Quote:
Originally Posted by MercuryT
Ok guys I'm interested in a few cars to add to mine.
In 20 years of buying (about 6 cars) I've NEVER paid in cash - Bank Cheque always preferred and fine, no worries.
This seller on Merc insists cash only. No bank cheque acceptable whatsoever.
I questioned it as seems strange, but he got upset and told me cash is how you pay.
Informed people here - is this a scam? What's the reason for insisting cash only? I'm not keen carrying 15K in notes in a car with no security.
Thanks all.
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As a Finance Broker I can suggest Personal & Business Cheques can Bounce - however Not the case with Bank Cheques.
Anyone who will not accept a Bank Cheque is either not the REAL owner (!!!!) OR is hiding the transaction from their Bank Account (thus you have no traceable financial paper trail of your purchase) - either way = BEWARE .....SHONKY !
If there was only cash involved, I would want to see and carefully examine
Photo ID - And take a Record of Drivers Lisense # etc in ADDITION to a signed Rego Transfer (which is NOT proof of ownership) and a signed and completed Certificate of Title Transfer.