Buyer has paid finance off but disappeared
Discussion
Can your wife use what's app? Provided the guy has it.
Can finance people refund the guy? If they can maybe text him an ultimatum to contact you by 12pm on weds if not you'll refund it and not deal with him again.
Not sure it's sensible to sell a car without the buyer seeing it with so many scams around
Can finance people refund the guy? If they can maybe text him an ultimatum to contact you by 12pm on weds if not you'll refund it and not deal with him again.
Not sure it's sensible to sell a car without the buyer seeing it with so many scams around
hornetrider said:
Bit of a strange one, this.
I'd wait a week or so, then probably look to resell the car. I'd be keeping the 15k set aside for when matey boy returns.
Agree- I would get the finance company to set the £15k to one side and for you to continue the agreement and payments until told otherwiseI'd wait a week or so, then probably look to resell the car. I'd be keeping the 15k set aside for when matey boy returns.
SydneyBridge said:
hornetrider said:
Bit of a strange one, this.
I'd wait a week or so, then probably look to resell the car. I'd be keeping the 15k set aside for when matey boy returns.
Agree- I would get the finance company to set the £15k to one side and for you to continue the agreement and payments until told otherwiseI'd wait a week or so, then probably look to resell the car. I'd be keeping the 15k set aside for when matey boy returns.
If the CHAPS payment was sent from a hacked account, the bank can recall it up to 13 months after the payment was made.
In fact, if you have had a fraudulent payment made from your account you have 13 months to notify the bank so they can reverse the transaction, I guess the bank just take as long as they want.
If I were you I would ask the finance company for the details of the payment, then speak to the issuing bank, tell them your concerns and get them to call the account holder, they obviously won't discuss anything with you but may call you back to say everything seems in order or not.
He could just be stalling to buy some time, many finance houses will be notified immediately (most people notice £15,000 being taken from their account pretty quickly) or not for weeks or months.
He might be waiting a couple of weeks and then turning up with the balance.
I would guess he will then sell it on again at a low price and pocket the cash, probably in your name.
Or, something may have happened to him of course, he might be genuine.
But get onto the finance house, get them to allocate it somewhere safe, and keep paying the finance on it for now, and ask for the details of the CHAPS payment, so you can try and find stuff out.
In fact, if you have had a fraudulent payment made from your account you have 13 months to notify the bank so they can reverse the transaction, I guess the bank just take as long as they want.
If I were you I would ask the finance company for the details of the payment, then speak to the issuing bank, tell them your concerns and get them to call the account holder, they obviously won't discuss anything with you but may call you back to say everything seems in order or not.
He could just be stalling to buy some time, many finance houses will be notified immediately (most people notice £15,000 being taken from their account pretty quickly) or not for weeks or months.
He might be waiting a couple of weeks and then turning up with the balance.
I would guess he will then sell it on again at a low price and pocket the cash, probably in your name.
Or, something may have happened to him of course, he might be genuine.
But get onto the finance house, get them to allocate it somewhere safe, and keep paying the finance on it for now, and ask for the details of the CHAPS payment, so you can try and find stuff out.
gizlaroc said:
If the CHAPS payment was sent from a hacked account, the bank can recall it up to 13 months after the payment was made.
In fact, if you have had a fraudulent payment made from your account you have 13 months to notify the bank so they can reverse the transaction, I guess the bank just take as long as they want.
If I were you I would ask the finance company for the details of the payment, then speak to the issuing bank, tell them your concerns and get them to call the account holder, they obviously won't discuss anything with you but may call you back to say everything seems in order or not.
He could just be stalling to buy some time, many finance houses will be notified immediately (most people notice £15,000 being taken from their account pretty quickly) or not for weeks or months.
He might be waiting a couple of weeks and then turning up with the balance.
I would guess he will then sell it on again at a low price and pocket the cash, probably in your name.
Or, something may have happened to him of course, he might be genuine.
But get onto the finance house, get them to allocate it somewhere safe, and keep paying the finance on it for now, and ask for the details of the CHAPS payment, so you can try and find stuff out.
The concern to me about all this is that if the buyer hadn't gone awol for a week then this would have gone through OK and all the concerns people have would still be essentially valid. Are we suggesting don't let anybody discharge a finance agreement for you and accept it from the finance company that its been done? If somebody buys a car with a chaps payment to you are we saying don't accept that either?In fact, if you have had a fraudulent payment made from your account you have 13 months to notify the bank so they can reverse the transaction, I guess the bank just take as long as they want.
If I were you I would ask the finance company for the details of the payment, then speak to the issuing bank, tell them your concerns and get them to call the account holder, they obviously won't discuss anything with you but may call you back to say everything seems in order or not.
He could just be stalling to buy some time, many finance houses will be notified immediately (most people notice £15,000 being taken from their account pretty quickly) or not for weeks or months.
He might be waiting a couple of weeks and then turning up with the balance.
I would guess he will then sell it on again at a low price and pocket the cash, probably in your name.
Or, something may have happened to him of course, he might be genuine.
But get onto the finance house, get them to allocate it somewhere safe, and keep paying the finance on it for now, and ask for the details of the CHAPS payment, so you can try and find stuff out.
gizlaroc said:
If I were you I would ask the finance company for the details of the payment, then speak to the issuing bank, tell them your concerns and get them to call the account holder, they obviously won't discuss anything with you but may call you back to say everything seems in order or not.
But get onto the finance house, get them to allocate it somewhere safe, and keep paying the finance on it for now, and ask for the details of the CHAPS payment, so you can try and find stuff out.
^^ This is the best advice here. But get onto the finance house, get them to allocate it somewhere safe, and keep paying the finance on it for now, and ask for the details of the CHAPS payment, so you can try and find stuff out.
The bank that is the source of the funds needs to confirm that the payment is genuine.
camelot1971 said:
Surely if this was a scam the buyer would want the car ASAP? It doesn't make any sense they would drag it out, as the OP isn't going to hand over the car without receiving the balance.
Most scams will be found out in the first few days, and the only reason I can think of waiting is many finance houses wait 14 days before sending notification of no longer having an interest, this is not for scam reasons, purely because they work out interest owing in 14 day blocks, so once passed that period you pretty much know you are in the clear.Jon1967x said:
The concern to me about all this is that if the buyer hadn't gone awol for a week then this would have gone through OK and all the concerns people have would still be essentially valid. Are we suggesting don't let anybody discharge a finance agreement for you and accept it from the finance company that its been done? If somebody buys a car with a chaps payment to you are we saying don't accept that either?
Of course it is a risk. However, when selling a car you must always see ID from the buyer, and you must fill out and send off the V5 as well, if you know you are selling to Mr. Smith, and Mr. Smith does a CHAPS and you have seen some photo ID, you are pretty safe, the chances of a chaps being a scam is pretty slim, and as long as you take certain precautions you are reducing the risk to pretty close to zero.
What's the car? If its a scam I would suggest its a mid-spec Audi/BMW/Land Rover?
Also, did the adverts state that finance was still outstanding and how much? If a scam it needs a large amount of the cost to still be on finance, to maximise profit, and they would be looking for this info before calling you
Also, did the adverts state that finance was still outstanding and how much? If a scam it needs a large amount of the cost to still be on finance, to maximise profit, and they would be looking for this info before calling you
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