Last post on Feb 09, 2008 at 9:39 AM
You are in the Smart Shopper
What is this discussion about?
Jun 17, 2005 (9:20 am)
I just recently sold my car and had it listed in several areas such as Auto-Trader, local newspaper, flyer magazine....and when I received calls on it I would always ask where they seen my add...the answers were pretty spread out accross the board...some seen it in the paper, some on the internet, etc...
But like anything else, if you are trying to sell a product (in this case your car) then you have to put it out where it will give you the most exposure.
I did gets those scam emails and the answer I sent back was not very nice...trust me! I cannot say those types of things in this forum...
What I can say is that there is only three ways to accept payment on your car...
The first is cash!!! Now if your selling a $30,000 car then you may not want that kind of cash laying around in your house...especially since the person who just bought your car knows you have it!!! Need to think about that one...Second is a cashiers check from a LOCAL BANK ONLY!!! That way you can either go down to that bank with the buyer or call them to verify the funds...don't call the number that the buyer gives you...look it up...hell the person could give you the number to their scam buddy and you would never know....last but not least is a wire transfer...by far the best choice...I don't care if they have a bank, credit union, whatever...every financial institution has the ability to due a transfer. You supply the routing number and account number, bank name and presto it is all done...it only takes hours from funds to get from their bank to yours...it is strictly a deposit...and you don't have to worry about giving out your account number because if your bank is any good there is plenty of fraud security there to protect you.....Never, ever conduct deals of such great financial situations through emails...especially Nigerian!!!
Just read edmunds forums and your learn more in a week than you have your entire life....that's why this forum rocks!!!!
Be careful out there!
#58 of 86 Re: Scams [mldj98]
Jun 17, 2005 (11:10 am)
"You supply the routing number and account number, bank name and presto it is all done..." You are not seriously suggesting giving a stranger your bank account information are you?
#59 of 86 You do it...
Jun 17, 2005 (11:32 am)
...every time you write a check to someone.
Now, if you sign an auto-debit form, that's different...
#60 of 86 Re: You do it... [mirth]
by kyfdx@Edmunds HOST
Jun 17, 2005 (12:35 pm)
There is no sure or foolproof way to make a major transaction.. No bank is going to take the hit for any fraud you incur... Unless you operate entirely on cash, they will get their money back one way or another...
#61 of 86 Re: Scams [nonjth13]
Jun 17, 2005 (4:02 pm)
You give the information to the buyers bank rep...via telephone or in person if you go to their bank or vice versa.
I will say it again...if you have a good bank then they have security procedures in place to protect you and your account.
Besides...they have to pay you for your car someway...and for me, before I sign that title over I always make sure those funds are in my account. I have done this many times with no problems whatsoever!
If you have a good head on your shoulders and know what you are doing then there should be no problem.
And if all else fails and you just can handle selling a car to private party then just trade it in!
#62 of 86 I like playing around on autotrader....
Jun 20, 2005 (8:05 am)
It is irritating when the listers (dealers usually, sorry guys and gals) don't update their listings and remove them when the car sells. Also, lack of details in a listing is a waste - especially color and transmission. My experience is that most dealers that list these used cars KNOW ABSOLUTELY NOTHING ABOUT THEM. I nearly took a 4 hour drive to check out an Eclipse Spyder (from WV into Ohio). the listing quoted it as being a v-6, I called about it, the salesperson assured me it was a 6 cylinder, we talked price, and thank heavens, I took one last hard look at the autotrader photo and could just make out the GS on the back of the car. I called again and asked if that was a GS, she said yes, so, BAM, it's a 4 cylinder. She said that everyone at the lot thought all Eclipses were 6 cylinders. They even priced it as a GT.
My thoughts on autotrader....look all you want to, check and double-check before you buy!!
#64 of 86 Re: You do it... [mirth]
Jul 18, 2005 (2:39 pm)
>You do it every time you write a check to someone.
Interestingly, this also works in reverse - The back of the negotiated check gives you the recipient's corresponding information. This can be.... useful.
#65 of 86 Smells like a scam to me!
Oct 24, 2005 (9:38 am)
I have a car listed on autotrader.com. Last week I received an email from someone making a reasonable offer for my car. I thought it was a little odd to make an offer before seeing it in person but I did reply to him that I would accept his offer, and gave him my phone number to arrange to see the car. After 4 days I received the following email from him.
I am very sorry for getting back to you lately,I travel out of State for art exhibition and it will take me about three weeks to get back,I am actually getting the car for my old mum and will not like that you sell it to another interested customer.
As regards payment.I am very okay with the price of $14200 and will send to you US POSTAL Money order to avoid further tardiness in completing the transaction so as soon as you get it cashed i will informe the agent that will come for pick up.I will need your full name as you will want it on the check,and address,including your direct phone number for easy communication.Get back to me as soon as you get this mail because i will like the car to be ready before my old mum return from Mexico.
#66 of 86 Re: Smells like a scam to me! [bogiedriver]
Oct 24, 2005 (9:47 am)
I don't think you have a "buyer"...just too flakey to believe.
Some of these publications tend to attract this.