Folks Of Interest Is the old scam of paying more than asking price still going on ?

I started this under Folks Of Interest . Scammers are allways of interest . Have,nt seen a scam thread for a while now. You know the one. I have a guy two countries away in France who wants to buy two of my useless boring mid 1940s project cars , pay full price, ( 2000 ) no haggling. He has no time to come and look. He trusts me so he will send a transport company to collect. ( my guess cost at least a extra 1000 or more ) He even sent a copy of his ID. I have sent vintage parts all over the world and first time that someone sends me their ID . All he wants is my bank account ( i know )
Tomorrow i will dive into all the info i have of him. Bit late here, almost time to hit the sack .
Thanks for reading. See my thread ***le.

 

No reason to hand over your banking info if you simply state tell this clown "no need for you to have my banking info, simply have your shipper bring me cash". That being said, I wouldn't waste any more time on this as it is clearly a scam.

 

scam! move on

 

Red flag scam!!!!
Never give out your bank info.

 

Just how do you expect him to wire you the money if you don't give him your bank info?

 

This is quite simple. Cash comes with the transport company driver. You get the cash and then the transport driver gets to load up the cars. Simple as that!!

 

Trying to buy a car (and sometimes parts) from the other side of the world can sometimes be a royal pain in the asp.
The transport driver will ususally have nothing to do with the exchange of cash on behalf of someone else on the other side of the planet - would you? If that is the case, and the car arrives and it is a POS, who you going to blame first? The driver? yourself, for not having had it checked out first? Ghostbusters? I have handed out my bank details hundreds of times, the only thing the other person can do with it is deposit money into the account - sure! go ahead! They can't take anything out unless they know your PIN that goes with that account. If you give someone else your PIN, then you deserve what you get.
If you think there is a slight possibility of this being legitimate, I would speak to my bank about the details you need to send, as there are other things which are needed for an international transaction (SWIFT codes, etc). Then the "buyer" can only deposit money into your account. If you see some loot in there , happy days! Then just wait for the transport to arrive. As long as you don't fall for the "send me back the overpayment" trick, but a quick check with your bank will let you know if the money is there.

 

Did you talk to him via phone or email correspondence only?
Generally the scam is when the get you to pay the shipper from funds they sent [which is the fraud]
Don't trust a cashier's check [even if it clears first] This is a scam in itself.
TALK TO YOUR BANK ....They will help here [they get funds transfer fees for this]

I purchased a car in USA in the opposite situation to you.

First thing I did was ask for the sellers phone number to talk directly to the person involved.
Then [thanks to the HAMB] I reached out and asked a Hamber to check the vehicle for me [He took a photo of the vendor standing next to the car, in case there was ID issues later]
With Payment the vendor got very paranoid so I asked him to contact His Bank and supply me the bank's branch address, phone number and manager's name.
Then my bank phoned them, and sorted it out. [They charged me approx NZD $30]

It can be done ........ But there are a few hoops to jump through to establish credibility / traceability [both ways]

 

Over the years I've sent (and received) thousands of dollars overseas with Wise.com...a third party international money transfer company...similar to Paypal. Registering is kind of a pain in the ***...but it is safe and secure. Worth the effort.

 

I'm an old coot, and have learned to trust no one who doesn't have a fistful of cash.
I've had a few of these for every vehicle I've sold. When I say "Just have your representative bring cash." That usually ends the conversation.
One of the other ones is asking for a vehicle history report....something other than carfax. They want to direct you to a website where they bill your CC for this bogus report, then use your CC information again and again.
I almost fell for this the first time, but fortunately the caller (texter) pissed me off, and p***ed me off good. That prompted me to research it.
I would just say proceed with your eyes wide open. Better to p*** on a deal than become a victim.

 

Best thing is still cash in hand. Even with pay pal, etc. People can still put a claim and the company can revoke your money. Be observant, certain selections in apps, whether its private sale, public or whatever purchase category. Whatever can guarantee a scammer their money back or guarantee your loss on a sale for b/s damages, claims, etc. If they can't be there to make a trip their loss. Better theirs than yours.

 

Maybe I don´t fully understand what your concern is. He is sending you money , sending a shipper that he´s paying, right? I´ve bought at least a dozen cars that way, sometimes it´s not justifyable to take 2 days off for a roadtrip to pick up a cheap project car.
How could he screw you out of any money by having your banking info? All he can do is send money into your account and wait for your ok when you´ve recieved the payment to tell the shipper to go pickup the cars.

 

Be aware that in some countries the money can be grabbed back by the sender within a week or so. Thus the cars will be picked up immediately and a short time later the money vanishes....

 

To me it sounds a bit strange, I'd have never purchased a car like that but I can see this being legit. However, I agree with those who said "talk to your bank" - I'm sure if any safety measure needs to be put in place they'd be able to do it.

 

If it worries you that much, you can always run a separate bank account solely for EFT transaction purposes.
Stays almost empty. Transfer funds in if you want to use EFT to buy something. If someone pays you by EFT into the account, immediately transfer it out. Works good for me for both personal and business stuff.......

 

Run! Don’t walk away from this.

 

Here’s why I personally won’t give a bank account number out.
I pay my solar loan as a “guest” payer. I put in the routing number and the account number and the amount I want to pay.
No PIN, etc.

So, humor me.

Do a search on “what is the routing number for a -name a bank- in -name a town and state-“

So if I have a routing number and an account number, I can pay a bill.

Say I’m a real scammer type.
I’m real good at what I do.
I go buy a car on a loan with fake papers, etc of who I am, I get enough in for from enough people, I pay my loan off in one fell swoop. I pay via 20 ? Different accounts, over a holiday weekend.

Ya, I think of **** like that.

But, I will sell you a ‘31 Model A with 1800 original miles for 1500, just wire me the money and THEN I’ll meet you at your chosen place.
Edit: I should add, I’m sure the money would be returned to your account, but the h***le of being broke for a few days? Is stress not needed.

.

 

Oh yes. It never ended.

 

I like wire transfers, I have never had one go bad. But everything was in the US. The last was my Ford and the seller was a legit business that I trusted.

 

Exactly what I do for transfers, its a account I open just for this purpose, once money hits it, transfer out and there is no way back for sure.

 

"IS THE OLD SCAM OF PAYING MORE THAN ASKING PRICE STILL GOING ON ?"

Of course it is.

 

So is he offering to pay you more than asking price, likely with some sort of stipulation, or just not haggling, and paying for transport?

I sold an old but OT truck a few years back to a guy several states away. After a phone call, he was ready to buy it and send a transport down. I insisted on having a FaceTime walkaround, to make sure that he saw every aspect of the truck.
He still wanted it, and did a bank transfer to me, with the understanding that I would not release the vehicle to the transport until my bank told me the money had cleared and was past the point of a charge back.
It worked out fine.

 

100% scam, and an old one but still works. you will be asked to pay the bogus shipping company with a money transfer which can be cashed anonymously and he will pay you with an alleged IBAN payment (he will send you the IBAN conformation from his bank) which will bounce after a few days and never appear in your account. Some scammers have migrated to facebook pinching photos of cars and parts from other legit selling sites to "sell". But their fake profiles are easy to spot if you know what to look for.

 

Lots of the electronic transfers can be revoked. Sometimes its the correct thing because the seller was scammer or sold something that was not as advertised. Been there/done that. Even supposed "certified" checks don't always prove out. I'd only do the "cash at the time of sale" no matter how honest he sounds..........

 

My BIL put a Jeep in a local WV news paper, on a Saturday. That after noon he got a text from Arizona, offering twice what he was asking. I don't know what went on in correspondence, he may have been embarr***ed to tell me. Monday morning he called and said he got the check and it was drawn on a local MD credit union. I told him to call the credit union. They asked if there was a number in the top corner of the check. Then asked if the first digit was a "7", he said yes. Then they said, "Do Not Deposit It! It's a fake". After we laughed about it, we looked at the Red Flags. How did a guy in Arizona find that add in a little small town paper in WV? Program searching every paper in the world, and it's a SCAM. Why would he offer twice instead of , "will you take less"? Because it's a SCAM. How did the guy in Arizona find a Credit Union close to WV, to make it look real? Becasue it's a scam. And, they did it all in a few hours.

 

I sold a car from MD to CA. The buyer paid up front, I forget what method he used. He arranged the transport. I told him a big 9 car carrier could not get to the car. A big 9 car carrier showed up. He said no problem, and called a roll back. The roll back loaded the car up, they found a wide shoulder and the roll back, backed up to the carrier, done deal. No fuss, no muss.

 

if a wire transfer is over 10k the bank has to report it and youll likely have to pay taxes on it anyway so why not just go through Paypal and have him pay the fees?

 

Thanks for all your answers. I have,nt replied to said Frenchy since yesterday and he is keeping quiet as well. I have sold quite a few Topolinos as well to different countries in Europe . They were paid in advance and collected by a shipper at my door but somehow there is a gut feeling involved and thats why i asked the question in the thread ***le.

 

I’m just an old fashioned country boy, but I still believe in Cash on the Barrrelhead in person.

 

My late wife was a banker, she would get those with her customers now and then. Almost always something fishy out of the country. She would call me and ask my opinion as she knew I had bought and sold many a car all over.