Joined Sep 2011
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Forum Thread
is bank wire transfer safe for seller?
July 24, 2012 at
06:18 PM
16 Comments
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For example, I own an M3. These cars were limited in production compared to others. On the M3forums, many buyers look outside of their local area to purchase the specific model they're looking for. Many purchase a car across the country and have it shipped to them.
The last M3 I sold, I had a potential buyer from Pennsylvania (I'm in California). We spoke through the forums first, email second, and finally on the phone. He was a legit buyer and I was a legit seller. I'd say it's a case by case situation.
If it is just a matter of out of state sale with wire transfer and your antennae are't up then I would go ahead. Yes banks have wire transfer fraud departments, but you will have a good trail of paperwork that the buyer sent you the money for the car he received - cant renege very easily or convincingly....