I'm glad you shared that with everyone.....good people need to stick together. Don't ever mastake your gut instinct, it's never done me wrong.

It's unfortunate to those who are really interested like myself, when I saw that I thought it was going to be mine being that my first Auto loan only gave me a cap for $15,000.

Well just remember the great thing about Karma...what goes around comes around....you will get blessed in one way and the robber will get stiffed in another.

God bless the good people.

 

Kiting is taking advantage of float - the time it takes a bank to collect on your check. Technically what the bank is doing is not kiting, as it's not illegal for banks to do it, but when they have your money in a day or two and don't allow you access to it for 5-11 days, to me it's the same thing. Reality is that regulations have not kept up with the technology.

From investorwords.com

 

The ad is here http://orangecounty.craigslist.org/car/243614966.html

Where does he say he took it in tradein?

 

Hmm, I'm even more confused. You'll accept only cash, except that you took a cashier's check that you're now sweating over. The price is NOT negotiable, except that you did renegotiate it.

I like my cars to go to a good home too, but the bottom line is that you're selling used machinery, not your sister.

Neil
05 MCS
96 M3
03 525iT
77 MGB - Original owner, sold to a good home this year, for cash.

 

You can sell your SISTER? Why didn't anyone tell me this fact before??

 

My God that makes me so mad. I can't believe someone would do that. He won't even tell the buyers how well you took care of that car. I bet after one week they'll whip through an auto car wash.

I am so sorry. I wish there was something I could do.

 

UPDATE! I emailed him and now he says he is not a whole seller. He says this:

"I am driving it but I have a family member who has cancer and I need to loan them $40k and I am selling two cars."

Yeah right. After a few emails, he now says that his uncle is a whole seller but he is an individual.

Ugh. I'm sorry.

 

 

The

 

The ad has been deleted from the OC Craig's List by the author!

 

I have sold many cars over the course of my life. It has never occured to me to worry what the purchaser was going to do with the car after I sold it.

Someone please enlighten me. Isn't a cashiers check as good as cash? Isn't it the same as a certified check?

 

You have got to be careful with foreign transactions. A cashiers check drawn on a foreign account can take 2 weeks to get to the processing bank. When it gets there it is shown as a forgery and the banks take the money out of your account. You are left with no money and your goods are gone. I deal with karting equipment and this has happend more than once in our industry. Your transaction went fine so there are good people out there to deal with, you just have to be careful.

A wire transfer is the best way to deal with this. Money is wired into your account from their bank. Once in your account it is yours, period. There is no way to get it back other than sending it back to them.

 

Really?? I made a killing, the bank in Nigeria is going to send me an extra $200,000 for putting the $1,000,000 cashiers check in my bank and sending the change back. What a deal! It should clear any day now!

 

good luck with that

 

but they can cancel the check at any time...

 

I concur with your post. I sell something and get what I ask I have no concerns what the buyer does once my money is in hand. Now if I was selling my wife I would be pissed but my car, hell it is only a car.

 

it's the business equivalent of "trust but verify". Really, if you want conditions on your sale, it's up to you to confirm that the buyer is representing themselves honestly. But really, who cares where it ends up? What if the buyer just plain changed their mind (I don't think this is the case here though). Stuff happens. You got your money, be happy. It's not your car anymore.

Sadly, it's really hard to go on trust these days. So many scammers.....

Matt

 

Actually, I think that greed (fueled by advances in technology) has outstripped regulations.

 

So you saw the car listed for sale after you bought it right. So you you now know where to find the sellers of your car. Call them up and get the address. Or publish their address here and we will harass them in our own private way.

Or lets get really sick about it. Get the address and we will go and make the car unsellable. It would be fun.

 

Well, that would give the buyer recourse for damages sustained. I don't think that is the object of the exercise. Presuming the check clears, the deal is concluded (offer - acceptance - consideration); the seller gets the price that they accepted for the merchandise, the buyer get the merchandise that was sold by the seller and is free to resell or otherwise dispose of the merchandise that they just bought (subject to the rest of the laws in California).

If there had been a written sale agreement with representations about a private party sale that was violated, then there could be recourse. But even with recourse available, is it worth getting into a pissing contest? It would cost way more than $13,000 to file suit and get the transaction reversed or to get a judgement for damages due to the transaction not being a private party sale.

If the check doesn't clear, there are all sorts of remedies available, and you can likely get the local law enforcement establishment to do a lot of the heavy lifting for you. But since the bank hasn't been in contact with you about a check bouncing, I doubt it will come to that.

 

I think BGWC's statement puts it best. I won't hijack the thread but as I started to read Richard's post I thought it was going down a much worse direction I've been down before, (which involved 6 months of court appearances, but I digress)

I completely understand why Richard had to let off a little steam and hey- what better place than "MINI Talk"... I've always said that "humans are the only creature that can look you in the eye and lie to your face." and well, i rest my case.

What's done is done. I look forward to hearing the when the check clears!

 

What a douche bag. I hope that he gets some type of awefull disease that effects his rectum.

 

If these "dealers" bought your car the check will be fine. That’s what they do: buy cars and resell them. They would be so easily caught, I mean look how you found them. I am sure they don’t go around and buy cars and have the bank write bad checks. Thats a good way to get wacked in this city. Anyway, bank CCs can't be stopped arbitrarily by law. Only if the check does not get cashed for a specific period of time the maker stop it. There are other bank instruments that can be stopped but not a CC or draft.

If it really pisses you off call the State Board of Equalization and file a compliant anonymously or call the DMV and ask them about it. They are probably not going to register it until they resell it so you will be the last owner of record. As a matter of fact, if you dated the Pink they may have to register it unless they fall into some special dealer ownership. You are in CA correct?

I can understand your feelings after all you could have been made the extra money on it instead of them. But you reached your time limit on the thing and now its done. Let it go, there are more important things to worry about.

 

Thanks everyone for your comments and support. I'm really not upset about the transaction. I made this post because I was lied to, and the individual that told me about it was lied to by the same people. I'm not upset that I didn't get more money, it never was about the money. As for the person who reviewed my Craigslist ad and took everything literally---if you understood my mindset--that another MINI owner was buying my car---I didn't mind bending the rules for another owner. It was there to filter out the dealers and anyone that was looking for a super cheap car to buy.

That WAS what everything was based on. That here was a MINI owner, buying my car, he asked for $300 off, there was no negotiation. I just said fine. I accepted it. I thought it was a low blow because I knew the car was worth more, but I just wanted to get this done with--the buyer knew that I wasn't about to blow the deal over $300. And had this been a legitimate MINI owner, I would have felt that I had helped him out with getting a nice new car--instead of just adding profit to a sneaky wholesalers pocketbook.

As for Dr. Obnoxious---that's the point of this whole thread--I DON'T have the money yet.

As for the person that asked about the trade---that is what the seller told the individual that first told me about my just sold car on Craigslist--the reason that he had this car. That he got this MINI as a trade, and now he wanted to sell it.

Anyways, I've been busy detailing cars, did a GP today, and that will make my week pass more quickly until Friday rolls around when I can hopefully report good news (Thanks Eric!).

 

First page, when the guy contacted him


Then he changed his story twice here


This guy is a fraud, a sneak, and a jackass. He needs to be flogged and keelhauled...