turboetech
Active VIP Member
This is very common I buy and sell classic cars and do the same but tell the seller they only get 20 mins to reply with picture of my name and classic for sale… never lost yet
All good advice here GT, i went to buy a Quad and went to view it all was good until i found out from the owner that it was not paid off and still under financing. I asked him to get the finance Co on the phone, after talking with finance Co they said they would release it after they got there $$ and that it would take a week for the paperwork. He asked me for the money and he would give me the quad and the paperwork in a week, i laughed and and said that's illegal to begin with, secondly you could report it stolen and double your $$, do i look f'n stupid. I got in my truck and said good luck, maybe he could find another sucker. After checking he had still never paid that quad off in 7 years ffs.Glad I could help.
As a seller, the only risk you're really taking is getting paid. Cash effectively eliminates that issue.
However, as a buyer of a rather big ticket item, you're taking many chances. Is it stolen, have a lien, concealed damage, unauthorized seller, etc? If someone is trying to conceal their identity as seller, it's a huge red flag. I think it's completely reasonable for buyers to be sceptical. For those that say they would never give out their address, it's on the paperwork ffs. Anyone driving down the street can see your address and the $100k of junk sitting in the driveway. It's not a secret. Would you buy a $20k item from a stranger in a parking lot? I'd want to see some ID. As @Ghfalls said, it's been done like this for decades.
Most of the marketplace scams involve fake ads. They recycle the ad or photos and post in many locations. A reverse image search, or keyword search exposes these pretty quick. Another obvious thing is the background of the photos not matching the sellers location. Unreasonably low prices, overly enthusiastic descriptions, or cut and pastes are common on scam ads as well.
Shipping containers, trailers and garden sheds are all rampant with fake ads. I bet you could find several in your area right now.