SetH
Member
Registered: 15th Jul 01
User status: Offline
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Just had a message on ebay for my BMW with the potential buyer asking if I would accept payment in full via paypal for the car.
WTF? why would someone do this? Is he expecting to get full paypal protection for his purchase?
IE if he decides he does not like the car once he has purchased it or a button on the dash board falls of he will open a dispute and paypal will rape my bank and take all the money back 
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Nic Barnes
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Registered: 5th Apr 04
Location: nowhere near ginger people
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Perhaps easier than getting the amount from the bank? My bank only let's me take out about 2.5k a day.
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John
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Registered: 30th Jun 03
User status: Offline
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It'll without doubt be something dodgy.
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Roffo
Member
Registered: 17th Feb 07
Location: Weymouth
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its not much difference from a bank transfer which some people do.. if its alot of cash then seems like not a bad idea?
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SetH
Member
Registered: 15th Jul 01
User status: Offline
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Possibly, maybe it is quite innocent but I get nervous with paypal at the best of times let alone accepting a payment for nearly 5k through it. What if he found a fault (that I am not aware of) or drove it home and something failed and he opens a dispute? tricky ground, am not sure.
I just replied to him saying bank wire or cash only.
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Nic Barnes
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Registered: 5th Apr 04
Location: nowhere near ginger people
User status: Offline
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quote:
Originally posted by John
It'll without doubt be something dodgy.
Knew cotton wool life John would be among this.
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John
Member
Registered: 30th Jun 03
User status: Offline
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What are the fees like on a car?
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Get this........the bloke that bought my RS paid the balance minus £1k by bank transfer prior to seeing the car, with just one short phone call and a few emails to secure a sale.
I was a bit taken a back!
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Colin
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Registered: 4th Apr 02
User status: Offline
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quote:
Originally posted by SetH
Possibly, maybe it is quite innocent but I get nervous with paypal at the best of times let alone accepting a payment for nearly 5k through it. What if he found a fault (that I am not aware of) or drove it home and something failed and he opens a dispute? tricky ground, am not sure.
I just replied to him saying bank wire or cash only.
Id tell him cash on collection as paypal can be reversed cant it!!!
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Generation
Member
Registered: 7th Jul 09
Location: Essex
User status: Offline
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Wouldn't trust personally.
So many scams involve paypal
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Skylined
Member
Registered: 27th Sep 05
Location: Sideways, Surrey
User status: Offline
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Paypal rapes you on charges, you'll probably lose about a few hundred quid.
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Lee_fr200
Member
Registered: 8th May 11
Location: West Yorkshire
User status: Offline
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I wouldn't do it mate, I'd only accept bank transfer OR cash
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Siberia
Member
Registered: 9th Oct 03
Location: Leprechaun Land Drives : Zafira GSI
User status: Offline
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i payed a 100 deposit for a car in the uk so the guy would hold untill i came over to see it.. but not for the whole car... cash is the only thing really or cheque and wait for it to clear before he gets it.
[Edited on 22-05-2012 by Siberia]
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
User status: Offline
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Yeah I would just say £50 or £100 non refundable deposit and the rest in cash, or cash into your bank a/c.
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Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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Bank transfer, cash or bankers draft. Sod doing it through Paypal.
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baza31
Member
Registered: 19th Apr 03
Location: yorkshire
User status: Offline
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Paypal would love that transfer .
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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Probably a scam, but there's perfectly logical reasons. For example he might not have the cash and wanting to pay by credit card, hence using paypal, since you're not a trader.
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jrsteeve
Member
Registered: 3rd Apr 02
Location: Manchester
User status: Offline
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quote:
Originally posted by Brett
Probably a scam, but there's perfectly logical reasons. For example he might not have the cash and wanting to pay by credit card, hence using paypal, since you're not a trader.
Yep but then you're open to credit card charge back claims, just not worth the risk.
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Neo
Member
Registered: 20th Feb 07
Location: Essex
User status: Offline
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Can see the thread now -
FFS, trying to buy a new car and the guy is being a right pain about it ! He wants me to pay cash. Am I f**k turning up to his place with 5k on me.
He's said that or Bank transfer, surely he'll just say he aint got it, at least with paypal I have a receipt of payment ?
First Comment
Can you even get 5k out the bank ? Mine only let's me take out about 2.5k a day.
Second Comment
It'll without doubt be something dodgy.
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John
Member
Registered: 30th Jun 03
User status: Offline
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That not how it works with cars though is it, cash, bank transfer or bankers draft are the standard methods, anything else is instantly strange.
Paypal charging extortionate fees are the main reason you wouldn't do it though.
How have people bought cars all this time without paypal, turning up with a lot more than 5k cash?
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Neo
Member
Registered: 20th Feb 07
Location: Essex
User status: Offline
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Oh true and if I was in the same situation I'd want cash or transfer. However this person might just be genuine and really want proof rather than taking 5k straight out his bank. Easiest thing to do is to give him a call, explain your reservations and that you will be charged for it etc and see what he says.
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BarnshaW
Member
Registered: 25th Oct 06
User status: Offline
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i dont understand all this "only withdrawing 2.5k a time"
if you view a car you leave deposit and then arrange with the bank to collect the money in a large sum, i withdrew 5k from Natwest without any notice, my dads bank you need to ring up in advance though.
thats the idea of a deposit surely? to secure the deal while you gather the cash and a suitable time to collect.
id accept cash only infront of me only, if they werent happy with that then so be it and they can look elsewhere.
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VrsTurbo
Premium Member
Registered: 8th Jun 10
User status: Offline
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+ isnt there set limits in paypal that can be withdrew/sent due to money laundering stuff
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Sunz
Member
Registered: 12th Jan 07
Location: SE England
User status: Offline
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My bank wouldn't even let me withdraw £2000 without making an appointment first, I turned up and asked for £2000 and they just looked at me like I was crazy.
They told me to try the other store which was about 10 minutes walk away, to which they said we can only give you £1000, so asked if I could get £1000 from one store and £1000 for the other to which they said "you can only withdraw once a day" complete joke, a lot of hassle for your own money so I could see why people would want to do it with easier methods.
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flybikeslee
Member
Registered: 2nd Jan 07
Location: Liverpool
User status: Offline
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I've taken 3k out my bank with no appointment prior
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