Quote:
Originally Posted by mrtoni
Hey guys. I bought a really nice 1969 Suburban about 500 miles from me off ebay. The seller says $500 deposit by paypal within 24 hours and the balance by bank wire transfer within 72 hours. Ive never done a wire transfer and am wary. Ive talked to him and gotten add'l pictures etc but would rather go through ebay or paypal in case the truck is not as described.
Ive read on the board that bank transfer is the way to go for sellers but what about buyers?
in the auction it says paypal, cash in person, wire transfer etc but in his listing he says wire transfer. I don't want to back out of deal either.
http://img.vast.com/320x240/-2175456129249049943
Matt in Reno |
Hi Mrtoni, I bought my 65 sight unseen and did a Wire transfer for $13500.00 This was much to my personal bankers dismay. It is a big chance to take. You can really get burned. I did it successfully only because of 3 weeks of constant communication by phone and many pictures. I also had my bank talk with his bank to kind of feel him out and make sure the guy was Kosher. It all worked out perfect. However it could have gone the opposite way. If it goes bad your just SOL! Good luck be careful and take your time, you can't be pressured by a time deadline or well you know! Mike.