Buyer Concerns | Seller Sticks to Cash-Only Demands
A recent vehicle listing has ignited discussion as a seller mandates cash only for a sale, leading to buyer unease on forums. Questions around the seller's trustworthiness arise after initial enthusiasm faded to terse communication, prompting concerns about safety and scam risks.
The Situation Unfolds
Initially, the seller appeared eager, engaging positively with the buyer. However, after winning the bid, the atmosphere shifted dramatically. Now, the seller insists on only cash payments, refusing checks or alternative payment options, raising eyebrows in the community.
New Insights from the Community
Community members have shared mixed feedback regarding the seller's stance:
Concerns Around Cash Handling: "Driving across multiple states with a giant wad of cash can be dangerous. If stopped by police, authorities may seize the cash until proven legitimate," one commenter warned.
Seller's Intentions Questioned: Another noted, "Seller definitely has seller's remorse; 26k for the EVO 9 MR is a great deal if repaired properly."
Transaction Alternatives Suggested: Many emphasized modern payment methods, advocating for options beyond cash. One said, "Payment can be made in various ways; cash-only isn't standard."
Feedback also mentions that asking for cash is typical in private sales, but exceptions exist. A commenter mentioned trying to get a cashier's check directly at the bank with the seller present, ensuring security.
"I offered to meet at the bank and do a direct transfer to his account. My main concern now is the location of the vehicle," shared another buyer, highlighting logistical issues surrounding the deal.
Key Takeaways
⚠️ Increased Risk with Cash Transactions: Concerns over safety when transporting cash on long trips persist.
📉 Growing Hesitance Among Buyers: Many are rethinking their approaches to vehicle purchases, seeking alternatives.
🔍 Value of Secure Payment Methods: Suggestions for using escrow services and other secure transaction methods emerge as a common theme.
As potential buyers engage with the market, it's crucial to evaluate seller legitimacy and prioritize personal safety. The cash-only demand has amplified caution among buyers, potentially shaping the landscape of private vehicle sales.