mention a cashiers check, but instead refer to a "check payable in the US". The email also implies that the car will need to be shipped to a client. I will not comment on his horrible spelling.
Hello,
my clinet is intrested in your car..if is still avalebbile please contact me. which you will receive a payable check in U.S. Hope to read from you soon.
Regards.
mark
We should add an additional rule, if you are not a professional in the import, export business, do not think about shipping your car overseas. Not for one second. Not even if the "buyer" has arranged for shipping. Even if it were legitimate (and it is not) you would be in for more headaches that you want.
We need to review the 4 simple rules again:
1) Never accept payment which is not for the exact amount of the sale.
Any normal purchaser will make payment to you in the correct amount. If someone has a check for the "wrong" amount it is not your problem to resolve. You are just trying to sell a car, your are not in the banking business! Really you should be selling your car to someone you see in person with cash or a check from a local bank you can verify at their bank.
2) Do not assume that any cashier check or money order is valid.
The FDIC issues regular reports about stolen and forged money orders and cashiers checks. It is not a rare event. You cannot assume any payment is valid unless you personally verify it at the bank that issued the payment, ie: by walking into that bank and cashing it.
3) Do not assume any payment if valid just because your bank gives you cash for it.
Under U.S. Banking Laws, your bank is obligated to "clear" cashiers checks in one business day. That means if you deposit a cashiers check today, your bank must allow you to withdraw cash tomorrow. That does not mean the payment is good. A forged cashiers check can take weeks for your bank to discover. When they do the entire amount plus service charges will be removed from your account! You see the trick?
4) Another persons problem is not your problem to solve.
Many of these scamsters develop involved stories about all kinds of problems they have, in this case a cashiers check for too much money. They offer you a bonus or easy sale for helping them solve the problem. In reality the only problem is that you will lose lots of money trying to "help" them.
Your only problem is to sell your car to an actual buyer, that has actually looked at the car and makes a payment you can actually verify (cash) at their bank. This will never include someone that wants the car shipped somewhere. It will never include someone that has a check of any kind for too much money.
No one will ever pay you an extra $500 much less an extra $1,000 or $5,000 for your car for helping them.
BOTTOM LINE Do not ever involve the "problems" of someone else in your transaction. Do not accept any "cashiers check" as valid -- no matter what the teller at your bank says.
The real question is who would buy a car they do not look at? But if you must sell your car to someone who is not local, please make sure you use an escrow service.
Article Source: http://www.article-matrix.com
By Wilbur Corncob. Buy used cars. Copyright (c) 2007 GLR Sales LLC. Permission is granted to reprint this article in whole or in part provided that a link to carsforsale.classifieds1000.com is included as a standard link.
