Selling a car to someone in Europe

[LeBaron1973]

There is also another funds transfer (Australian based) business named OFX OFX | International Money Transfers & Currency Exchange

The concept is the Euro amount is paid into OFX's European account and the US dollar amount paid from OFX's American account.

Have never used them but as Stan says, these arrangements are safe or they wouldn't exist.

 

[polara71]

I feel more safe with giving someone a check around the corner, than giving them routing and account numbers around the world. . . . . Not a chance.

 

[commando1]

The only bank I wouldn't accept a transfer from is from the Tenth National Bank of Nigeria account of the heir-in-exile of the deceased ex-Minister of Finance.

 

[polara71]

Perhaps I am a bit more suspect of people. I had no trouble accepting cash from the transporter and handing him the title and keys

 

[C Body Bob]

That's what I did. I opened a savings account with a bank I don't normally deal with. Gave the guy that #. His bank wires funds to a clearing house in my case that was a place in California. Then it's sent to my bank. I gave him my acct # & banks home office address. The clearing house address. Took 24 hours to clear. Buyer is taking a lot of risk as well. I kept him up to date. As transport company called 3 times.

 

[commando1]

Perhaps I am a bit more suspect of people. I had no trouble accepting cash from the transporter and handing him the title and keys

Nobody can deny cash trumps all.

 

[Stormer]

Dude! Where ya been?

Hibernating.....

But then I gotta give banking numbers, dont I?

Same numbers that are printed on your checks that you hand to people.

 

[polara71]

Hibernating.....
Same numbers that are printed on your checks that you hand to people.

Yeah, we know, Stan said that. My checks go in the mail, besides that? Not really. Like I said, If I needed something with a check I know where to find the guy . Hell, Im suspect of Paypal

 

[Stormer]

Yeah, we know, Stan said that.

You can't expect me to read every post....

 

[polara71]

You can't expect me to read every post....

Back after a year and you want considerations ?

 

[69monaco]

Well i talked with my bank. The lady there didn't like it. She said it would be best if I opened a new separate account for this & then close it & transfer the money as soon as it was in the account. Transfer it to my regular account. She said I would have to give the seller my account #. So that's why the new (temporary) account. I did confirm with buyer he's taking care of all fees. So I'm a bit nervous about the account # thing.

That,s the way to do it , payed the last 5 cars from my account to (new) accounts with no money on it,,,,,,,,save for both.
A few sellers didn,t open a new account and give me there normal account number.
I would never pay with a cheque when the seller is asking for that , he can keep the car!!

 

[patrick66]

Sent four cars to Germany in the early '90s, and repatriated two to the US from there, also. Back then, wire transfer was the only way to go. And to me, it still is.

 

[ceebuddy]

...Transfer it to my regular account. She said I would have to give the seller my account #...

Yes you would of course have to. But what would the buyer (or any third party) be able to do with your account number - other than transfer money onto that account? I don't see any risk there.

 

[C Body Bob]

Yes you would of course have to. But what would the buyer (or any third party) be able to do with your account number - other than transfer money onto that account? I don't see any risk there.

A little thing called hacking. That's why the company Life Lock was created.

 

[ceebuddy]

I don't say identity theft is impossible. But it's a little like not giving out your telephone number because someone having it might take over your account with the telephone service provider.

 

[Slantsix]

And at Finland its damn hard to find banks what accept checks anymore.

 

[C Body Bob]

Well I'm no expert on these matters. I have a couple of friends that regularly sell cars via wire, but both of them have only sold to US people. So I went & talked with my banker & I did what she said

 

[C Body Bob]

The car arrived in Holland with the trunk full of spare parts. He sent an E mail that he was very happy.

 

[pomonamissel]

glad it worked out , right . maybe this is just the start of your europen collection bob .

 

[C Body Bob]

glad it worked out , right . maybe this is just the start of your europen collection bob .

I'd love to sell more cars.