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Classic Car, far too cheap?

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Classic Car, far too cheap?

Old 9th Feb 2018, 22:25
  #21 (permalink)  
 
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You might consider posting on www.scamwarners.com to help others not fall for these scammers ... particularly the 'over-payment' scam.
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Old 9th Feb 2018, 22:56
  #22 (permalink)  
 
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Would anybody accept a cheque from somebody they did not know?
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Old 9th Feb 2018, 23:01
  #23 (permalink)  
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When I sold my last car I was afraid that I might be given counterfeit cash, and I took advice from my bank as to what to look for - they even gave me a special pen to check the notes.
In the event, the buyer took me to my own bank and drew out the money which I passed straight to my friendly (who knew me) cashier and paid it straight into my account.
Even had it have been counterfeit it was the bank's problem!
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Old 10th Feb 2018, 06:22
  #24 (permalink)  
 
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It's not uncommon for scammers to find a photo of an attractive car on the internet and use that photo in their ebay advert.

It may be an idea to use the image search function at images[dot]google[dot]com and see if the photo has been lifted from another site.
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Old 10th Feb 2018, 08:46
  #25 (permalink)  
 
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A chap I know in the trade took a banker's draft for fifteen grand in payment for a Porsche 911. When he presented it they told him that it was a genuine draft but had been stolen and they would nae pay out. The car had meanwhile been sold on to a third party down in that there London. Police said it wasn't stolen as he handed cover the keys, insurers said the same.
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Old 10th Feb 2018, 10:02
  #26 (permalink)  
I don't own this space under my name. I should have leased it while I still could
 
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SiL sold a car, cant remember the process, price agreed etc. To his surprise 3 boyos drove over from Belfast. Paid for car and off to pick up a second.

To say he was sh1tting bricks is to put it mildly. All military tell ta!es were hidden. In the event is was a very smooth transaction.
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Old 10th Feb 2018, 10:10
  #27 (permalink)  
 
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Thomas coupling - you advise against allowing a buyer to touch keys or drive your car.
I'm pretty sure most genuine buyers in a private sale wouldn't buy a used car unless they had test driven it. I certainly wouldn't.
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Old 10th Feb 2018, 10:17
  #28 (permalink)  
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Originally Posted by Thomas coupling View Post
Never walk into a bank with more than 5k in cash. They wont accept due to money laundering laws.
Where did you get this from?
I recently paid in slightly over 11,000 in cash to at my local Natwest bank with no problem at all.

All that money laundering regulations require is that when dealing with cash sums above 10k, the bank is required to satisfy themselves that the money came from a legal source.
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Old 10th Feb 2018, 11:10
  #29 (permalink)  
 
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Originally Posted by 419 View Post
Where did you get this from?
I recently paid in slightly over 11,000 in cash to at my local Natwest bank with no problem at all.

All that money laundering regulations require is that when dealing with cash sums above 10k, the bank is required to satisfy themselves that the money came from a legal source.
Spot on. I paid in around 30k in cash a year or so ago and there was no problem, other than the cashier having to fill in a form with a fair few questions on it. IIRC, they also wanted to see some independent ID, other than the card, but my driving licence was OK. Took a few minutes longer than a normal transaction, but that was all.

The same thing applies when drawing out large sums. I had to pay one or two contractors who were helping build our new house in cash, and the process was similar to that when I paid in a lot of cash.
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Old 10th Feb 2018, 11:52
  #30 (permalink)  
I don't own this space under my name. I should have leased it while I still could
 
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When I retired, to save days lost transferring my gratuity to a high interest account I withdrew it in cash and walked it to the building society next door.

I had warned the bank but they didn't believe me. Instead of having it all ready in used notes, properly sealed in bank bags, they had to raid the safe and count it all there.

Next door was one of those joint estate agent/savings offices. They didnt believe us either when we asked for a private office, until we started unloading. Apart from them now having too much cash on the premises, it worked, but what fun.
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Old 10th Feb 2018, 12:21
  #31 (permalink)  
 
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Originally Posted by Pontius Navigator View Post
When I retired, to save days lost transferring my gratuity to a high interest account I withdrew it in cash and walked it to the building society next door.

I had warned the bank but they didn't believe me. Instead of having it all ready in used notes, properly sealed in bank bags, they had to raid the safe and count it all there.

Next door was one of those joint estate agent/savings offices. They didnt believe us either when we asked for a private office, until we started unloading. Apart from them now having too much cash on the premises, it worked, but what fun.
Reminds me of the first house we bought. We were pretty tight for money, and I'd spotted a book in Smiths called something like "do it yourself conveyancing". The book had a pack of all the forms needed, with full instructions, so I decided I'd make the purchase myself. Part of the money for the new house was a mortgage cheque from the building society and part of it was from our savings (we weren't allowed to do a bank transfer at that time - that was strictly for professionals only).

The vendors solicitor I was dealing with was a PITA, right from the start, as he just didn't like the idea of a "normal" person doing what he saw as a solicitors job. The final hassle from him was on completion day, when I had to wait for him to get the keys from the vendor after they had moved out, then go in to his office to pay him, and he would only accept the building society cheque and cash, he wouldn't even take a bankers draft.

So, I drew out all of our savings in cash, carried it across the street to his office in one of those canvas bags the banks used to use and went through the completion process with him. At the point where I was about to hand him the bag of cash and the cheque I paused, waiting for him to speak. He looked at me a little curiously, until I prompted him that there was a form of words that we needed to exchange in order to make the completion legally binding. He asked what these words were, I told him that he was the professional, as he had pointed out to me repeatedly over the few weeks previously, so he should know better than I.

He went off and looked through some book on law, found the phrase, said it to me, I gave the correct reply and we exchanged the money for the keys.

I will add that he had the good grace to say afterwards that he had been wrong to be so awkward in dealing with me previously.
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Old 10th Feb 2018, 12:31
  #32 (permalink)  
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In 1988 I bought a new car (as in brand new, no previous owner).
I withdrew the cash for it from my account (and was surprised how small the resulting package of notes was - I had arrived with an empty briefcase - remembering the films).
The car salesman was taken aback and panicked - having never previously been faced with the situation - and really didn't know what to do.
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Old 10th Feb 2018, 13:39
  #33 (permalink)  
 
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The last three new cars I've bought I've paid for by debit card. The first time I did this, putting the card in the machine and typing in my PIN, I didn't believe it would work, but the car salesman said that it would, but that we might have to wait for a phone call. Sure enough my bank rang the dealer within a minute, asking to speak with me. I answered a couple of questions and they authorised the payment. The two other times I bought new cars from the same dealer (and each was an outright purchase, not a part-ex) my bank didn't even bother with the phone call, but authorised the payment immediately. I assume they must keep records of "trusted transactions" or something.
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Old 10th Feb 2018, 14:12
  #34 (permalink)  

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My partner used to work in accounts at a BMW dealership which was part of a nationwide group. They were not allowed to accept more than 10,000 in cash under any circumstances. Something to do with money laundering legislation. It may have been a company restriction to avoid necessary paperwork if accepting more.

This resulted in some unpleasant scenes with members of the fine upstanding 'traveller' community who only ever wanted to pay in cash for some reason.
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Old 10th Feb 2018, 14:52
  #35 (permalink)  
 
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Around ten years ago I bought a Mercedes SLK from a Geordie property developer who had run short of funds. He drove down the Great North Road, I drove up it. We met at a roadside diner near Grantham and I handed over 23 grand in a a Tesco carrier bag. Got a few odd looks as we drank our coffee with him counting it.
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Old 10th Feb 2018, 14:58
  #36 (permalink)  
 
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Police said it wasn't stolen as he handed cover the keys, insurers said the same.
Utter bollox. Of course it was stolen. A person steals if they dishonestly appropriate property, belonging to another with the intention of permanently depriving that person of it.
If you're paying with a stolen bankers cheque you're dishonestly appropriating.
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Old 10th Feb 2018, 16:04
  #37 (permalink)  
 
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That would have been my view too, the car sat on a forecourt in West London but he could not get it back. They said the garage had title too it.
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Old 10th Feb 2018, 16:31
  #38 (permalink)  
 
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The mentally challenged (to put it politely).
Amazing what some people will fall for.. Darwin effect ?
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Old 10th Feb 2018, 16:32
  #39 (permalink)  
 
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Originally Posted by Effluent Man View Post
That would have been my view too, the car sat on a forecourt in West London but he could not get it back. They said the garage had title too it.
I had a different situation where the police told me categorically that I could not get my stolen car back, even though they had found where it was and who had it.

Some months after splitting up with my ex, we bumped into each other in a club. It was not a happy encounter, so I left, with a girl I had met a week or so earlier. My ex saw us leave and must have followed us in her car. I was going to drop my new girlfriend home, but she suggested going back to my place, the first time she'd been there.

I'm guessing that my ex followed us as far as my place (which wasn't our old marital home) and realised that there was a strong probability that my new girlfriend was going to stay the night.

I woke up the next morning, looked out of the window and saw that my car had gone. I rang the police, who came around pretty quickly and took down the details. About an hour or so later they rang me to say the car was parked outside my ex's parents house, and having spoken to my ex they were taking no further action, as my ex still had a set of keys for the car. I argued that it was registered in my name, that I had a receipt in my name and even had insurance for it that was only in my name, but they refused to act.

As it happened the car (a highly tweaked Mini) was due for an MOT in a few weeks and I knew that it needed a lot of work to the body shell (new cills, probably a repair, or even replacement rear subframe and a few other bits). A friend and I hatched a plot to recover all the parts that were of value on the car, like the wheels and tyres, the Corbeau seats, the extra instrument panel and the newly rebuilt engine and gearbox.

We did this at night, by going over to where the car was parked, pushing it up a track some way from the ex-in-laws house, and very quietly stripping virtually everything off the car, leaving it as a pretty much empty shell.

Apparently my ex reported this to the police, as an officer came around to see me to ask if I knew anything about it. I denied all knowledge, and he just smiled.

There was a finale to this, as the empty shell was blocking the access to a field and the farmer complained and the complaint came back to me, as the registered owner. I told him the car had been stolen and told him the police knew the identity of the thief, so he should talk to them. I never heard a thing about it, but assume my ex was lumbered with having to get the shell shifted to a scrapyard.
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Old 10th Feb 2018, 16:41
  #40 (permalink)  
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Did you claim on the insurance?
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