This is a final post on this -DO NOT TRUST WIRE TRANSFERS. They can and will be reversed. Cash only. End of discussion. Thanks!

Having the exact thing going on now. What's the angle here?

I have account with no money into for this type of thing. Any thoughts on this ?

Funny when I bought and sold cars via wire transfer my credit union said it was the safest way to do business. They explained the routing numbers given between banks (If the are members of the same international banking organisation) do not contain your account numbers. All they contain is the originating banks number and the receiving banks account number. The sending bank by sending the money guarantee's that the money is there. Your bank deposits the money in your account. There is no way the money can be reversed unless it can be proven that you were part of defrauding the sending bank somehow.

I sold my SC to a fellow from Belgium. He paid a deposit into our PayPal account and then wired the rest to a bank account we rarely use. Once the transfer was confirmed by our bank, I took the CASH and put it into our regular credit union account.
Once this was done I informed him that the car was his and he could send the truck for pickup.

1 day later I got the call from the shipper and gave them the pertinent details for pickup. I signed the title as seller, took pics of it, gave it and the keys to the truck driver then drove it onto his trailer. Done deal!

The Guy is asking for a copy of the title.

emailed is there a hazard in that?:confused:

Well, if the person is trying to run a scam, having a real title to email someone else or post with their ad will make it seem more legit.

But, on the other hand a legitimate buyer who's worried about being scammed would want to see a copy of the title before buying.

Scammers suck, makes it tough on buyers and sellers.

A wire transfer is NOT reversible. I use this all the time for high dollar transactions on our brake kits from overseas customers, as we get many fraudulent transactions.

You give them your routing and account number ( often they also need a intl wire code) and they transfer funds. You cannot transfer funds OUT of an account with this info.

I have heard of one scam around this. With that information someone created a fraudulent check. Should that happen you would not be liable as account and routing information is not secure, given it is clearly printed on every check you ever wrote.

You could make a copy, redact a few numbers and write the date and recipient across it.
Have the car in the background photo.

If digital, change pic from .jpg to .bmp to .jpg which erases the original data (I think).

This should be enough to show you are legit.

Chris is right, wire transfers can't, short of a court order, be reversed once accepted by your bank. They can cancel the transfer but only if the accepting bank has not done their part, and the account holder would never be aware anything happened, no money would have shown up, etc. Once you see that money in the account, it's yours. You can transfer it to another account if it makes you feel better but not necessary.

When I helped a friend sell his 911, the buyer was out of country and wanted to wire the money. Of course I was skeptical, but after looking into it endlessly, its about as 100% safe as you can get, even more so than cash with all the forgery out there.

If you ask me, wiring money is WAY more risky for the buyer. Once it's sent, its gone.