various denominations.

I think alot of folks don’t trust banks, so prefer to keep their money in cash.


Can also use Venmo, Zelle, etc.

As long as they are local (or accessible) and you have their personal information, you should be fine.

 

[grsthegreat]

i sold a generator to a customer that gave me a banded stack of 100's ($10,000). all new bills. Had me nervous cause i didnt know if they came from government printing press...or his own.

i took a few random bills to my bank and deposited them. they ran them thru bill counter (which checks for fake bills) and all was good. its really hard to get rid of 10 grand in cash. i dont like dealing in cash. But i claim ALL sales on my taxes, incl cash ones. i never know when someone is going to 1099 me, and im not willing to risk hiding cash. Besides, this was when i wanted my company to show large profits. years ago i started taking credit cards using paypal credit card scanner. made life way easier. no cash to deal with, no having to go to bank to deposit check, no losing checks ( I once lost a check for $35,000 made out to my company. fell out of truck in bank parking lot. got inside bank, could not find check. A nice person returned check to my bank the next day. Saved my butt from looking like a fool and having to have a guy cancel and reissue a check).

I still like and trust my bank. been with them 29 years. If i was selling something that doesnt have a title like a tractor, i would definitely want a 3rd party involved. i dont trust bank checks or money orders UNLESS im at the bank or post office when its being printed. those things are faked so many times. heck, now days i hardly trust printed large bills.

 

[nova3930]

I'd try cashing it before unloading it.

Exactly. I should have made that clear. The bank hands over cash before you unload.

 

[groundcover]

Surprised no one has offered to buy it and have their driver pick it up after they routed the funds to your account (just supply your bank account numbers )!

 

[kenmac]

sold a car to a guy from out of state long ago before the pens were made to detect bad money. 19K in cash he brought from Bute Montana to Al.

 

[LouNY]

I use a personal check often, I'll even accept local drawn ones.
I expect the equipment to stay at the sellers for a couple of days.









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