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Old 01-27-2011   #1
LGAFF
 
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Location: Crystal Lake, IL
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Default Need advice on sale

Should be advice in title....ooops

Well I am somewhat of an impasse with the seller of the Callaway....he wants me to send him the money....no title sent to me, nothing. I know he is concerned over scams...but I am not too confident in sending his $$$$$$ without some exchange is a good idea. To me the paper title is not much to ask for in exchange for a draft from my bank.....he still has the car.


Any suggestions...was thinking of using escrow.com.
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Old 01-27-2011   #2
1990 415
 
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Default Re: Need advice on sale

He wants your money and won't give up the title. Caveat Emptor.
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Old 01-27-2011   #3
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Default Re: Need advice on sale

Lee,

If he's legit, he should have no problem with dealing through a third party, like escrow.com. If he has a problem, I would seriously question whether HE is legit. My .02 cents.

Jep
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Old 01-27-2011   #4
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Default Re: Need advice on sale

Do you know anyone local that you trust who can handle the transaction for you? The other thing you can do is depost money directly into his (local) bank account with his account # and zip code. That way, there's a strong paper trail should things go south.
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Old 01-27-2011   #5
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Default Re: Need advice on sale

cut bait get out walk away
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Old 01-27-2011   #6
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Default Re: Need advice on sale

Well the check is coming from CU to his CU .....not worried about papertrial(its there), just the hassle if he does not release the car. One option is to send it USPS, and then if becomes a federal offense if screws me over. I know he has lived there for some time, but I just don't know him so its a gamble.
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Old 01-28-2011   #7
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Default Re: Need advice on sale

Lee:

I'm sure any one of us here on the Registry would be glad to help you out with this deal.
Pick out someone who's within say 3 or 4 hours driving distance from the seller and PM them, see if they wouldn't mind driving to the seller and closing the deal as your proxy.
Most of us here are reasonably trustworthy on days that end with letter "Y".
So your deal is likely, maybe, pretty much, safe.
Maybe.
Kinda.
Well, you know.

TomC
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Old 01-28-2011   #8
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Join Date: May 2009
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Default Re: Need advice on sale

how much is a plane ticket.
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Old 01-28-2011   #9
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Default Re: Need advice on sale

Quote:
Originally Posted by Kb7tif View Post
how much is a plane ticket.

I have a daughter that is disabled and very hard for me to leave for something like this.
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Old 01-28-2011   #10
xlr8nflorida
 
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Default Re: Need advice on sale

Quote:
Originally Posted by LGAFF View Post
I have a daughter that is disabled and very hard for me to leave for something like this.
Are you sure the title is clear? You would be surprised many times there is a lien on the title. You can't register car until you have clean title. That is why you pay the lien off directly instead of giving money to seller because if you do give him money he can give you title, spend your money but the bank will still own the car. They won't care that you gave him the cash.

I always do wire transfer, clean title only swaps hands. My z was a Airplane ticket to California, my c5 was a airplane ticket to new jersey.

Does vin on car match title? Always a good idea to get a bill of sale as well. Also make sure he signs title over properly to you.
I'd have someone do it for you even if you pay someone a couple hundred bucks. 10.5k is not a huge chunk of money but I wouldn't want someone ripping me off for that much dough either.

Good luck

Last edited by xlr8nflorida; 01-28-2011 at 02:43 AM.
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