What scam is this guy trying to pull?
Discussion
Got a call from a buyer who's interested in my car. Lives an hour and a half drive from me, has only seen pictures. My asking price is £7,950 and he's offered £7,800. Says he's been looking for this spec for a while and wants to buy it asap. He then says when he comes to pick it up he can pay cash of £1,000 and the rest will be direct bank transfer, but the finance company he's using want MY details! When enquiring further this turns out to be copy of driving licence, V5 document, god knows what else. I pointed out that I only wanted cleared funds in my account and wanted nothing to do with a finance company that wanted my details. He says he'll check with them and get back to me as it sounded a bit weird to him too.
Is this something that anyone else has heard of or has an inexperienced buyer got the wrong end of the stick from a misheard conversation with a finance company do you think?
Is this something that anyone else has heard of or has an inexperienced buyer got the wrong end of the stick from a misheard conversation with a finance company do you think?
sounds similar to this? Zuto? http://www.pistonheads.com/gassing/topic.asp?t=159...
RayPike said:
...it sounded a bit weird to him too.
...got the wrong end of the stick from a misheard conversation with a finance company do you think?
Sounds likely....got the wrong end of the stick from a misheard conversation with a finance company do you think?
You spoke to him, generally you can tell if someone is straight or not. The gullible are excused, however.
Just wait to see how it pans out?
MDMA . said:
Just tell him to have his loan paid into his account, withdraw when cleared and turn up with cash. That or he looks at it, leaves a deposit, payment before collection. You withdraw the cash and put into another account.
I told him I wasn't interested in how he got the finance sorted but I wanted nothing to do with his finance company, just wanted cleared funds in my account. As he knows my name and, should we agree a deal, my address, and he'll get my bank details to arrange the transfer... he kind of already has the details he needs if he's going to pull the scam mentioned in the first reply, surely?
k off and move on to the next is your best line here. Don't be roped in. 10penceparalyzed said:
sounds similar to this? Zuto? http://www.pistonheads.com/gassing/topic.asp?t=159...
Sounds very similar. So could actually be legit. I'll ask him the name of the company and see what he says. Ta.RayPike said:
R8Steve said:
You're going to end up paying for your own car, the loan will be in your name.
Quality. Like that one. Without a signature? I suppose banks do accept "electronic signatures" these days so you may be right.I'd like to be proven wrong but I'd be amazed if a finance company will fund a private sale, I can't see how they'd tie themselves in to the legalities of funding a purchase then potentially finding out its a wrongen ( not saying your car is o.p) without a potential line of cover for them.
Please report back though with the result. I still say you are in for a world of hurt and bother with this, cut it loose.
Please report back though with the result. I still say you are in for a world of hurt and bother with this, cut it loose.
RayPike said:
It is Zuto apparently. We'll see how it goes then...
Even if Zuto *is* a legit company, I'd still not do it.What do Zuto need your details for, how well protected are your details, and how do you benefit?
Have a read of https://www.zuto.com/privacy/ and think about it.
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