Discussion in 'Buy / Sell / Trade / Wanted Forum' started by Ocean Jade, Jul 16, 2018.

  1. noluck

    noluck Well-Known Member

    or with cash in hand
    Aridhol likes this.
  2. abbyfireguy

    abbyfireguy Active Member

    No money in my hand ,no bill of sale.
    The buyer must be pretty desperate if he has to go through that company and pay their crazy interest rates!
  3. noluck

    noluck Well-Known Member

    i think the bill of sale can be viewed a couple of ways,
    1) intent to buy at a specified price and payment schedule. kinda like a car at a dealer through a finance company. you get a bill of sale but have not paid for it
    2) this is the one most of you are hang up on, that this transfers ownership and you have not cleared payment and he is going to take your boat. we do not have titles or anything that says the boat is ours unless bought new or from a dealer, our registration does not prove ownership

    i would not have a problem giving a bill of sale with a sale price stating no monies have been received to compete the sale

    i agree the guy is desperate, but the finance company looks real and being that he is using the boat as collateral is why they would pay you not the buyer (same as a used car lot)
  4. pescador

    pescador Well-Known Member

    He’s not interested in your boat. You’re just a means to secure a loan. He’ll take the cash and run as soon as it’s in his account. You’re just a decoy to secure the loan. The loans officers need to meet a quota so don’t really give a sh*t as long as he’s followed his due diligence process. Sell sell sell, someone else deals with collecting the debt. They sell the debt to some other debt collection agency. I was a banker. People get creative. They do some very sleazy things for $$$.
  5. abbyfireguy

    abbyfireguy Active Member

    Finance companies deal mostly with people with bad or no credit.
    I been around way to long on this earth to take a risk with anyone like that.
    My life has enough excitement in it to bring any such dealings anywhere close to my finances.
    blindmonkey likes this.
  6. fish brain

    fish brain Crew Member

  7. Stizzla

    Stizzla Crew Member

    Oh man, that cop number bit is awesome. I’m definitely gonna try that!
    agentaqua likes this.
  8. Floater

    Floater Well-Known Member

    Don’t release the boat until cash is in your account and they don’t have the ability to take it back.

    Make any bill of sale you want, doesn’t matter.
  9. Ocean Jade

    Ocean Jade Member

    I’ll know this week the status of the sale. What I do know is the buyers name, where he lives, job, Facebook etc.... so as far as a scam goes I think I have that covered off. As for the financing company once I get the bank draft ( if I get it ) I will cash it , and when cash in hand I will then give him the bill of sale followed by the boat.
    noluck likes this.
  10. fish brain

    fish brain Crew Member

    Just be careful. He might get a loan for your boat registration. He will have some cash and you might just have a new loan against your boat that the lending company will want to be paid for. I wouldn't hand over any of that information until I had cash in hand. Please be careful and don't get sc*$#ed. Some of these "deals" the bank draft "clears" at your bank, but then the bank realizes it's fake and charges you. Most of the I will pay you more than the amount and you can refund me the money scams work this way.
  11. Ocean Jade

    Ocean Jade Member

    update, it sold, cashed the bank draft today, bank said it was all good.
    Dogbreath likes this.
  12. Ocean Jade

    Ocean Jade Member

    I personally delivered the boat
    fish brain, noluck and Dogbreath like this.
  13. wolf

    wolf Well-Known Member

    Well good for you selling boat but now you wont be in my way all the time now!!!!!!! LOL LOL
    Rain City and Aces like this.
  14. Ocean Jade

    Ocean Jade Member

  15. Fixit

    Fixit Well-Known Member

    all good, or cleared, verified and funds in your account???!?
  16. Prawn Star

    Prawn Star Active Member

    Still smells fishy to me.
  17. Doubletyee

    Doubletyee Active Member

    Hope it works out.

    I was selling a boat once and they offered me a bank draft. I took it to the bank and they said it looks good but they don’t know for sure for a couple of weeks. They were willing to put it in my account but told me if it comes back fake I would be responsible for the money. That’s when I started to look into it more and realized that it was a fake draft. It looked real and was good enough that the bank said it looks good.
  18. AlK

    AlK Well-Known Member

    X 2,
    Just because your local branch tells you it looks good, does not mean that it is good.

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