Potential Scam, Money-laundering while selling car
Discussion
Hi guys and girls,
I'm selling my BMW 640d and a nice chap turned up today to have a look.
All was good until we started talking about deposits and transferring funds.
We settled on £10k, however he started saying some strange things. For example when asked if I would take cash, I said yes but I would like to pay it directly into my bank, the guy said "I wont go in the bank, cant be seen in a bank". He's also adamant that he'll struggle to pay via bank transfer "I'll have to ask a mate to help". He also said do you know what WBAC are offering"? Which I thought was a strange thing to say, also very interested in number of owners, but not interested in driving the car, or seeing the history.
So, what do you think? I guessing this is a straight forward buy with dirty cash and then sell on WBAC to get it clean.
Where would I stand if the car was bought with "dodgy cash"
Thanks
I'm selling my BMW 640d and a nice chap turned up today to have a look.
All was good until we started talking about deposits and transferring funds.
We settled on £10k, however he started saying some strange things. For example when asked if I would take cash, I said yes but I would like to pay it directly into my bank, the guy said "I wont go in the bank, cant be seen in a bank". He's also adamant that he'll struggle to pay via bank transfer "I'll have to ask a mate to help". He also said do you know what WBAC are offering"? Which I thought was a strange thing to say, also very interested in number of owners, but not interested in driving the car, or seeing the history.
So, what do you think? I guessing this is a straight forward buy with dirty cash and then sell on WBAC to get it clean.
Where would I stand if the car was bought with "dodgy cash"
Thanks
benallen123 said:
So, what do you think? I guessing this is a straight forward buy with dirty cash and then sell on WBAC to get it clean.
Where would I stand if the car was bought with "dodgy cash"
Thanks
A scam is protectable but I don't see how you can avoid someone buying your car with illegitimate money.Where would I stand if the car was bought with "dodgy cash"
Thanks
As a private seller, you're dealing in cash or a wire transfer. You have no way of checking where that money came from.
As long as the cash is genuine, you deposit it and your life goes on. You've made a legitimate sale?
benallen123 said:
Hi guys and girls,
I'm selling my BMW 640d and a nice chap turned up today to have a look.
All was good until we started talking about deposits and transferring funds.
We settled on £10k, however he started saying some strange things. For example when asked if I would take cash, I said yes but I would like to pay it directly into my bank, the guy said "I wont go in the bank, cant be seen in a bank". He's also adamant that he'll struggle to pay via bank transfer "I'll have to ask a mate to help". He also said do you know what WBAC are offering"? Which I thought was a strange thing to say, also very interested in number of owners, but not interested in driving the car, or seeing the history.
So, what do you think? I guessing this is a straight forward buy with dirty cash and then sell on WBAC to get it clean.
Where would I stand if the car was bought with "dodgy cash"
Thanks
If they don't want to pay it in at the branch I think that means it's more likely counterfeit rather than dirty.I'm selling my BMW 640d and a nice chap turned up today to have a look.
All was good until we started talking about deposits and transferring funds.
We settled on £10k, however he started saying some strange things. For example when asked if I would take cash, I said yes but I would like to pay it directly into my bank, the guy said "I wont go in the bank, cant be seen in a bank". He's also adamant that he'll struggle to pay via bank transfer "I'll have to ask a mate to help". He also said do you know what WBAC are offering"? Which I thought was a strange thing to say, also very interested in number of owners, but not interested in driving the car, or seeing the history.
So, what do you think? I guessing this is a straight forward buy with dirty cash and then sell on WBAC to get it clean.
Where would I stand if the car was bought with "dodgy cash"
Thanks
You're OK regardless.
If he doesn't want to come into the bank, then fine, but he's not getting the keys or V5 until the money has been paid in by you. He can sit outside & wait.
If >£10k you will likely be asked the source of the funds - and you just tell them you sold a car. Unless you're doing it every week, it's unlikely to raise any concerns.
If he doesn't want to come into the bank, then fine, but he's not getting the keys or V5 until the money has been paid in by you. He can sit outside & wait.
If >£10k you will likely be asked the source of the funds - and you just tell them you sold a car. Unless you're doing it every week, it's unlikely to raise any concerns.
Carbon Sasquatch said:
You're OK regardless.
If he doesn't want to come into the bank, then fine, but he's not getting the keys or V5 until the money has been paid in by you. He can sit outside & wait.
If >£10k you will likely be asked the source of the funds - and you just tell them you sold a car. Unless you're doing it every week, it's unlikely to raise any concerns.
This If he doesn't want to come into the bank, then fine, but he's not getting the keys or V5 until the money has been paid in by you. He can sit outside & wait.
If >£10k you will likely be asked the source of the funds - and you just tell them you sold a car. Unless you're doing it every week, it's unlikely to raise any concerns.
Don’t over think it. As long as the bank accept the money as legit and you issue a receipt (you could ask for ID to match the address you’ll be adding on the V5) Deal and move on with your life.
You can get a counterfeit note pen which you strike on each note and it will change colour if they're counterfeit, it also has a UV light too.
Best way to proceed would be to agree a deal and say until funds are cleared by the bank you aren't releasing keys or documents/receipt. If said buyer turns away from the sale you know its either dirty money or its counterfeit money.
I'm also pretty sure they won't be able to sell to wbac for 6 months as they check the log book to ensure you've owned for a minimum of 6 months
Best way to proceed would be to agree a deal and say until funds are cleared by the bank you aren't releasing keys or documents/receipt. If said buyer turns away from the sale you know its either dirty money or its counterfeit money.
I'm also pretty sure they won't be able to sell to wbac for 6 months as they check the log book to ensure you've owned for a minimum of 6 months
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