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Old 05-02-2008, 12:02 AM   #1 (permalink)
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Default Selling privately? Beware!

A neighbour stopped by one day to tell me about a recent experience selling his coach. An agent conducted the negotiations between him and the buyer and arranged for a flatbed (low loader) to come pick up the coach. Being the smart guy he is, my neighbor wouldn't part with the coach until he either had cash in his hand or until a check cleared.

When the cashier's check was deposited, the bank immediately said it wouldn't clear. I'm not sure if that meant it was counterfeit or not. My neighbor contacted the local FBI office and, although they were sympathetic, they said "you're one of a thousand".

Personally, I'd have questioned the use of an overseas (UK) agent acting for a North American buyer of something being sold in the U.S. But, until the check bounced, my neighbor apparently didn't suspect anything.

So, be sure you have the money before you part with your treasured possession.
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Old 05-02-2008, 12:57 AM   #2 (permalink)
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Sorry about the Amerispeak creeping in. I meant to say cheque rather than check. Also didn't catch the second instance of 'neighbor'. But it's too late to edit my message.

Admin Jim, any chance you could extend the courtesy time for editing a post? I'll often go away and re-think something I wrote, then come back to change what I said, either for clarification, to correct incorrect statements, or to fix simple errors like this one. It's not a big deal for simple typos but, if/when serious advice is being given, it sure would be nice to get the 'facts' corrected. TIA.
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Old 05-02-2008, 09:48 AM   #3 (permalink)
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Quote:
Originally Posted by TJ-RV View Post
Personally, I'd have questioned the use of an overseas (UK) agent acting for a North American buyer of something being sold in the U.S. But, until the check bounced, my neighbor apparently didn't suspect anything.

So, be sure you have the money before you part with your treasured possession.
it happens over here also.. whilst we were looking to buy.. there were several either on ebay and also in autotrader that when we contacted them they told us the van was in *spain* (for instance) and that they'd already arranged with a shipper to send the van to the UK.. and that the best way to handle this was for us to give the money to a "3rd party" which they had conveniently already arranged... so that the money would be held until we recieved delivery and had a 7 day trial period with the van !!! YEAH RIGHT !!!!

anyhow.. there are a lot of *SCAMS* out there .. be interesting to know of any others...

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debs
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Old 05-02-2008, 11:01 AM   #4 (permalink)
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When I bought in the States used world first who not only gave me a great rate of exchange but kept me and the seller right up to date.

I was also surprised nearly a year later they were holding £300 of cash for me as the bought on a favourable day and the was spare cash I was unaware of.

Currency Exchange - Foreign Exchange - Currency Transfers - Money Transfer

Would recommend them to anyone.

------------------------------------------------------------------------------------------------------------------------------------

Ta Tom for the advice as it's so easy to get caught out
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Old 05-02-2008, 02:26 PM   #5 (permalink)
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Hi,

If you are buying in the UK you should always get an HPi check carried out we nearly purchased a van for 20k+ which still had 17k+ owing to the finance company, which the seller never told us about until i told them what i had found from the HPI check. needless to say the trust went straight out of the window and we didn't purchase it ?

While you can sort this out if you know about it first, be vary weary, if you don't know and don't have an HPI check which tells you about it, then you could find that the finance company will take the vehicle back from you ?? so beware

Hope that helps
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Old 05-02-2008, 02:36 PM   #6 (permalink)
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I know of at least two people who have HPI'd caravans and been given the all clear to buy and it turns out a year or so later there stolen.

Got no support from HPI afterwards either.
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Old 05-02-2008, 02:39 PM   #7 (permalink)
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Quote:
Originally Posted by d2debs View Post
it happens over here also.. whilst we were looking to buy.. there were several either on ebay and also in autotrader that when we contacted them they told us the van was in *spain* (for instance) and that they'd already arranged with a shipper to send the van to the UK.. and that the best way to handle this was for us to give the money to a "3rd party" which they had conveniently already arranged... so that the money would be held until we recieved delivery and had a 7 day trial period with the van !!! YEAH RIGHT !!!!

anyhow.. there are a lot of *SCAMS* out there .. be interesting to know of any others...

regards
debs
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Using an Escrow service is a good idea when you have a stalemate. for example; the buyer doesn't want to part with the cash without getting the MH and the seller vice-versa. Online escrow services work like this. For a small fee, it will hold the payment until the buyer confirms that they received the product you were promised within an agreed upon period of inspection. The service then forwards payment to the seller. If all goes well, the terms of the sale are met and everyone ends up satisfied. However, all is not well if you have unknowingly chosen to do business with a fraudulent escrow site. Avoid Escrow services, especially if the buyer recommends them!
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Old 05-02-2008, 03:00 PM   #8 (permalink)
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Hi,

I have never heard that before, perhaps you could find some more details as that sounds terrible. As I have always thought you were covered if you have followed all of the procedures that they require as that was my main reason for using them and suggestion other do also.

If you can find out the full details as it could be extremely important to a lot of people who are under the same opinion as me

Thanks in anticipation



Quote:
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I know of at least two people who have HPI'd caravans and been given the all clear to buy and it turns out a year or so later there stolen.

Got no support from HPI afterwards either.
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Old 05-02-2008, 03:40 PM   #9 (permalink)
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Moto of this tale:-
Never buy privately unless you are sitting in the vehicle with the log book and even then it could be stolen.
Not worth it for me. Rather pay more from a dealer with some warrenty and guarantees!
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Old 05-02-2008, 03:51 PM   #10 (permalink)
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Blimey I 'll do some searching back to my vanning days
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