[Fatty Duckets]

Good Evening Folks,

I am looking for some guidance from the community. I have a prospective buyer for my car that is located outside the USA. They are willing to meet me in person here in the states, and through their own arraignments, ship the car back to Europe. As an aside, I have sold multiple cars in person to US citizens, but not to someone outside of the country. Could someone please help me map out the plan to sell the car, and most importantly, confirm that funds will be legitimate at the time of sale? My worst fear is a fraudulent money wire transfer or bs certified bank check. Cash to me is out of the equation, since my car is over $20k. Please let me know your thoughts!

[P1]

Why on earth is cash out of the equation? And what kind of car are you selling?

[Fatty Duckets]

I am just assuming carrying around that much cash as a buyer is risky, that is all. The car is a 335is.

Thanks

[MadDog]

Sounds like a scam. Post more details.

[RickFLM4]

Cash transacted at a branch of your bank or tell the buyer they can't take the car until a week after their wired funds clear your bank. I believe there may also be some escrow companies that can assist but I don't know much about how that would work, other than how escrow arrangements work in general.

[P1]

Originally Posted by Fatty Duckets

I am just assuming carrying around that much cash as a buyer is risky, that is all. The car is a 335is.

Thanks

Come on, chief. Why would someone overseas want to go through the effort of buying a 3-series in the US?

If you, for some reason, think this is not a scam, then tell them to fly to New Jersey (or wherever you live), meet these people in person, have them hand over $20K in cash, and sign over the title of your vehicle.

I sold my truck years ago like this. Guy drove to Texas from Indiana, gave me $25K in cash, I signed over the title, he was on his way.

[P1]

Since we're at it, can you humor us with some snippets of the email exchanges?

[wrickem]

Sell it to somebody else.

[ptpending]

335is is made and sold only in US market so in this case this is normal

[BOOF-M3]

Originally Posted by P1et

Come on, chief. Why would someone overseas want to go through the effort of buying a 3-series in the US?

If you, for some reason, think this is not a scam, then tell them to fly to New Jersey (or wherever you live), meet these people in person, have them hand over $20K in cash, and sign over the title of your vehicle.

I sold my truck years ago like this. Guy drove to Texas from Indiana, gave me $25K in cash, I signed over the title, he was on his way.

Meet the buyer at your bank then make a deposit, easy Peasy.

[Dackelone]

Cash is King!

[Maynard]

Have your bank tell the buyer what form they want the money transfer to come in - I think escrow services are probably best for this, as they give time for things to fully clear. Anybody who can jet about for a car can make those arrangements, and if they can't, consider it the starter pistol for that 'run away'. Once the car ships out, you'll never be able to recover a/t. Also good to verify that you won't be on the hook for any legal issues in the buyers home country (years ago a buddy of mine got stung for the cost of replacing all the emissions gear he'd swapped off of a used car b/c he didn't word the sales agreement properly, but that was in the USA).

[Archie Bunker]

Originally Posted by RickFLM4

Cash transacted at a branch of your bank or tell the buyer they can't take the car until a week after their wired funds clear your bank. I believe there may also be some escrow companies that can assist but I don't know much about how that would work, other than how escrow arrangements work in general.

Wires are instantaneous upon execution. There is no waiting for funds to clear.

[P1]

So what's the update here?

[EL Jeffe 5]

Why go trough hustle selling it to somebody over sea.
Its sounds like scam I bet you anything on the day when they suppose to fly something will come up and they will try to convince you to wire money.
Don't do it.

[eluded]

Cash at the bank. Make sure you bring the title. No cash, no ride

[P1]

So... any updates here OP?

[roastbeef]

did the prince of nigeria come and pickup his car yet?

[pz619]

Sounds like the plan is to send you a check for 30k to purchase your 20k car, due to <insert regulatory reason here>. He will then ask you to wire him 5k back and you get to keep the extra 5k.

Everyone wins. Except you.

Take cash. Go to bank and verify. Then transfer title.

[3rdcoast228i]

Why even bother? Someone in the states will buy your car.

Sounds like a scam waiting to happen.

[P1]

I need an update...

[infinitekidM2C]

he's dead guys...he's dead