[DeTomaso] selling a car on the internet question
Jeff Detrich
jjdetrich at gmail.com
Fri Aug 30 09:50:40 EDT 2013
I noticed that there is an escrow company advertising in the
Hagerty Insurance Newsletter.
paysafeescrow.com
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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