Am I being scammed on truck sale, do you think?

[Brooks_]

Good plan. Be prepared to meet at the buyer's bank though.

Conversely, you could insist (used vehicles are a sellers market right now) they meet at your bank to immediately deposit the cash and have notary if that is required in your state.

 

[BarnyardChaos]

Both scams! Glad you were able to catch it in time!

The cashier check is a known scam issue, if I remember correctly, what they’ll do is “send” you a check for too much, and ask you to send the excess back. Once you send the “extra” back, the check won’t clear the bank, leaving you with bank fees and them with free money.

I was aware enough that if this had happened, I wouldn't have cashed the check at all. I'd have sent it back. My DIL once received a cashier's check from a dubious buyer. At the bank, the teller informed us that even if the check looks legit, it could be fraudulent and might be a week or two before they'd find out, at which point the value of the check (which the bank would have deposited into her account) would be withdrawn, and she'd be liable for the amount. So no, I don't trust cashier's checks any more than a personal check, now - unless the purchaser is someone I know and trust or can verify.

 

[Brooks_]

So no, I don't trust cashier's checks any more than a personal check, now - unless the purchaser is someone I know and trust or can verify.

Sometimes I have to use a CC. I don't have checks (digital world) and money orders have a limit. But in those cases it is a more business sense than sale/buy from random population.

 

[getaclue]

IF they want it, they can come deposit the money in your account, and the bank can notarize the sale on the title.