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Selling unseen.

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rbt1548 View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote rbt1548 Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 10:36
I personally don't see a problem at all with this , or the way it's being done.
If I read it correctly, he's paying you a 10% deposit AND the balance BEFORE he gets the bike, if I haven't read it correctly ignore the info below Big smile
 
I have just sold my Bellagio exactly the same way, in fact the deposit was less, once I got the deposit through bank transfer, the advert was removed , the deposit is there to secure any funds needed to re advertise etc., 'expenses' as Brian mentioned earlier, if the deal fell through, the buyer arranged a courier and the bike to be picked up on a certain day, the day before the money was transferred as arranged and the bike released. The bike DOES NOT get released until you have full payment, even if the courier is waiting at your door. Some couriers will take the money for the client and give you cash there and then.
 
The person who is most at risk doing it this way is the buyer as he is transferring you money without physically seeing the bike and knowing it's an actual bike for sale, ( that is not you personally it can happen).
I have sold a number of bikes that way and you would be surprised how many people are happy to give you full payment in the first instance.
 
I always give any details requested to a prospective buyer, and insist in giving them my  home number etc., this gives a degree of trust.
 
As for the bank transfer, it's very quick nowadays , a few minutes is all it takes, if you're wary at all you can always withdraw the funds right away, BUT it's the buyer who has just paid you who is most at risk.
Good Luck with the sale.
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iansoady View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote iansoady Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 11:44
I bought a bike in exactly the same way a year or so ago. The bike was near Edinburgh - I'm in Brum. I did have my brother in law give it a quick once-over and he pronounced it OK, as well as confirming the address.

I then made a 10% deposit via bank transfer; once this was confirmed as arriving the vendor sent me the V5C and I transferred the remainder when that arrived then arranged for the bike to be picked up and transported to me.

I must confess to a few anxious days but the bike turned up, exactly as described and I was very happy with it (well actually, as it was a grey import Honda 400 4 it wasn't exactly my cup of tea so it went in favour of the V50).
Ian
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Tarquin Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 13:32
Originally posted by handyandy1 handyandy1 wrote:

So I have a Suzuki V-Strom up for sale on the UK V-Strom forum. I've given plenty of information and photos and I've been contacted by a newish member who wishes to buy the bike. Trouble is, he's in Glasgow and I'm in Swindon! Well it's not really trouble because he has expressed a wish to buy it unseen. He would like to send me 10% deposit by bank transfer then organise a courier to transport it to Glasgow and then transfer the balance before it's picked up. Obviously it won't be going anywhere until the funds are cleared in my bank so it looks like it's pretty risk free from my point of view. I am however concerned that I might be missing something and I could fall victim to some kind of scam that I haven't heard about, particularly with regard to the transfer of ownership procedure.
Anyone think I'm being paranoid??



I see absolutely no issue with this at all.

It is a process that I have done ( both ways ) a number of times without incident.

If he gives you 10% via Bank Transfer, it is nothing more than a monetary promise of intent. You have his cash and your bike still so hardly vulnerable.

You get the balance via SECURE bank transfer prior to releasing the bike so you have been paid in full, safely and securely, what's not to like.

Alternatively you could insist on cash to be on the " safe side" and be handed a good chunk of funny money mixed in with the genuine article.
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iansoady View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote iansoady Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 14:21
TBH if I was buying I'd rather do it this way than go to some unknown address with a pocket full of £20 notes.....

Glasgow you say?
Ian
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rbt1548 View Drop Down
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Post Options Post Options   Thanks (1) Thanks(1)   Quote rbt1548 Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 14:54
Originally posted by iansoady iansoady wrote:

TBH if I was buying I'd rather do it this way than go to some unknown address with a pocket full of £20 notes.....

Glasgow you say?
Yes, he mentioned the buyer is in Glasgow, it's not that great a distance for a courier.
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Post Options Post Options   Thanks (1) Thanks(1)   Quote c13pep Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 18:54
I have bought two bikes unseen using the bank transfer system with a courier transporting the bike, in this case the risk is all on the buyer. I have sold three bikes using this method and again all the risk is on the buyer. It would only take the seller to `disappear` once the money has been transferred and the buyer would be up the proverbial. When selling the bikes I enclosed a full receipt along with all the relevant paperwork, once the bike was confirmed as arrived I did an electronic owner transfer. I took many photos during loading and in the back of the couriers van.
If I were you I wouldn`t worry too much apart from putting in place a timescale that you would be comfortable with for collection and obtain the FULL details of the buyer/new owner including a landline number.
CHRIS
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Post Options Post Options   Thanks (1) Thanks(1)   Quote rapheal Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 19:26
Sounds like a Scam, he may not even be in  Glasgow, more likely Nigeria, or Croydon
(Croydon has a large Nigerian expat community and lots of dodgy deals start from there)
tell the buyer to come down and test it and pay in full and either ride it back or arrange transport
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Post Options Post Options   Thanks (1) Thanks(1)   Quote Tarquin Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 19:37
Originally posted by rapheal rapheal wrote:

Sounds like a Scam, he may not even be in  Glasgow, more likely Nigeria, or Croydon
(Croydon has a large Nigerian expat community and lots of dodgy deals start from there)
tell the buyer to come down and test it and pay in full and either ride it back or arrange transport


I'm intrigued Raphael, please outline to us in detail, given the circumstances that have been outlined by the OP, how this perceived scam work's because for the life of me I cannot see it.







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Post Options Post Options   Thanks (1) Thanks(1)   Quote italianmotor Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 19:51
Someone bought a bike from me unseen a few months back as they simply lived too far to view, which I would have preferrred. I asked for a holding deposit which was paid and I said it'd be non-refundable but that was just me, to deter any timewasters. Bike transporter arrived, organised by the buyer, balance paid the same morning in full, and I supllied their bit of the V5 with the bike. No problems, and in fact, the risk was probably more theirs than mine. But I acted like a proper seller, supplying loads of detailed photos, 100% accurate description good and bad points, my details, pics of the MOTs, V5 etc. Great transaction, buyer very happy with the bike.

BTW happy birthday Cugsy, we share a birthday, today! Terrible time of year for one..
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Post Options Post Options   Thanks (0) Thanks(0)   Quote DavieL Quote  Post ReplyReply Direct Link To This Post Posted: 02 Jan 2018 at 19:53
Yes.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote iansoady Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2018 at 10:54
I think you can get a very good impression of people from emails, phone conversations etc and I would never do a transaction without a decent amount of communication so I could assess the other party.

But as said, I have bought a bike like this and also sold a couple via ebay without the buyer seeing them and each time everything went very smoothly.
Ian
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rbt1548 View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rbt1548 Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2018 at 11:08
Originally posted by iansoady iansoady wrote:

I think you can get a very good impression of people from emails, phone conversations etc
 
Very true indeed!
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Post Options Post Options   Thanks (1) Thanks(1)   Quote cyclobutch Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2018 at 11:11
I think that it is good to talk, email is not enough. I really prefer people to come view first when I’m selling. I have bought unseen and mostly not done too well out of it. The Loop I picked up a few months back was a corker, except the g/box return spring croaked within three weeks of taking ownership.

I’ve at least a couple of bikes I need to offload as the weather starts to pick up – probably via ebay and I’m not looking forward to it much. 

Butch
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Post Options Post Options   Thanks (0) Thanks(0)   Quote iansoady Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2018 at 12:05
I must admit I hate selling bikes but unfortunately space dictates that it's essentially one in one out. I'll be looking at moving the Arrow on come Spring so I can get stuck into the Norton as I really only have space for one running bike and one receiving attention.

Potential Arrow owners please form an orderly queue (and I'm happy to have any form of communication and offer test rides to suitable vetted applicants!)
Ian
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Post Options Post Options   Thanks (0) Thanks(0)   Quote rapheal Quote  Post ReplyReply Direct Link To This Post Posted: 03 Jan 2018 at 12:58
if you are paying several thousand pounds for a motorcycle, motor vehicle or camper van, then the very least you can do is arrange to inspect it, or pay for a professional inspection
My Nephew was offered a Guzzi , but it was 140 miles away
I drove him there and road tested it
how hard is that ?
a Saturday morning in February, 30 quid in fuel, and 20 quid for lunch

There are plenty of professional scammers working the system that know all about money transfer systems and how to scam them, the Police will not get involved due to it being under a set amount, they have not got the resources

if a motorcycle or car does not sell, and the only offer you get appears to come from halfway across the country, then its either the wrong time of the year to sell it, or you are asking too much

fraudsters use the distance ploy to prevent meeting up, its much easier to run a scam that way
quite a few recently have been based in the Croydon area and the money is linked back to Nigeria, ( well know for financial fraud and 419 scams) Russian criminals, and Spanish criminals
if its sounds to good to be true then it usually is
no doubt a few people have had excellent results selling blind to a customer at distance, but it leaves the buyer open to problems if the machine has faults ie its a long way to return it
money transfers even through papypal have been known to vanish from accounts, especially when stolen money is used


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