View Full Version : Whadya think???
Ok maybe you guys can help me on this one. Been back and forth with this guy and he seems like he really wants the car. Hes owned a couple similar to it in the past. He wanted to know if I could bring the car to the transporter, then he said the transporter would come to me. I informed him that I would not release the car until the certified bank check cleared his bank and mine. He's still interested. He now wants me to fax a copy of the title to his "banker" so hes got something for his file. Sound fishy to you? Or is this a reasonable request. I figured I could make a copy of it and then write COPY ONLY in big black letters before I fax it to him. What do you guys think. Any feedback would be appreciated.
Thanks
Oh yea am when I called the phone # he gave me, It was a fax machine
knova70
01-23-2008, 02:28 PM
It is a scam! that same email has been sent to others on here,If he wants the car bad enough?Tell him to pay in CASH!and in person,Thats the only way to do it right ,don't even think twice about it!
shawnp
01-23-2008, 02:41 PM
You should be able to right up a purchase agreement that would satisfy a bank. I am an underwriter for a bank and speak from experience. It is easy to tell someone to bring cash but there are not to many banks that are going to hand cash to someone to go buy a car. If he is getting a loan then you can fax the purchase agreement to his bank and even cordinate a bank to bank wire transfer for release of funds.
knova70
01-23-2008, 04:12 PM
You dont need a copy of the title to get a loan?If he gets a loan for the car? He should be able to get cash for the purchase of the car on approval from the bank?Cash is the best way to deal!
lively
01-23-2008, 04:25 PM
IF HE REALLY WANTS IT A DEPOSIT WOULD BE IN ORDER AT THIS TIME 8) 8) 8) ---GOOD LUCK AND BE EXTRA CAREFUL WITH THIS ONE!!!--LIVELY
lotsof454sss
01-23-2008, 05:12 PM
I would continue to try and contact him before I did anything and at that time he can tell you the banks number and his load officer...From there you should be able to verify the validity of his claims and calm yourself also...If you do fax a copy then by all means put "copy" on the title copy you send to his bank...
Be very careful with this transaction is my advice also...It may be 100% on the up and up but may not be...You need to keep posting the results and get opinions...These guys have seen and heard about all the scams out there so far...
This guy lives in South Dakota and I live in Florida. I think that is why he is a little cautious. Its not really around the block. But what would be his motive for asking for a copy of the title? Im asking cause Im curious.
P.S. its not a lot of money were talking...under 4k.
lotsof454sss
01-23-2008, 05:31 PM
It can be called DECEPTION....It may be truely an honest deal and I hope it is, but you are right...Florida to South Dakota for a 4 grand car :shock:
Please tell us more as to what kind of car etc...
mcracecars
01-23-2008, 05:34 PM
something dont add up here to me....check things out more before you start faxing off serial numbers and names and such....is the phone # a ligeit south dakota area code, .....
when I did a check on the phone #s he gave me there was a south dakota # and a S.D. fax machine. Ad # 1083819.
Scorpion1110
01-23-2008, 07:31 PM
I keep reading this post and something is bothering me.
When I have financed an old car, the bank did indeed want to see the title, but that was after I had obtained ownership. At that point they applied for the lean on the car, and I received a title with the lienholder stated on the title.
So here's what you do; ask for the name of his bank, and the address. Look up the bank on the internet, call them and see if they require a title copy to finance a collectible car. Do not get the name of his banker and phone number from the prospective buyer, it could be a partner or friend posing as a banker.
If you decide to do a deal, set up an account in your name. Put a $100 in it to open it and use it as your wire transfer account, or a suspense/clearing account if you want to call it that. Have him wire to this account and when the money is there withdraw and move to another account. Your only risk of loss if he accesses the account somehow would be the $100.
Last question to the forum readers, what could you do with a title copy, access to a title recreation company like broadway title, and the ability to use a site like lawdepot.com to create a legal bill of sale. Could you create ownership of a car identity for DMV purposes, maybe for a race-car you have that doesn't have paperwork? Is that a possibility?
Just some thoughts.
Take care NKG, this one worries me for some reason.
mcracecars
01-23-2008, 08:18 PM
I have a question.
In Ontario here where I live, we buy a car, we get an ownership paper, basicly, it has the vehicle vin, the owners name and information, and the sticker for the license plate renewal. We dont have titles.....
so what is the difference in the US , title and ownership??
just curious here...
shawnp
01-24-2008, 09:50 AM
You dont need a copy of the title to get a loan?If he gets a loan for the car? He should be able to get cash for the purchase of the car on approval from the bank?Cash is the best way to deal!
The bank does not require a copy of the title up front. That is what the purchase agreement is for. Once they have approved the deal, they will require that the title be turned over to them to file for Lien. You will then get a copy of the title with the funding bank as lienholder.
NO bank, with the exception of some small, local credit union will give you cash. The bank check will act as a paper trail for the bank and becomes an instrument of negotiation if they do not get the title from the buyer and/or seller.
Gimmethakick
01-25-2008, 05:58 AM
Maybe the buyer wants to see the title just to make sure that you have one. I've seen lots of deals go down and that was brought up after the fact. Also may want to see if the title is branded. Just an idea.
greg3333
01-25-2008, 12:31 PM
ASK FOR A NAME, STREET ADRESS, CITY, STATE, ZIP, then spend about 50 and do an online background check to see if that individual exsists where he says he is at.
good luck
Just an update. I asked the guy for his bank name and address and he gave it to me no problem, however the original fax # he gave me was the one at his job.( I found that out by going to white pages and looking it up. Then for 14.95 you can get the name and address of where the fax # is.) I also think that the buyer wants to make sure that I have the title of the car and I am not scamming him.
And I just wanted to reply to mcracecars. In Florida, we only have a title to prove ownership. I guess that would be the same as your ownership papers. Name..address..vin # etc is all on the title.
Also when I made a copy of the title, the words VOID were written all over it. I dont know how it happens but whenever you scan or make a copy of a title, that happens. Try it and see for yourself. Something in the watermark I think.
Well I appreciate everyones feedback and someone suggested to me that I do Western Union. Im going to look into that tomorrow.
Thanks again
topsportsman1
01-25-2008, 06:30 PM
I'd be very careful using western union,I'd stick with the bank to bank wire transfer if I were you
shawnp
01-26-2008, 04:13 AM
Western Union is costly. If it is a bank loan he is getting, they will send funds direct to your bank. Once they clear, you can release car and title.
hammertime
01-26-2008, 08:59 AM
I've used western union one time, on a twin turbo motor a guy from sweden purchased. I was very up in the air about doing it, talked to western union people for awhile to make sure that this was all real money, the told me if its in the account # he gave me then the money is there. He has to pay them to have the money in there. I also had him pay the fees. The 2nd half of the money we did a bank transfer. Ended up being a straight up deal and he paid to ship it and all.
dirtpimp
01-26-2008, 01:32 PM
wire transfer or cash only . if it is cash , get a marker from your local bank to check each bill with . wire transfer works nice 8)
Thanks for everybodys feedback. Ill let you know how the deal goes.
zipper06
01-27-2008, 10:58 PM
Just an update. I asked the guy for his bank name and address and he gave it to me no problem, however the original fax # he gave me was the one at his job.( I found that out by going to white pages and looking it up. Then for 14.95 you can get the name and address of where the fax # is.) I also think that the buyer wants to make sure that I have the title of the car and I am not scamming him.
And I just wanted to reply to mcracecars. In Florida, we only have a title to prove ownership. I guess that would be the same as your ownership papers. Name..address..vin # etc is all on the title.
Also when I made a copy of the title, the words VOID were written all over it. I dont know how it happens but whenever you scan or make a copy of a title, that happens. Try it and see for yourself. Something in the watermark I think.
Well I appreciate everyones feedback and someone suggested to me that I do Western Union. Im going to look into that tomorrow.
Thanks again
Not understanding why your title came back VOID when you scanned it. I scanned one tonite, then bloted out pertent imformation. I seen no changes on my title before i bloted it in spots.
Has your title been issed to you my your home state or is it a title someone gave you? If someone gave it to you other than your home state it might not be ligit.
Zip.
Scanned title,
http://img03.picoodle.com/img/img03/4/1/28/t_vettetitlem_67a6a3d.jpg (http://www.picoodle.com/view.php?img=/4/1/28/f_vettetitlem_67a6a3d.jpg&srv=img03)
Gimmethakick
01-28-2008, 06:57 AM
Depends on what state your in. I'm in Va. and some of the ones here come up void when copied.
The title was issued to me by the state of Florida. I guess its a way to assure that a title cant be duplicated.
On another note. I called the 'BUYER' yesterday and we had it all planned out to send the money via wire transfer. I was going to the bank today to get the info I needed and to open up a seperate account just for the transfer. Well he called me this A.M. with a "life altering experience"...something to do with his wife getting another job or something. Needless to say he's just another tire kicker. At least he called me.
Thanks again for everyones input. Greatly appreciated.
Marianne
zipper06
01-28-2008, 03:43 PM
That SUCKS, but atleast he had the curtesy to call you and say he couldn't do it.
Zip.
shawnp
01-28-2008, 04:55 PM
That SUCKS, but atleast he had the curtesy to call you and say he couldn't do it.
Zip.
Amen to that. Most tire kickers beat you up and you never hear from them again.