Overseas Buyer Scam ? NB

tom52

tom52

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I have been advertising my old BMW on the internet. Lots of overseas response which, alerted by previous posts about selling boats, I have assumed to be a scam and ignored.
However one "buyer" is persisting and insisting that he is genuine ?
Maybe I am just getting desperate to sell, but if I give him my address but not any banking details in order to get a cheque from him and do not release the car until I have turned it into cash and do not get involved in any complicated arrangements to pay the shipper what can go wrong.
Or am I just too simple and trusting to be allowed out on my own or at least on the internet ?
Advice please

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What BMW is it?

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As I said in one of the previous posts, I would do as you say. Address only. If they want anything else, it's likely to be a scam.

But if you get a draft or similar, I would only release the car when your bank had confirmed, in writing, that the money has cleared into your account and that it cannot, under any circumstances, be reversed.

<hr width=100% size=1>my opinion is complete rubbish, probably.
 
um, I have sold loads of cars but never to someone who didn't turn up. If he asks for bank details, he ain't a buyer, he's a scammer. You need cash or a bank draft on a uk bank and he needs none of your bank details at all. As the scams get more refined, "i'm genuine, honest" will be part of the scam.

a beemer mite be of interest to a singaporean or that area ish but more likely merc stuff really. Nonetheless they will turn up in person.

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I'd agree with the last. A common version of the expensive-car scam is (or was) to pay by foreign bank draft. This goes to your bank who credit your account with the appropriate amount. It all looks good, someone collects the car. However, two weeks later when the draft bounces on your bank, they then demand you repay them.
 
Where's he from? After all, there can't be that much of a market for a right-hand Bummer on the Continent, let's say. After all, we do have them here too! Some of which wind up in Bulgaria, Bosnia and so on.

<hr width=100% size=1>Adriatic links here: <A target="_blank" HREF=http://www.comoy.com/saillinks.html>http://www.comoy.com/saillinks.html</A>
 
Do not give bank details or even your address. Arrange to meet somewhere, he (or she) brings cash, you bring car (and a couple of your "associates") done deal or walk (drive) away.

If he is genuine he will turn up if not ...........

Mobile phones are handy also if he needs a contact number.


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He seems to be overseas. In which case, as others have said, you have a huge risk if he pays by overseas cheque because these can un-clear 3 weeks after they have cleared. In that case, it is much safer to give him your bank details (you can use an empty account if you want to be super safe, and make sure the bank confirms it has no o/d facility) and tell him to TT the money, because TT-ed money cannot subsequently bounce or "un clear". Just because someone (even a scammer) has your UK bank sort code, swift code and account number, there's not a lot they can do to nick your money. (Is there?)

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If it's a classic M3 (Evolution) I can understand as quite a few have been imported as the suppply over here dries up, so the supply of LHD is drying up and RHD are being shipped back. Quite a following of these cars.

Always go for a TT. Not cash or cheque - new money laundering laws have come in.

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I would have thought that "TT'd" money could not be reversed either. But an exporting customer of mine once told me that just that happened to him! He did a lot of business in African countries and one day his bank debited a large amount that had been transferred. They said that it had been the subject of an illegal transfer in Africa and that their international agreement meant they had to return it. Might be B/S but worth checking.

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"Always go for a TT. Not cash or cheque - new money laundering laws have come in."

Does that apply to boats as well? I mean don't accept cash? I always insist on cash NOT cheques. Don't have a problem also I've paid for all my boats cash.

I believe the banks, by law, have to inform the inland revenue if you deposit or withdraw more than £10,000 cash in any single transaction but I have never had any problems even with larger amounts - maybe I am just lucky or maybe in 5 years time they will ask "where did that cash come from?"

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No under no circumstances must you give him your banking details. There are nigerians they have a "scheme" even the banks here are scared of them, once they have your banking details, you have had it. I dont know how it works, but they clear you out.

Standard Bank here lost some Millions about three years ago.

DO NOT give your banking details, you must all be aware of these letters about a "huge amount of money" that needs to be transferred out of the country. Read them, all they really ask for is your banking details.

Take the cash (there are more fake USD in some parts of the world than real ones, so DO NOT take UDS100,- bills), give him the car. Fair exchange is no robbery.

Regards ongolo

<hr width=100% size=1>1000 dream about it, 100 talk about it, 10 start and 1 completes it
 
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