• Welcome to the Chronicle Forums.
    Please complete your profile. The forums and the rest of www.chronofhorse.com has single sign-in, so your log in information for one will automatically work for the other. Disclaimer: The opinions expressed here are the views of the individual and do not necessarily reflect the views and opinions of The Chronicle of the Horse.

Announcement

Collapse

Forum rules and no-advertising policy

As a participant on this forum, it is your responsibility to know and follow our rules. Please read this message in its entirety.

Board Rules

1. You’re responsible for what you say.
As outlined in Section 230 of the Communications Decency Act, The Chronicle of the Horse and its affiliates, as well Jelsoft Enterprises Ltd., the developers of vBulletin, are not legally responsible for statements made in the forums.

This is a public forum viewed by a wide spectrum of people, so please be mindful of what you say and who might be reading it—details of personal disputes are likely better handled privately. While posters are legally responsible for their statements, the moderators may in their discretion remove or edit posts that violate these rules. Users have the ability to modify or delete their own messages after posting, but administrators generally will not delete posts, threads or accounts upon request.

Outright inflammatory, vulgar, harassing, malicious or otherwise inappropriate statements and criminal charges unsubstantiated by a reputable news source or legal documentation will not be tolerated and will be dealt with at the discretion of the moderators.

2. Conversations in horse-related forums should be horse-related.
The forums are a wonderful source of information and support for members of the horse community. While it’s understandably tempting to share information or search for input on other topics upon which members might have a similar level of knowledge, members must maintain the focus on horses.

3. Keep conversations productive, on topic and civil.
Discussion and disagreement are inevitable and encouraged; personal insults, diatribes and sniping comments are unproductive and unacceptable. Whether a subject is light-hearted or serious, keep posts focused on the current topic and of general interest to other participants of that thread. Utilize the private message feature or personal email where appropriate to address side topics or personal issues not related to the topic at large.

4. No advertising in the discussion forums.
Posts in the discussion forums directly or indirectly advertising horses, jobs, items or services for sale or wanted will be removed at the discretion of the moderators. Use of the private messaging feature or email addresses obtained through users’ profiles for unsolicited advertising is not permitted.

Company representatives may participate in discussions and answer questions about their products or services, or suggest their products on recent threads if they fulfill the criteria of a query. False "testimonials" provided by company affiliates posing as general consumers are not appropriate, and self-promotion of sales, ad campaigns, etc. through the discussion forums is not allowed.

Paid advertising is available on our classifieds site and through the purchase of banner ads. The tightly monitored Giveaways forum permits free listings of genuinely free horses and items available or wanted (on a limited basis). Items offered for trade are not allowed.

Advertising Policy Specifics
When in doubt of whether something you want to post constitutes advertising, please contact a moderator privately in advance for further clarification. Refer to the following points for general guidelines:

Horses – Only general discussion about the buying, leasing, selling and pricing of horses is permitted. If the post contains, or links to, the type of specific information typically found in a sales or wanted ad, and it’s related to a horse for sale, regardless of who’s selling it, it doesn’t belong in the discussion forums.

Stallions – Board members may ask for suggestions on breeding stallion recommendations. Stallion owners may reply to such queries by suggesting their own stallions, only if their horse fits the specific criteria of the original poster. Excessive promotion of a stallion by its owner or related parties is not permitted and will be addressed at the discretion of the moderators.

Services – Members may use the forums to ask for general recommendations of trainers, barns, shippers, farriers, etc., and other members may answer those requests by suggesting themselves or their company, if their services fulfill the specific criteria of the original post. Members may not solicit other members for business if it is not in response to a direct, genuine query.

Products – While members may ask for general opinions and suggestions on equipment, trailers, trucks, etc., they may not list the specific attributes for which they are in the market, as such posts serve as wanted ads.

Event Announcements – Members may post one notification of an upcoming event that may be of interest to fellow members, if the original poster does not benefit financially from the event. Such threads may not be “bumped” excessively. Premium members may post their own notices in the Event Announcements forum.

Charities/Rescues – Announcements for charitable or fundraising events can only be made for 501(c)(3) tax-exempt organizations. Special exceptions may be made, at the moderators’ discretion and direction, for board-related events or fundraising activities in extraordinary circumstances.

Occasional posts regarding horses available for adoption through IRS-registered horse rescue or placement programs are permitted in the appropriate forums, but these threads may be limited at the discretion of the moderators. Individuals may not advertise or make announcements for horses in need of rescue, placement or adoption unless the horse is available through a recognized rescue or placement agency or government-run entity or the thread fits the criteria for and is located in the Giveaways forum.

5. Do not post copyrighted photographs unless you have purchased that photo and have permission to do so.

6. Respect other members.
As members are often passionate about their beliefs and intentions can easily be misinterpreted in this type of environment, try to explore or resolve the inevitable disagreements that arise in the course of threads calmly and rationally.

If you see a post that you feel violates the rules of the board, please click the “alert” button (exclamation point inside of a triangle) in the bottom left corner of the post, which will alert ONLY the moderators to the post in question. They will then take whatever action, or no action, as deemed appropriate for the situation at their discretion. Do not air grievances regarding other posters or the moderators in the discussion forums.

Please be advised that adding another user to your “Ignore” list via your User Control Panel can be a useful tactic, which blocks posts and private messages by members whose commentary you’d rather avoid reading.

7. We have the right to reproduce statements made in the forums.
The Chronicle of the Horse may copy, quote, link to or otherwise reproduce posts, or portions of posts, in print or online for advertising or editorial purposes, if attributed to their original authors, and by posting in this forum, you hereby grant to The Chronicle of the Horse a perpetual, non-exclusive license under copyright and other rights, to do so.

8. We reserve the right to enforce and amend the rules.
The moderators may delete, edit, move or close any post or thread at any time, or refrain from doing any of the foregoing, in their discretion, and may suspend or revoke a user’s membership privileges at any time to maintain adherence to the rules and the general spirit of the forum. These rules may be amended at any time to address the current needs of the board.

Please see our full Terms of Service and Privacy Policy for more information.

Thanks for being a part of the COTH forums!

(Revised 1/26/16)
See more
See less

Seller Wants Cash Only - Walk Me Thru This.....

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Seller Wants Cash Only - Walk Me Thru This.....

    I might be purchasing a horse that is being sold for a few thousand dollars. I've always paid for a horse with a bank check. The cash thing feels weird to me. What do I do? Go to the bank teller and take out a few thousand dollars, in hundred bills, and put them in my gym bag? :-) I would feel so paranoid driving out to meet the seller with a knapsack, gym bag, or whatever, filled with hundred dollar bills. Whats the best way to go about it? thanks!

  • #2
    If its only a few thousand, cash is reasonable. It protects the seller from you giving them a bad check. And there is no greater "risk" to you if you hand over cash or a check that they can go cash right away. The bank will give you the cash in an envelope, so you can just hand it to the seller in the envelope. It will be a disappointingly thin stack of bills. I was thinking I was going to get a wrapped bundle of hundo's when I took out a few grand, it was a let down

    I used to NEVER use cash for anything. But then I got a horse, and everything is in cash! Hay, farrier, lessons, boarding, all cash. And we are getting our property ready to bring her home, so the 5 figure fence and the run in shed which was a few grand were just paid for in cash. That hurt my poor bank account. I can still hear it crying

    Comment


    • #3
      I don't buy or sell horses very often, but I've always dealt with cash from either end (buying or selling)

      As a seller, I would never accept a blank check. There's too many dishonest people and it doesn't do me any good to have a bounced check and horse gone.

      Nor would I expect a seller to "believe me" that the money is in my checking account. I completely understand if they want cash.

      Yup, go to your bank and get some cash. And keep it safe until your transaction is complete. Of course, make sure you have a bill of sale from seller that says you paid cash for horse, as that is your receipt proof.
      It is not enough to know how to ride; one must know how to fall.

      Comment


      • #4
        Yeah, they'll give you an envelope at the bank. It will work out fine.
        If you are allergic to a thing, it is best not to put that thing in your mouth, particularly if the thing is cats. - Lemony Snicket

        Comment


        • #5
          I few thousand dollars in hundreds is barely an inch thick. I was paid once in cash for a $9000 horse and it doesn't look as impressive in an envelope as you wish it did. lol
          Only two emotions belong in the saddle: One is a sense of humor. The other is patience.

          Comment


          • #6
            Cash is fine, but require a bill of sale/receipt for the purchase.
            Where Fjeral Norwegian Fjords Rule
            http://www.ironwood-farm.com

            Comment


            • #7
              I would go online and find a bill of sale form and print two copies. Make sure the seller fills out and signs both copies and you do the same.

              Comment


              • #8
                BANK check, not blank check.

                I am assuming she means a cashier's check, which are pay-to-the-bearer and by definition, the funds have already been transferred out of your bank account to buy the cashier's check.

                I am assuming that you have seen/tried the horse already, met the seller, etc.
                I wouldn't bring a big chunk of cash into an unknown situation; that's too risky.

                I have sold a horse where the buyer paid cash (about $5K, if I remember right) and bought a different one once for $1K in cash. No big deal.

                I bought my diesel pickup (used) a few years back off Craigslist, more in the $25K range. We had seller talk to his banker- his banker called our banker to verify funds in our account, and we had a check from our bank pre-printed at the bank, made out to the seller. At the time of transaction, the seller's banker verified our drivers' licenses/IDs and called our bank to verify funds again, then made the deposit to seller's account immediately. Then, seller signed the title and we left with our new pickup.

                We had called on another pickup, for which the seller would accept only cash. Nope, I don't know you. I'm not meeting you at your house in the boonies, when you know I have $25K in cash on me. Might be different if the seller was friend-of-a-friend, and/or I had already gone out to test drive the vehicle.

                Comment


                • #9
                  No ! No bills / paper $ .....

                  Cashier's check !

                  Same as cash to seller • your bank takes the $ from your account.


                  The bank makes the check out for you!
                  The check is made out to seller.

                  You give the cashier check to the seller WHEN AND ONLY WHEN SELLER GIVES YOU A BILL OF SALE AND SIGNED TRANSFER /for new Registry papers ! AND A RECEIPT FOR YOUR $ !

                  If you get there and the seller does not have his paperwork for you ...YOU DON'T GIVE THE CASHIER'S CHECK UNTIL... seller has his part ready•

                  * If the sale falls through ( the cashier's check can be deposited back into YOUR bank account) very easy & safe.

                  CASHIER'S Check is cash .... and a safer better way to handle this ... better than a bank transfer in my opinion
                  because
                  you have the cash UNTIL seller provides you with the necesssry paper work ..



                  Quite easy ....

                  Congratulations on your new horse !
                  Zu Zu Bailey " IT'S A WONDERFUL LIFE ! "

                  Comment


                  • #10
                    Cashier's checks can be faked. Cash is King.
                    Only two emotions belong in the saddle: One is a sense of humor. The other is patience.

                    Comment


                    • #11
                      These days, I would ask for cash, too. Cashiers checks that look entirely authentic are easy print these days and even bank tellers can't tell. If it's too much money to feel comfortable carrying cash, then you need to work out some kind of arrangement like Fillabeana described.
                      "Facts are meaningless. You can use facts to prove anything
                      that's even remotely true."

                      Homer Simpson

                      Comment


                      • #12
                        Why not ask the seller if a bank certified check would be okay, other wise cash, just take it in bigger bills, like $50’s or $100’s.
                        "My treasures do not chink or gleam, they glitter in the sun and neigh at night."

                        Comment


                        • #13
                          apparently both a cashier and a certified check can be faked ?!
                          i was unaware ... sorry


                          I have always paid with personal checks.

                          Good Luck ... please let us know how you end up making this transaction ...TIA
                          Zu Zu Bailey " IT'S A WONDERFUL LIFE ! "

                          Comment


                          • #14
                            The last horses I have bought and sold we did a wire transfer between banks. Easy to do and the safest way to go

                            Comment


                            • #15
                              When I sold my last horse for $3500, the buyer paid me in cash. Hundred dollar bills. Wasn't as big a pile as you might think!
                              Not my monkeys, not my circus.

                              Comment


                              • #16
                                Originally posted by bugsynskeeter View Post
                                Cashier's checks can be faked. Cash is King.
                                and I am hearing you can stop payment on these so I won't take one

                                Comment


                                • #17
                                  For large amounts, I get something called a Bank Draft. Basically it's a check that you buy directly from a bank teller. It costs about $10 and they withdraw the funds directly from the account, put them in holding and create the check and sign it. There's no way I'd be carrying around thousands in cash.

                                  That said... if the seller is so worried, can't they meet you right at the bank while you get this bank draft so they can see it's legit?

                                  Comment


                                  • #18
                                    Originally posted by StarPattern View Post
                                    For large amounts, I get something called a Bank Draft. Basically it's a check that you buy directly from a bank teller. It costs about $10 and they withdraw the funds directly from the account, put them in holding and create the check and sign it. There's no way I'd be carrying around thousands in cash.

                                    That said... if the seller is so worried, can't they meet you right at the bank while you get this bank draft so they can see it's legit?
                                    Bank draft is just another name for Cashier's Check. These days they are easily counterfeited by anybody with a good printer. That's why they are no longer safe to rely on.
                                    "Facts are meaningless. You can use facts to prove anything
                                    that's even remotely true."

                                    Homer Simpson

                                    Comment


                                    • #19
                                      With how easy it is to fake documents these days and how common it is for fake cashier's checks to be used in scams, I also would only accept cash for most transactions. (I also accept Paypal for online purchases.) I've taken out thousands in cash before and although you feel weirdly exposed while you have that much money on you, the reality is that nobody aside from the seller and maybe people in the bank is going to know you have it. It's not like masked men with guns are going to come running up and grab it.

                                      If you are uncomfortable taking it to the seller's home/barn, have them meet you somewhere safe like a police station or the bank itself to sign bill of sale paperwork and exchange the money. However, assuming you have to then go to their place to pick up the horse anyway, it might be better just to go and take another person along with you.
                                      Flickr

                                      Comment


                                      • #20
                                        A few thousand in cash isn't that much. Just make sure that you have a bill of sale, to prevent any scamming or anything like that.

                                        Comment

                                        Working...
                                        X