LOL. Highly unlikely.Playing with fire! What if you google a phone number for a fake bank and the result is a co-conspirators cell phone?
"In God We Trust, all others pay cash."
Holy paranoia Batman. You have zero info to suggest this is a scam at this point.OP your friend is getting roped into a scam! Tell him in the strongest possible words!
-- The cashiers check will look genuine.
-- Friend's bank will take it, and post the money. They legally have to, it's a federal banking rule.
-- The check will bounce in ten business days. Buyer will be gone with the car.
-- THere will usually be a "misunderstanding" where the check is written for too much money. Might be $1000 over, but if your friend gives the guy $300 he can "keep the rest." There'll be a cock & bull story about how they threw money in for sales tax or whatever.
Have the buyer convert the check to cash with their own ID at a local bank if he wants the car. BTW, the bank will be some banana republic bank, not something like Chase or BofA you can find a local branch of. If he insists on a check for whatever reason, tell him it can be on a national bank you have a local branch at, and the buyer is still cashing it at the teller window, where you can give him the keys and title. Gauge his response, it's likely to be playing super dumb.
Stop and ask yourself, what bank would finance a car if they don't get the title when they cut the check? Banks hate private sales, BTW, because of scams on the seller end of things, like two friends "selling" each other a totalled wreck for blue book value. They prefer licensed dealers because there's a bond to go after.
If it's a personal loan, the bank can make the check out in the buyer's name. Buyer will frantically insist that the seller has to be the one to cash the check.
RUN!
In seeing all the comments that “your friend is about to get scammed!” - I can’t help but wonder why the owner of the V70R trusted me.
After all, I did exactly what folks are warning your friend about - cashier’s check. Fly in. Drive off.
I promise that the check was good, and it cleared. I was just a bit annoyed that I had to fill out the form for transactions over $10,000 at the bank and state my reason for wanting that much.
One other way to handle it is an intermediary/escrow company. They act as the middle man to ensure title/money are handled appropriately. I've bought and sold many vehicles privately and just used my "spidy sense" about fraud.In seeing all the comments that “your friend is about to get scammed!” - I can’t help but wonder why the owner of the V70R trusted me.
After all, I did exactly what folks are warning your friend about - cashier’s check. Fly in. Drive off.
I promise that the check was good, and it cleared. I was just a bit annoyed that I had to fill out the form for transactions over $10,000 at the bank and state my reason for wanting that much.
Even the thing Walmart uses doesn't guarantee money, it just runs it through ChexSystems (tm), which is sort of like a credit bureau for checking accounts.A normal joe doesnt have a POS pay system to validate.
If you bought a '95 Ferrari 308, you definitely got scammed.I've bought two vehicles off Bring a Trailer, an '95 Ferrari 308 and a 2011 Range Rover.
If you bought a '95 Ferrari 308, you definitely got scammed.
If you bought an '85 308 on the other hand, now I'm jealous.....