Selling my car.. am i getting scammed? - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Meister · 09-10-2013, 11:11 AM

Quote:

Originally Posted by calirider

+1

Whatever you do go with them to their bank. But, giving out those pieces of information is not crazy, that is what you have to give to a bank to do a wife transfer.

Wife transfer! How do we get one of those?

Msmall143 · 09-10-2013, 11:13 AM

you guys do realise your bank account number and routing number along with name and adress is on every check you write.

A wire tranfer is just quicker than waiting for acertified check to be proccesed, mailed and clear.

Best avdise though....do what your comfortable with, its a lot of money

a wire tranfer is coming and the info he requested is typical. if he started askign for SSN or DOB you woudl have a real reason to worry. I would not hand title over until funds cleared.

Msmall143 · 09-10-2013, 11:14 AM

Quote:

Originally Posted by strych9

A cashiers check is fine, but you need to be at his bank with him when he gets it. That way you'll know that it's authentic.

You'll knwo it authentic when the funds clear. Prior to that dont hand over title

strych9 · 09-10-2013, 11:21 AM

Quote:

Originally Posted by Msmall143

You'll knwo it authentic when the funds clear. Prior to that dont hand over title

The title-holding bank can verify the cashier's check on the spot. I've done this myself. We go to buyer's bank, he draws a cashiers check in my presence. We go to my bank, cashiers check is verified, funds are exchanged, title released.

Goo · 09-10-2013, 11:21 AM

Go to your bank, the one that holds your title, and ask them. Don't take financial advice from a bunch of people on a forum...

tyler731 · 09-10-2013, 03:17 PM

i sold a car to a guy in canada and he needed basically the same info, my bank said with just my account number he couldnt do anything but add money to it, after he transferred them money i emptied my account (for a precaution). once i had the cash he got the title

lbheat · 09-10-2013, 03:34 PM

is he from nigeria? If so, I think I met the guy before...

Msmall143 · 09-10-2013, 04:25 PM

Quote:

Originally Posted by lbheat

is he from nigeria? If so, I think I met the guy before...

VanquisherSS · 09-10-2013, 08:22 PM

Well technically this is how it should work. You have a loan with a loan account number. You do not give him your bank account information. How it works is your bank has a general ledger account. His bank will wire what you owe to this account with a payoff note to your loan account number. The bank then releases the title to YOU.

He should then come with a bank certified check, cashiers check, or cash for the balance. Sign a bill of sale stating that the car is sold as is. Sign title take your cash and move on.

09-10-2013, 03:34 PM	#21
lbheat Echale Gas [COTW 3/10/14] Drives: 2010 Camaro SS/RS Supercharged Join Date: Aug 2010 Location: La Puente, Ca Posts: 1,372	is he from nigeria? If so, I think I met the guy before... __________________ Kenne Bell 502 rwhp/ 471 rwtq at 9psi (daily driver...for now) Performance: Corsa catback, JRE Super Tensioner, dual pass heat exchanger, R1 slotted & Dimpled rotors cryogenically treated Cosmetic: Giovanna kilis 22", zl1 mailslot bumper, Custom Emblem Pro Badge, painted calipers

09-10-2013, 11:13 AM	#16
Msmall143 Drives: Camaro Join Date: Sep 2013 Location: NOVA Posts: 1,718	you guys do realise your bank account number and routing number along with name and adress is on every check you write. A wire tranfer is just quicker than waiting for acertified check to be proccesed, mailed and clear. Best avdise though....do what your comfortable with, its a lot of money a wire tranfer is coming and the info he requested is typical. if he started askign for SSN or DOB you woudl have a real reason to worry. I would not hand title over until funds cleared.

09-10-2013, 11:21 AM	#19
Goo Drives: Cayman S Join Date: Jun 2011 Location: Silverdale, WA Posts: 822 View My Garage	Go to your bank, the one that holds your title, and ask them. Don't take financial advice from a bunch of people on a forum...

09-10-2013, 03:17 PM	#20
tyler731 Drives: 2011 camaro ss Join Date: Jun 2013 Location: blairstown Posts: 95	i sold a car to a guy in canada and he needed basically the same info, my bank said with just my account number he couldnt do anything but add money to it, after he transferred them money i emptied my account (for a precaution). once i had the cash he got the title

09-10-2013, 08:22 PM	#23
VanquisherSS Hasbin of Stock Bottom HP Drives: CTS-V Coupe, 04 TT Viper Join Date: May 2011 Location: NJ Posts: 2,561 View My Garage	Well technically this is how it should work. You have a loan with a loan account number. You do not give him your bank account information. How it works is your bank has a general ledger account. His bank will wire what you owe to this account with a payoff note to your loan account number. The bank then releases the title to YOU. He should then come with a bank certified check, cashiers check, or cash for the balance. Sign a bill of sale stating that the car is sold as is. Sign title take your cash and move on.