Ripped off again
Posted: Mon Oct 23, 2006 8:37 pm
Not me, just some owner of an ex mil truck.
It came to my notice that another owner has got his truck ripped off by the same old scam that rears its ugly head from time to time.
I have been been ripped off in this MV business more times than I care to recall so here's some advise. You've probably heard this before BUT:-
If are selling your vehicle to a private party ( and be careful with bona fide businesses too!) do not in any cicumstances accept a cashiers cheque without getting the funds in your hand. Frankly a cashier's cheque is as worthless as used toilet paper until a bank (Yours) can get the funds into your account.
Don't let the prospective buyer charm you with his Mr Nice Guy Mardi Gras mask. Believe me once he has his hands on your truck the mask will be thrown away for a more uglier "visage".
If the guy is for real he can wire you the money whilst he is in your sights. It can take only a few hours to move that money to your account in most cases. Even if his bank does not exist in your State there will be a correspondent bank who they deal with. In any case unless he brings green money he can wait for the 24 hours in extreme circumstances to let the cash filter through the system to your bank.
If you have credit card acceptance do NOT in any circumstances accept a CC charge for the vehicle. Once home he can recind the charge and you are out of a vehicle.
Remember cash is KING and its your money!
Take care
Dennis
It came to my notice that another owner has got his truck ripped off by the same old scam that rears its ugly head from time to time.
I have been been ripped off in this MV business more times than I care to recall so here's some advise. You've probably heard this before BUT:-
If are selling your vehicle to a private party ( and be careful with bona fide businesses too!) do not in any cicumstances accept a cashiers cheque without getting the funds in your hand. Frankly a cashier's cheque is as worthless as used toilet paper until a bank (Yours) can get the funds into your account.
Don't let the prospective buyer charm you with his Mr Nice Guy Mardi Gras mask. Believe me once he has his hands on your truck the mask will be thrown away for a more uglier "visage".
If the guy is for real he can wire you the money whilst he is in your sights. It can take only a few hours to move that money to your account in most cases. Even if his bank does not exist in your State there will be a correspondent bank who they deal with. In any case unless he brings green money he can wait for the 24 hours in extreme circumstances to let the cash filter through the system to your bank.
If you have credit card acceptance do NOT in any circumstances accept a CC charge for the vehicle. Once home he can recind the charge and you are out of a vehicle.
Remember cash is KING and its your money!
Take care
Dennis