1971 Corvette LS5
Thread Starter
Pro
Joined: Jan 2016
Posts: 534
Likes: 12
From: Ohio
1971 Corvette LS5
Little help. Has anyone ever heard of Riffking Brokerage Services out of Florida. Just wondering. Gentleman contacted me about buying my Corvette for a buyer from overseas.
Ted
Ted
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Joined: May 2006
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Thread Starter
Pro
Joined: Jan 2016
Posts: 534
Likes: 12
From: Ohio
1971 Corvette LS5
Just wondering. The gentleman that works for them wanted to wire transfer money from overseas to my banking acct for purchase. My bank told me not to give no acct numbers out. I understand that. I requested a Cashiers Check with the fact it takes 7 to 10 days to clear before car gets released. He now wants me to set up a checking acct. that they can wire money to ,then I can withdraw the monies. Anyone ever heard of doing that????
Thread Starter
Pro
Joined: Jan 2016
Posts: 534
Likes: 12
From: Ohio
1971 ls5
Just never heard of selling a car like that, give me cash, cashiers check hold car till it clears or Certified Check.. Even when I bought my 71LT1 from Bobby Rahal and my 1971 LS5, they both wanted a certified check on release of cars. Don't like creating a one time transaction checking account.
Thread Starter
Pro
Joined: Jan 2016
Posts: 534
Likes: 12
From: Ohio
71
I have mentioned everyway, but the only person that prevails is me. If I don't get either a certified check, cashiers check paypal or cash no sale. My boss( the wife of 50 years) told me we don't have to accommodate him.
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Michael S. Palmer
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Joined: Mar 2016
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From: Napa Valley California
I sold a boat to a guy in Canada.
He mailed me a cashiers check from his bank.
My bank only released a small portion of the funds into my account every couple of days.
It took almost ten days for the money to clear into my account.
This was a protection for me by my bank.
Once the money was all released, I called the buyer who had his shipping company come and pick up the boat and transport it to Canada.
He did not ask for any weird type of payment plan.
When they do run!
I bet he is offering full sales price for your trouble and piece of mind.
He mailed me a cashiers check from his bank.
My bank only released a small portion of the funds into my account every couple of days.
It took almost ten days for the money to clear into my account.
This was a protection for me by my bank.
Once the money was all released, I called the buyer who had his shipping company come and pick up the boat and transport it to Canada.
He did not ask for any weird type of payment plan.
When they do run!
I bet he is offering full sales price for your trouble and piece of mind.
Burning Brakes
Joined: May 2018
Posts: 942
Likes: 243
From: Fruita CO
I know several people who opened a special account to accept a wire transfer to complete a car sale to an out of state buyer. Once the money clears and the sale is complete they closed the account. Your bank should be familiar with the process.
Last edited by slammin; Dec 19, 2019 at 08:25 AM.
Old Pro Solo Guy
Joined: Dec 2017
Posts: 8,113
Likes: 4,473
From: Marlton NJ
Cashiers Checks can be way too easily faked these days.
I have also had my checking account hacked and now take precautions.
We lost $600 directly from our main checking account one time and it took quite a while to get our money back, no more...
My banker advised me to setup a second account for both paypal use & online use.
I keep slightly over $100 in to avoid any fees.
That's the way I would do it. A wire transfer into my "temporary" account.
I only risk the $100 sitting there.
I do all the transfering with my banks online program.
I have also had my checking account hacked and now take precautions.
We lost $600 directly from our main checking account one time and it took quite a while to get our money back, no more...
My banker advised me to setup a second account for both paypal use & online use.
I keep slightly over $100 in to avoid any fees.
That's the way I would do it. A wire transfer into my "temporary" account.
I only risk the $100 sitting there.
I do all the transfering with my banks online program.