I have a party interested in my ACR. Problem: he is in Canada. I'd like to move the car ASAP for obvious reasons.
We're haggling price as we speak, but buyer stated he could wire me the money when we reach an agreement.
For the record, the guy has been a member of the Neon community for quite some time, and doesn't really seem scammy in any way. I am still, however, a bit leery because I've only dealt in cash.
He plans on either fly + drive or trailering it home.
The bank stated that an international transfer would take 48 hours to clear. There would be no way for a chargeback, etc. Still, I've never done one.
I have been pushing the issue of picking it up and paying cash/Certified check, even at a slight discount.
Just looking for a few more opinions or anyone with this sort of experience.
A wire to your account is 100% safe. Once done it cannot be reversed.
Mazda787b wrote:
He plans on either fly + drive or trailering it home.
Have him arrive with cash if that makes you feel better.
Tell him you want it all in Loonies and Twoonies, only
Wire transfers are safe. I have also accepted certified checks but the car had to stay in my possession until the check cleared. When buying out of state, there is a trust among both parties; that the buyer won't screw you out of funds and that the seller doesn't run away with the money and the car.
I personally have been on both sides of the situation and I suggest do your homework and if it seems legit, go for it. Scammers will never involve negotiation and will ask for a ton of personal information off the bat. Basically they are ready to buy your car and haven't asked a single question about it.
Best of luck to you and any questions let me know. I and I'm sure many other members have bought and sold out of state.
The last time I sold a car to Canada the buyer arrived with US cash, made it easy. But others I know have gone the wire route. Once they have the funds, they FedEx the title, then wait for the buyer to pick up or ship the car.
If he's planning on picking it up, why not have him wire you a 10% deposit, then bring the rest in cash or cashier's check?
Mazda787b wrote:
... but buyer stated he could wire me the money when we reach an agreement.
For the record, the guy has been a member of the Neon community for quite some time, and doesn't really seem scammy in any way.
Sounds like a GRMer. Trust him but ask if cash is a problem. 'Merican or do the exchange rate.
If he's not comfortable getting on a plane with $ ----- dollars in his pocket, do the wire transfer but allow him to pick it up after it clears.
Your car.
His money.
Trust is a given.
Cover your ass.
Dan
Canadian eh? dodgy lot them. reminds me of Nigerians, only with better grammar.
A wire transfer is FAR safer than a certified check. With the wire, the money is yours. Certified checks can be forged (that's what a lot if the scams use).
He has 72 hours to kill anyway. He has to fax a copy of the title to the US border crossing 72 hours before he shows up there so they can clear the export. That will give you time to clear the dough. Bank draft is probably best- wandering across the border with a stack of hundreds can raise a couple of eyebrows.
Funny joke- hide a bag of dope under the rear seat. Oh, how he will laugh!
What's his neon.org screen name? I'm pretty familiar with the neon crowd in this area, if he's coming from Ontario.
Wire transfers are great for the seller, but don't leave the buyer with much protection. Once the money has left their account, it's gone. As a seller, I'd accept one, but as a buyer I wouldn't use a wire transfer to pay for a car.
