What scam is this guy trying to pull?
Discussion
RayPike said:
Been out for a while and all this kicks off!
So buyer 1 hasn't been able to get his sh*t together and buyer 2 has appeared. All is good, except he wants to pay me in a wodge of cash (nearly £8K) when the banks will be closed. I've tentatively suggested it's not a good idea to be dealing with this much cash but he's reacted in a manner that leads me to believe he's a tradesman who likes to deal in readies.
I'm now going to be firmer and see what happens. I'm not expert enough with money to know what may be clever forgeries and I'm pretty sure my bank will take a dim view of me trying to pay in a load of cash! I wish someone with a normal bank account and grip on finances would try to buy my car!
bloody hell .......are you expecting Mike Brewer to turn up ...Banks are't going to question 8K for the sale of a car , just show them the advert if you are worried, So buyer 1 hasn't been able to get his sh*t together and buyer 2 has appeared. All is good, except he wants to pay me in a wodge of cash (nearly £8K) when the banks will be closed. I've tentatively suggested it's not a good idea to be dealing with this much cash but he's reacted in a manner that leads me to believe he's a tradesman who likes to deal in readies.
I'm now going to be firmer and see what happens. I'm not expert enough with money to know what may be clever forgeries and I'm pretty sure my bank will take a dim view of me trying to pay in a load of cash! I wish someone with a normal bank account and grip on finances would try to buy my car!
much safer bet than giving your details to a finance company
RayPike said:
I'm not expert enough with money to know what may be clever forgeries
As far as I'm aware, the one thing that forgers haven't managed to do is to get the actual metal strip running inside the paper. So, make a small tear at the top of some of the notes, and check the metal is really metal and within the paper. Banks don't like you doing this as it shortens the life of the note, but I believe it's the only way be certain these days, so I will keep doing it until they can come up with something more secure. DBSV8 said:
bloody hell .......are you expecting Mike Brewer to turn up ...Banks are't going to question 8K for the sale of a car , just show them the advert if you are worried,
much safer bet than giving your details to a finance company
Sold mine for more than that - buyer bought cash and my local bank went into complete meltdown; asking why we weren't doing transfers, people don't deal in cash that much, are you sure you want to go ahead, etc etc.much safer bet than giving your details to a finance company
Ended up having to take multiple ID (buyer and seller), print out two signed 'contracts', supply driving license and V5 documentations to prove....and then they counted the money twice.
It was a right PITA.
WTF is wrong with you people?
I bought two cars this week, one from a 20 year old up to his eyeballs in finance and in negative equity and another from a girl whose car could technically, still be liable to probate.
Grow some balls ffs. Total outlay 17k and well pleased with my new cars !
Checking £20 notes for metal strips is as gay as Larry Grayson.
I bought two cars this week, one from a 20 year old up to his eyeballs in finance and in negative equity and another from a girl whose car could technically, still be liable to probate.
Grow some balls ffs. Total outlay 17k and well pleased with my new cars !
Checking £20 notes for metal strips is as gay as Larry Grayson.
Edited by jjr1 on Wednesday 18th May 01:29
DBSV8 said:
bloody hell .......are you expecting Mike Brewer to turn up ...Banks are't going to question 8K for the sale of a car , just show them the advert if you are worried,
much safer bet than giving your details to a finance company
as above. I have only ever paid cash for cars. you go to your bank, withdraw the cash and get a receipt. turn up to buy, hand the money over, all the notes are bundled in 1k's ( stamped and dated ). sell a car for cash, go to the bank and pay it in. don't see what the problem is. never once has anyone at the bank questioned big withdrawal or pay ins. it is your money you know much safer bet than giving your details to a finance company
jjr1 said:
WTF is wrong with you people?
I bought two cars this week, one from a 20 year old up to his eyeballs in finance and in negative equity and another from a girl whose car could technically, still be liable to probate.
Grow some balls ffs. Total outlay 17k and well pleased with my new cars !
Checking £20 notes for metal strips is as gay as Larry Grayson.
Best, I'm a massive wI bought two cars this week, one from a 20 year old up to his eyeballs in finance and in negative equity and another from a girl whose car could technically, still be liable to probate.
Grow some balls ffs. Total outlay 17k and well pleased with my new cars !
Checking £20 notes for metal strips is as gay as Larry Grayson.
Edited by jjr1 on Wednesday 18th May 01:29
ker post ever.
Pretty much every car guide out there says, "don't accept large wodges of cash". And yet some of you seem to think it's ok to accept large wodges of cash. There is a very real possibility that some of the notes could be counterfeit. If the transaction happens on a Sunday evening, I have no way of checking that money. Oddly enough I have neither UV scanner nor "fake detector" pens lying around the house! If I pay it in and the bank accept it happily then find that, say, £300 is fake - I'm screwed out of £300. It may not be likely but it is possible.
Anyhow, I think I've managed to arrange for bank transfer, which I'm much happier with.
Anyhow, I think I've managed to arrange for bank transfer, which I'm much happier with.
My personal view is that Zuto is filling a gap in the market. I've seen it on here; many private sellers bemoan the fact that they can't sell a car due to the fact that buyers want finance. This is where Zuto step in. They need to do their own checks before releasing any money in order to protect their own interests.
To the posters thinking they might have problems with cash sales, just print off the AA standard car sale contract and add a term stating that the buyer paid cash. Then go to the bank and pay it in. Anything up to £10k and the banks won't bat an eyelid. Over £10k and they might ask for extra ID and ask where the cash has come from. I've never been asked for a copy of the contract/receipt and I've sold a few cars over £10k in the past couple of years and banked the money.
To the posters thinking they might have problems with cash sales, just print off the AA standard car sale contract and add a term stating that the buyer paid cash. Then go to the bank and pay it in. Anything up to £10k and the banks won't bat an eyelid. Over £10k and they might ask for extra ID and ask where the cash has come from. I've never been asked for a copy of the contract/receipt and I've sold a few cars over £10k in the past couple of years and banked the money.
If the buyer wants to pay cash, insist that the transaction, including signing over the v5 and giving him the keys, is done at the bank, once the money is paid in. The problem with transfers in my experience is that unless you both bank with the same bank, they can take hours or even days to clear.
Just make sure you've sorted out insurance and a lift home if doing it at the bank.
Just make sure you've sorted out insurance and a lift home if doing it at the bank.
jjr1 said:
Mr2Mike said:
jjr1 said:
WTF is wrong with you people?
I think the issue is that we aren't all boastfull, bullstting wkers and you are.king testicles that swung underneath you when you were born......
and
£17k of cars and FU?
You should be in the next Expendables. Got any more tales like this - have you ever paid cash for a tumble dryer from a slightly distressed older person for example?
CS Garth said:
jjr1 said:
Mr2Mike said:
jjr1 said:
WTF is wrong with you people?
I think the issue is that we aren't all boastfull, bullstting wkers and you are.king testicles that swung underneath you when you were born......and
£17k of cars and FU?
You should be in the next Expendables. Got any more tales like this - have you ever paid cash for a tumble dryer from a slightly distressed older person for example?
I think JJr1 is the one on the top on this picture ...................
https://scontent-lhr3-1.xx.fbcdn.net/v/t1.0-9/1310...
jjr1 said:
Mr2Mike said:
jjr1 said:
WTF is wrong with you people?
I think the issue is that we aren't all boastfull, bullstting wkers and you are.king testicles that swung underneath you when you were born......and
£17k of cars and FU?
RayPike said:
.. 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.
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?
Have you tried getting back to him saying you want those details from him?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?
M4cruiser said:
RayPike said:
.. 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.
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?
Have you tried getting back to him saying you want those details from him?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?
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