Please help!!!!
Thread Starter
TECH Enthusiast
Joined: Jul 2005
Posts: 600
Likes: 0
From: New Jersey
Please help!!!! Hi,
I am not sure if this is the roght forum area, but I need some help. I have a WS6. I am currently selling it, and someone wants to buy it. They are from Canada. What needs to be done to get the car into another country and how can we protect ourselves from losing the car and not getting the money? He is sending a money order to us which we will deposit in the bank. Is there anyone that he can void that out or anyway that we dont get the money? I would just like any help and not sure where to go or anything like that. I want to sell the car but I dont want to lose the car and get screwed over. Any help would be greatly appreciated, thank you.
I am not sure if this is the roght forum area, but I need some help. I have a WS6. I am currently selling it, and someone wants to buy it. They are from Canada. What needs to be done to get the car into another country and how can we protect ourselves from losing the car and not getting the money? He is sending a money order to us which we will deposit in the bank. Is there anyone that he can void that out or anyway that we dont get the money? I would just like any help and not sure where to go or anything like that. I want to sell the car but I dont want to lose the car and get screwed over. Any help would be greatly appreciated, thank you.
can't u just arrange the time frame so that you have the money in your account before you send the car? If your worried about it. If he honestly wants to buy the car he shouldent have a problem with that.
Thread Starter
TECH Enthusiast
Joined: Jul 2005
Posts: 600
Likes: 0
From: New Jersey
well thats the thing, once i get the money into my account, i want to make sure there is no possible way to cancel out the money order or to get the money out of my account.
the other thing is he has typed up a contract which is very complicated and that I do not understand very well. I want to make sure I am not agreeing to giving the car away or anything like that. All i want it to read is.
blank agrees to give blank the car for 13,000 US dollars. Upon recieveing the 13,000 dollars, blank agrees to give blank the car in as is condition. the seller is not responsible for the vehicle was the bill of sale is given.
thats all i want it to read and its much more complex. so, i just dont want to get screwed over ya know
the other thing is he has typed up a contract which is very complicated and that I do not understand very well. I want to make sure I am not agreeing to giving the car away or anything like that. All i want it to read is.
blank agrees to give blank the car for 13,000 US dollars. Upon recieveing the 13,000 dollars, blank agrees to give blank the car in as is condition. the seller is not responsible for the vehicle was the bill of sale is given.
thats all i want it to read and its much more complex. so, i just dont want to get screwed over ya know
With a money order it is still not guarented you will get the money. there are many scams with money orders, there are fake ones that your bank will not realise till its to late. If he realy wants your car have him do a fund transfer straight to your bank. If you are worried about it there is probly something wrong with the transfer. A while back a friend of mine got took for about 1800 with fake money orders, so be very carefull.
go see a laywer if you're worried. He could type up something. Or tell him you won't sell and sell it locally. It's just a risk you gotta make the best call on. Even if you kept the money he can blow it up and sue you because you never told him the engine was shot, even tough he's the one who blew it up. some ppl can be a real pain. Personally if it were me and there was any contract involved i for anyone to sign would find another buyer. It just seems fishy. Do car dealers make you sign papers that are too complicated? (well, maybe, but with time it can be figured out w/o a laywer) Money orders can be forged. You will be credited the amount by your bank when you deposit the MO, but if it is fake, when it comes back as rejected you'll lose the money you never had, and if it's a scammer he'll have his car out of country (hard to get back) for nothing. If you were from AZ i would be more concerned, but you're pretty close to our northern buddies. Since you're the seller this transaction should be on YOUR terms. Tell him to pay you however you want. Hope this helps.
Will
Will
TECH Fanatic
Joined: Aug 2006
Posts: 1,407
Likes: 63
From: Knappa, Oregon
No, no, no no, and NO! It may be a legitimate buy offer. BUT. Getting paid by check or money order for an out of country sale is a very common form of fraud. Once you cash the check or money order YOU are responsible for it if/when it comes back no good. Your bank is going to cite you for over-draft when the real money doesn't come through. And I'm talking about all the thousands of dollars, not just a bounced check fee. You get stuck with no car and all the costs. This sort of thing is a multi-million dollar a year business, and if you go to the authorities you'll just get a 'I'm sorry, you're stupid. Pay your bank back.'
The buyers bank should deal with your bank with an Irrevocable Letter of Credit or a direct wire transfer of funds. Really... this is important. Search the internet on money order scams. You'll have plenty of reading material.
The buyers bank should deal with your bank with an Irrevocable Letter of Credit or a direct wire transfer of funds. Really... this is important. Search the internet on money order scams. You'll have plenty of reading material.
Trending Topics
LS1 Tech Stories
The Best V8 Stories One Small Block at Time
6 Common C5 Corvette Failures and What's Involved In Repairing Them
Pouria Savadkouei
Retro Modern Bandit Pontiac Trans AM Comes With Burt Reynolds' Autograph
Verdad Gallardo
Top 10 Greatest Cadillac V Series Performance Models Ever, Ranked
Pouria Savadkouei
Top 10 Most Powerful Chevy Trucks Ever Made!
Hennessey's New Supercharged Silverado ZR2 Has 700 HP
Verdad Gallardo
Coachbuilt N2A Anteros Is an LS2-Powered C6 Corvette In Italian Clothes
Verdad Gallardo
Awesome K5 Blazer Restomod Comes With C7 Corvette Power
Verdad Gallardo
10 Camaros You Should Never Buy
10 LS Engine Myths That Refuse to Die
Verdad Gallardo
Either a certified bank draft from his bank, Paypal, or cash. Do not accept a money order, this is a frequent scam. I had this happen to me on ebay a while ago when I tried to sell my old car. With a bank draft from his bank, your bank can check it first before actually depositing it into your account.
edit: Think about this, if he has the CASH to get a money order, why not just pay cash? Or sign up for a FREE paypal account and send it to you by paypal?
edit: Think about this, if he has the CASH to get a money order, why not just pay cash? Or sign up for a FREE paypal account and send it to you by paypal?
Thread Starter
TECH Enthusiast
Joined: Jul 2005
Posts: 600
Likes: 0
From: New Jersey
Yea but with paypal, cant you back out? He now says he will send a certified bank check which he says should be OK that day, if not it should clear by monday. Is that ok? I just do not want to lose the car and the money and be out of luck. I appreciate everyones help on here, I really do.
If he's sending a certified check... take it to your bank... don't deposit it, tell them you want them to verify that its a GOOD check first, that could take a couple days. But your bank should be able to do that for you.
edit: Do not let the car go out of your hands until you receive payment for it.
edit: Do not let the car go out of your hands until you receive payment for it.
Thread Starter
TECH Enthusiast
Joined: Jul 2005
Posts: 600
Likes: 0
From: New Jersey
Just got off phone with them, they said that a wire transfer is the safest and quickest way. Once he send the money electronically, it cannot be reversed. It's safe and fast. He cannot do anything with your account number. Account numbers on the bottom of checks so there is no difference. So, does that sound like it should be ok?
Yeah if your bank says a wire transfer is good I'd probably go ahead. Make sure you ask the buyer for the information of what he's using to transfer. Like if he's using Western Union or whatever, and ask for a confirmation number of the transfer.
How is he getting the car? Flying here and driving back? Sending a shipper? Just do NOT release the vehicle until you have been paid. Especially if he's sending a shipper make sure your car is in the garage cause those shippers can be part of a scam as well.
Thread Starter
TECH Enthusiast
Joined: Jul 2005
Posts: 600
Likes: 0
From: New Jersey
Well, he is flying in, and i am bringing the car to the airport. he will look it over, and then i will give bill of sale and he will drive away. prior to this i will have received the money through bank transfer. once i recieve the money, should i take it out of the account and move it? should i open up a account specifically for this, so that their is no money in it? i just want to make sure their is no way he can get the money back.
Thread Starter
TECH Enthusiast
Joined: Jul 2005
Posts: 600
Likes: 0
From: New Jersey
Thats what the bank said. I was iffy with giving out bank account number, but my bank said that he cant do anything with the bank number except add funds. No way to go in and take money out. So, as long as the money goes in their, I will probably take it out right away and hold onto it in cash until I give him the car.
Thread Starter
TECH Enthusiast
Joined: Jul 2005
Posts: 600
Likes: 0
From: New Jersey
what happens after I sell the car and he drives away..like, on his ride back to canada, he gets back and says the car is rattling, the shocks are squeeking, or the engine is blown, how can I protect myself from getting sued or anything like that? The car runs perfect, no problems. The car is sold AS IS, so am I responsible for anything or can I be sued? Cause you can blow the engine easily or poke a hole in a tire or do whatever u want. How can i protect myself? i do not want to be responsible once that title leaves my hand, I want him to assume all responsibility. so, what can I do?
TECH Junkie
Joined: Aug 2006
Posts: 3,911
Likes: 675
From: Western North Carolina
You worry too much but you are asking all the right questions. He would have to take you to court and then PROVE you sold a defective car. If you are that worried take out your video camera (or borrow one) and have a friend shoot footage of you driving the car. It will sound good, look good and PROVE that the car was in the shape you sold it in. Total cost would be under $10 and you would have 'peace of mind'. Relax! From what you have described this sounds like a good transaction with your bank's blessing.