[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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