Dead Deal
Pro
Joined: Jul 2006
Posts: 512
Likes: 0
I dont blame him.
If you can get a check... you can get the cash.
Too many scams out there.
I recently sold a 57 Chevy. The buyer came 1000 miles with over $15,000 cash. Car wasnt done yet, LS1, C4 IRS/IFS, on its way to being a BIG $$$ CAR. I was just getting too old to finish it and needed a Corvette.
I had the wife run the bills to the bank for checking while we loaded the '57.
Both of us were and are still are happy with the deal.
You want things ... YOU pay $$$$.
You want trouble .... take a check.
Mike
Portland Oregon
If you can get a check... you can get the cash.
Too many scams out there.
I recently sold a 57 Chevy. The buyer came 1000 miles with over $15,000 cash. Car wasnt done yet, LS1, C4 IRS/IFS, on its way to being a BIG $$$ CAR. I was just getting too old to finish it and needed a Corvette.
I had the wife run the bills to the bank for checking while we loaded the '57.
Both of us were and are still are happy with the deal.
You want things ... YOU pay $$$$.
You want trouble .... take a check.
Mike
Portland Oregon
Team Owner
Joined: Aug 2003
Posts: 24,987
Likes: 26
From: Kerrville, Texas USA Hook 'em Horns!
CentralTX Events Coordinator
St. Jude Donor '03-'04-'05-'06-'07-'08-'09-'10-'11-'12-'13-'14-'15-'16-'17
As some of you may remember, I was working a deal for a REALLY LOW mileage 1998. Well I drove 3 hrs to see it, left a nice deposit without even driving it (not registered), and thought I was all set to go. I lined up a car trailer for next week then I got THE call. Seller would only accept cash, no bank checks, didnt want to call my bank, wouldn't tell me his bank for a wire transfer bla bla bla........ Only cash....Offered work and personal I.D.,told him he could call my emplorer (25 years there) still no good, bla bla bla....... Only Cash
I'm not driving to another state with that amount of cash....
So now its back to square one.
Anyone know of a low milage 98 or 99 with firethorn red interior and 6spd ?????????
I'm not driving to another state with that amount of cash....
So now its back to square one.
Anyone know of a low milage 98 or 99 with firethorn red interior and 6spd ?????????
Fill out your profile.
Melting Slicks
Joined: Apr 2005
Posts: 3,441
Likes: 534
From: PNW Cougar Country WA
2021 C6 of the Year Finalist - Unmodified
C6 of Year Finalist (stock) 2019
Good you didn't go for it, sounds like a scam or some other problem. People buying have to be as careful as people selling. If they won't meet you halfway so you can both feel safe somethings probably wrong.
God luck, you'll find another you can work with.
God luck, you'll find another you can work with.
Le Mans Master
Joined: Aug 2004
Posts: 9,420
Likes: 8
From: Southern New Jersey, The wet part at the bottom
St. Jude Donor '08-'09-'10
Like many other posters, I think you dodged a bullet on this one. Other than all the secret squirrel crap he was having you jump through hoops on he also wouldn't let you drive the car? I would have felt bad about the long drive but would have bid him an adieu right then and there. Buying a Vette should be fun, not an anxiety trigger. Good luck with your search.
Melting Slicks
Joined: Jul 2007
Posts: 2,430
Likes: 1
From: Somewherebetweenhereandthere
Sorry about your deal not going through...its probably for the best.
I bought my Z06 about 2 months ago from another forum member, I am in Iraq, he was in Chicago and my family is 2 hours away from Chicago... I think the seller was skeptical at first but I kept calling and I had my wife and brother check the car out. It all worked out perfect.
I am sure you will find another good deal closer to home and with a better seller. GOOD LUCK!!
I bought my Z06 about 2 months ago from another forum member, I am in Iraq, he was in Chicago and my family is 2 hours away from Chicago... I think the seller was skeptical at first but I kept calling and I had my wife and brother check the car out. It all worked out perfect.
I am sure you will find another good deal closer to home and with a better seller. GOOD LUCK!!
Racer
Joined: Apr 2006
Posts: 435
Likes: 0
With the way things are out there now on the economic front, I only accept cash for anything I have for sale.There are simply too many professional scam artists out there waiting to take your things for free. They are so good that it might take the bank 2 weeks to finally discover that the cashiers check you accepted was NG. That happened to a buddy of mine on a $6000 atv. 3 weeks later the bank starts sending him overdraft notices.Seems he checked with the bank first, the bank says it looks ok. The check was deposited and the money spent on another atv. 3 weeks later they said sorry, but you are overdrawn.he still owes the money he spent and the original atv is long gone.He even helped load the atv in the "buyers" pickup. He says the "buyer" was the perfect thief. Cash is king.Bring along an armed friend and buy it.
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Pro
Joined: Jan 2006
Posts: 597
Likes: 93
From: MA
I can not blame him, I have bought and sold quite a few cars in the last couple years, cash only, I pay cash for cars and I only take cash. There are too many scams around, cash is king, if you can get a bank check you can get cash, it can be a pain to deal with $40k in $100 dollar bills but at the end of the day there is no doubt and no BS with calling banks and most of the times they will not 100% guarantee the check is good.
Advanced
Joined: May 2007
Posts: 95
Likes: 2
From: Asheville, NC
Walk away, there are other great cars to be had. This deal sounds a little "off".
I've bought and sold with cashier's checks, never a problem but that doesn't mean it's fool-proof. It helps to have the check drawn on a bank you can both walk into and have verified- not visually but where they can actually look up the issuing transaction and verify it's real. I've also used the wire-transfer method, which is very solid. I don't like walking around with very large sums of money, that's how you wind up dead in a ditch.
I've bought and sold with cashier's checks, never a problem but that doesn't mean it's fool-proof. It helps to have the check drawn on a bank you can both walk into and have verified- not visually but where they can actually look up the issuing transaction and verify it's real. I've also used the wire-transfer method, which is very solid. I don't like walking around with very large sums of money, that's how you wind up dead in a ditch.
Burning Brakes
Joined: Jun 2005
Posts: 1,189
Likes: 1
From: South of Indy
St. Jude Donor '07-'08
If there are any questions or if the buyer insists on cash (don't blame them) you could always take a cashier's check with you, go with them to their bank, their bank rep. can call your bank rep. and then cash the check and give them the cash or smarter for them, deposit it so they don't have to carry the cash either. If they don't want to go to the bank for this type of transfer, they may be planning on taking the cash from you and keeping the car too (you could end up dead). They may not even own the car. Just make sure both banks are open on the day of the transaction and talk to someone from your bank so they are expecting the call. We did just that this spring and the seller's bank made the call themselves and it all worked out fine. Evvabody happy!
Race Director
Joined: Nov 2004
Posts: 11,065
Likes: 1,274
From: Central Ma
I deal with 2 banks one is exclusive to my state. I offered to get a check from a nation wide bank, still no good. Asked him his bank, he wouldn't tell me. He wanted me to send the money 1 week ahead of the pick up date, let the check clear.... then he would give me the car..... did I mention the reason he was selling...... he was moving out of the country !!!!!
Run Forest, run!
Burning Brakes
Joined: Jul 2007
Posts: 799
Likes: 16
From: Kansas City area
Hand carrying $20k in cash to buy a car from a stranger is simply not necessary in 2007. This is antiquated thinking at it's finest. Everyone understands the desire to avoid scams (both buyer and seller). As Mike Mercury previously stated, there are safe and legal methods to transfer this amount of cash. You could have easily opened an account at a bank with branches in his state, allowing him to receive his precious "cash" in a pillowcase (if that makes him happy). I like cash, too. But whenever I hear these stories, I can only surmise that the seller is just unfamiliar with modern banking. For what it's worth, that is how I bought my Vette. We drove from the repair shop (mechanical/structural inspection) to the bank. I had the purchase price transferred into his account. No cashiers checks, no enormous wads of cash, no problems whatsoever. Took all of five minutes. He had his money and I had the car with notarized, clear title.
I hope the original poster is able to find the right vette, as well as a more reasonable seller.
I hope the original poster is able to find the right vette, as well as a more reasonable seller.
I dont blame him.
If you can get a check... you can get the cash.
Too many scams out there.
I recently sold a 57 Chevy. The buyer came 1000 miles with over $15,000 cash. Car wasnt done yet, LS1, C4 IRS/IFS, on its way to being a BIG $$$ CAR. I was just getting too old to finish it and needed a Corvette.
I had the wife run the bills to the bank for checking while we loaded the '57.
Both of us were and are still are happy with the deal.
You want things ... YOU pay $$$$.
You want trouble .... take a check.
Mike
Portland Oregon
If you can get a check... you can get the cash.
Too many scams out there.
I recently sold a 57 Chevy. The buyer came 1000 miles with over $15,000 cash. Car wasnt done yet, LS1, C4 IRS/IFS, on its way to being a BIG $$$ CAR. I was just getting too old to finish it and needed a Corvette.
I had the wife run the bills to the bank for checking while we loaded the '57.
Both of us were and are still are happy with the deal.
You want things ... YOU pay $$$$.
You want trouble .... take a check.
Mike
Portland Oregon
Last edited by KCJeff; Oct 17, 2007 at 09:53 AM.
Burning Brakes
Joined: Jul 2007
Posts: 799
Likes: 16
From: Kansas City area
Some of you guys crack me up. Bring along an armed friend a buy it. Sure. Have one of your buds conceal a firearm, then travel across multiple states (with varying gun laws). Yeah, that makes sense. As someone who was licensed to carry a concealed weapon, I would not recommend utilizing this advice.
Team Owner
Joined: May 2001
Posts: 25,050
Likes: 1,265
From: Virginia
St. Jude Donor '11
I dont blame him.
If you can get a check... you can get the cash.
Too many scams out there.
I recently sold a 57 Chevy. The buyer came 1000 miles with over $15,000 cash. Car wasnt done yet, LS1, C4 IRS/IFS, on its way to being a BIG $$$ CAR. I was just getting too old to finish it and needed a Corvette.
I had the wife run the bills to the bank for checking while we loaded the '57.
Both of us were and are still are happy with the deal.
You want things ... YOU pay $$$$.
You want trouble .... take a check.
Mike
Portland Oregon
If you can get a check... you can get the cash.
Too many scams out there.
I recently sold a 57 Chevy. The buyer came 1000 miles with over $15,000 cash. Car wasnt done yet, LS1, C4 IRS/IFS, on its way to being a BIG $$$ CAR. I was just getting too old to finish it and needed a Corvette.
I had the wife run the bills to the bank for checking while we loaded the '57.
Both of us were and are still are happy with the deal.
You want things ... YOU pay $$$$.
You want trouble .... take a check.
Mike
Portland Oregon
...Nothing wrong with him wanting cash in hand if thats what he wanted. If the Vette was as good as he said, I would have made another trip with cash in hand...02 registered
BTW CMC1998, since you are not buying it can you tell us how much was it?Also, why didn't you want to test drive it since you drove all that way with a deposit?
Last edited by Yello95; Oct 17, 2007 at 10:03 AM.
Team Owner
Joined: May 2001
Posts: 25,050
Likes: 1,265
From: Virginia
St. Jude Donor '11
