[june82000]

I just bought a car using a bank draft from my credit union and I have done this before more than once. It allows me, the buyer to negotiate the price on the spot after seeing the car. There's a spot on the draft to fill in the VIN and dealer info. I sign it like a check and they can go straight there to cash it or deposit it into their account. If it's a private party sale then they require a check be printed with all the pertinent details including the sellers name. Cash is always good but don't forget that there are alot of fake bills floating around. If someone gives you a handful of cash - especially $40k worth and the bank checks them (and they will) and half end up being counterfeit then you are stuck holding the bag. If doing all cash then I recommend having the purchaser follow you to the bank to make sure the bills are legit as they are deposited into your account. Cash is king, but counterfeit bills are a reality these days so be careful.