OMG I hope I didn't get scamed for 14 k

Nov 28, 2006 6 Replies
R

Here the scoop. I bought a car from out of state. I told dealer that I will pick it up in 20 days. So he faxed me a Invoice stating he is selling this car to me for 23k and included the VIN number, also faxing me a void title that was registered to an insurance company (it was a salvaged vehicle-had car inspected by mechanic so no worries in that department)



I assumed this is valid document cause it has company info and properly written. In order not to loose the car I decided to wire-transfer 14k to the dealers account and the rest was planning on paying him when I pick it up.



Now I'm really worried cause it has been 1 day and so far he did't fax me any receipt for the 14 k payment. Maybe he didn't get a chance yet but I am freaking out.



I made sure that on the wire-transer a memo was added that described the car, vin and purchaser.


From my thinking if this was a legit dealer account (which it sounded

like) my money could always be recovered.


I did not sign any papers so am I just plain freaking out or could I possibly be scammed ?

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L

Why in all god's creation would you spend $23,000 for a salvaged titled vehicle!!!! The dealer won't scam you with the payment you made, cause he just scammed you legitimately with your purchase. A salvaged vehicle, if you could even book a value on it, is only worth about 60% of trade-in value, if that.

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F

By now, I am sure that you wouldn't handle this transaction the same way again. I don't like the idea of wire transferring money to someone unknown, even if it is a "Dealer." Whose idea was that? Suggest you telephone the Dealer pronto to find out what is going on.

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T

You can probably still back out of the deal since you haven't actually signed anything yet or obtained the vehicle.

The amount of money you paid for a salvage title is insane. It's probably worth 2,000, not 23. I really hope you'll talk to your bank, discuss this with the dealer and use what leverage you have to protect yourself.

snipped-for-privacy@unb.ca wrote:

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R

Why are you paying 23K for a salvaged vehicle when a new one can be had cheaper?

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M

We don't know what brand is the car.

M.J.

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