Recent Boat Transactions
 

"DownTime" wrote in message
. ..
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.

I sold my sailboat last year and accepted a partial transfer payment for
about 40% and a personal cheque for the remainder.
i was nervous, but the buyer and his wife were friends with on of my sons
friends.
This city is just small enough that you can find almost anyone...getting
money back is another matter though.

Recent Boat Transactions
 

wrote in message
...
On Aug 5, 12:23 pm, hk wrote:
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.- Hide quoted text -

- Show quoted text -

Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....

=================================

ACH maybe, not wire transfers. There is a difference, ya know.

Recent Boat Transactions
 

Recent Boat Transactions
 

Recent Boat Transactions
 

On Aug 5, 1:38*pm, "D.Duck" wrote:
wrote in message

...
On Aug 5, 12:23 pm, hk wrote:





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.- Hide quoted text -

- Show quoted text -

Ummm, Harry, for your information, most banks electronic funds
transfers hit at midnight....

=================================

ACH maybe, not wire transfers. *There is a difference, ya know.- Hide quoted text -

- Show quoted text -

It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.

Recent Boat Transactions
 

Ah, so what? Harry's brand new Parker needs a transom too!

Gee, I didnt know that. How did you find that out Loogy ?

Sorry for the reference to a " bad transom" , Harry. My appologies.

Scott

Recent Boat Transactions
 

Recent Boat Transactions
 

On Wed, 6 Aug 2008 06:47:05 -0700 (PDT), wrote:


It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.

Yeah, I do major bank account transfers and there's a 3-4 business day
lag for the money to be posted from one bank to another.
Wire transfers have been even worse.
No excuse for it nowadays with most transactions occurring real-time.
But they must have some kind of suspense account manipulation going
on to maximize interest profit. So I think, anyway.

--Vic

Recent Boat Transactions
 

On Aug 6, 12:53*pm, Vic Smith wrote:
On Wed, 6 Aug 2008 06:47:05 -0700 (PDT), wrote:

It depends soley on what bank, and that bank's policy for POSTING the
funds, as opposed to GETTING the funds.

Yeah, I do major bank account transfers and there's a 3-4 business day
lag for the money to be posted from one bank to another.
Wire transfers have been even worse.
No excuse for it nowadays with most transactions occurring real-time.
But they must have some kind of suspense account manipulation going
on to maximize interest profit. *So I think, anyway.

--Vic

I agree

Recent Boat Transactions
 

On Aug 6, 12:20*pm, hk wrote:
wrote:

Ah, so what? Harry's brand new Parker needs a transom too! *

Gee, I didnt know that. How did you find that out Loogy ?

Sorry for the reference to a " bad transom" , Harry. My appologies.

* * * * * * * * * * * * * * * * * * * * * * * * * Scott

Did you hear the one about Loogy finding his wife in the kitchen, naked?

He got really excited, because, well, it had been a long time.

She seemed to be in the mood, so Loogy got down to business and, as
usual, he was "done" in his usual time.

Afterwards, Loogy asked what the occasion was...

"The egg timer was broken, and I know you like two minute eggs..."

:)

Nah, Harry wouldn't say anything about anybodies wife and
children.......
What a scumbag.