I had a person come by and look at the car, but he was buying it for his friend in Europe. If the deal was to go through, his buddy would be wiring the money from Europe to me. Of course, i will not be handling over the title or the car until the wire is cleared, but could this in any way be a scam? Is there anything I should be worried about? I believe once the money is wired to my bank account and cleared, there is no way it can vanish..

Thanks in advance!

 

I am in sales at a Porsche dealership in SoCal. I have been sending cars all over the world because the euro to the $ works out so much better for them. I just sent a 997 Turbo to Switzerland and one BACK to Germany. You will notice that the market for the 997 Turbos will be going up because a lot of them are being exported for a much higher price. Even cars at the auctions have been going for waaay above bluebook. As long as you have the $ in your account and they have all the correct paperwork to import the car to wherever its going you shouldn't have a problem. PM me if you have any questions.

 

What does PCNA say about you selling cars out of the country. I would think they would greatly frown on this practice.

 

Only on used cars, can NOT export new cars at all

 

Even when the money has hit your account it can still be pulled back if the 'certified check' is fake.

 

No no no, you need to do wire transfers not cashier's checks. Big difference.

 

Just be careful if a buyer from Nigeria approaches you.

 

Wire transfers are safe. Ensure the money is there for at least 24 hours before handing over the title/car.

 

jamie is absolutely correct. Wait for a day or two to make sure everything is in your account. If you like, talk to the bank and make sure there is no way that the $ can be taken out of your account or any reason what-so-ever.

 

with a wire you will be fine

 

This is why I ended up selling my C4S on consignment thru my dealer. It got really complicated and pretty risky when you are handling the sale of a really expensive car. The dealer handled it all for me - cost me a couple grand though. Good luck.

 

Thanks so much for the help guys. If the deal does go through, i will be doing it with a direct wire transfer to my bank. Once it is complete, I will also wait 24 hours after that date! I'll also make sure to ask my bank about any possibilities of the funds being retracted.


Once again, thanks very much guys!

 

OK - I didn't think you could on new cars but you didn't state "used cars."
Sorry

 

I think you can still be burne4d with wired funds even after they 'clear'.

 

I sold a boat a few years ago to a gentleman in Italy. I opened a specific account for the wire transfer and waited a week for any irregularities. It all went well. I just wont allow them to transfer into an existing account where I have $$ for fear that it will get tapped.