Selling my zr-1 overseas question
08-18-2014, 07:48 PM
#1
Drifting
Thread Starter
Selling my zr-1 overseas question
Hi
I have a potential buyer for my 94 ZR-1 .He is from Norway. His ebay feedback is very good 385 positives. He wants to go throught an escrow company Schumacher Cargo Logistics, Inc. – Los Angeles - Houston - Miami – Savannah - New York. They look legit. Any advice or what I should look out for. Here is what they sent.
Our Escrow Service works as follow:
1. Once you have agreed on the purchase/sale of this vehicle we will draft the Buyers Escrow Letter & Seller Escrow Letter and send them to you. Both documents must be completed, endorsed, and returned (by both buyer & seller).
2. Bard will transfer the shipping cost + purchase price + non-refundable escrow fee into our escrow account.
3. We will notify the seller (Todd) upon receipt of funds to confirm the drop off/delivery date of the vehicle + original title + bill of sale so that we can have a cashiers check ready for the even exchange.
We hold an A rating witht the Better Business Bureau (BBB). Here is the Link: http://www.bbb.org/sanjose/business-...na-ca-13144694
Please let me know if you have any further questions.
Kind Regards
Christian Mager
Schumacher Cargo Logistics, Inc. – Los Angeles - Houston - Mia
I have a potential buyer for my 94 ZR-1 .He is from Norway. His ebay feedback is very good 385 positives. He wants to go throught an escrow company Schumacher Cargo Logistics, Inc. – Los Angeles - Houston - Miami – Savannah - New York. They look legit. Any advice or what I should look out for. Here is what they sent.
Our Escrow Service works as follow:
1. Once you have agreed on the purchase/sale of this vehicle we will draft the Buyers Escrow Letter & Seller Escrow Letter and send them to you. Both documents must be completed, endorsed, and returned (by both buyer & seller).
2. Bard will transfer the shipping cost + purchase price + non-refundable escrow fee into our escrow account.
3. We will notify the seller (Todd) upon receipt of funds to confirm the drop off/delivery date of the vehicle + original title + bill of sale so that we can have a cashiers check ready for the even exchange.
We hold an A rating witht the Better Business Bureau (BBB). Here is the Link: http://www.bbb.org/sanjose/business-...na-ca-13144694
Please let me know if you have any further questions.
Kind Regards
Christian Mager
Schumacher Cargo Logistics, Inc. – Los Angeles - Houston - Mia
08-18-2014, 08:21 PM
#2
Instructor
Hi
I have a potential buyer for my 94 ZR-1 .He is from Norway. His ebay feedback is very good 385 positives. He wants to go throught an escrow company Schumacher Cargo Logistics, Inc. – Los Angeles - Houston - Miami – Savannah - New York. They look legit. Any advice or what I should look out for. Here is what they sent.
Our Escrow Service works as follow:
1. Once you have agreed on the purchase/sale of this vehicle we will draft the Buyers Escrow Letter & Seller Escrow Letter and send them to you. Both documents must be completed, endorsed, and returned (by both buyer & seller).
2. Bard will transfer the shipping cost + purchase price + non-refundable escrow fee into our escrow account.
3. We will notify the seller (Todd) upon receipt of funds to confirm the drop off/delivery date of the vehicle + original title + bill of sale so that we can have a cashiers check ready for the even exchange.
We hold an A rating witht the Better Business Bureau (BBB). Here is the Link: http://www.bbb.org/sanjose/business-...na-ca-13144694
Please let me know if you have any further questions.
Kind Regards
Christian Mager
Schumacher Cargo Logistics, Inc. – Los Angeles - Houston - Mia
I have a potential buyer for my 94 ZR-1 .He is from Norway. His ebay feedback is very good 385 positives. He wants to go throught an escrow company Schumacher Cargo Logistics, Inc. – Los Angeles - Houston - Miami – Savannah - New York. They look legit. Any advice or what I should look out for. Here is what they sent.
Our Escrow Service works as follow:
1. Once you have agreed on the purchase/sale of this vehicle we will draft the Buyers Escrow Letter & Seller Escrow Letter and send them to you. Both documents must be completed, endorsed, and returned (by both buyer & seller).
2. Bard will transfer the shipping cost + purchase price + non-refundable escrow fee into our escrow account.
3. We will notify the seller (Todd) upon receipt of funds to confirm the drop off/delivery date of the vehicle + original title + bill of sale so that we can have a cashiers check ready for the even exchange.
We hold an A rating witht the Better Business Bureau (BBB). Here is the Link: http://www.bbb.org/sanjose/business-...na-ca-13144694
Please let me know if you have any further questions.
Kind Regards
Christian Mager
Schumacher Cargo Logistics, Inc. – Los Angeles - Houston - Mia
I used them when I shipped my 1988 C4 from Los Angeles to Australia a few years ago. I had no problems with them and all emails and phone calls were answered promptly.
Ken D
08-18-2014, 08:35 PM
#3
Team Owner
As long as you know you are always working with Schumacher and no middle man, it sounds legit.
And #2, the first word should be "buyer" not Bard, right?
And #2, the first word should be "buyer" not Bard, right?
08-18-2014, 10:03 PM
#5
Drifting
Bankwire only his account to your account. Let the company pick the car up once funds clear. International priority the title to whoever.
FOB from your driveway.
FOB from your driveway.
08-19-2014, 07:12 PM
#6
Drifting
Thread Starter
Spoke with representative from Schumaker, they are going to wire the cash into my account. I feel good about the process so far.
Thanks
Todd
08-19-2014, 08:07 PM
#7
Drifting
Once the money is in your account there is no turning back period.
Overnight the gentleman the title and let the shipper contact you for pickup arrangements.
Congrats on the sale......I think!
08-21-2014, 05:59 AM
#8
Le Mans Master
08-24-2014, 10:52 PM
#9
Drifting
I sold my '69 to another Vette Forum member back in Feb. He is in Australia and went through Schumacher. Basically, they handle everything....they love it if you're on the ball giving them the paperwork....scanned copy of the title, bill of sale (we printed, signed and scanned copies back and forth), shipping permissions, etc.
It was extremely smooth. Basically, the buyer paid the full amount for the car, shipping, and broker costs to Schumacher. Once the the wire cleared their account, Schumacher wired the money into my account. According to my bank, once a wire is made (it only uses information found on a normal check, so the same risk as writing handing someone a check), there is no way for them to take the money back and cancel the transfer unless they can prove fraud. Once the money cleared into my account, they had the shipper contact me and the car was gone in about a week.
From the time we agreed on a price until the money was cleared into my account was 4 or 5 business days.
It went smoother than pretty much any other transaction I've ever made unless someone walked up with cash in hand.
Chris
It was extremely smooth. Basically, the buyer paid the full amount for the car, shipping, and broker costs to Schumacher. Once the the wire cleared their account, Schumacher wired the money into my account. According to my bank, once a wire is made (it only uses information found on a normal check, so the same risk as writing handing someone a check), there is no way for them to take the money back and cancel the transfer unless they can prove fraud. Once the money cleared into my account, they had the shipper contact me and the car was gone in about a week.
From the time we agreed on a price until the money was cleared into my account was 4 or 5 business days.
It went smoother than pretty much any other transaction I've ever made unless someone walked up with cash in hand.
Chris
08-25-2014, 11:35 AM
#10
Drifting
Thread Starter
I sold my '69 to another Vette Forum member back in Feb. He is in Australia and went through Schumacher. Basically, they handle everything....they love it if you're on the ball giving them the paperwork....scanned copy of the title, bill of sale (we printed, signed and scanned copies back and forth), shipping permissions, etc.
It was extremely smooth. Basically, the buyer paid the full amount for the car, shipping, and broker costs to Schumacher. Once the the wire cleared their account, Schumacher wired the money into my account. According to my bank, once a wire is made (it only uses information found on a normal check, so the same risk as writing handing someone a check), there is no way for them to take the money back and cancel the transfer unless they can prove fraud. Once the money cleared into my account, they had the shipper contact me and the car was gone in about a week.
From the time we agreed on a price until the money was cleared into my account was 4 or 5 business days.
It went smoother than pretty much any other transaction I've ever made unless someone walked up with cash in hand.
Chris
It was extremely smooth. Basically, the buyer paid the full amount for the car, shipping, and broker costs to Schumacher. Once the the wire cleared their account, Schumacher wired the money into my account. According to my bank, once a wire is made (it only uses information found on a normal check, so the same risk as writing handing someone a check), there is no way for them to take the money back and cancel the transfer unless they can prove fraud. Once the money cleared into my account, they had the shipper contact me and the car was gone in about a week.
From the time we agreed on a price until the money was cleared into my account was 4 or 5 business days.
It went smoother than pretty much any other transaction I've ever made unless someone walked up with cash in hand.
Chris
Thanks for the input. Schumacher is wiring the money into my checking account when I arrive with the car and title. I checked with my bank and they said once it's wired funds are available immediately, as long as it between the hours of 9-3. If it's after those hours ,funds would be available the next day at 9am. I tried selling at Carlisle on Saturday, the weather sucked and there were nothing but tire kickers. Ashame it has to leave the country. I will miss it. Luckily I still have my 91.
thanks
todd
08-25-2014, 11:52 AM
#11
Hi
Thanks for the input. Schumacher is wiring the money into my checking account when I arrive with the car and title. I checked with my bank and they said once it's wired funds are available immediately, as long as it between the hours of 9-3. If it's after those hours ,funds would be available the next day at 9am. I tried selling at Carlisle on Saturday, the weather sucked and there were nothing but tire kickers. Ashame it has to leave the country. I will miss it. Luckily I still have my 91.
thanks
todd
Thanks for the input. Schumacher is wiring the money into my checking account when I arrive with the car and title. I checked with my bank and they said once it's wired funds are available immediately, as long as it between the hours of 9-3. If it's after those hours ,funds would be available the next day at 9am. I tried selling at Carlisle on Saturday, the weather sucked and there were nothing but tire kickers. Ashame it has to leave the country. I will miss it. Luckily I still have my 91.
thanks
todd
Still seems to be a bit complicated. You hand over car and title and THEN they transfer/wire the funds? Seems backward to me, they wire, your bank confirms and THEN you turn over car and title. You want to communicate with only one officer at your bank before and after to confirm the wire transfer and the availability of the funds.
08-25-2014, 12:50 PM
#12
Drifting
Thread Starter
Still seems to be a bit complicated. You hand over car and title and THEN they transfer/wire the funds? Seems backward to me, they wire, your bank confirms and THEN you turn over car and title. You want to communicate with only one officer at your bank before and after to confirm the wire transfer and the availability of the funds.
thanks
todd
08-25-2014, 10:26 PM
#13
Drifting
I did everything by phone and email, scanning copies of the paperwork, taking a digital photo of the VIN, etc.
Schumacher isn't a scammer....they're a real company and legit, but I still wouldn't give anyone anything until the money cleared my account.
Schumacher isn't a scammer....they're a real company and legit, but I still wouldn't give anyone anything until the money cleared my account.
08-27-2014, 08:13 PM
#14
Drifting
Thread Starter
Everything went smooth, BON VOYAGE, I'll miss it.