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Scam or not


Bigfoot

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Just got a text from a "buyer" on cars.com

Text reads:

"Hi, what's d lowest price acceptable for you car vehicle on cars dot com & any issues not mentioned?

Pat"

Response:

"Not willing to go too low. She does have a slight leak in the rear diff and A/C compressor. Other than that she is solid. What number did you have in mind? I get she is 16 years old."

His response followed almost instantly:

"s advise of your pay pal details so I can send money."

Followed immediately by:

"OK with asking price & condition as described on the web. I will pay via pay pal and arrange for pick up cos I'm out of town for biz.Pl"

620 area code (KS location)

What are my risks if I give him my paypal?

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That has RED FLAGS all over it. Without question, be afraid be very afraid.

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My paypal is just my email. There shouldn't be any danger in just giving him that and see what happens right?

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If you accept PayPal research when then consider the funds collected, not just when they allow you to access the funds.

Working fraud for a bank we get customers upset all the time because they theres a hold placed and they are given access to the funds by federal law but we haven't actually collected from the other bank. The check bounces and we put it back on them.

Personally I wouldn't sell it to anyone that didn't wire funds or meet you at the bank. When I sold the 66 I met the guy at a Chase Bank and watched them issue the Cashiers Check.

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I just replied and told him unless he can deliver cash in person I didn't feel comfortable with this deal and will pass.

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Way to go.

I know you want to sell it, but I'm afraid that was a scam.

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Now just be sure you're getting legit US currency. Look for the denomination stripe. A lot of ones and fives being bleached and printed as twenties or hundreds. Only take a cashiers check and then do it at their bank so you know the source.

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Yeah Eddie, wife already said that about the cash. Also heard about the cashiers check fraud too.

How are we supposed to conduct transactions with so much fraud?

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Yeah Eddie, wife already said that about the cash. Also heard about the cashiers check fraud too.

How are we supposed to conduct transactions with so much fraud?

I view it as job security :lol
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Don't do it. A serious buyer will come and see the car before buying. He can dispute his paypal payment and you end up with nothing.

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I'm with these guys, it's a scammer.

If he contacts you again, tell him you want double in your PayPal until he picks it up...I bet he agrees.

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Yeah Eddie, wife already said that about the cash. Also heard about the cashiers check fraud too.

How are we supposed to conduct transactions with so much fraud?

Wire transfer is the safest.

Even if your bank takes a "cashier check" there is no quarantee that it is the reald eal

Cash? No way, plus IRS will get alerted when you depoist 10K at a time. IF it is not funny money

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Yeah Eddie, wife already said that about the cash. Also heard about the cashiers check fraud too.

How are we supposed to conduct transactions with so much fraud?

Wire transfer is the safest.

Even if your bank takes a "cashier check" there is no quarantee that it is the reald eal

Cash? No way, plus IRS will get alerted when you depoist 10K at a time. IF it is not funny money

In order to do a wire transfer you have to provide your account number and routing info. They can commit fraud using that info later. I've heard of folks opening an account just for receiving wires.

As for cashiers checks that's why I told him only if you go to their bank and see the check handed to the buyer.

If you accept cash you simply hang onto it until you can hand it to the seller of the next Vette he's buying never depositing it.

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I have handled cashier's checks from out of state this way:

- Get the bank, ser #, payer information, and drawn amount when they get it.

- Call the bank (look up the number) and ask for the cashier's check verification dept. Every major bank has them.

- They will ask for the name, ser. # and amount and tell you if it is a legitimate check.

- Then when you recieve it, you can re-verify all of the information visiually and with the bank again.

Obviously, Eddie's way is the safest, but sometime not practical. This would be the next best thing. You have to watch out the other way also, If a car has a lien, always get a notarized bill of sale and a notarized power of attorney. This allows you to get a title issued without the actual title.

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or....

trade it into a dealer

Ill bet you a shiny nickel when its all said and done you wold have lost only $XXX amount as a trade in

(calculating , trade in value, and tax savings)

given the choice, MOST people will spend the $XXX loss amount at a dealer vs. the MONTHS of aggravation of selling a $12,K (+/-) vette to a private party.

just my 2 cts.

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