my car is for sale in E&M on internet and magazine. I have had an interested buyer claiming to be a dealer, offering to pay for the car with a cheque. The cheque is for the price of the car plus shipping. Once the cheque clears, someone will come to take the car, but i have to pay the shipping fees into Western Union with the extra from the initial cheque. Is this a scam, do you think, *******
2007-11-20 06:46:56 · 13 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
SCAM definitely...This is one of the oldest ways to rip people off. The check they send you is a phony. You cash it, send them money and then the bank comes after you because you deposited a bad check.
2007-11-20 06:51:10 · answer #1 · answered by Otto 7 · 2⤊ 0⤋
Dealers who serve a geographically large area where there are no dealerships located in the surrounding communities will provide this service as a Value Added service. You should only do business in this way with a well established dealer with a good local reputation - and it would also be wise to ask a local lawyer to sit in and review ( for a fee - but worth it if you have any reservations ) or have a banker or other respected local business person read through the contract before you sign anything. All that being said I will reiterate: Pay Cash! The best possible car for you to buy is one that you can pay cash for. Period. It is less expensive to maintain and repair a used vehicle than it is to make payments and pay interest on a new one. And by all means never ever Fleece (Lease) any vehicle for personal use – the actual costs are far higher than that of financing and at the end of the lease you will have nothing – except the likely hood of a massive over mileage charge and excessive wear and damage charges. Even worse than a fleece are the “Buy Here – Pay Here” lots which will give you a nice low weekly payment on a car they are selling for usually twice the fair market value at an interest rate that would make any loan shark smile, on a note that will enslave you for the next 5 years at least on a car which is almost guaranteed to die in 2 years or less! It is far more cost effective to purchase and maintain a used vehicle and save the difference for a newer and nicer vehicle a couple of years down the road. An older vehicle will also save you money in the form of lower insurance costs too! Avoid the clutches of the predatory lenders – Buy Cash, Pay Cash. Live Cash and build real wealth.
2016-04-05 00:24:00 · answer #2 · answered by Anonymous · 0⤊ 0⤋
lol... yes, it is a scam.. a dealer from abroad would pay for the shipping from their side, but this is sweet. They send you a check, you deposit, western union the money (which you will never see again) then their check bounces.. they dont want your car, they want the 2-3k for shipping.. do that a few times a month, that is a good living.
2007-11-20 08:31:00 · answer #3 · answered by Rafael P 4 · 1⤊ 0⤋
Don't touch it - it's a bank/money/credit/transfer scam!
The cheque will be a dodgy one and if you cash it and spend any of it before it's officially cleared (more than the 4-days that the bank usually applies), you'll end up owing the bank money!
2007-11-20 06:57:44 · answer #4 · answered by nickthesurfer 4 · 1⤊ 0⤋
This is definitely a scam but you are in luck. I happen to be the accountant of a wealthy diamond dealer in Africa who died in a plane crash. His family is unaware of the existence of an account of his containing over $100 million dollars. If you send me your bank information so that I can move the money out of the country I will give you 10%.
2007-11-20 07:05:17 · answer #5 · answered by Brian A 7 · 2⤊ 0⤋
Scam. Scam. Scam. Scam. Scam. Scam. If you don't know the dealer insist on CASH and get it checked by a bank before releasing the car
2007-11-20 20:03:39 · answer #6 · answered by The original Peter G 7 · 0⤊ 0⤋
Hey bud, i have worked in Africa for 10 years now. i have seen this SCAM BEFORE. Ask for cash or walk away. I would suggest walk away. You will lose you car if you take the cheque. If you get cash make sure it is not counterfit.
2007-11-20 06:54:19 · answer #7 · answered by chiefdog57 1 · 1⤊ 0⤋
i am selling a sprinter van at the moment, i live in Belfast, and a guy rang from London offering to buy the van wanting to ship it to the Ukraine, i ask him why he wants to buy a van in Belfast to ship and can he not find something a bit closer to home to save having to come and get it, he has offered full asking price, which i find strange, he did not haggle. i don't like this offer as it sounds like a scam,altough i can not figure out what the scam might be, so if in doubt tell him to beat it
2007-11-20 07:01:31 · answer #8 · answered by kmc1169 2 · 1⤊ 0⤋
i nearly fell for this dont do it. you want cash on collection of car. They will clear you out for sure cos they have to get your bank details to transfer with Western Union, then once you see it in your account and give them the car, they trasfer it to another offshore account which no one can chase
2007-11-20 06:55:56 · answer #9 · answered by Dark Crusader 5 · 1⤊ 0⤋
Yep. It's a scam. I personally know someone who got sucked into this. Young guy, college educated but, apparently clueless.
2007-11-20 06:53:38 · answer #10 · answered by Charlie S 6 · 1⤊ 0⤋