A story to learn from that I would like to share with all of you.
#16
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</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica"> Edit: I don't remember if it was Terry or another Rennlister but I posted a question about shipping my vehicle to Nigeria and got a response from him and a nice warning of the scams they try to perpetuate. </font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Yes, Greg, that was me.
#17
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</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by Terry Adams:
Yes, Greg, that was me.[/QB]</font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Well, I owe you a belated thank you for giving me a heads up. Not one single part of the "deal" made any sense but it could have been easy to get wrapped up in the excitement of getting a unbelievable price for the truck. I warn anyone to never even consider doing business with anyone if the country Nigeria even enters the conversation. If you go to a governement website you will see the nature of the frauds they attempt and if you lose $$ there is no way to get anything back if they are out of the country. Fraud has to be the #1 revenue generating business in that area.
Thanks again Terry. <img border="0" alt="[cheers]" title="" src="graemlins/beerchug.gif" />
Yes, Greg, that was me.[/QB]</font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Well, I owe you a belated thank you for giving me a heads up. Not one single part of the "deal" made any sense but it could have been easy to get wrapped up in the excitement of getting a unbelievable price for the truck. I warn anyone to never even consider doing business with anyone if the country Nigeria even enters the conversation. If you go to a governement website you will see the nature of the frauds they attempt and if you lose $$ there is no way to get anything back if they are out of the country. Fraud has to be the #1 revenue generating business in that area.
Thanks again Terry. <img border="0" alt="[cheers]" title="" src="graemlins/beerchug.gif" />
#18
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My pleasure, Greg. I'll accept a few laps as a passenger at the track if our paths should cross.
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Interesting twist. When I bought my 97, my wife(who will remain nameless...) handed me the wrong checkbook. I wrote the check and the dealer/seller verified the funds. Everything was fine. The bank approved it. Of course, the check came back as NSF. That account was closed a year before. I am not too sure how the hell they verified funds for a stale account.
And yes, I reissued a check (and felt like an idiot because I was sure it was "their bank's fault").
And yes, I reissued a check (and felt like an idiot because I was sure it was "their bank's fault").
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I had an interesting experience last week - I was selling my wife's 95 Mustang GT Conv... This guy drove an hour on the first day it was in the paper. We agreed on a price and he handed me 7000 in cash! I was a bit shocked.
After reading all of this stuff, I'm glad my transaction worked out so well.
You gotta love the green stuff!
After reading all of this stuff, I'm glad my transaction worked out so well.
You gotta love the green stuff!
#21
Robin took a cashiers check from me and didn't check it. I must have an honest face.
The car dealers have insurance that protects them from bogus checks.
I recently sold 2 cars and a 17,000 watch where people wired the money to me and paid sight unseen. They had never even met me.
I always verify cashiers checks and try to get a wire instead.
If I buy a car I always get the title and make sure the guy owns it.
Lots of very honest people out there but also a few crooks.
I know a couple of people who have let people test ride thier motorcycles and the guy just doesn't come back.
The car dealers have insurance that protects them from bogus checks.
I recently sold 2 cars and a 17,000 watch where people wired the money to me and paid sight unseen. They had never even met me.
I always verify cashiers checks and try to get a wire instead.
If I buy a car I always get the title and make sure the guy owns it.
Lots of very honest people out there but also a few crooks.
I know a couple of people who have let people test ride thier motorcycles and the guy just doesn't come back.
#22
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</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by Mark in Hermosa:
<strong>Interesting twist. When I bought my 97, my wife(who will remain nameless...) handed me the wrong checkbook. I wrote the check and the dealer/seller verified the funds. Everything was fine. The bank approved it. Of course, the check came back as NSF. That account was closed a year before. I am not too sure how the hell they verified funds for a stale account.
And yes, I reissued a check (and felt like an idiot because I was sure it was "their bank's fault").</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">tsk tsk!
Most dealerships have check guarantee companies. Every check is Good regardless! costs run x% per check, and every check must be run thru!! IT really adds to the overhead.
<strong>Interesting twist. When I bought my 97, my wife(who will remain nameless...) handed me the wrong checkbook. I wrote the check and the dealer/seller verified the funds. Everything was fine. The bank approved it. Of course, the check came back as NSF. That account was closed a year before. I am not too sure how the hell they verified funds for a stale account.
And yes, I reissued a check (and felt like an idiot because I was sure it was "their bank's fault").</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">tsk tsk!
Most dealerships have check guarantee companies. Every check is Good regardless! costs run x% per check, and every check must be run thru!! IT really adds to the overhead.
#23
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I remember when we sold our old '55 Chevy race car, the guy starts pulling $10K worth of $100 dollar bills out of every pocket and shoe on his person. Like someone said, you gotta love the hard cold cash!
#24
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</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by mo:
<strong>Randy,
Did you immediately drop the insurance when you sold the car ? Interesting insurance paid after 10 days (great for you). Suspect it was insured on day you sold, and because car was considered "stolen" they reimbursed you. Just curious.
Thanks for sharing the experience.</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Exactly. Since you are insured on the date of loss (not the reported date) you are covered.
On a side note: I live in Cary NC, a very upscale town outside of Raleigh, and a few years ago, the local Chevrolet dealership accepted a personal check from a couple of guys for two new Corvettes on a Saturday. Once the checks bounced the following week they reported the cars stolen, and they eventually turned up in New York. This was told to me by a city cop (it never made the papers). I thought it was sorta funny, but with every car I've bought recently from a dealer, I use a personal check, mostly because it's convenient but also because I'm curious how they'll react. It's typically drawn off of my brokerage account, not a bank, so I don't think they can call to see if it's good (not sure about that). I've never had a problem.
Bought and sold numerous cars from individuals and so far I've had none of the horror stories described here, but it's good information to share. When I sold my 993, I delivered it to Atlanta (despite knowing the buyer only through an Internet digest, then email and a couple of phone conversations) and he paid me with a certified check, and we were both happy with the transaction.
Michael
<strong>Randy,
Did you immediately drop the insurance when you sold the car ? Interesting insurance paid after 10 days (great for you). Suspect it was insured on day you sold, and because car was considered "stolen" they reimbursed you. Just curious.
Thanks for sharing the experience.</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Exactly. Since you are insured on the date of loss (not the reported date) you are covered.
On a side note: I live in Cary NC, a very upscale town outside of Raleigh, and a few years ago, the local Chevrolet dealership accepted a personal check from a couple of guys for two new Corvettes on a Saturday. Once the checks bounced the following week they reported the cars stolen, and they eventually turned up in New York. This was told to me by a city cop (it never made the papers). I thought it was sorta funny, but with every car I've bought recently from a dealer, I use a personal check, mostly because it's convenient but also because I'm curious how they'll react. It's typically drawn off of my brokerage account, not a bank, so I don't think they can call to see if it's good (not sure about that). I've never had a problem.
Bought and sold numerous cars from individuals and so far I've had none of the horror stories described here, but it's good information to share. When I sold my 993, I delivered it to Atlanta (despite knowing the buyer only through an Internet digest, then email and a couple of phone conversations) and he paid me with a certified check, and we were both happy with the transaction.
Michael
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There is some trust in everyone! On a Saturday during Christmas of 1989 I was in Columbia SC in my 1987 911 Coupe. I had to stop at the local Porsche dealer for something trivial and saw a gorgeous new 1989 Black-on-Black Targa with spoilers in the showroom. I asked my wife if she minded that I ask what they would trade my 87 for the 89. The deal was great. Problem was, I did not have the difference in my checking account nor did I have the title with me. They merely took my car and asked me to Fedex the check and title when I had a chance. Now that is trust! I took off for home and had the check and title at FEDEX by 0900 Monday morning.
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There is some trust in everyone! On a Saturday during Christmas of 1989 I was in Columbia SC in my 1987 911 Coupe. I had to stop at the local Porsche dealer for something trivial and saw a gorgeous new 1989 Black-on-Black Targa with spoilers in the showroom. I asked my wife if she minded that I ask what they would trade my 87 for the 89. The deal was great. Problem was, I did not have the difference in my checking account nor did I have the title with me. They merely took my car and asked me to Fedex the check and title when I had a chance. Now that is trust! I took off for home and had the check and title at FEDEX by 0900 Monday morning.
#27
As an added idea for out of town purchasers: When I bought my car I went to the bank and got a cashier's check. I took a picture of the check and e-mailed it to the seller. I also gave the seller the name of the teller and the branch manager of the bank along with the bank's name and address. I told the teller and branch manager that the seller would be calling. The seller called information to get the phone number (so I couldn't have faked being the bank) and called the branch manager. He was able to read them the cashier's check number, and they were able to confirm who I was, that the check was good, that I had told them of the transaction, etc. Then when I showed up, the seller knew that the check was genuine, and valid for payment.
I benefited by not needing to wire money to an unknow person until we had met face to face and I was in the driver's seat.
This is just a simple idea that can protect both parties and it worked very well in this instance.
I benefited by not needing to wire money to an unknow person until we had met face to face and I was in the driver's seat.
This is just a simple idea that can protect both parties and it worked very well in this instance.
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</font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by Greg Fishman:
<strong> </font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by Terry Adams:
Yes, Greg, that was me.</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Well, I owe you a belated thank you for giving me a heads up. Not one single part of the "deal" made any sense but it could have been easy to get wrapped up in the excitement of getting a unbelievable price for the truck. I warn anyone to never even consider doing business with anyone if the country Nigeria even enters the conversation. If you go to a governement website you will see the nature of the frauds they attempt and if you lose $$ there is no way to get anything back if they are out of the country. Fraud has to be the #1 revenue generating business in that area.
Thanks again Terry. <img border="0" alt="[cheers]" title="" src="graemlins/beerchug.gif" /> [/QB]</font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Actually my brother company (in South East Asia) biggest export customer is to Nigeria thru a Nigerian counterpart and the transaction is always on cash basis. The Nigerian counterpart will actually come to my brother company with cash to pay for the transaction.
Pram
<strong> </font><blockquote><font size="1" face="Verdana,Tahoma,Helvetica">quote:</font><hr /><font size="2" face="Verdana,Tahoma,Helvetica">Originally posted by Terry Adams:
Yes, Greg, that was me.</strong></font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Well, I owe you a belated thank you for giving me a heads up. Not one single part of the "deal" made any sense but it could have been easy to get wrapped up in the excitement of getting a unbelievable price for the truck. I warn anyone to never even consider doing business with anyone if the country Nigeria even enters the conversation. If you go to a governement website you will see the nature of the frauds they attempt and if you lose $$ there is no way to get anything back if they are out of the country. Fraud has to be the #1 revenue generating business in that area.
Thanks again Terry. <img border="0" alt="[cheers]" title="" src="graemlins/beerchug.gif" /> [/QB]</font><hr /></blockquote><font size="2" face="Verdana,Tahoma,Helvetica">Actually my brother company (in South East Asia) biggest export customer is to Nigeria thru a Nigerian counterpart and the transaction is always on cash basis. The Nigerian counterpart will actually come to my brother company with cash to pay for the transaction.
Pram