I am in Canada and I am selling a car to someone who lives in the states, they have offered to send me a money order and have agreed that the car will not be released untill the money order clears, I have been reading all of this stuff online about fake money orders and that the bank will cash them even if they aren't real, How do I avoid this and make sure this is a legit sale.
I really don't want to get scammed, what should I be looking out for. Also they said they would take care of the shipping.
I just sent them my name and address for them to send payment.
2006-10-06 12:54:54 · 4 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
You take it to your bank and wait about 10 days or so even if it clears the same day. Ask your bank, they will know for sure the right way to go about it to make sure it's real. Just don't send the car right away.
And if for some odd reason they send you extra money and ask you to wire it to someone else, you ARE being scammed!
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2006-10-06 13:03:44 · answer #1 · answered by someoneoutthere 5 · 1⤊ 0⤋
"A" typical of the current Internet scams going around! Here's how to avoid the dilemma: Car doesn't go anywhere until whatever they give you turns into cash on your end! Secondly, Postal Money orders or bank checks have ID numbers that you can pick up the telephone or go on line to get validation. Find out right from the get go if it's legitimate! I got one for a horse and called the bank in Miami where the check stated it was drawn from! Guess what! That's right, bounced all the way to the police station where I took it! BOGUS! BOGUS! BOGUS! Found out in a matter of minutes that the check was a fake and never even originated from the bank! No such account number and the banks routing number were fake! BE REAL CAREFUL because we have those dirt bags right here in the states as well and they'll scam you just like all the rest from the foreign countries!!!
PS: I like and prefer the word "CASH"!!! Takes all the guessing right out of the equation making everyone happy, happy,happy!!!
2006-10-06 13:05:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
On selling a vehicle, I prefer having a bank transfer from the buyers bank directly to my bank. Ask your banker when the transaction has been completed and is non-reversible and then you can release the vehicle for pickup or shipping.
2006-10-06 13:26:56 · answer #3 · answered by notadeadbeat 5 · 0⤊ 0⤋
If the bank has cashed them thoroughly, you shouldn't worry about a thing.
2006-10-10 05:56:12 · answer #4 · answered by laaaaaalaaaaa 1 · 0⤊ 0⤋