Wednesday, January 28, 2009

Paying for a Vehicle

THERE ARE MANY DIFFERENT WAYS OF HANDLING PAYMENTS TO SELLERS ON VEHICLE
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PAYPAL IS EASY AND SAFE FOR YOU, AS LONG AS THE SELLER WILL ACCEPT IT
THEY HAVE HIGH FEES AND SOME SELLERS WON'T ACCEPT IT, MAYBE OFFER TO PAY PART OF THE FEES AS PART OF THE DEAL
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IF YOU BUY THROUGH EBAY THEY HAVE BUYER PROTECTION UP TO $50,000 ,UNFORTUNETLY THEY DON'T BOTHER TO TELL YOU IT IS ONLY FOR US BASED ACCOUNTS
EVEN IF YOU ARE BUYING THE CAR OFF EBAY, OR AFTER A LISTING FINISHED ASK THE SELLER TO LIST IT ON EBAY AT THE PRICE YOU HAVE AGREED TO PAY AS A “BUY IT NOW " I CAN HIT THE BUY IT NOW AS I HAVE US BASED EBAY ACCOUNTS THIS WAY YOU GET THE  $50,000 COVERAGE
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EBAY ALSO HAS AN ESCROW SYSTEM WHERE YOU GIVE THE MONEY TO EBAY AND THEY ACT AS YOUR AGENT IT FINALISING THE PURCHASE, IT'S A LITTLE SLOW AND DEPENDS ON IF THE SELLER WILL ACCEPT THIS METHOD OF PAYMENT
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AS A GENERAL RULE IF YOU GET A COPY OF THE CARS TITLE AND THE REGISTERED OWNER IS THE SAME PERSON AS TO WHO YOU ARE BEING ASKED TO WIRE MONEY TO: A BANK ACCOUNT IN THAT NAME, THEN ITS OK TO DO THAT AS YOU HAVE LEGALLY PURCHASED THE VEHICLE OFF THAT PERSON
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IF YOU BUYING OFF A LICENSED DEALER
ALL DEALERS MUST HAVE A $50,000 BOND TO COVER PROBLEMS ARISING FROM VEHICLE SALES , NOT DESCRIPTIONS , BUT PROBLEMS SUCH AS HAVING NO TITLE OR GETTING NO CAR , IN THESE CASES A CLAIM CAN BE MADE AGAINST THE DEALER BOND , ASK TO SEE A COPY OF THE DEALERS LICENSE AND WIRE ANY MONIES TO A BANK ACCOUNT IN THAT BUSINESS NAME
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IF THE VEHICLE IS IN THE LOS ANGELES AREA I CAN HANDLE IT, SEE IF YOU CAN PAY A DEPOSIT THROUGH PAYPAL, THEN TELL THE SELLER THAT YOU WILL WIRE THE BALANCE TO US AND THEY WILL NEED TO ARRANGE TO TAKE THE VEHICLE AND TITLE TO ME IN ONTARIO, I CAN EITHER MEET THEM AT THE BANK AND GIVE THEM CASH, OR GET A CASHIERS CHECK FOR THEM, THIS WAY WE HAVE THE VEHICLE AND THE TITLE AND IT SAVES YOU ON DELIVERY COSTS 
MY CELL IS 00 111 909 644 6220  OR E MAIL: wholesaledealercentre@gmail.com
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SOME SELLERS MAY BE RELUCTANT TO GIVE YOU THEIR BANKING INFORMATION, ITS NOT BECAUSE THEY ARE A BIT SHADY, IN THE USA THERE IS A THING CALLED “CHECK BY PHONE " AND PHONE SOLICITORS USE IT , ANYWAY WITH THE INFORMATION YOU CAN JUST AS EASILY TAKE MONEY OUT OF PEOPLES BANK ACCOUNTS AS PUT IT IN .
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DON'T LET YOUR AUSTRALIAN OR NEW ZEALAND BANK TALK YOU INTO SENDING A BANK CHECK OR MONEY ORDER MADE OUT TO THE SELLER AND DRAWN IN US FUNDS, A US BANK WILL ACCEPT IT BUT WAIT FOR CLEARANCE FROM AUSTRALIA OR NEW ZEALAND, THIS CAN TAKE UP TO 4 WEEKS AND THE SELLER MAY NOT WANT TO WAIT UNTIL THE FUNDS ARE CLEAR AND YOU RUN THE RISK OF LOSING THE VEHICLE TO ANOTHER BUYER.