View Full Version : Best Payment Method
ndbigfish
05-03-2011, 06:54 AM
I'm selling a Nomad. What is the best way to recieve payment for the bike; cash, cashier's check, money order, etc.? Any thoughts?
Look my ad over:
http://sanantonio.craigslist.org/mcy/2359320193.html
GIBBY
05-03-2011, 07:00 AM
Old Chinese Proverb "Cash talks, bull s**t walks"
jendesigner
05-03-2011, 07:13 AM
I bought mine last fall and paid with cash, handed over cash, he gave me the title and I took a test ride.
I do have a question for you, you have neck covers on yours, so they do make them? I have searched everywhere for them, they are not even listed on the micro fiche for the 2000. I do leather work as a hobby and was going to do something there but if I can find some that would be better for now.
ringadingh
05-03-2011, 07:56 AM
Theres nothing like receiving a pile of cash, its always been my favorite by a long shot.
ndbigfish
05-03-2011, 08:24 AM
I bought mine last fall and paid with cash, handed over cash, he gave me the title and I took a test ride.
I do have a question for you, you have neck covers on yours, so they do make them? I have searched everywhere for them, they are not even listed on the micro fiche for the 2000. I do leather work as a hobby and was going to do something there but if I can find some that would be better for now.
I bought the covers back in about 02 from Kawasaki as an accessory. They were a short run item. You don't see them often; I'ver only seen them on a couple of other 99's. I have never seen them offered for sale since or through any Ebay vendors. Hope you can find some covers and Good luck with your search.
You are safe accepting cash. There are impeccable imitation 'cashier' and 'certified' bank checks out there.
If you have to accept a check (out of state-out of country buyer) you should not deliver the bike for a minimum two weeks to allow the check to clear or bounce. If the buyer does not trust you to hold bike till check clears then you are not obligated to trust their check.
You can also ask the buyer to go with you to a bank, make the check out to himself and cash it and give you the cash. That will really flush out a scammer.
cactusjack
05-03-2011, 09:29 AM
Cash is king. If the buyer can write you a check (assuming it's good ::)) then he can pay you in cash just as easily.
deadant
05-03-2011, 09:35 AM
I recently tried selling my old truck online, and had a gentlemen contact me. He sent me a check for what I was asking, however said his "secretary" made a mistake and wrote the check out for $1600.00 more than my asking price. When I recieved the check I was to Western Union the overpayment to him. I trusted my instincts, I deposited the check into my account but told the guy it would take 10-14 days to clear the bank. Surprise, surprise the bank didn't clear. The internet is a great tool, there is just way to many jack *ssess out there. Cash is best and make them come to you in person to buy.
Top Cat
05-03-2011, 09:49 AM
Paypal is also an option.
carolinakid1
05-03-2011, 10:33 AM
Deadant, that is a classic scheme used by many.
Jared
05-03-2011, 10:42 AM
Cash, or have him go to your bank with you to make sure it clears his account.
tonik
05-03-2011, 11:24 AM
I do have a question for you, you have neck covers on yours, so they do make them? I have searched everywhere for them....
Here ya go, Show Chrome makes a set.
http://www.westendmotorsports.com/show-chrome-neck-covers-nomad-1600-p-8536.html
ndbigfish
05-03-2011, 12:11 PM
I think the set of covers were for a 1500.
jendesigner
05-03-2011, 01:39 PM
Yes, for a 2000 1500 (carbed version) no covers to be found, at least not yet.
billyboy
05-03-2011, 03:06 PM
I'm selling a Nomad. What is the best way to recieve payment for the bike; cash, cashier's check, money order, etc.? Any thoughts?
Look my ad over:
http://sanantonio.craigslist.org/mcy/2359320193.html
Cash is great, but even that could be suspect. When I sold my last bike, I met the buyer at his credit union and they cut the check for me and notarized the paperwork. You could do that at your bank or the buyer's. That's pretty much been my experience when privately selling or buying vehicles.
If you don't do it that way, I would definitely demand a waiting period for any check before allowing the buyer to take the bike.
billyboy
05-03-2011, 03:12 PM
I recently tried selling my old truck online, and had a gentlemen contact me. He sent me a check for what I was asking, however said his "secretary" made a mistake and wrote the check out for $1600.00 more than my asking price. When I recieved the check I was to Western Union the overpayment to him. I trusted my instincts, I deposited the check into my account but told the guy it would take 10-14 days to clear the bank. Surprise, surprise the bank didn't clear. The internet is a great tool, there is just way to many jack *ssess out there. Cash is best and make them come to you in person to buy.
I had that exact scenario happen to me when selling some furniture on Craig's List. I smelled a rat immediately when an out-of-state buyer wanted to buy my furniture sight unseen for more than I was asking. Also, he wanted to apply the overpayment to the shipping company that he said he owned. I asked why he would need to pay ANY shipping if he owned the company! Never heard from him again.
ringadingh
05-03-2011, 05:03 PM
I recently tried selling my old truck online, and had a gentlemen contact me. He sent me a check for what I was asking, however said his "secretary" made a mistake and wrote the check out for $1600.00 more than my asking price. When I recieved the check I was to Western Union the overpayment to him. I trusted my instincts, I deposited the check into my account but told the guy it would take 10-14 days to clear the bank. Surprise, surprise the bank didn't clear. The internet is a great tool, there is just way to many jack *ssess out there. Cash is best and make them come to you in person to buy.
I had a guy want to buy the Tour Pak I was selling using the very same method. I told him to meet me in person with cash. I never heard any more from him. Its a well known scam.
jmax5105
05-03-2011, 09:45 PM
I've had really good luck with PayPal if it's a buyer out of your area. Other than cash, that's probably the only other way I would go.
AlabamaNomadRider
05-03-2011, 09:52 PM
Cash or open a Paypal account and let them pay that way.
ringadingh
05-04-2011, 08:25 AM
The only thing about Paypal is that it costs the seller 3% of the amount. That can add up on some items pretty good. And when they convert from US $ to Canadian there is a couple points taken for that service as well.
I have used PayPal for the purpose of putting down a deposit (as a buyer and as a seller) and settling up with cash. The 3% on thousands of dollars is pretty steep.
Yellow Jacket
05-04-2011, 07:39 PM
I would rather let PalPay have 3% than lose the entire amount.
I would never accept any kind of check, money order, cashiers check, etc.
Cash only or PayPal.
cocheese72
05-05-2011, 09:59 AM
Cash is best. Paypal is not fool proof. All it takes is someone to pay with paypal via credit card, then dispute the charge and/or do a charge back through the credit card co. At best you then go through a head ache to keep the money, at worst the money is yanked back. Also a stolen credit card can be used.
If using paypal, it would be best to post on ebay with pics and such, then accept payment via paypal and keep all tracking numbers when shipping.
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