[DeTomaso] selling a car on the internet question

[Doug Scott]

These days the only way to accept payment is at the bank, in cash with the
bank verifying the that cash is legit.  Any other form has been forged
already.  And no matter which way the payment is forged, the seller is
always the victim.   It sucks that it has come to this, but you can blame
the advancement in technology coupled with the regression of morals and the
economy.

doug

-----Original Message-----
From: detomaso-bounces at poca.com [mailto:detomaso-bounces at poca.com] On Behalf
Of Jeff Detrich
Sent: Saturday, August 24, 2013 12:54 PM
To: LaurieFerrari at aol.com
Cc: detomaso at poca.com
Subject: Re: [DeTomaso] selling a car on the internet question

Why pay the PayPal fees?

This is scary!

Cashier Check Fraud
http://www.occ.gov/news-issuances/consumer-advisories/2007/consumer-advisory
-2007-1.html

>From Craig's list
http://www.craigslist.org/about/scams

>From eBay  How to verify a cashiers check
http://www.ebay.com/gds/How-to-tell-if-a-CASHIER-apos-S-CHECK-IS-FAKE-in-30-
seconds-/10000000003567893/g.html

PayPal problems
http://www.theguardian.com/money/2012/jan/27/is-paypal-safe-protection


Jeff
6559


On Fri, Aug 23, 2013 at 2:28 PM, <LaurieFerrari at aol.com> wrote:

> The posts on this topic are interesting and helpful.  I  recently had 
> a '96 Eldorado for sale on Craigslist and got a phone text  message 
> (not a direct
> call) from a Texas number. The person wanted the car  and my pay pal info.
> Didn't negotiate at all which seemed odd.   Said they were sending their
> shipper to pick it up.  I said I didn't have  a pay pal acct. and they 
> told me how easy it was to sign up and sent  me a link.  I was 
> skeptical as I've never done this before and asked a  friend who is a 
> car dealer.  He said it
> was definitely a scam.   I'm curious what type scam this could have been?
> >From what I'm reading, I  suppose if I'd deliver the car before 
> >receiving
> payment, that'd be the  problem?  Can there be any problem with pay 
> pal or one canceling a  payment?
> Laur.
>
> ----------------------------------------------------------------------
> ------
> -------------------------------------------------
>
> Wait!  What's the date today?  No, it's not April Fools  Day!  Ok the 
> answer is "NO!"  Do NOT send the pink slip with only 50%  of the cash 
> received!
> He owns the car, for half price at that  point.
>
> Options:
> 1. He send wire you all the money., Then you send him  the pink slip. 
> Then his carrier picks up the car.
> You  might provide a signed bill of sale and photocopy of the signed 
> pink slip with  change of ownership info filled out to give him piece 
> of mindwhen he sends the  funds, but don't release the pink until all 
> funds are received and verified  good.
> 2. He can hire an agent or friend to hand deliver the cashier's check  
> in exchange for the pink slip, so you get your cash and he gets the 
> title at the  same time.
>
> 3. Use an escrow service. He pays for the fees since it's for  his 
> protection.
>
>
> Never release the title until you have "good" funds  - verified 
> cashiers check, wire transfer, cash,  etc.
>
> Cheers!
> Garth
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