Selling a Car to USA buyer
Discussion
I have a buyer from the USA interested in buying a Land Rover from me. I am aware of some of the scams, but he would want to pay by Paypal, and would cover my fees to receive the money as he says it's still cheaper for him than using a wire transfer.
I can see a problem with Paypal's receiving limits and monthly payout limits, but apart from that, what snags might there be? The buyer appears to have an established business over there, but is on holiday in the UK at present. I'll meet him, and he's not expecting to drive it away immediately.
What snags may I have missed, and are there better ways of his paying me - transfer agents, western union, whatever? I don't know how a US citizen would set about picking up a few £k in cash in the UK.
What experience do others have of such an arrangement and payment methods?
I'm fine with the rest of the paperwork side of it.
I can see a problem with Paypal's receiving limits and monthly payout limits, but apart from that, what snags might there be? The buyer appears to have an established business over there, but is on holiday in the UK at present. I'll meet him, and he's not expecting to drive it away immediately.
What snags may I have missed, and are there better ways of his paying me - transfer agents, western union, whatever? I don't know how a US citizen would set about picking up a few £k in cash in the UK.
What experience do others have of such an arrangement and payment methods?
I'm fine with the rest of the paperwork side of it.
Stolen paypal account, not part of their buying/selling guarantee, so they just cancel/reverse the transaction and you're left with no car and no money.
Why can't he bank transfer? Any UK bank will give you the BIC code and account details in order to do a CHAPS payment which will work overseas?
Why can't he bank transfer? Any UK bank will give you the BIC code and account details in order to do a CHAPS payment which will work overseas?
Autolycus said:
I have a buyer from the USA interested in buying a Land Rover from me. I am aware of some of the scams, but he would want to pay by Paypal, and would cover my fees to receive the money as he says it's still cheaper for him than using a wire transfer.
Not even remotely true, unless he doesn't actually have, a.) A bank account, b) Any money.Autolycus said:
I don't know how a US citizen would set about picking up a few £k in cash in the UK.
Same way as you would in the US.fivepointnine said:
If he is here anyway, there is no reason he should not be able to hand over cash or at the minimum arrange a bank to bank wire transfer. Also unless the vehicle is a '91 or older it is illegal for him to import it back into the US.
Indeed. Comprehensive guidance here:http://eastcoastrover.com/imports.html
fivepointnine said:
If he is here anyway, there is no reason he should not be able to hand over cash or at the minimum arrange a bank to bank wire transfer. Also unless the vehicle is a '91 or older it is illegal for him to import it back into the US.
Just to clarify, I think you mean '91 or YOUNGER.Lazadude said:
Stolen paypal account, not part of their buying/selling guarantee, so they just cancel/reverse the transaction and you're left with no car and no money.
Why can't he bank transfer? Any UK bank will give you the BIC code and account details in order to do a CHAPS payment which will work overseas?
I pay lots of international stuff this way.Why can't he bank transfer? Any UK bank will give you the BIC code and account details in order to do a CHAPS payment which will work overseas?
Regardless of monetary value, it's a £9'50 charge so I guess he would pay about $12,-
Cheep and fast.
Just to add that I bought my last car this way.
Quasi international as I bought it darn sarf and brough it up t'Chesiiire
Edited by so called on Monday 8th February 15:10
fivepointnine said:
3xpendable said:
Just to clarify, I think you mean '91 or YOUNGER.
No, needs to be older than a '91 model year. The US has a 25 year import rule, as in you cannot import any vehicle that was not originally sold in the US that is any newer than the 1991 model year.3xpendable said:
fivepointnine said:
If he is here anyway, there is no reason he should not be able to hand over cash or at the minimum arrange a bank to bank wire transfer. Also unless the vehicle is a '91 or older it is illegal for him to import it back into the US.
Just to clarify, I think you mean '91 or YOUNGER.1991 or before (25yo+) - OK to import.
1992 or more recent (<25yo) - potentially serious import problems.
V8RX7 said:
I'm guessing you've never used Paypal.
They will say it's safe - right up until the point they take the money back, then you'll be left calling idiots in far flung countries with poor grasp of English let alone reality and get no help whatsoever.
foxsasha said:
V8RX7 said:
I'm guessing you've never used Paypal.
They will say it's safe - right up until the point they take the money back, then you'll be left calling idiots in far flung countries with poor grasp of English let alone reality and get no help whatsoever.
Or better still post up your site, I'll buy some things and do a chargeback and you can post up how that works out.
Gassing Station | General Gassing | Top of Page | What's New | My Stuff