This is why you NEVER accept a certified check when selling a car

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#Scams #Fraud #CarScams

[@EdBolian]

Solid advice here. Scammers have gotten good.

[@xandervandermerwe316]

Here in South Africa checks are almost completely phased out. If you would try and buy a car with a check, the dealers will probably laugh at you 😅

[@jringhisen]

"No one gets to hold the cash, the car, and the title at the same time, ever." - Ed Bolian

[@jimhimesjr]

@@xandervandermerwe316 personal checks are the same here in the US. Cashiers checks are a different ballgame, they are harder to fake but it is still possible.

[@Fasteddie1085]

Well scamming is their full time job so of course their great at it 🤦🏾‍♂️

[@AL_SD]

I like this guys style of speaking, gets straight to the story within the first 30 seconds instead of the typical hoopla

[@jimrisley539]

A number of years ago a guy in town sold his late 60's Corvette muscle car and accepted a cashier's check as payment. Next day he got an urgent call from his bank alerting him that the check was no good. Turns out the check was created on a machine from a real bank, but the bank had gone out of business over year ago and somebody obtained the machine and printed the fraudulent cashier's check. You can NEVER be too careful.

[@jc8254]

I’m selling my M6 right now was ask if I take a certified check. Told the guy yes if he let it clear my account and he had no issues with. Check cleared and before I had the car shipped the bank called saying the moeny was stolen In the same way. I was a day away from losing me car

[@joeleonard9965]

I would use cash instead, but the fact that it can be legally seized if I get pulled over on my way to pickup the car terrifies me.

[@fatpad00]

Civil Asset Forfeiture is a gross constitutional infringement

[@maebandy]

Right? But, if you hire a good lawyer they'll offer to give you back 40% of it without going to trial.

[@ericgardner5548]

@@maebandy You hire a good lawyer you get it all back.

[@frep420]

@@ericgardner5548 before trial?

[@ericgardner5548]

@@frep420 Yup

[@bigmacdaddy1234]

Just want to make clear the difference between a cashier's check vs. certified check. He says it was paid with a cashier's check 0:55. A cashier's check is issued by the bank using it's own funds. It's also guaranteed. To get one, you must go to the bank and give the money (to cover the exact amount) pay a fee for the check and a put the Name of the recipient on the check as well. That money is then put into the banks own account and the check is printed out with the amount and recipient's name. It's guaranteed by the bank because it's using its own funds. Once you give the check to the recipient, he will deposit the check and the funds will go from the bank's own account to his account. The only person getting that money is the recipient whose name appears on the cashier's check. There is no way for the person buying the car to reverse the check or transfer the money back to his account once it's presented for payment by the recipient. It's a done deal. He then says that the person paid with a 'certified check' 1:25 (which is very different than a cashier's check).With a certified check the money stays in the person's account until the check clears. The bank "should" freeze the funds in the account so that they are available when the check is deposited. Bottom line: A cashier's check is more secure than a certified check.

[@jonathanthomas7228]

Good ear! I didn't even catch that! Spot on with the definitions too! Thanks for educating people!

[@Romanu29]

You are correct except you have it reversed. Certified check is when the money is immediately taken out where a cashiers check stays in buyers account until cashed. But there is a big difference between certified and cashiers.

[@H.D.83]

But why cheques? It's not the 80's anymore...

[@bigmacdaddy1234]

@@H.D.83 The decade is irrelevant, checks are still a valid payment method used by many.

[@SaneCayne]

@@H.D.83 So you're not having to carry around a silver briefcase. Although, that does sound kinda cool...

[@christianporto264]

I sold Mercedes for a few years, we would get A LOT of exporters trying use fake cashier’s checks from various banks. Crazy!

[@survey1010]

Recently bought Audi from Boston and same thing. Had to wire money instead of Bank/Cashier check.. This makes sense now. Scammers have to ruin everything..

[@fmorelli]

Wires can be called back.

[@d.c.3220]

@@fmorelli - Not really, most wires are completed between US based banks in just minutes. Ask any bank.

[@fmorelli]

@@d.c.3220 I did and have run in to problems. It's why I posted. It's not minutes for end to end transaction.

[@aaronself2411]

So as it turns out, it wasn't his dad who pulled up, but it was his daddy.

[@newbiedebater]

I almost had a mk4 stolen by a buyer who supposedly flew in from Chicago with a cashier's check. Saving grace was I wouldn't let him have the car AND the title until the check fully cleared.

[@chipholland9]

When I've sold privately, I required the buyer meet me at their bank, and we both went in to meet with the manager. The bank likes it because it lets them look at the car that is securing the loan, and I like it because I know I'm getting a good check.

[@julianbrelsford]

If you walk out with the check rather than taking the money out on the spot, you are theoretically vulnerable to having them move the money somewhere (funds transfer, cash withdrawal, whatever) between the time you receive the check and the time that the bank gets notified you have deposited the check at your financial institution.

[@chipholland9]

@@julianbrelsford Since the buyer is commonly getting a loan on the car, it isn't a personal check from them but a check from the bank itself, since they're the one providing the funds. Even so, I don't delay depositing it. :) If they're not getting a loan, I'm absolutely fine with the bank giving me cash out of their account.

[@3nigma.3nc]

​@@julianbrelsford Cash it at the bank and that'll validate that the funds have transferred successfully. Even if it's a different Bank than yours you can cash it with a small fee.

[@RandomGuyDan]

A cashiers check and a certified check are not the same. A certified check is a personal check that the bank stamps that the funds are guaranteed to be in the account. A cashiers check is a check drawn on the banks own account. Generally a cashiers check is less risky.

[@GollyGeeWilikers]

thank you! i never knew the distinction.

[@roguecthulhu6002]

I was just about to post the same thing. A cashier's check does not carry the same risk as a personal, or certified check, BUT that assumes that the cashier's check is not "fake".

[@davidbach7003]

A cashiers check can be a worthless piece of paper.

[@jdantigua1999]

I have sold cars and it is either verified cash or we go to your bank and the bank gives me the cash from your account. NO CHECK OF ANY KIND.

[@roberteltze4850]

Many decades ago there was a scam in my state where someone would buy a car with a personal check and tell the dealer not to cash it until Monday because there isn't enough money in the account right now. At the time dealers would let you have the car without first waiting for the check to clear. When the check bounced the police couldn't go after them because the dealer knew the check was not good when they accepted it.

[@CrackedCandy]

Thanks for actually having an actual car story again

[@johnlincoln4616]

I bought a new vehicle recently and for the first time ever they wanted to hold certified funds, it really ticked me off. I guess I know why now. We came to terms and they took it after all, but still very frustrating.

[@earlscheib7754]

Give them a negative review on every platform possible.

[@hercengmech]

Same here. Sold a vehicle. My credit union didn’t want to make cashier’s check funds avail for 5 days even after the bank called the other bank and verified it was a real check on a real acct. insane.

[@larryadamski9957]

@@hercengmech yeah, but that's the credit union's shitty funds availability policy

[@thetrailoutthere]

Out here in California it's a common thing for dealers to ask for a "work social" AKA stolen ssn if you're undocumented and trying to buy a car.

[@rickintexas1584]

Dang. I need to go check my accounts. The last 5 cars I purchased were done with personal checks, no financing. I never really thought about the dealers perspective.

[@woofer987]

I work in Risk Management for a Credit Union based right outside of Worcester, definitely uncommon to see my hometown in a Vinwiki episode for sure. Also, thanks MAG for my most recent vehicle purchase lol

[@ryanowens9887]

I had a similar incident happen at a dealership i work at. Scammers bought 3 cars. I found all 3 cars thankfully.

[@colpuck9261]

Remember a check is nothing more than a piece of paper.

[@wronggg]

So are dollar bills.

[@earlscheib7754]

Kinda nice to hear about car dealers and lawyers getting screwed for a change

[@bryce2113]

This seems misleading. Sounds like he was using a certified check and not a cashier's check. Cashier's checks are drawn from the bank's account (and the money is moved into the bank's account from the person's own account first before the check is created). When I have bought my cars with cashier's checks the bank pulls the money out of my account, puts it in their own account, and issues the cashier's check. Could also been an issue here because they had the money but it was obtained fraudulently, so it eventually got put on hold or frozen.

[@jordanp1859]

The amount of scammers dealerships have to phase out is ridiculous. Then the real customers get frustrated when we are trying to take precautions.

[@markc2643]

My son got a cashiers check from someone wanting to buy his guitar. I was suspicious and called the bank it was written on and gave them the numbers on it, and they immediately told me it was fake.

[@GXKid06]

This happened at carmax a few times when I worked there. For a BMW M6 and a X7

[@ComblessMan]

I'd like to see an episode on this fraud specifically focusing on private sales. I know I have lost money just by selling or trading to a dealer instead of selling it off myself because I don't know enough about the cons and fraud schemes out there.

[@waterzap99]

You don't get as much from a dealer. But the risk is a lot lower. Also if you sell to dealer and the car falls apart the next day, they will most likely not call you back. I have had a private buyer call me back months later because one of the tires exploded on the highway.

[@julianbrelsford]

Interesting. I have sold two cars in private transactions, myself, and i know how I'd have responded to the report of a tire self destructing after a month, but how did YOU respond?

[@Vampirebear13]

Yes I'm old but... CASH IS KING 😎 I've personally owned 55 cars & paid cash for 54 of them & the 55th was paid for with a cashier's check. Plus if a dealer won't take cash & insists you finance, don't walk, run away. Dealers have forever done anything they could to screw their customers & forcing someone to finance means you're really getting screwed.

[@robertscheinost179]

I found that the best place for large cash purchases is the lobby of my local Police Station. I call ahead first and make sure a cop I know will be in the lobby. Yes, I do introductions all around. This works especially well for Gold Coin transactions (I collect Coins). Smile...you're on camera!

[@Kingwboxing]

I do not like scammers. But they’re no different from dealers with these insane markups. 😂

[@paulbenoit6913]

That's not even close to the same thing. Dealers are not forcing anyone to buy the car. Nor are they stealing your money if you agree to buy it.

[@rm6330]

💯

[@OGdadpool]

The markups exist because they money they used to get from the manufacturer for selling X amount of new vehicles in a month is gone. Dealerships are lucky to get a handful of new vehicles a month. Besides, go ahead and find that vehicle you want without markup... It quite literally is a market adjustment.

[@x2thezful]

@@OGdadpool really. you don’t see mark ups on the new spark

[@joeljeffrey9139]

@@paulbenoit6913 IMO some dealerships and scammers share the same concept. Looking for a sucker that's willing to do "business" with them. One is just illegal, the other is frowned upon.

[@Hug_life]

This pisses me off because its scammers like this that make things so difficult for the rest of us. In 2019 I owned my own solar company. Pretty small business but i had about 15 sales guys and I had made a little bit of money so far so and my Hyundai Elantra wasn’t the best look for the sales guys to look up to lol so I found a really good deal on a 2016 BMW 438i with the M sport package. Gorgeous car with low miles 1 owner. Unfortunately my credit was building but not the best, but my income obviously was good and i could put money down. So I get approved by 2 finance companies, one of which doesn’t need proof of income, the other one does. The salesman asks me what I have and I tell him That I can supply 90 days of bank statements, or I had uncashed checks from my business account that I was using to keep record of commissions from my own customers but really I left that money in the business. My CPA and CFO I eventually hired fixed things up and implemented a better way to keep track of everything. No big deal I thought so the salesman said well give copies of the checks and we’ll try that first. I said you sure you don’t want bank statements too? Nooo it’ll be fine, he said. So everything seems to go well and approved, i sign paperwork pay my deposit and drove off the lot! 3 weeks later they start calling me saying hey wanted to see if you could stop in to sign some stuff we missed. Yeah sure i told them but I was very busy so matching schedules was tough. The calls got more and more aggressive until finally they started saying it was an urgent maintenance thing and possible recall so please bring it in. Mind you it had been 4 or 5 weeks, i had spent about 4,000 in upgrades on the car. I pull into the dealership and where i get to the lobby the two biggest guys working there, then 3 then 4 then 5 quickly surrounded me and started demanding the keys or they will call the police! Im just in shock and a bit intimidated. LOng story short I did hand over my keys when I should have just gotten a lawyer, they did pay me cash on the spot for my deposit, but basically the finance company freaked out and said the checks were fake then said they were uncashed which was the truth. They definitely weren’t fake they were the same ones used for payroll. Basically no one cared about my side or at least not until weeks later. Nor did they care that I recommended just going with the other finance company that didn’t need proof or just submitting my. Bank statements which would have been more than fine! The salesman took the path of least resistance, then left me hanging when he should have stood up for it being his call and switched to bank statements. But they treated me like some international scam artist when really they were at fault letting me drive off the lot without approval and paperwork, then lied and manipulated me into bringing the car in. I did bring in all my reciepts for the upgrades a week later and got cash reimbursed for all of it, but still. Horrible horrible business practices and I should have sued

[@kimosabbe50]

Excellent video ... thanks for sharing your first-hand experience and what you learned from others 👍

[@IndependenceCityMotoring]

Wrong. You can call or go to the bank to verify the check, and it's required by law to be guaranteed by the bank. There are WAY more risks with doing the deal with cash or other methods.

[@ruffneck_asian3688]

The advice given to me when I was selling cars was this: the guy showing up in a suit to buy a Porsche is looking for a test drive, the guy showing up in shorts and flip flops is looking to buy.

[@wronggg]

Those are fun exceptions to the rule. But generally, the well-off looking person usually had the money, and the guy that looked and sounded like a poor schmuck was usually a poor schmuck. It's very rare that someone that looks homeless is actually rich, but those exceptions are always well known.

[@deejayyy1681]

@@wronggg shorts and flip flops don't mean they look homeless, they just comfy in a very casual way. You're right also if they look poor they're probably poor. And if they look well dressed then they're probably well off. It's the guys in shorts that can.... be the flip or the flop 😆

[@tazhienunurbusinezz1703]

@@deejayyy1681 I grew up with parents who had money & I worked at a real estate firm as an intern in high school so I learned very quickly not to judge people by what they were wearing & I'll tell you why. The people who want everyone to think they have money wear lots of big obvious designer labels. More often than not, they have spent an awful lot on their clothes & so their credit score wasn't nearly as high as you'd expect because their credit cards bought those clothes. The people with huge ef you money, wore stuff from LLBean, Patagonia, department stores or even Costco. They don't care if other people think they have money because they know exactly what they have. My parents fall into this second group of people & the only designer clothing my mother has is her formal wear & there are no outside labels on her formal wear. She has a dress my dad bought her that cost him $18,000. Unless you really know fashion, you're never going to know how much that dress was, nor who made it. The rest of the time they buy their clothes from Macy's, Nordstrom, Costco or Bloomingdales. Almost none of their clothing has visible branding labels & the stuff that does you wouldn't blink at anyone having. All of their friends in that same tax bracket are pretty similar in how they present themselves in public. They aren't looking to make themselves targets. My dad wore old Levi's & a plaid shirt my mom bought him from Costco with his Nike trainers that he wears in his shop to go wire the funds to buy another 1,500 acres last year. They live on a piece of property that's about 120 acres that most would view as an estate. They have land all over our county & state though. My dad looks like he could easily be working at the hardware store unless they go to a formal event. My father's best friends are CEOs of 2 well known companies. My mom's wedding set is still the one he bought her when they got married 45 years ago at ages 21 & 18. She didn't ever want an upgrade because that set still means the world to her. They are high school sweethearts. They built everything together. That's why judging people on their clothing is a problematic decision when we get to very large purchases. You don't see someone like Bill Gates running around in Gucci & Armani everyday, right? I have zero doubts he could purchase any supercar he wanted to buy using either his credit card or debit card. Same goes with initiating a wire transfer for property purchases.

[@bwofficial1776]

@@tazhienunurbusinezz1703 Old money people don't need to flaunt their wealth and make others know they're rich. They drive nice but nondescript cars like Land Cruisers and E-Class wagons. They didn't get to be rich by buying a Lamborghini every year. With that said, if I was going to be spending some big money I'd dress up a little. First impressions count. I wouldn't wear a suit to buy a Porsche because that's too far but I'd at least dress up a bit.

[@tazhienunurbusinezz1703]

@@bwofficial1776 i mean, do you but you're going to come across as either a noob or a try hard unless they are the clothes you need to wear to work or something.

[@violinmiata]

Buying and selling any car is a disaster these days. Even a smooth deal is a pain in the butt, there’s always something that isn’t right in the end.

[@tannershanksftw]

I'm definitely going to look for the public info on this. I gotta see the body cams/cops work on this

[@ricsu3462]

man, that's making sales and purchases even harder than it already is

[@SimuLord]

If you want to get caught committing financial fraud, using your own accounts without a substantial amount of laundering is a good way to do it. In point of fact, that's one of the workable use cases for crypto (an excellent vehicle for criminal activity and not much else.)

[@G35370]

Selling luxury cars, shit, any cars in general, I was always suspicious when people would ask for pricing including all fees without seeing the car or trying to negotiate. Most checked out but some definitely didn’t.

[@bwofficial1776]

When I bought my new Subaru, I drove one at my local dealer and then emailed every dealer within an hour asking for the itemized out the door price on my desired spec. I had a factory coupon for invoice-2% so there wouldn't be any negotiating. Only a few responded and I made sure they knew I was playing them off each other because fees and even invoice pruces were different. The dealer I bought my car from was cheapest by $300.

[@linussaurian4000]

This past Summer, We had a out of state buyer trying to buy a used vehicle. Using someone else credit information. After sending client info to Lender, lender informed us that this was a fraudulent Client.

[@aidanjohnson7571]

Nice draft title there Ed

[@VINwiki]

Thanks. That one had an editing error and I had replaced it late last night but I guess the change to the scheduling didn't take. Gotta love automated releases!

[@jacob07221]

this is why im glad when i recently sold my last car private party for 7k, i got 7k in cash. all cleared through my bank and now i have a better car

[@stevemcrichards8768]

Really good episode of insight with Chris Benvie's experience in the industry. Also the classic learned intuition being in the business of: "if something doesn't seem right it probably isn't." Scammers better watch out who they scam out of money because some aren't that civil. If you think you're untouchable, you're not. Like Chris Benvie said: you think you've got an airtight alibi or a flawless plan doing something like that you're stupid. Like the old saying goes: "F around and find out."

[@stevenc9207]

Why don't you just accept the check (of any kind), but not release the car until the funds clear? That's what everyone else does

[@jackryan4313]

Figured this would be a Doug story. Still excited!!

[@mrluckyleaf6433]

They exist in every city. I worked for a VW dealership. There's always red flags to watch out for.

[@Kellsboro]

The Sep 22, 2022 press release from the US Attorney's Office District of Massachusetts on this case reads a bit differently. 47 month jail sentence for the 29-yr old for identity fraud related to the purchase of a Camaro with a cashiers check.

[@mexicanspec]

If that was the only count that sounds harsh.

[@samsonian]

Dang…sounds like a case for Frank Abagnale (Catch Me If You Can fame)!

[@OneOut1]

Many don't know that cashiers checks can have a stop payment put on them. It requires buying an insurance bond.

[@common_c3nts]

That is why you cash it at their bank and get the cash free and clear before you make the sale. You cant even trust banks to verify the check is correct without trying to come back later saying they screwed up.

[@matt2m]

I work at a TOYOTA dealer we are not allowed to take checks outside of the state or the 3 county region. Also they MUST be a CASHIERS check not Certified, I am drunk but there is a huge difference between the two. I would think Supercar dealers would be more set up for financial fraud.

[@ferraridan4883]

Wire transfer into a special "one-time" account or cash only ! Cashiers checks are no longer safe since many of them are forged.

[@normancarter5419]

Cashier's Checks and Certified Checks are now just as easy to forge as regular checks.

[@steng2495]

You should change the title to check fraud. Cashiers checks are guaranteed from the bank and when real are a good way to transfer. You addressed it in your video about being better than a personal check.

[@leeboo2521]

Not if the money in the individual's account was stolen from somebody else

[@mexicanspec]

@@leeboo2521 There is no account. When a bank issues a cashiers check they take the money from said account and hold it pending the deposit of the check. People can print cashiers checks on certain printers with certain paper. It is not difficult.

[@jeffro221]

Some fake cashier's checks are so good, you can't tell. And did you know even with a real cashier's check, a stop payment can be put on them. Don't believe that, ask your bank.

[@spartanpatriot3163]

Should have waited till January 1st and did it in Illinois.

[@QualityDoggo]

"So now, the FBI..." oh no haha

[@RobbieSalome]

STORY, SCAMMER GAVE US A BAD CHECK, SCAMMER GAVE OTHERS BAD CHECK, SCAMMER NOW IN JAIL END !!

[@richardmeier1683]

do you not call to verify the check or have UTA verify the check

[@oveidasinclair982]

The dealerships brought this on themselves with their buy on line BS. I sold all my cars over the last 5 years via private transaction, but I always ask for cash ONLY and when I get the cash I sign over the title.

[@MikeHarris1984]

How did he sell the cars without a title? Every time I've purchased a car from a dealership it takes about 3 months to get the title for the car along with plates. So until the title is actually in his hands he doesn't physically own the car.

[@philliprattai7090]

Yep…right on ….Nephew sold car in Edmonton, got 10K Cashers Certified Check… ( two days later no good)..Feds got involved, they did not get right paper work to get it out of container in Winnipeg…then Montreal…..vehicle, ends up in South Africa. Sad!

[@hyper8545]

I only deal with cash and wire transfers for big purchases

[@vtecrkp1]

Wow, can't believe people actually think "cashiers", "official", and "certified" checks are all good. Showing accounts and funds is an incredibly common tactic to try to get trust from an individual. Just like this person did to the dealer he showed an account and instant trust because like the narrator said "he showed the money", don't be this easy to be had. Call to get checks verified, if you can't, don't accept them or hold the collateral until cleared and verified. To see a dealer get scammed this easy is actually comical, most scams really have no end game, much the same reason for kiting schemes.

[@jackmakinson-sanders7279]

A car dealership complaining about getting scammed...thats rich.

[@qalba3016]

This exact problem happened with me last year, I confirmed the cashiers check by my banker , I went myself to the bank , they called their bank and confirmed funds, however I had a bad feeling because this gentleman offered me a full asking price, and I was willing to drop asking price but he never asked me , 2nd all this communication happened by text messages, and I’m still surprised my bank and their bank confirmed availability on funds, so my bank takes up to .7-10 days to actually receive funds so I decided not to release my car till after the 10 days , so during then my bank calls me and confirmed a stolen identity corporation, it was a construction company, so I still had my car and this individual disappeared and never called or text me ever again

[@202supra]

I just don’t understand how stupid you can be to think you can do something like this and have zero consequences.

[@JOHNWAYNE1920]

Finance protects us, LOL. So does a wire or just waiting a couple days for the check to clear. I don't need you making money on finance off me.

[@markdavis2475]

Still mystified why the USA still uses cheques of any type! They also still have signature strips on credit cards!!!!

[@KemDIY]

So what’s the advice then? It’s not like the check was fake. It was certified with money in the account. I certainly wouldn’t take 200k in cash. Wire transfer would have been certified too and eventually frozen. So if you now never accept cashiers check, what’s the best way to take funds?

[@d.c.3220]

A wire transfer can only occur if money is in the account that is being debited. Once the transfer occurs, with most US based banks, in just minutes, nothing can be stopped or frozen.

[@craigtiano3455]

When I bought a new car during the pandemic, the Ford dealer took my personal check for the full amount. While I sat there, they called the bank and verified that the check was good. The situation described should have raised all kinds of red flags when the guy had a check in the exact amount when he walked through the door. Who doesn't try to get anything off the price?

[@mexicanspec]

That still didn't stop you from withdrawing the money as soon as you left the dealership.

[@jacobhinsey]

Usually people who are paying with money that isn’t theirs

[@jesseellington342]

All my private party car sales and buys are cash only. ( not involving super cars!)

[@jbranche8024]

So one problem is the processing time for cashier's and certified checks. The other problem is that checks are still used. Overseas many countries transfer directly from one bank to another using mobile phone app for no fee. For smaller transactions the process is complete in seconds. I am not informed about larger transactions. Lastly Overseas the banking app can scan a QR code to make a payment.

[@soldier09r]

This is ridiculous! Great info to know!

[@avsystem3142]

Cashier's checks are a document that a bank issues that promises to pay the face amount from a customers account. That is not a secure means of payment. A Bank Draft is a document where money is transferred to the bank's account from a customer's account and the bank issues the check which is payable from it's own account. The latter is based on the full faith and credit of the bank and is reasonably secure, assuming it isn't forged.

[@jaydub5515]

This video makes car scammers learn the easiest ways to get away with the crime. Maybe I should try it??? I wouldn't, but I could... Food for thought

[@MikeHarris1984]

Everytime I purchased 100% cash at dealer, the dealer does not have the title. It is sent about 60 days after you buy the car. The dealer registers the car/title and then the DMV sends a new title with my info via mail with the plates. Usually takes about 60 days

[@drews8585]

So what is the safest way to buy/sell a car?

[@d.c.3220]

Wire transfers. The only true safe way to transfer money for larger transactions. Anything printed on paper is too easy to fake.

[@gillhammer333]

Eyyy, get’em Chris! Representing MAG! 😎

[@borismcfinnigan3430]

This poor guy. Must have hurt getting his tongue stung by that bee.

[@johnmix5950]

Flipped boats before COVID. Cash and a nice concealed carry worked great for me.

[@Acrimonious-Dragon]

What the end goal tends to be with these people running this scam is having the car stripped down and parted out.

[@Bullwinkle056]

You don't need a legitimate account to print your own bogus cashier's check. We once were scammed on a snowmobile by someone who just made his own check without any funds or real account behind it.

[@mariodesmo]

These type of scammers live in the moment, they don't have an end game. It's all about look at me now. I've got a new Porsche/Ferrari/Lambo. Next week it too far in the future for them to worry about. They think they can come up with another scam then, to get away with today's scam.

[@Michael-rp5tc]

Prison speedrun Any%

[@CHMichael]

I had a real-estate deal for an empty lot. Turned out buyer and seller were fake. ( I still don't know what the buyers plan was)

[@jamescole8049]

I bought a truck a few weeks ago and I used a certified check. Everything worked out just fine.

[@maebandy]

The account holder didn't have a notification alert on the money, their son-in-law conservator who had them legally declared incompetent last year, shoved in a rest home on elephant sized doses of Thorazine and forwarded all financial notifications to the care of the new "manager". He had a low threshold for alerts, he didn't want his stolen money stolen.

[@RobDSask]

In Canada we have certified bank drafts. These are rock solid. That being said, I have only ever met the buyers of my vehicles at my bank and gone in to deposit the draft to make sure it was good, then transfer the car to that person in parking lot. Easy breasy, never had an issue

[@moonyshine]

We use bank drafts in England too, i think americans call them cashier cheques as apose to a personal cheque

[@GraemeHein]

No paper transfer is rock solid. Hell even wires aren't rock solid. It takes a few days to a week for them to fully settle. Any bank or company that settles them instantly is actually extending you credit. It's pretty low risk credit, but it is still credit. Even as a long time customer you are liable to have money held if you get a bank draft from a new source. Even if (perhaps especially if) It's obviously from a family member. International wire transfers are very time consuming. Wires within North America should be same day or next day but even repeated wires from Europe can take over a week. It's nothing at all like the ransom scenes in movies or TV shows.

[@d.c.3220]

@@GraemeHein - wires between most US based banks take just a few minutes to transfer funds. Its almost foolproof. Once the transfer is completed, they can't be stopped. Now, if you have an international transaction, different story.....

[@quackingplatypus]

This guy is actually super cool, he almost had a 24 hour cannonball run that only got stopped by a highway hostage situation in california. Hope he tells that story on here.

[@Georgekartveli]

So he's the guy who ran that M5 and almost got a sub 24? Interesting. I hope he tells it too, but if I had to guess, probably why he's there in the first place.

[@BLProd11]

Soon!

[@eddiebernays514]

imagine if rapists and murderers were caught as quickly as white collar thieves

[@spic0li]

You could take a bank draft but the scammers get one made & then right away after cancel it but then keep the canceled cheque & receipt to show the seller later its legitimate. 🙄🙄🙄🙄

[@paulwolski6213]

Do you accept actual cash? Do people still do that?

[@KBzKustomsINC]

I got a "dealer" trying to give me a check today a dealers check is what he calls it I refused to do it. Hopefully he comes through with cash

[@suckerz01520]

I live in the uk, no car till funds are clear

[@soniasperformance3049]

Same kid came to our dealership and tried to steal a trackhawk from us using the fake check

[@common_c3nts]

No one would accept check like that without going to the person's bank to get cash free and clear.

[@AZVIDS]

Common to buy aircraft with direct wiring……

[@pilothouseking]

Miami dealers have known this for 50 years!

[@sethblaispodcast]

I don't know who this guy is but he's very smart and handsome. Wouldn't mind seeing more videos of him.

[@BLProd11]

🥰

[@jrocxzs]

He literally posted the GT3RS on his Facebook

[@RARochester]

I would drive with the buyer to the bank and cash the cashier's check then put it ( funds ) in the bank.

[@AkinOladipo]

Who ever thought that thieves are smart?

[@FoxmanI7]

Car that I have now took me ages to find. First guy I went to. Wanted to go to a barbershop to do the card transaction 😂😂