buying a vehicle procedure - seeking advice

[alf]

Hi,


I found a car to to replace my hit/poor Subaru. I visited seller, drove
the car, all is okay. Some details remained but kind of ready for a
transaction. Now, she insists to wire money to her account. All looks
fine, but it begs a question, how to be 100% certain I get the car once
money are transfered?

On the other hand I understand the seller and her desire to be 100% sure
she gets her money.

So what is the safest procedure which makes both parties confident that
the transaction will not turn out to be a fraud.

Thx everyone for the advice,
Andy

 

[Carl 1 Lucky Texan]

Hi,


I found a car to to replace my hit/poor Subaru. I visited seller, drove
the car, all is okay. Some details remained but kind of ready for a
transaction. Now, she insists to wire money to her account. All looks
fine, but it begs a question, how to be 100% certain I get the car once
money are transfered?

On the other hand I understand the seller and her desire to be 100% sure
she gets her money.

So what is the safest procedure which makes both parties confident that
the transaction will not turn out to be a fraud.

Thx everyone for the advice,
Andy

Dunno why she can't take a check. But, you could take a check or the
cash and meet her at her bank. OR, have her bring the title to your bank
and handle the transaction in the office of one of your bank's officers.


Carl

 

[Frank]

Hi,


I found a car to to replace my hit/poor Subaru. I visited seller, drove
the car, all is okay. Some details remained but kind of ready for a
transaction. Now, she insists to wire money to her account. All looks
fine, but it begs a question, how to be 100% certain I get the car once
money are transfered?

On the other hand I understand the seller and her desire to be 100% sure
she gets her money.

So what is the safest procedure which makes both parties confident that
the transaction will not turn out to be a fraud.

Thx everyone for the advice,
Andy

Why not cashiers check? Wire transfers I get from EC cost sender about
$40 and bank may charge me $10.

 

[Todd H.]

Why not cashiers check? Wire transfers I get from EC cost sender
about $40 and bank may charge me $10.

Unfortunately, anyone that's done any business on craigslist knows
that cashiers checks can be forged.

Do the wire transfer at the bank, in person. Buyer should verify with
a photo ID that the seller is who they say they are, and that it's the
name on the title. Signed title and keys surrendered once the wire
transfer is completed. Seller can call their own bank to verify the
deposit before anyone leaves the heavily surveillance-filled
building.

There's a necessary modicum of trust needed in a transaction between
private owners. If that can't be established, the necessary level of
goodwill to make it work, just isn't there. If you want 100%
guarantees of low posession drama, a dealer lot may be a better bet.

Best Regards,

 

[Ray]

There's a necessary modicum of trust needed in a transaction between
private owners. If that can't be established, the necessary level of
goodwill to make it work, just isn't there. If you want 100%
guarantees of low posession drama, a dealer lot may be a better bet.

At least then you KNOW you're going to get screwed In seriousness I was
a bit surprised at just how paranoid people have gotten about cashiers
checks and money orders when we bought our Subie last spring. We ended up
just using cash but obviously that has it's dangers.

 

[Paul Pluzhnikov]

Unfortunately, anyone that's done any business on craigslist knows
that cashiers checks can be forged.

Can't you simply call alleged issuing bank and verify that the
cachiers check is legitimate? Or go there in person and observe
the check being issued?

Cheers,

 

[QX]

Hi,


I found a car to to replace my hit/poor Subaru. I visited seller, drove
the car, all is okay. Some details remained but kind of ready for a
transaction. Now, she insists to wire money to her account. All looks
fine, but it begs a question, how to be 100% certain I get the car once
money are transfered?

On the other hand I understand the seller and her desire to be 100% sure
she gets her money.

So what is the safest procedure which makes both parties confident that
the transaction will not turn out to be a fraud.

Thx everyone for the advice,
Andy

If you are both local, do the transaction at your bank, and get the
title and keys on the spot. That way the seller is sure the check is
good (lot of chatter about phony cashiers checks that take time to
verify), and you get the clear title and don't have problems obtaining
it after your money is gone.