Help - sold my car online, what next?

forgotmyname

Yep several options here.

The bank transfer is fraudulent and your going to lose the car and the money.

Your going to get a call saying the cars not there and they want their money back. They will even have the police attend which will work well for them to recover the funds. You have no car and no money again.

He will update the V5C?? NO thats your job, if you fail to do it then the fines land on your doorstep not theirs. Its your job to update the V5C for the keeper change.

docmatt

The day his thief collects the car the money will be reversed. Biggest scam on the planet.

photome

I think you are crazy to consider when he is suggesting.

As others have said you have no idea who is going to pick up/ steal the car.

Your insurance won’t want to know when you tell them you left the key under the wheel arch.

There has to be a better way.

Please update us with good news or bad

EdGasketTheSecond

He needs to sign the V5 so you can't do as he suggests.

arcon5

docmatt wrote: »

The day his thief collects the car the money will be reversed. Biggest scam on the planet.

It's not though is it.

The guys paid by bank transfer. You can't just reverse bank transfers as and when You please.

arcon5

Leave a key with a neighbour?
Or have him put it in writing and confirm he accepts the risks

cb1979

I would take the day off, check with you bank the money is there and cannot be reversed.before they arrive ask them to bring the name and address of the new keeper, then do the electronic transfer of the new owner with the DVLA,this way you keep the V5 and destroy it, and you receive an email from the DVLA confirming you are no longer the keeper and this is dated and with the time on

motorguy

I dont think theres much of an issue if you've proven he is who he says he is. Car traders are usually quite blase about picking cars up and where to leave keys.

I would say though - not that you will really give a monkeys - is that hes buying the car for stock, not for his "secretarys daughter".

IamNotAllowedToUseMyName

arcon5 wrote: »

It's not though is it.

The guys paid by bank transfer. You can't just reverse bank transfers as and when You please.

It might be getting out of the realms of the scenario for this one, but if someone opens a dodgy account, scams some money and then transfers it to you, it is stolen money and can be reversed.

Essentially, it is like if you buy a stolen car - the original owner is entitled to it back. If the money was stolen, then the original owner is entitled to it back.

I've had an account opened in my name. Fortunately, when I rang First Direct when I received the documents for it, they had spotted the raft of online applications as the plonkers had used the same mother's maiden name so it went no further. They could potentially have got money into that account and used it to buy something appearing to be me (they'd got everything needed aside from my mother's maiden name, and I'm pretty sure that that is lurking around on the Internet in some insecure system or other, for example I probably could find it on a family tree site I've used in the past) - and you'd look me up and see I was who they said I was.

So a plausible scenario is that someone opens an online account, scams some money into it, uses it to buy a car posing as the dealer (just with ringing from a different phone number). They've got the car, and they can quickly sell it on using any number of car selling cons. Their risk is being identifiable, so the key trick makes then one step safer.

Not saying that this is the case, but to highlight that it is possible for someone to con someone out of a car even with a bank transfer. Just because it may be a legitimate trade, it does not mean that it is any way a wise thing to go along with because you will find it very difficult to tell the real thing from a con.

jimjames

arcon5 wrote: »

It's not though is it.

The guys paid by bank transfer. You can't just reverse bank transfers as and when You please.

The bank could well do if it's proved to be fraudulent.

Scammer gets bank details from innocent party, sends payment, they then get the car as well. Bank account holder reports fraud and payment gets blocked, potentially taken back.

OP has no idea who collected the car and no evidence to prove the fraud. Fraudster has done well to get a car with very little to trace back to them.

I'd agree with previous posts to be there for the pickup. Just because someone says they work for a company doesn't mean that they do, how did the OP determine that's the person on the phone? Passport, driving licence?

To buy a car untested, pay well in advance for it and then risk it being stolen before pickup just seems very odd and not something you'd do if it was your money. If it wasn't your money you wouldn't care...which leads back to not being legit!