Sale & shipping of a VW xcountry (deposit/balance of payment)

[yohmahmah]

I have a buyer who offered to overnight me a deposit and the balance upon pickup of vehicle. The buyer wants me to overnight the vehicle title to them after receiving the deposit. Am a little leery about shipping the vehicle title on only a partial payment.

Any reason to go with this deal over handing the title to the shipper when he arrives with the balance of payment?

Am thinking about payment mechanism (10% deposit to my checking account routing id from my deposit slip) and balance some type of bonded/brokerage/trustee payment). Digital payment would be nice.

Looking for info from some one who has done this before.

Thanx!

[vwracerdave]

It is your car. DO NOT do anything you are uncomfortable with. DO NOT release title until you have received full payment.
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2017 Street Comp Champion - Thunder Valley Raceway Park - Noble, OK
2010 Sportsman ET Champion - Mid-America Dragway - Arkansas City, KS
1997 Sportsman ET Champion - Thunder Valley Raceway Park - Noble ,OK
Featured in Dec. 2001 HOT VW's Magazine page 63

Watch my racing video's http://www.youtube.com/user/okvwracer/videos

[Abscate]

I have a car , you have money.

When you come and give me the money, you get the title and car. If you are too busy or lazy to come and get the car, you assume ALL the deal risk.

Escrow services can be helpful but not foolproof unless you write the conditions carefully.
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.ssS!

[grandpa red]

Tell the buyer you would be happy to send a copy.
Its not his car until you have been paid in full!
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'72 Beetle

[gt1953]

What has worked for me is this, think of yourself as the car dealer. Here are my terms to sell the car as it is your car.
Have seller send you the full amount in a certified cashiers check. You send the buyer the title. At that point wait for the shipper.
Now if the buyer wants to send a deposit to hold it make sure some of the deposit is non refundable if the buyer fails to show. You missed sales.
When buyer does show up with balance you hand over car and title.
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Volkswagen: We tune what we drive.
Numbers Matching VW's are getting harder to find. Source out the most Stock vehicle and keep that way. You will be glad you did.

72 type 1
72 Squareback
({59 Euro bug, 62, 63, 67, 68, 69, 73 type ones 68 & 69 type two, 68 Ghia all sold})

[TDCTDI]

Sounds scammy to me.


Neither the title nor the vehicle should be released to anyone without payment in full.


You should also avoid any electronic payments that can be “clawed back” or releasing the vehicle or title if payment is by check or money order as these take several days before the banks can actually verify that they’re good.
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Everybody born before 1975 has a story, good, bad, or indifferent, about a VW.


GOFUNDYOURSELF, quit asking everyone to do it for you!


An air cooled VW will make you a hoarder.


Do something, anything, to your project every day, and you will eventually complete it.

[Marcdeb]

[jeffrey8164]

They or their proxy need to show up C.I.F. (Cash In Fist)
Remind them that it is the only way to protect everyone involved.
And no, I’m not gonna follow you to your bank.
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Volkswagen!
Turning owners into mechanics since 1938.

“Let he that is without oil throw the first rod”
(Compression 8.7:1)

[Abscate]

Reminder. ANY paper document can be forged , so certified cashiers checks are just paper. Even if your bank accepts it, it can rejected weeks later and it’s your problem. Bank checks, bearer bonds, all forgeable.

A fraud of 10k isn’t enough for LEO and DAs to get interested especially if it’s an out of town person.

Cash is king. If you forge cash, the SS will look for you, they will find you, and they will ....you.
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.ssS!

[TrulyVintage]

I just dropped off a 1986 VW Westy in Seattle on Sunday.
It was on the Samba for sale and sold in a few hours.
The Buyer had never bought a vehicle at a distance before.
He sought me out initially for advice on how to proceed with purchase.

Cash In Person Is Best
You can arrange to meet at your bank
The money can be checked to see if it is genuine
The title and/or bill of sale can be notarized

Bank wire transfer is the next best thing
Cheapest & most secure way to transfer money
Buyer & Seller both have record of who paid who what amount
Upon funds showing up in account - seller sends title/bill of sale to buyer
Overnight mail delivery requiring signature with tracking

Never send proof of ownership with a vehicle
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Jim is on the road @ http://www.trulyvintagetrailers.citymax.com/trulyvintage-feedback.html