Long distance car sale - how to accept $$$

Mad06STi · 10-11-2009, 05:10 PM

My brother is selling his car to some guy down in FL.

Guy in Florida wants to send money via paypal, I say eff that. I told my brother to only do electronic bank transfer. The buyer says eff that, we might take the money and run.

Looks like we're both worried about getting ripped off here.

I was initially more worried about him being able to stop payment with paypal after getting the car, but in all honesty, I don't have a clue about accepting that amount of money over paypal.

What's the easiest way to do this?

WWOTD

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snobordin8 · 10-11-2009, 05:12 PM

Why not just pay with cash when the car is handed over? I wouldn't do Paypal just because of the fees involved.

Protege Menace · 10-11-2009, 05:12 PM

How is the car getting to the buyer?

Either transact with cash when he gets the car, or find a local buyer.

Mad06STi · 10-11-2009, 05:15 PM

Oh, sorry about leaving out that important piece of info.

Buyer wants to use a shipping company. He wants to have this company just pick it up one day.

Keith · 10-11-2009, 05:27 PM

Wirelessly posted (my phone bitch: Mozilla/4.0 (compatible; MSIE 6.0; Windows CE; IEMobile 8.12; MSIEMobile6.0) Sprint T7380)

that is a hard one. Any family out there or something? Have him go with someone to the bank and get a bankers check made out. once you hear from your contact, you send the title down and he shipps the car. Something like that.

Daggah · 10-11-2009, 05:32 PM

I hear Western Union money orders are good. Especially when routed through Nigeria.

Protege Menace · 10-11-2009, 05:35 PM

Quote:

Originally Posted by Mad06STi

Oh, sorry about leaving out that important piece of info.

Buyer wants to use a shipping company. He wants to have this company just pick it up one day.

Yeah, nigerian scam.

Find local buyer.

gramicci101 · 10-11-2009, 05:38 PM

Not always a nigerian scam. I sold my 4runner like that, and the transaction went just fine.

Mrs.COS · 10-11-2009, 05:40 PM

Quote:

Originally Posted by gramicci101

Not always a nigerian scam. I sold my 4runner like that, and the transaction went just fine.

Way to be helpful..

How did you do the money part then?

07Wagon · 10-11-2009, 05:43 PM

Use an escrow service?

gramicci101 · 10-11-2009, 05:45 PM

Ok, this was 6+ years ago when the scammers weren't really in full swing yet, but I used paypal. I actually ended up holding the truck for an addional month for the guy because he was having issues with arranging a shipper. These days I'm sure most everyone would be going "OMG its teh SCAM!!!", but it worked just fine.

f4phantomii · 10-11-2009, 06:04 PM

So buying a used car sight unseen is becoming the norm now?

When I sold my last car, a kid flew all the way from Kansas to buy it. He paid cash.

Ther's simply no other way I'd do it.

f4phantomii · 10-11-2009, 06:04 PM

So buying a used car sight unseen is becoming the norm now?

When I sold my last car, a kid flew all the way from Kansas to buy it. He paid cash.

Ther's simply no other way I'd do it.

Spootypuff · 10-11-2009, 06:07 PM

^^^ That's how I've bought two of my cars. I'll either fly or have someone drive me there. The seller and I would go to the bank and have them wire him the money.

richde · 10-11-2009, 06:08 PM

Quote:

Originally Posted by Mad06STi

Oh, sorry about leaving out that important piece of info.

Buyer wants to use a shipping company. He wants to have this company just pick it up one day.

Tell him that's fine, after the money clears. I bought my 911 like that.

Somebody is going to have to let go of either the cash or the car first, traditionally that's the buyer's job.

iiiezekieliii · 10-11-2009, 09:04 PM

ESCROW.COM - I think they charge a 1% fee.

Jack ffr1846 · 10-11-2009, 09:09 PM

Drive to Florida. Do the transaction. Charge an extra $1k (what it'll cost him to ship anyways), buy a ticket home, fly home.

rexfan555 · 10-11-2009, 09:45 PM

Quote:

Originally Posted by Mad06STi

My brother is selling his car to some guy down in FL.

Guy in Florida wants to send money via paypal, I say eff that. I told my brother to only do electronic bank transfer. The buyer says eff that, we might take the money and run.

Looks like we're both worried about getting ripped off here.

I was initially more worried about him being able to stop payment with paypal after getting the car, but in all honesty, I don't have a clue about accepting that amount of money over paypal.

What's the easiest way to do this?

WWOTD

The only way to do it safely would be a wire transfer. If he is balking at that I would walk from the deal.

WhiteH2O · 10-11-2009, 10:05 PM

I have done this three times now.

Wire transfer bank account to bank account is the only way to do it. Period.

Well, unless he wants to pay the paypal fees, but set up another paypal account to a seperate bank account and don't send the car until you get the money out of that paypal account and that bank account. What I am saying is: do the wire transfer.

bcblues · 10-11-2009, 10:27 PM

Paypal works, but the fees kill you (or the buyer). Wire bank transfers cost nothing these days,and are safe and secure. Not willing to do that, I say walk.

Jessie James · 10-11-2009, 10:34 PM

1. Complete a Bill of Sale.
2. Copy your ID.
3. Mail the BOS and ID to him.
4. He signs BOS and copies his ID and returns to you.
5. He sends you PayPal. You withdraw the funds.
6. You send car and title.

skateboy16 · 10-11-2009, 10:37 PM

^^^^^ yeah that. if he's legit, then he'd have no problem with this. or shouldn't anyway. unless yore desperate to sell it i'd tell them you're going to need the wire transfer.

O2wrx · 10-11-2009, 10:39 PM

Quote:

Originally Posted by f4phantomii

So buying a used car sight unseen is becoming the norm now?

When I sold my last car, a kid flew all the way from Kansas to buy it. He paid cash.

Ther's simply no other way I'd do it.

I sold my wrx the same way. He flew in from CA, paid in cash/gave him the title.

As long as you make out a bill of sale you should be fine. He paid for a shipping company and they called me when they were ready to come get it.

Panda Lover · 10-11-2009, 10:41 PM

I got a cashiers check from my bank and the seller just verified that the check was good and I drove the car home. I'm sure you could do something like that. Have him send a cashier check then you verify it. Then you allow the car to be shipped. But if he is being a sketch ball about it I would just walk away.

10-11-2009, 05:10 PM	#1
Mad06STi Scooby Newbie Member#: 123324 Join Date: Aug 2006 Chapter/Region: MWSOC Location: Madison, WI Vehicle: 2006 STi 07 Daytona 675	Long distance car sale - how to accept $$$ My brother is selling his car to some guy down in FL. Guy in Florida wants to send money via paypal, I say eff that. I told my brother to only do electronic bank transfer. The buyer says eff that, we might take the money and run. Looks like we're both worried about getting ripped off here. I was initially more worried about him being able to stop payment with paypal after getting the car, but in all honesty, I don't have a clue about accepting that amount of money over paypal. What's the easiest way to do this? WWOTD * Registered users of the site do not see these ads.

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10-11-2009, 05:12 PM	#2
snobordin8 Scooby Newbie Member#: 64984 Join Date: Jun 2004 Location: IN	Why not just pay with cash when the car is handed over? I wouldn't do Paypal just because of the fees involved.

10-11-2009, 05:12 PM	#3
Protege Menace NASIOC Supporter Member#: 41950 Join Date: Aug 2003 Chapter/Region: MWSOC Location: ,,\|,,(◕_◕),,\|,, Vehicle: (o _o) ┌∩┐	How is the car getting to the buyer? Either transact with cash when he gets the car, or find a local buyer.

10-11-2009, 05:15 PM	#4
Mad06STi Scooby Newbie Member#: 123324 Join Date: Aug 2006 Chapter/Region: MWSOC Location: Madison, WI Vehicle: 2006 STi 07 Daytona 675	Oh, sorry about leaving out that important piece of info. Buyer wants to use a shipping company. He wants to have this company just pick it up one day.

10-11-2009, 05:27 PM	#5
Keith NASIOC Supporter Member#: 191 Join Date: Aug 1999 Chapter/Region: NESIC Location: upstate ny Vehicle: no car anymore:( My PC > BSLICKOH's mac	Wirelessly posted (my phone bitch: Mozilla/4.0 (compatible; MSIE 6.0; Windows CE; IEMobile 8.12; MSIEMobile6.0) Sprint T7380) that is a hard one. Any family out there or something? Have him go with someone to the bank and get a bankers check made out. once you hear from your contact, you send the title down and he shipps the car. Something like that.

10-11-2009, 05:32 PM	#6
Daggah Scooby Newbie Member#: 152077 Join Date: Jun 2007 Chapter/Region: SWIC Location: Tucson, AZ Vehicle: 02 Miata LS Sunlight Silver	I hear Western Union money orders are good. Especially when routed through Nigeria.

10-11-2009, 05:38 PM	#8
gramicci101 Scooby Newbie Member#: 64763 Join Date: Jun 2004 Chapter/Region: MAIC Location: Delawhere? Vehicle: The cake is a lie.	Not always a nigerian scam. I sold my 4runner like that, and the transaction went just fine.

10-11-2009, 05:43 PM	#10
07Wagon Scooby Newbie Member#: 152718 Join Date: Jun 2007 Chapter/Region: BAIC Location: Citrus Heights, CA Vehicle: 2007 WRX Wagon	Use an escrow service?

10-11-2009, 05:45 PM	#11
gramicci101 Scooby Newbie Member#: 64763 Join Date: Jun 2004 Chapter/Region: MAIC Location: Delawhere? Vehicle: The cake is a lie.	Ok, this was 6+ years ago when the scammers weren't really in full swing yet, but I used paypal. I actually ended up holding the truck for an addional month for the guy because he was having issues with arranging a shipper. These days I'm sure most everyone would be going "OMG its teh SCAM!!!", but it worked just fine.

10-11-2009, 06:04 PM	#12
f4phantomii Scooby Specialist Member#: 58504 Join Date: Mar 2004 Chapter/Region: South East Location: Ready to try OpenECU.org!!! Vehicle: 2004 STi w/o wing Aspen White / Silver	So buying a used car sight unseen is becoming the norm now? When I sold my last car, a kid flew all the way from Kansas to buy it. He paid cash. Ther's simply no other way I'd do it.

10-11-2009, 06:07 PM	#14
Spootypuff NASIOC SUPER Supporter n00b jesus Member#: 200000 Join Date: May 2008 Chapter/Region: South East Location: spootypuff.com/forum/index.php	^^^ That's how I've bought two of my cars. I'll either fly or have someone drive me there. The seller and I would go to the bank and have them wire him the money.

10-11-2009, 09:04 PM	#16
iiiezekieliii Scooby Specialist Member#: 101624 Join Date: Nov 2005 Chapter/Region: BAIC Location: BERKELEY Vehicle: 2009 STi	ESCROW.COM - I think they charge a 1% fee.

10-11-2009, 09:09 PM	#17
Jack ffr1846 Ernie Ball Music Man Moderator Member#: 13699 Join Date: Dec 2001 Chapter/Region: NESIC Location: Hopkinton, MA Vehicle: 2008 LGT Having Vendor Relations	Drive to Florida. Do the transaction. Charge an extra $1k (what it'll cost him to ship anyways), buy a ticket home, fly home.

10-11-2009, 10:05 PM	#19
WhiteH2O NASIOC Supporter Member#: 452 Join Date: Oct 1999 Chapter/Region: NWIC Location: Gig Harbor, WA Vehicle: '02 WRX Wagon '85 Vanagon Weekender	I have done this three times now. Wire transfer bank account to bank account is the only way to do it. Period. Well, unless he wants to pay the paypal fees, but set up another paypal account to a seperate bank account and don't send the car until you get the money out of that paypal account and that bank account. What I am saying is: do the wire transfer.

10-11-2009, 10:27 PM	#20
bcblues Scooby Specialist Member#: 17256 Join Date: Apr 2002 Chapter/Region: MWSOC Location: America's Outback Vehicle: 04 STi Blue w/ custom bug splat	Paypal works, but the fees kill you (or the buyer). Wire bank transfers cost nothing these days,and are safe and secure. Not willing to do that, I say walk.

10-11-2009, 10:34 PM	#21
Jessie James Scooby Specialist Member#: 2072 Join Date: Aug 2000 Chapter/Region: MAIC Location: Sterling, VA	1. Complete a Bill of Sale. 2. Copy your ID. 3. Mail the BOS and ID to him. 4. He signs BOS and copies his ID and returns to you. 5. He sends you PayPal. You withdraw the funds. 6. You send car and title.

10-11-2009, 10:37 PM	#22
skateboy16 Scooby Specialist Member#: 137902 Join Date: Jan 2007 Chapter/Region: MWSOC Location: upper lower MI Vehicle: 94 leg2.2t Yore harshing my mellow	^^^^^ yeah that. if he's legit, then he'd have no problem with this. or shouldn't anyway. unless yore desperate to sell it i'd tell them you're going to need the wire transfer.

10-11-2009, 10:41 PM	#24
Panda Lover NASIOC Supporter Member#: 214367 Join Date: Jun 2009 Chapter/Region: MWSOC Location: Duluth, MN Vehicle: 2005 Impreza WRX STi Silver on Silver	I got a cashiers check from my bank and the seller just verified that the check was good and I drove the car home. I'm sure you could do something like that. Have him send a cashier check then you verify it. Then you allow the car to be shipped. But if he is being a sketch ball about it I would just walk away.