I need your opinion

[Dane VN V8]

I need YOUR opinion

Okay I am going to see a guy at his house today about selling my car, I am taking my old mate who is 42 with me as he is alot smarter and know what to do if the situation turns bad. Anyway the buyer told me over the phone if he likes my car he will transfer the $16,000 - $16,500 into my account and drop me off home. I don't like the sound of this that is why I bringing my older mate with me who is also mates with a police officer.

My older mate told me not to do it only accept a Bank Cheque (not a personal one) or cash. Or take a deposit and we will leave the car at the police station of his mates so nothing can go wrong with the car. Or if he is with commonwealth the same bank as me we will let him transfer the money over ONLY if me and my older mate get to watch him do this over the internet.

My older mate owns his own buisness and knows how the internet banking works, if it happens before 6pm and he is with commonwealth it will get into my account hopefully before midnight but IF he is with another bank it will take to thursday night or even longer because of the public holiday.

My older mate does not like the sound of transfering money as he has never heard of anyone doing this before. So I would like some opinions of you older BLOKES and LADIES on this forum, the buyer sounder legit (but could be an act) and around his 30's. I am meeting him at his house and I have his house number but I am just a little worried if the money does not transfer into my account.

Dane.

[ssgirl2]

I need YOUR opinion... So I would like some opinions of you older blokes on this forum...

:wave: Dane. I was going to offer my opinion, but unfortunately I'm not an "older bloke" :p

SS :cussing: ;)

[Dane VN V8]

:wave: Dane. I was going to offer my opinion, but unfortunately I'm not an "older bloke" :p

SS :cussing: ;)

Sorry I should say older people.

Dane.

I edited my first post for you ssgirl :wave:

[atcji]

Sounds dodgy. From IT point of view he can demonstrate what looks like a legitimate CBA web site and transfer the money via PayAnyOne, but that would be his computer and you have no control whether it is a real web site and/or real transaction. I would not leave my car until I verify that the money got into my account. If I need to verify it online I would only use MY computer (or CBA branch computer). Why can't you both (you and buyer) do a short trip to the local branch and he can do a bank cheque or direct transfer at the desk. It only takes 5min...

[Dane VN V8]

Sounds dodgy. From IT point of view he can demonstrate what looks like a legitimate CBA web site and transfer the money via PayAnyOne, but that would be his computer and you have no control whether it is a real web site and/or real transaction. I would not leave my car until I verify that the money got into my account. If I need to verify it online I would only use MY computer (or CBA branch computer). Why can't you both (you and buyer) do a short trip to the local branch and he can do a bank cheque or direct transfer at the desk. It only takes 5min...

Yeah that is what I was thinking and that is what my older mate had mentioned he also thinks it is dodgy. I might not be seeing him to after four pm, it depends when my older mate finishes work as I am not going alone. But my older mate said he would only do it by bank cheque, cash or a deposit.

Dane.

[Vulture]

Simple, let him have the car once the internet transfer is confirmed and the monies appear in your account (probably 24hr or thereabouts). If the bloke is genuine then this shouldn't be a problem.

[Dane VN V8]

Simple, let him have the car once the internet transfer is confirmed and the monies appear in your account (probably 24hr or thereabouts).

But wouldn't the public holiday affect this?

Dane.

[Boom]

I bought a car this way a while back. Gave the seller a cash deposit. Got a receipt and details off his drivers licence. Transferred the money by internet and waited unyil it was in his acount. I had no problems doing it that way. Also beware of Bank Cheques as well. Cunning operators know how to rort this as well. An aircraft maintenance mob in Sydney lost a heap of bucks from a legitimate bank cheque. Bloke who got the work done reported cheque lost and had it cancelled. My advice is to not part with the car until the funds are cleared into your account. If the buyer doesnt like this then dont sell.

[Ryzz]

But wouldn't the public holiday affect this?

Dane.

Transfers between different banks is normally next business day, in this case NDB would be Thursday. As has been mentioned, tell him he can transfer the money and you will deliver the car with all the relevant paperwork from the RTA/VicRoads/etc once the money has been received in your bank account. The only other way i would accept the funds would be a Bank Cheque or cash in hand (ie he gives you a briefcase with $16,000 in it, you count it and confirm it to be correct)

[rabbit]

mate tell him to gaet a bank cheque, if he is for real he wont have a problem with it. wot ever u do dont let him take the car if u dont hav the money.

[muzza]

He may be a genuine buyer - but maybe not.

Rule #1: Protect yourself and your interests first. If the buyer is genuine he will cooperate with you in achieving a transfer you are happy with.

The internet bank bit is dodgy and could be faked by someone half-clever with computers.

With cars, cash, BANK cheque or direct transfer AT A BANK are the only things that you can rely on. BTW, genuine bank cheques I have seen have a trick heat-sensitive printing on the back you can check.

Sounds like you are being reasonably cautious - good on you.

[Dane VN V8]

Thanks for the opinions, the more the better.

If he is a legit buyer he will have no problem waiting to thursday and me saying I will only accept cash or a bank cheque or wait until thursday once the money can be seen in my account. If he has a problem with that he will not be seeing my car.

Dane.

[MTC]

Just sold My Vy v8 wgn a month or so ago & this is how the buyer paid Me direct into My bank. actually the same thing when I sold My VYII Clubby last year aswell. but both times I did not give them the car till the funds were confirmed in My account.

[mido2k]

You need to be careful of bank cheques.
Once he has given you the cheque what is to stop him from calling his bank stating the cheque was lost and they then cancel it.

My suggestion would be hand over nothing till funds have cleared. Once they have, then exchange....

My wife used to work for a bank and that was her advice!...
Otherwise if you both bank with the same financial institution go to the branch, do the transfer together.. that way you can be sure... Or go to his bank, and get the to do a wire transfer to your account.. That way its been confirmed by the bank. (telegraphic transfer i think)

Hope this helps and best of luck ;)


Paul

[Dane VN V8]

Just sold My Vy v8 wgn a month or so ago & this is how the buyer paid Me direct into My bank. actually the same thing when I sold My VYII Clubby last year aswell. but both times I did not give them the car till the funds were confirmed in My account.

I think that is the way I am going to do it, the guy did sound legit, asked if I still owed money on it, if it has ever had a prang. He said he will be doing a rev check and all so I will see what he say's when I say I will not hand the car over until the money is confirmed into my account.

[Boom]

Read my post above guys. Bank Cheques can be a problem too. Even with a bona fide cheque.

[Dane VN V8]

You need to be careful of bank cheques.
Once he has given you the cheque what is to stop him from calling his bank stating the cheque was lost and they then cancel it.

My suggestion would be hand over nothing till funds have cleared. Once they have, then exchange....

My wife used to work for a bank and that was her advice!...
Otherwise if you both bank with the same financial institution go to the branch, do the transfer together.. that way you can be sure... Or go to his bank, and get the to do a wire transfer to your account.. That way its been confirmed by the bank. (telegraphic transfer i think)

Hope this helps and best of luck ;)


Paul


Yeah I am bit weary of the bank cheque situation also, I will let the guy know I will not be handing the car over until the money is in my account.


Read my post above guys. Bank Cheques can be a problem too. Even with a bona fide cheque.

Yeah thanks Boom that has got me thinking alot.

Dane.

[VY_UTE]

Simple, let him have the car once the internet transfer is confirmed and the monies appear in your account (probably 24hr or thereabouts). If the bloke is genuine then this shouldn't be a problem.

This is defintely the best advice. If the buyer was buying from a dealership they would not let him have the car until the funds were cleared if he paid by electronic transfer.

If he is genuine he will understnd your concern and be prepared to wait. The alarm bells are ringing because if it was so important to him to have the car sooner, why wouldn't he simply go and get a bank cheque? Its much quicker than waiting for an electronic transfer to clear between different banks.

Caution is good! Especially with the amount of money you are talking about.

Cheers.

[gasguz]

To be 100% safe I would wait until the funds had hit my account before giving the car over, if he is transferring money how about instead you drive him to the bank & then get him to either withdraw the amount & give to you on the spot or transfer into your account in the branch, confirm the money is yours then get him to drive you home.

He may be legit but you have to think about what if he is not, he should have no problem doing this if all is above board.

Goodluck

[Dane VN V8]

This is defintely the best advice. If the buyer was buying from a dealership they would not let him have the car until the funds were cleared if he paid by electronic transfer.

If he is genuine he will understnd your concern and be prepared to wait. The alarm bells are ringing because if it was so important to him to have the car sooner, why wouldn't he simply go and get a bank cheque? Its much quicker than waiting for an electronic transfer to clear between different banks.

Caution is good! Especially with the amount of money you are talking about.

Cheers.

As it has been mentioned in this thread bank cheques are also a thing to be worried about as he can call the bank and say it has been stolen etc.


To be 100% safe I would wait until the funds had hit my account before giving the car over, if he is transferring money how about instead you drive him to the bank & then get him to either withdraw the amount & give to you on the spot or transfer into your account in the branch, confirm the money is yours then get him to drive you home.

He may be legit but you have to think about what if he is not, he should have no problem doing this if all is above board.

Goodluck

I would rather goto the bank and do it that way but my older mate who is coming with me does not finsih work anytime after 3pm. And doesn't the banks shut at 4-5pm? But my older mate is going to try and finish early so we can goto the bank if he wants the car straight away.

[mustanger]

I think that is the way I am going to do it, the guy did sound legit, asked if I still owed money on it, if it has ever had a prang. He said he will be doing a rev check and all so I will see what he say's when I say I will not hand the car over until the money is confirmed into my account.

They can all sound legit when they want to. I would try and get as much personal info off him as I can. Try and get his license details and have a look at the rego papers and make sure they correspond. There is no reason why he should decline because you need it for transfer anyway. Make sure it really is his house that you are going to and not someone elses. If they start making excuses such as I dont have my license with me and I can`t find my rego papers, alarm bells should be ringing......Cheers John

[Dane VN V8]

They can all sound legit when they want to. I would try and get as much personal info off him as I can. Try and get his license details and have a look at the rego papers and make sure they correspond. There is no reason why he should decline because you need it for transfer anyway. Make sure it really is his house that you are going to and not someone elses. If they start making excuses such as I dont have my license with me and I can`t find my rego papers, alarm bells should be ringing......Cheers John

Thanks for the advice mate.

Dane.

[Ryzz]

why wouldn't he simply go and get a bank cheque? Its much quicker than waiting for an electronic transfer to clear between different banks.No its not, a bank cheque, like any other cheque takes 3-5 working days to clear. When you transfer money from one bank account to another through Netbanking or the Branch, its next business day.

Remember as well, there is nothing wrong with someone transferring the money via Netbanking, heck they could send it via courier pigeon if like they, the simple rule of thumb is, has the money cleared into my bank account. If yes then give him the car, if no, wait till it has.

[Dane VN V8]

I just called the buyer and it was a buisness number and I had to wait 10 minutes on hold. He got to the phone saying Hello this is Anges from blah blah blah how can I help you, I stated who I was and he was very happy to hear from me asking if I am on my way. I said no I can't get off work untill 3pm and ill head over but I can not sign the papers over until the money is confirmed into my account.

He is like yeah no worries mate I totally understand I only wanted the papers to do a rev check and mate if you want cash I will get you cash mate. I will take out a million dollars for ya mate laughing happily about it so I said sweet I will see you sometime after 3pm. He said no worries just give me a call when your on your way, so he is legit and he is happy that I am coming with the car as he is keen as.

:yahoo: :thumbsup: :driving:

FINALLY I might be getting rid of my car which makes me so HAPPY as I want a MANUAL.

Dane

[ssgirl2]

:yahoo: It's all coming along nicely!

SS ;)

[macca33]

Good luck with it Dane - looks like your M6 isn't too far away.

As for the transaction, cash is great, yet if he wishes to do it another way, then obtaining plenty of identity documents, licence, phone bill, electricity bill, etc (similar to a bank 100 point check - with varying types of documents) may be of some security for you. Also take a photo of him (phone camera), etc.

If he is legitimate - which it does seem, as you called him at work, then he shouldn't mind you going the 'extra' cautious step.

It always pays to be too safe these days, though most people are legitimate, it's just that the ones that aren't spoil it for everyone else.

Good luck with it.

Macca

[Holden Man]

Don't be surprised if you and your mate end up tied up and locked in a dungeon to be used as sex toys !

re Pulp Fiction - "better get round here quick as I've caught us some flys"

Be wary / sounds dodgy.

[popeye3dr]

i handed over a bank cheque for the sum of $32,500 for my ute, and drove the car away.
what you have to remember is, yes it does take 3 odd days for it to clear but when i went and got the cheque made out they make sure you have enough funds in your account for it to be issued plus they write the name on the cheque itself.
but as said its always good to be careful.
i surpose he knew i was trustworthly as i offered to put some money into his bank account to hold onto the car over the weekend

[mustanger]

Don't be surprised if you and your mate end up tied up and locked in a dungeon to be used as sex toys !

re Pulp Fiction - "better get round here quick as I've caught us some flys"

Be wary / sounds dodgy.

Beware of the Gimp ;)

[Dane VN V8]

Went to see the guy and it was farking Australian Fleet Sales, they looked over my car and when they opened the boot they started checking for damage. Then he say's it has been in an accident before, someone had hit into the back left quarter panel (where the petrol cap is) as their is bog/painted on the side of the inside of the boot (seriously it's not even bad) I didn't even know about it and was dumb founded but he said take it to Lansvale Australia Fleet Sales and get it on the hoist and they will check out the car.

If it passes they will give me $16,000 for the car, he said it was nothing but they don't like buying damaged cars. As customers will notice it and start complaining and try and talk them down , etc. So he said if all of the underneath is sweet they will %100 buy it, so really it was a waste of time and I wish I noticed he said Australia Fleet Sales as I wouldn't of even bothered.

I don't think it will pass as I hit that gutter on the 9/10/2006 as some of you know and I have no idea how good of a job the smash repair's had done when they had the car for 3 months. So hopefully they done a good job and it passes their test or whatever it is, if not what a waste of time and once again I am still trying to sell my car which totally sucks as I want/need a MANUAL. :cussing:

Dane.

P.S I'm gonna have to change the details on Carsales stating NO DEALERSHIPS. :lol:

[V-Car]

Tell him to go jump Dane.
And dont take it to people to look at...if they are interested, they will come to you.
There are alot of w@nker$ out there when you're trying to sell a car, believe me ive heard every story imaginable.
And keep it on the market even if people tell you they want the car.
Nothing is sold till the money is in your bank account and cleared.
Best one ive heard lately is that they are looking at it for someone else interstate, then they say the person wants it, but they wont be here for a few weeks but want your name for the bank cheque.
So you think its sold, take it off the market...then the waiting begins till the buyer saves up for it. :lmao:

[Dane VN V8]

Tell him to go jump Dane.
And dont take it to people to look at...if they are interested, they will come to you.
There are alot of w@nker$ out there when you're trying to sell a car, believe me ive heard every story imaginable.
And keep it on the market even if people tell you they want the car.
Nothing is sold till the money is in your bank account and cleared.
Best one ive heard lately is that they are looking at it for someone else interstate, then they say the person wants it, but they wont be here for a few weeks but want your name for the bank cheque.
So you think its sold, take it off the market...then the waiting begins till the buyer saves up for it. :lmao:

Heh yeah I know, I have not taking it off the market once I always wait untill I have cash for the car for that reason. I am going to go down their tomorrow and get it put on the hoist and see what they say as I am interested in how good of the job the smash repairs had done anyway. But seriously I have looked inside the boot from right to left and there is shit all difference. like seriously no one would ever tell I seriously think he is just using it as an excuse or something because I can't see the much of a difference.

[V-Car]

Most of the reason IMHO for him wanting to put it on the hoist is that he will use it as a bargaining tool to push the price down, then he will offer a few K less.
Yes, there may be some evidence of repair work, but very few cars on the road these days have had no damage sometime in their past.
Walk away Dane when he starts with the excuses and stories.
Remember, hes a car salesman out to make a profit when he onsells your car...and i guarantee he wont be telling any prospective buyer about any past damage. ;)

[ssgirl2]

Dane I know you've waited a long time for this, but they've already deceived you once...don't think it won't happen again.

As V-Car said, it may be best to walk away as they will probably tell you this and that isn't right with the car and he'll probably offer you much less than the promised "we'll give you $16,000 if it passes..." and then you'll have wasted your time - again!

On the other hand, you also have the dilemma of "but no-one else wants to buy it, maybe it's best that I do sell it, even if I'm only getting $14,500 for it. Hmmmm, maybe in 2 months it will be worth only $14,000, so I may as well do it now....

It's a really tough call. I hope I didn't just make it harder.

SS

[scotty1234]

Mate why cant the buyer wait?
Surely if someone wants to spend the hard earned cash, cant they wait a few more sleeps and do it the way it suits you! Dont appear to be desperate because the shonks out there will take advantage and everything that appears to be may not necesarily be the case, take a good deposit one thats worth your while and wait the 2 days, and if he renigs then the deposits yours!
Good Luck

[seedyrom]

I really expected that outcome from one of your threads Dane.

sorry

[ssgirl2]

Doesn't matter :lol: I just worked out why responses are coming that aren't related to the here and now. :duh:

[Rad Kane]

Mate, do not exchange untill you got 'the cash in your hot little hand'.

A legit person will wait till its a cleared.

[michaels1v8]

What trade in offers have you had on the car Dane? Surprised 16 isnt on the cards actually.. Then again I am in WA so...

[Dane VN V8]

Most of the reason IMHO for him wanting to put it on the hoist is that he will use it as a bargaining tool to push the price down, then he will offer a few K less.
Yes, there may be some evidence of repair work, but very few cars on the road these days have had no damage sometime in their past.
Walk away Dane when he starts with the excuses and stories.
Remember, hes a car salesman out to make a profit when he onsells your car...and i guarantee he wont be telling any prospective buyer about any past damage. ;)

Yeah that is what I am expecting, them to come up with some bull shit storey and offer me a stupid amount, that is when I will walk away.


Dane I know you've waited a long time for this, but they've already deceived you once...don't think it won't happen again.

As V-Car said, it may be best to walk away as they will probably tell you this and that isn't right with the car and he'll probably offer you much less than the promised "we'll give you $16,000 if it passes..." and then you'll have wasted your time - again!

On the other hand, you also have the dilemma of "but no-one else wants to buy it, maybe it's best that I do sell it, even if I'm only getting $14,500 for it. Hmmmm, maybe in 2 months it will be worth only $14,000, so I may as well do it now....

It's a really tough call. I hope I didn't just make it harder.

SS

I will not sell it for anything less then $16,000, I would just convert my car to manual if that is the case.


I really expected that outcome from one of your threads Dane.

sorry

Thanks mate I have not heard from you for a while :wave:


What trade in offers have you had on the car Dane? Surprised 16 isnt on the cards actually.. Then again I am in WA so...


I have never tried to trade it in, I did sometime last year like six months or so ago and was offered 15-16 but said no as they wouldn't put the price down on the VY SS Ute I wanted to trade it for. Plus I didn't have the extra amount of cash then to say yes so I had to miss out which was a bummer.

Dane.