Feelings about accepting PayPal for vehicle

[Firesong]

For some reason he cant do the etransfer.
Im thinking he wants to use his credit card through paypal

Yah, he says he will let it sit here for 3 months.
He was going to arrange the transport, pay the paypal fee as well.

It's quite tempting..

[nxski]

For some reason he cant do the etransfer.
Im thinking he wants to use his credit card through paypal

Yah, he says he will let it sit here for 3 months.
He was going to arrange the transport, pay the paypal fee as well.

It's quite tempting..

I don't see how that could go wrong.

[TardisDeli]

Hey Firesong, If its a tempting offer, too good to be true, Run away.

Interac e-transfer is great, but only works in Canada. Note that ANY payment can be reversed anytime, no statute of limitations, if they claim fraud. So they tell the bank in 3.5 months that they now just got the vehicle and that you misrepresented the vehicle (ie it has more rust than your photo showed etc), and poofffff visa. mastercard. bank draft. certified cheque, travellers cheques anything MUST be reversed under the strict Consumer protections laws until there is a binding settlement. When I worked at the bank, we had to reverse stuff over 8 months old often... and a bank draft or certified cheque had absolutely no time deadlines, we would reverse it first, then try to contact our customer who might have moved since then etc, that's the rule.

If its such a great deal, then pay for his redeye flight to a city near the border, he can bring cash, you both go to a bank and have them run the cash under their detection light. Transactions over $10,000 must have special border paperwork documentation. His problem will be getting it insured and transfer title as not 25 years old; maybe he can tow it back home. Your problem should you drive it into the USA they will ask are you planning to import or leave or sell anything in the states; and when you return to canada, and the border guard asks did you leave anything in the states; both sides want taxes.

There was a case, Delica from Canada broke down in USA, wanted to just sell vehicle there cheaply as too expensive to tow back to canada etc, but was required by law to return the vehicle to Canada, fortunately a buyer from BC paid for the tow back to canada on a flatbed truck.

My other thought: there was a guy in USA about 5 years ago who was buying the american mitsubishi vans (1988 to 1989) then wanted to put them onto Canadian L300 4x4 running gear, thus now the usa VIN is intact (oops the vin on the engine is different --- oh well) thus bypassing the USA 25 year import rule. PM me your persons name maybe I can check my old data...have not heard about him since then -- he was legit but overly enthusiastic and hadnt enuf money to complete the process so some people lost money in Canada (the 2 vans are different physically so not just plug and play).

Just make sure you don't know about any less than legal intentions of your new owner, so you don't get red-flagged in future at the borders.

Christine.

[bbisset]

For some reason he cant do the etransfer.
Im thinking he wants to use his credit card through paypal

Yah, he says he will let it sit here for 3 months.
He was going to arrange the transport, pay the paypal fee as well.

It's quite tempting..

To be honest, this is one of the most common scams out there at the moment. I have personally been contacted twice with almost the same basic premise. Can't pick it up right now due to being out at sea/unavailable but willing pay an additional fee for agent to pick it up. Both wanted to use PayPal. I clued into one, as he was using same cell phone number to text me and email address (subsequently) that he had used in literally dozens of other attempts. There are websites that list them. Bottom line is that if he is from the US, and they have the 25-year rule, how is going to register it? ...Or is the vehicle an 1987 or older?

Just be careful.

[Rattlenbang]

I agree with everyone who has said "don't do it." I once bought a vehicle through paypal, but I was in the room with guy to do it, and it was the quickest easiest way to pay by credit card. Paypal scams to buy vehicles are common. Note that the scammer doesn't want your car at all but your person info. Usually they send you a Paypal link in their email; you follow it and log on and it shows the money in your account. But you've just logged onto a fake paypal webpage and they now have your login info. There are other versions but the end result is they could care less about the car, which is why he says he will wait for it to clear. You'll never see him again. Get him to wire you the cash; there are others ways to send money. But why would someone send you cash without a title or any legal proof they own the car, which they have to be in person to do. It won't happen.

Run away.