buying a vehicle procedure - seeking advice

On Jan 15, 9:10 pm, alf <ask@me> wrote:
> Hi,
>
> This is a general questions about MC but in this case it is about a car.
> I found a cage to to replace my hit/poor Subaru. I visited seller, drove
> the car, all is okay. Some details remained but kind of ready for a
> transaction. Now, she insists to wire money to her account. All looks
> fine, but it begs a question, how to be 100% certain I get the car once
> money are transfered?
>
> On the other hand I understand the seller and her desire to be 100% sure
> she gets her money.
>
> So what is the safest procedure which makes both parties confident that
> the transaction will not turn out to be a fraud.
>
> Thx everyone for the advice,
> Andy

I wouldn't wire the money unless she was standing there with the title
to sign while I did the transfer. Unless you really trusted her.
There's still no guarantee she'll sign the title over. Have you seen
the title to make sure there's no lien on it?

What usually works is you meet at the bank and have a cashiers check
drawn up on the spot, in front of the seller. That's what I'm doing
today with the Escape. Fake cashiers checks are a legit problem these
days but she's being paranoid.

Remember you have the money, you're in control.

Greg.
 >> Stay informed about: buying a vehicle procedure - seeking advice 

"alf" <ask@me> wrote in message
news:o8idnZ9oNrDxDBDanZ2dnUVZ_g6dnZ2d@comcast.com...
> Hi,
>
> This is a general questions about MC but in this case it is about a
> car.
> I found a cage to to replace my hit/poor Subaru. Now, she insists to
> wire money to her account. All looks fine, but it begs a question,
> how to be 100% certain I get the car once money are transfered?

You can still get hosed. Try cashiers checks.


>
> On the other hand I understand the seller and her desire to be 100%
> sure she gets her money.
>

Get a bill of sale/intent signed prior to wiring the money?


> So what is the safest procedure which makes both parties confident
> that the transaction will not turn out to be a fraud.

Show up with $10G cash in hand, and refuse to hand it over until you
get a signed title?
 >> Stay informed about: buying a vehicle procedure - seeking advice 

"alf" <ask@me> wrote in message

....Now, she insists to wire money to her account. All looks
> fine, but it begs a question, how to be 100% certain I get the car once
> money are transfered?
>
DON'T DO THIS DEAL..
Sorry about the caps , but if you want my free advice, which just happens to
be expert advice (15 years in auto retail/wholesale), that was it.
I repeat: Do not do that deal. It has a fishy smell, even out here in CA.


--
Jim S.
Ducati 916
BMW R1100RS
 >> Stay informed about: buying a vehicle procedure - seeking advice 

On Jan 19, 10:40 pm, "Jim S." <idu... DeleteThis @youdunno.either> wrote:
> "alf" <ask@me> wrote in message
>
> ...Now, she insists to wire money to her account. All looks> fine, but it begs a question, how to be 100% certain I get the car once
> > money are transfered?
>
>  DON'T DO THIS DEAL..
> Sorry about the caps , but if you want my free advice, which just happens to
> be expert advice (15 years in auto retail/wholesale), that was it.
> I repeat: Do not do that deal. It has a fishy smell, even out here in CA.

You can test her bluff by offering to meet her at _her_ bank with the
cash and car present. Banks are eager to get deposits of any kind,
and if you show up with $10,000 cash, they will be more than happy to
act as transaction coordinator. You offer to meet her at her bank
instead of your bank so that she has no excuse to refuse. If she
does, dump her.

-Le Chaud Lapin-
 >> Stay informed about: buying a vehicle procedure - seeking advice 

Inlaw Biker wrote:
>
> Remember you have the money, you're in control.
>
Hi,


this is one of the best advice I got. Other was, have your upper limit
for a given transaction before engaging into the negotiation. and never
cross it.

Thx,
Andy
 >> Stay informed about: buying a vehicle procedure - seeking advice 

Jim S. wrote:
> "alf" <ask@me> wrote in message
>
> ...Now, she insists to wire money to her account. All looks
>> fine, but it begs a question, how to be 100% certain I get the car once
>> money are transfered?
>>
> DON'T DO THIS DEAL..
> Sorry about the caps , but if you want my free advice, which just happens to
> be expert advice (15 years in auto retail/wholesale), that was it.
> I repeat: Do not do that deal. It has a fishy smell, even out here in CA.
>
>

I have not. The stick '3 BWM 525i in mint condition is still for sale. I
did not take it because my skis do not fit easily.

BTW, I found on CARFAX history of other 540iT I was checking that it was
imported from China. Any clue why?

And I would not accept the wire transfer before getting the title signed
either. However, his case is a little bit opposite I guess - she is a
rich lady who is a president of known consulting company. Probably she
wanted overkill the transaction to get protected against the fraud from
the buyer side.

I finally bought 2000 E320 Wagon 4Matic, first owner (older and decent
couple), 90K miles for less then $10G. It is perfect successor of my
poor Outback. Will see how it rolls.

Also thx for all suggestions how to deal with an insurance company. The
good thing was that car was drivable and I hold the "time" card in
hands. I was not under pressure to get car fixed as soon as possible.
After over two months and some formal letters explaining the damage they
finally cut a check for almost as twice as originally estimated.

But enough speking about cages, is not it.

Cheers,
Andy
 >> Stay informed about: buying a vehicle procedure - seeking advice 

Le Chaud Lapin wrote:

> You can test her bluff by offering to meet her at _her_ bank with the
> cash and car present. Banks are eager to get deposits of any kind,
> and if you show up with $10,000 cash, they will be more than happy to
> act as transaction coordinator. You offer to meet her at her bank
> instead of your bank so that she has no excuse to refuse. If she
> does, dump her.

this is what I planed to do in case I wanted the car.

But here is another idea. I wonder if signing an sales agreement by two
parties doing that it in the front of a notary public would be good
enough protection if it comes to worse (for either of sides - both can
cheat in fact). The nature of document is that it is not valid until
both parties sign it. Then the order who is first handing over the
keys/cash/check/wire/title is less stressful.

Would it have any meaningful legal value?

Thx,
Andy
 >> Stay informed about: buying a vehicle procedure - seeking advice 

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 >> Stay informed about: buying a vehicle procedure - seeking advice 

Tweak wrote:
>
> Dunno, but really check the MPG on the 540iT before you buy if economy
> is halfway important. It evidently gets about the same gas mileage as a
> Suburban.

it means what?


> I tried to get my wife to consider the E320 wagons, but she was dead set
> on the 525iT since the 540iT was such a gas hog. MB is bigger, third
> seat, blah blah blah, but she said the MB had "bug eyes" so no way.
>

I know. BWM word calls headlights angels's eays in 5-Series. bug ones
can not beat it .

A.
 >> Stay informed about: buying a vehicle procedure - seeking advice 

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 >> Stay informed about: buying a vehicle procedure - seeking advice 

Tweak wrote:
> In article <LcmdnaFXh8Ew0AranZ2dnUVZ_hKdnZ2d DeleteThis @comcast.com>, ask@me
> says...
>> Tweak wrote:
>>> Dunno, but really check the MPG on the 540iT before you buy if economy
>>> is halfway important. It evidently gets about the same gas mileage as a
>>> Suburban.
>> it means what?
>>
> It means the 540iT. The 540iT gets horrible gas mileage, especially for
> a smallish wagon. It's fast as heck, but for a grocery getter the MPG
> is in the toilet.
>

but how bad it is 8, 10, 12MPG?

A.
 >> Stay informed about: buying a vehicle procedure - seeking advice 

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 >> Stay informed about: buying a vehicle procedure - seeking advice 

Tweak wrote:

>>
> All the real world info I could find guys claimed anywhere between 9 to
> 15. D is getting better than 20 around town with the 525iT, and mid-
> high 20s on the road. It's very close to the 4 cyl Accord she had.
>
> I get 13-14 with a 3/4 ton 4x4 Suburban, and it only drops to 9 with a
> 16 ft. trailer behind it.
>

thx for info. FWIW: my first tank in E320 yielded about 16MPG in "the
enjoy the engine" driving mode. On the highway, steady 60mph the
computer indicated at some point about 29MPG and normally 24MPG. But
those are more optimistic estimates. I just got it for a few days now.

A.
 >> Stay informed about: buying a vehicle procedure - seeking advice