Car sale and the buyer wants to pay via a finance agent

as5606

Thanks for the input guys. Not quite what I was expecting but you all seem to be singing off the same songsheet here. It is a performance car. Nearly 20k so faster payments not an option. Is there s method of payment like a debit card which would pay this amount? I know I've paid 20k before off a debit card before and it was obviously instant. The Graham company you suggest seems right. He said the guy arranging it is called Graham. Ive already asked for cash and he is going to try and work that out with Graham tomorrow. I'll keep you posted. Money in my account now has cleared. I've called halifax and confirmed.
Thanks for you input, anything else welcome :-)

hcb42

no the deposit is the textbook scam bit. ...........

vax2002

The money in your account can be "charged back" that means taken out of your account for up to 4 weeks, if you make a refund payment then that is a separate transaction, if they make a charge back the £1000 leaves your account leaving you in Debt, there is a name for this scam but it slips my mind
Beware

Foggster

as5606 wrote: »

Thanks for the input guys. Not quite what I was expecting but you all seem to be singing off the same songsheet here. It is a performance car. Nearly 20k so faster payments not an option. Is there s method of payment like a debit card which would pay this amount? I know I've paid 20k before off a debit card before and it was obviously instant. The Graham company you suggest seems right. He said the guy arranging it is called Graham. Ive already asked for cash and he is going to try and work that out with Graham tomorrow. I'll keep you posted. Money in my account now has cleared. I've called halifax and confirmed.
Thanks for you input, anything else welcome :-)

I suspect that he is buying the car on behalf of a client. If you read through the Graeme Ough site he seems to be into this type of work although with that level of expenditure you would hope that they would have checked the car thoroughly.

Good Luck.

Apples2

I can't see the role this Graham company play in this if the buyer has the cash available to pay.

It appears as if the Graham company thing buys the car (pays the seller), then offers some kind of finance deal to the buyer so the buyer can pay by installments.

Seems weird to me in any case, you'd think this Graham company should be the ones doing all the leg work to ensure the car is legit.

Merest sniff of a doubt is enough for me to walk away. This is, afterall, a textbook MO of a scam.

geoffky

the transfer docs to the bank via a promisery note will be a scam one but it takes the banks 3 weeks to work out but they clear it after 5 days...a classic 419 scam


the funds will show as cleared but the bank will not suss out the transfer until a lot later and you will be left holding the baby.

RichGold

geoffky wrote: »

the transfer docs to the bank via a promisery note will be a scam one but it takes the banks 3 weeks to work out but they clear it after 5 days...a classic 419 scam
the funds will show as cleared but the bank will not suss out the transfer until a lot later and you will be left holding the baby.

That's exactly what I was getting at in my first post when asked if the funds had cleared and then warned the seller to be careful about reimbursing the buyer.

paddyrg

There are so many scammy possibilities it is scary. One other way would be if they cancel, and sk you to return the deposit keeping (say) £200 for your inconvenience. Seems reasonable, but you are asked to send it via western union... happens a LOT! Anyway, it sounds complicated, get it made simple. If he is taking out finance, fine, let him do that in advance and bring you cash. If it is some dodgy tax move, keep well clear, and why would you sign the papers over to someone diffferent than the one who paid the cash... Tempting as it is, I suspect you could find yourself regretting it if you go ahead

RichGold

It might even be worth discussing this with your bank in advance of anything happening.

This chap has your bank details too dosn't he?

immoral_angeluk

Sounds fishy as hell to me...