DownTime wrote:
Just curious to know if anyone here has recently had a negative
experience in either buying or selling a boat. I have mine listed for
sale, and a potential buyer coming on Friday.

In the past, I tended to be somewhat of a trusting soul, and generally
considered cashier's check good as cash. With all the fraud and scammers
in the world, would anyone accept a cashier's check and hand over the
keys? I am not likely unless it is drawn against a local bank I can walk
into to get my cash.

The buyer had asked to be able to do an electronic wire transfer, which
sounds reasonable to me for this transaction. The institution I use does
not have a local brick-and-mortar facility to walk into. I am not
interested or looking forward to driving 2.5 hrs each way to get to it
either.

I'm interested to know if anyone has recent experiences with problems or
positives with fairly significant sums of money being exchanged.


My dealer and I took a personal check for more than $50,000 last August
for the sale of my 2003 Parker 2520XL. I had had only a couple of phone
calls with the buyer, but the dealer knew who he was (but didn't know
him personally), and the buyer had all the right ID. He was a
well-established medical professional in a nearby city. I was sweating
it as he drove off with the boat, but the dealer said the buyer was
"good as gold." No problems with the check.

I would suggest you contact your bank's wire department for assistance.
Wire transfers are not instantaneous...you might have to wait a couple
of hours for it to show in your account.