Buyer has paid finance off but disappeared
Discussion
AndStilliRise said:
That's the scam. The buyer making you feel like you are the winner by moving the negative focus to excitement.
Remember, meeting him on a motorway, under-a-bridge means there are no CCTV recordings. The only thing you have is a mobile no which once the transaction is completed will be switched off.
OP was joking about meeting under a motorway bridge if you read it properly. Remember, meeting him on a motorway, under-a-bridge means there are no CCTV recordings. The only thing you have is a mobile no which once the transaction is completed will be switched off.
This has scam all over it, the money trail could take a month to be recalled from the Finance company, at that point the OP will be liable for the balance that he thinks has been paid off.
Do not refund this guy for at least a month, keep hold of the car till then, and get proper legal advice before doing anything (ie paid for legal advice, not free 30 mins or forum legal experts!).
Do not refund this guy for at least a month, keep hold of the car till then, and get proper legal advice before doing anything (ie paid for legal advice, not free 30 mins or forum legal experts!).
rallycross said:
This has scam all over it, the money trail could take a month to be recalled from the Finance company, at that point the OP will be liable for the balance that he thinks has been paid off.
Do not refund this guy for at least a month, keep hold of the car till then, and get proper legal advice before doing anything (ie paid for legal advice, not free 30 mins or forum legal experts!).
It'll be a month next week. Do not refund this guy for at least a month, keep hold of the car till then, and get proper legal advice before doing anything (ie paid for legal advice, not free 30 mins or forum legal experts!).
So many red flags , its got doggy written all over it
OP:
Even if it isnt a scam, why are you getting so involved with it all?? How much time are you going to waste on it?
A car sale should be fairly straightforward
As far as you are concerned, he had bought the car, he needs to pay thats it.
Or you let him back out and then he can chase the finance company
Then you want to bring WBAC! into the equation! Thats a can of worms in itself
Finally , "buyer is out the country a few days"
Blimey that should be all you need.....
OP:
Even if it isnt a scam, why are you getting so involved with it all?? How much time are you going to waste on it?
A car sale should be fairly straightforward
As far as you are concerned, he had bought the car, he needs to pay thats it.
Or you let him back out and then he can chase the finance company
Then you want to bring WBAC! into the equation! Thats a can of worms in itself
Finally , "buyer is out the country a few days"
Blimey that should be all you need.....
I might have missed something along the way, so apologies if this has already been covered.
But why can't the OP just get Lombard to refund the £15k less any agreed expenses back to the mysterious buyers account (ie the one the money arrived from)?
The buyer ends up a small amount out of pocket,
The OP is back in the position he was in before this whole sorry tale started (ie. owing £15k on finance) but crucially the Finance company isn't going to be chasing him for the money in teh future if it turns out to have come from a fraudulent account (as the money has been returned to that account).
All this he-pays-off-finance, then sells car, pays back less to a different account etc. seems like a lot of work and also seems like the OP will end up out of pocket somewhere along the line.
But why can't the OP just get Lombard to refund the £15k less any agreed expenses back to the mysterious buyers account (ie the one the money arrived from)?
The buyer ends up a small amount out of pocket,
The OP is back in the position he was in before this whole sorry tale started (ie. owing £15k on finance) but crucially the Finance company isn't going to be chasing him for the money in teh future if it turns out to have come from a fraudulent account (as the money has been returned to that account).
All this he-pays-off-finance, then sells car, pays back less to a different account etc. seems like a lot of work and also seems like the OP will end up out of pocket somewhere along the line.
I cant believe that the finance company is unable to return the payment and keep the original agreement going.
If this really the first time that someone has paid off finance 'in error' and the sale has fallen through, etc. and the dont have a process to deal with it? I find that unlikely...
If this really the first time that someone has paid off finance 'in error' and the sale has fallen through, etc. and the dont have a process to deal with it? I find that unlikely...
GregK2 said:
kevpip said:
I have a letter to state that the finance is settled and this means they are legally unable to come to me to claim the money if it turns out to be fraudulent.
This seems to have been missed by some. I would still be getting a solicitor involved.As would my wife who is a fraud investigator for a bank.
OP - ask the buyer to send you a copy of his passport/ driving licence and a proof of address (utilty bill, etc). Two POAs is better. Asking for the copies to be certified by a solicitor or notary public is even better.
If he wants his money back he should not object.
If he objects he is dodgy.
Then do a search to make sure he is who he says, and lives where he says.
Won't make you bulletproof but it will help.
If he wants his money back he should not object.
If he objects he is dodgy.
Then do a search to make sure he is who he says, and lives where he says.
Won't make you bulletproof but it will help.
Edited by Ayahuasca on Friday 17th October 18:02
Magog said:
Why can't you just ring the finance company, tell them the payment was made in error, or the sale has fallen apart, and get them to refund it... and then start trying to sell your car again.
This is by far the safest option and nobody loses out but for some reason the OP won't go for it, lost count of the number of times this has been suggested.That is is the only part I find inexplicable, but the OP thinks he got a premium price for his car will at some point down the line get taken to the cleaners by the finance company.
Just had a quick chat with the wife.
If the agreement was paid off using a fraudulent debit card, there's a lot of Aussie ones being used for this at the moment, the cardholder has got 120 days to notify their bank and get the money back.
If it's been done via a hacked/ corrupted bank account they've got six years.
If the agreement was paid off using a fraudulent debit card, there's a lot of Aussie ones being used for this at the moment, the cardholder has got 120 days to notify their bank and get the money back.
If it's been done via a hacked/ corrupted bank account they've got six years.
Roo said:
Just had a quick chat with the wife.
If the agreement was paid off using a fraudulent debit card, there's a lot of Aussie ones being used for this at the moment, the cardholder has got 120 days to notify their bank and get the money back.
If it's been done via a hacked/ corrupted bank account they've got six years.
I agree, there is no way that if 'your' account was paid using fraudulent monies they wouldn't claim it back from 'you'. If the agreement was paid off using a fraudulent debit card, there's a lot of Aussie ones being used for this at the moment, the cardholder has got 120 days to notify their bank and get the money back.
If it's been done via a hacked/ corrupted bank account they've got six years.
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