Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > iRV2.com General Discussion
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 09-28-2016, 07:57 AM   #1
Junior Member
 
KZ RV Club
Join Date: May 2016
Posts: 2
Sold our RV, now what?

We finally sold our rv but now we have some questions...

The buyer lives out of state. What is the best way to exchange the money cashiers check, cash? We know personal check isn't advisable... any tips on how to transfer the title - do we do that here in Oklahoma or does the buyer do that in the state that he lives in (Kansas).

Any suggestions would be greatly appreciated!!!

Thank you in advanced!
__________________

__________________
Bandmstepp is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 09-28-2016, 08:14 AM   #2
Registered User
 
Join Date: Oct 2014
Location: Salvisa, KY
Posts: 2,302
Quote:
Originally Posted by Bandmstepp View Post
We finally sold our rv but now we have some questions...

The buyer lives out of state. What is the best way to exchange the money cashiers check, cash? We know personal check isn't advisable... any tips on how to transfer the title - do we do that here in Oklahoma or does the buyer do that in the state that he lives in (Kansas).

Any suggestions would be greatly appreciated!!!

Thank you in advanced!

Are you delivering it? Is buyer picking it up?

I'm going to make the assumption that the buyer is picking it up. Have him or her send you a personal check for say 10% of the amount as a deposit. Don't cash it. When the buyer arrives, inspects the vehicle, is satisfied with it etc, you go to your bank and the buyer arranges a wire transfer to your bank. You verify receipt and hand him the signed title, along with his personal check for the deposit. If the buyer prefers, you can go to the Department of Motor Vehicles before you go to your bank where the DMV can verify the title is legitimate and that you are the rightful owners. You can even sign the title and do a bill of sale at your DMV. Don't give buyer the title until you verify the wire transfer.

Buyer takes signed title, vehicle, and bill of sale back to DMV in Kansas, gets vehicle inspected if necessary, and transfers title into his name.

Don't accept a Postal Money Order as they can be counterfeited.

I don't like cashiers checks because if a problem turns up after your bank turns it over to buyers bank, than YOU are on the hook for the amount, NOT the buyer . . . .

Wire transfer happens pretty much instantaneously, (may take a few minutes), money is in your account and you're done.
__________________

__________________
Hit_the_Rhod is offline   Reply With Quote
Old 09-28-2016, 08:31 AM   #3
Senior Member
 
vsheetz's Avatar


 
Fleetwood Owners Club
Ford Super Duty Owner
Join Date: Jun 2012
Location: SoCal
Posts: 11,510
Cashiers checks are being faked now, so I don't trust them. Does the buyer have a bank where the exchange can be done?

You sign and turn over the title. Buyer is responsible for registering in his state. There is likely a portion of the title or a form you use to advise your DMV you no longer have the vehicle.
__________________
Vince and Susan
2011 Tiffin Phaeton 40QTH (Cummins ISC/Freightliner)
Flat towing a modified 2005 Jeep (Rubicon Wrangler)
Previously a 2002 Fleetwood Pace Arrow 37A and a 1995 Safari Trek 2830.
vsheetz is offline   Reply With Quote
Old 09-28-2016, 08:37 AM   #4
Senior Member
 
Join Date: Jan 2016
Posts: 492
All banks talk to each other. The buyer just needs to have his bank routing number to transfer funds to yours. I just sold a car to a guy in Denmark. It was a smooth and easy transaction, just took a few extra days.
__________________
Lovey & Thurston - Cali Foothills
2001 HR Vacationer (SS Minnow) - Gasser!
Obviously A Lowly and Inferior MH
B Dubya is offline   Reply With Quote
Old 09-28-2016, 10:19 AM   #5
Senior Member
 
Join Date: May 2014
Location: Muscle Shoals, AL/Helen, GA
Posts: 961
Wire transfers are the modern way to do funds transfers.

The buyer can go into his bank and sign funds authorizations. Then he can inspect and accept the RV--and then call his banker to tell him to process the funds transfer. The cost to him would be about $29.

When the $ arrives at your bank, you give him the keys.
__________________
Bamaman is offline   Reply With Quote
Old 09-28-2016, 10:44 AM   #6
Senior Member/RVM #90
 
MSHappyCampers's Avatar


 
Monaco Owners Club
Join Date: Nov 2002
Location: Columbus, MS
Posts: 25,062
Quote:
Originally Posted by Bandmstepp View Post
We finally sold our rv but now we have some questions...

The buyer lives out of state. What is the best way to exchange the money cashiers check, cash? We know personal check isn't advisable... any tips on how to transfer the title - do we do that here in Oklahoma or does the buyer do that in the state that he lives in (Kansas).

Any suggestions would be greatly appreciated!!!

Thank you in advanced!

The ONLY safe way, in my opinion, to get paid is a direct transfer of funds between his bank and yours! Cashiers checks are NOT safe!

When your bank says the money is in your account, THEN sign the title over to him, NOT BEFORE!

Good luck, happy trails, and God bless!
__________________
Joe & Annette

2002 Monaco Windsor 40PBT, 2013 Honda CRV AWD
MSHappyCampers is online now   Reply With Quote
Old 09-28-2016, 10:57 AM   #7
Senior Member
 
Join Date: Apr 2016
Location: Full Timers
Posts: 197
The best and safest way is to use an escrow company. After all we would not consider selling a house without using an escrow company. Far as I know they will do high value vehicles.
__________________
Dave & Sheryl Rambeau
2011 Itasca Meridian 39'
Rambeau is offline   Reply With Quote
Old 09-28-2016, 08:23 PM   #8
Senior Member
 
djbmsu's Avatar
 
Join Date: Nov 2011
Location: Charlotte Harbor, FL
Posts: 1,806
I also would use a Disclaimer that protects you from any recourse from the buyer. Simple Disclaimer states that you provide no warranty either expressed or implied and that the buyer except all responsibility to insure, register and record the title transfer. As well as any State Tax's.
__________________
Don and Nancy
[2014 40QBH Phaeton, 2015 Buick Enclave, 2yr old sisters Sara n Kaycee, Havanese, Two Segways
djbmsu is offline   Reply With Quote
Old 09-28-2016, 09:38 PM   #9
Junior Member
 
Join Date: Jan 2016
Posts: 10
When I purchased mine last year the seller said no deal without an escrow through a law firm. They wrote a contract with all details of the trade. I think they charged $300 which we split. If I remember they had an increase every $15000 dollars.. When lawyers escrow had funds and signed contract the motorhome changed hands. Then I got the paperwork 2 days later certified mail. If something goes wrong the lawyer can be in big trouble. Also you can put a clause that if you are out of state when you look at it if it's not exactly what was said the contract is void and lawyer will not release funds to buyer. Of course the lawyer gets paid. Worked great for me.
__________________
Chris sharp is offline   Reply With Quote
Old 09-28-2016, 10:52 PM   #10
Senior Member
 
Arch Hoagland's Avatar
 
Monaco Owners Club
Workhorse Chassis Owner
Join Date: Aug 2002
Location: Clovis, CA, USA
Posts: 5,680
Cashier's check can bounce.

Owned a computer store and saw one bounce for $10,000.

It was drawn on a line of credit from a bank in another state and the guy wrote cashier's checks on several lines of credit in various states all at the same time.

Wire transfer is the only way I will do business long distance.
__________________
2004 Monaco La Palma 36DBD, W22, 8.1, 7.1 MPG
2000 LEXUS RX300 FWD 22MPG 4020 LBS
Arch Hoagland is offline   Reply With Quote
Old 09-28-2016, 11:38 PM   #11
Senior Member
 
gruelens's Avatar
 
Join Date: Jul 2012
Posts: 1,258
Yep, cash or bank wire transfer to seller's account.
__________________
George R. - Fulltiming since January '03
2007 Newmar Mountain Aire 3991
2012 Chevy Malibu LT1
gruelens is offline   Reply With Quote
Old 09-29-2016, 06:32 AM   #12
Senior Member
 
spdracr39's Avatar


 
Join Date: Jul 2016
Location: Cabot, Arkansas
Posts: 370
After the sale is complete call and have it removed from your personal property tax assessment also, they won't do that automatically. (Well except I don't think y'all do that in Oklahoma lol)
__________________
2013 Bullet 284RLS
2017 GMC 2500HD SLE 6.0L Z71 4x4 Standard Bed
Husky Centerline
spdracr39 is offline   Reply With Quote
Old 09-29-2016, 08:06 AM   #13
Senior Member
 
Join Date: Feb 2010
Posts: 4,481
Make an appointment for the bank followed by dmv.

Assuming title is clear then after money confirmed in your hands stop at dmv to clear off the title.

Some states have simple release of liability and your name stays on title until they title it but the release is official notice that you sold it.

By going directly to dmv yiu can insure any and all paperwork needed is completed and it buyer in same state then they can register it or is out of state buyer can get whatever paperwork needed to assist later.

Both you and buyer need to go.

Do NOT let it leave your driveway until that happens!

We purchased from salvation army vehicles and they will not let vehicle move until you have the title so it is common practice.
__________________

__________________
Tony & Lori
1989 Country Coach Savannah SE
TQ60 is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Sold our 5th wheel and here are our traveling blogs mga60tw iRV2.com General Discussion 0 02-24-2015 07:42 PM
We sold our coach Mizzly MH-General Discussions & Problems 5 11-12-2013 10:18 AM
sold the TT and now proud owner of MH dktari New Member Check-In 6 05-14-2013 09:34 AM
Sold our RDP Winnebago 39K TerryB Workhorse and Chevrolet Chassis Motorhome Forum 2 05-30-2006 05:02 PM
Our WW is sold! Onwards and upwards! SandyFeet Toy Haulers Discussion 15 07-11-2005 05:58 PM

» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 02:47 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.