03-11-2011, 02:31 AM
|
#1
|
|
Senior Member
|
|
Join Date: May 2010
Location: Santa Cruz, CA
Age: 37
Posts: 4,989
Real Name: Robert
|
|
Senior Member
Join Date: May 2010
Location: Santa Cruz, CA
Age: 37
Posts: 4,989
Real Name: Robert
|
Deposit To Hold A 4runner
Does anyone know of a way to leave a deposit with a private party, that I can't get ripped off with?
I'm looking into purchasing a 3rd gen and the guy needs his 4runner till a certain date then he will sign the 4runner over. He wants to set up the buyer now since he is moving out of the country, so he will want a deposit to show good faith that I will buy the 4runner.
It isn't a scam, but my parents (who are fronting me the money till I sell my 2nd gen) don't want me to leave a deposit unless I can't lose the money I put forward. Is there a good way that I can feel safe handing over some money and the owner will feel safe as well?
__________________
My 4runner Build Thread 2000 Limited 4runner SOLD
My Tundra Build Thread 2006 Double Cab Tundra SOLD
My Humpty Dumpty 4runner Build Thread 1999 Highlander 4runner
|
|
Reply With Quote
|
03-11-2011, 08:35 AM
|
#2
|
|
Member
|
|
Join Date: Jan 2011
Location: Camden, DE
Age: 46
Posts: 545
|
|
Member
Join Date: Jan 2011
Location: Camden, DE
Age: 46
Posts: 545
|
Quote:
Originally Posted by SCRunner12
Does anyone know of a way to leave a deposit with a private party, that I can't get ripped off with?
I'm looking into purchasing a 3rd gen and the guy needs his 4runner till a certain date then he will sign the 4runner over. He wants to set up the buyer now since he is moving out of the country, so he will want a deposit to show good faith that I will buy the 4runner.
It isn't a scam, but my parents (who are fronting me the money till I sell my 2nd gen) don't want me to leave a deposit unless I can't lose the money I put forward. Is there a good way that I can feel safe handing over some money and the owner will feel safe as well?
|
Have an attorney draw up an agreement of sale, signed by all parties, specifying how much $ to be deposited, and the date on which it is to be released, and have him/her then hold it in their escrow account. Every attorney should have one (at least around here they do).
Last edited by THEREALTOR1; 03-11-2011 at 08:43 AM.
|
|
Reply With Quote
|
03-11-2011, 11:06 AM
|
#3
|
|
Senior Member
|
|
Join Date: Jul 2009
Posts: 4,984
|
|
Senior Member
Join Date: Jul 2009
Posts: 4,984
|
Normally i would say just write it out yourself amd have him sign it, given the circumstances i would feel more comfortable having a lawyer write it up like the realtor says.
See! The right one came around! Any specs?
|
|
Reply With Quote
|
03-11-2011, 11:45 AM
|
#4
|
|
Member
|
|
Join Date: Feb 2011
Location: Riverside
Posts: 551
|
|
Member
Join Date: Feb 2011
Location: Riverside
Posts: 551
|
Honestly this has heart ache written all over it... The whole leaving the country thing worries me. First I would run a carfax on the rig and verify that they are the true owner ( copy of title) Then give you a chance to clear the title with the DMV. I picked up an old Jeep Scrambler that had a lien on it from three owners ago. I had to track them down and have them sign off on it. If you put a deposit I say you hold the title! If he has a problem with that tell him to go kick rocks.
|
|
Reply With Quote
|
03-11-2011, 12:09 PM
|
#5
|
|
Senior Member
|
|
Join Date: May 2010
Location: Santa Cruz, CA
Age: 37
Posts: 4,989
Real Name: Robert
|
|
Senior Member
Join Date: May 2010
Location: Santa Cruz, CA
Age: 37
Posts: 4,989
Real Name: Robert
|
Hey thanks for the responses. Yeah I don't know if I will go as far as an attorney, but I will look into holding the title.
It isn't a scam, but it is a different kind of sale. The guy is moving back to Japan at the end of the month because his job requires it and his Visa is going to be up. He wants to make sure he has a buyer before he leaves, so he is putting the 4runner up for sale now. The annoying part is that he wants to show it to multiple people to see who he feels comfortable with and can trust will buy the 4runner when he is leaving. I have talked to him extensively and met him and test drove it last night.
He hasn't officially said I will be the buyer, but I'm pretty sure I will be. I have checked the carfax and ran a google search on him and everything. He has never sold a car and is very nervous, so he is going through these steps.
He has all the service records since owning and just had to put a new actuator in because the other one was stuck. I trust the guy, but always good to be safe.
The 4runner is a 99 Limited. Exactly what I was looking for except it doesn't have a locker. Everything works except the clock and has 145k on it.
__________________
My 4runner Build Thread 2000 Limited 4runner SOLD
My Tundra Build Thread 2006 Double Cab Tundra SOLD
My Humpty Dumpty 4runner Build Thread 1999 Highlander 4runner
|
|
Reply With Quote
|
03-11-2011, 04:36 PM
|
#6
|
|
Senior Member
|
|
Join Date: Dec 2010
Location: Seattle, WA
Posts: 4,521
Real Name: Alex
|
|
Senior Member
Join Date: Dec 2010
Location: Seattle, WA
Posts: 4,521
Real Name: Alex
|
Sounds like a textbook scam.
Why are you so sure it's not? Sorry to doubt the guy, but even craigslist warns against that kind of stuff.
__________________
2006 Lexus GX 470 Sport- RR Diff Lock, Metal Tech Sliders, RCI Aluminum Skids, Front Runner Slimline II Rack, SCS F5s, 255/80R17 ST Maxx , OME BP-51s, Dirt King UCAs, Metal Tech RR Lower Links
2016 Lexus IS300 F Sport- F-Sport Air Filter RR Racing tuner
|
|
Reply With Quote
|
03-11-2011, 04:39 PM
|
#7
|
|
Senior Member
|
|
Join Date: Dec 2010
Location: Seattle, WA
Posts: 4,521
Real Name: Alex
|
|
Senior Member
Join Date: Dec 2010
Location: Seattle, WA
Posts: 4,521
Real Name: Alex
|
Sounds like a textbook scam.
Why are you so sure it's not? Sorry to doubt the guy, but even craigslist warns against that kind of stuff.
__________________
2006 Lexus GX 470 Sport- RR Diff Lock, Metal Tech Sliders, RCI Aluminum Skids, Front Runner Slimline II Rack, SCS F5s, 255/80R17 ST Maxx , OME BP-51s, Dirt King UCAs, Metal Tech RR Lower Links
2016 Lexus IS300 F Sport- F-Sport Air Filter RR Racing tuner
|
|
Reply With Quote
|
03-11-2011, 05:19 PM
|
#8
|
|
Member
|
|
Join Date: Mar 2010
Location: Pueblo West, CO
Posts: 935
|
|
Member
Join Date: Mar 2010
Location: Pueblo West, CO
Posts: 935
|
If it is a scam im wondering how many people are puting down deposits.
__________________
2007 SportEdition V6 4WD Galactic Gray
Found on the trails of the Colorado front range
Daystar 2.5/1.5, Rear Diff Breather Mod, TRD Brake Pads, Full Synthetic 90w-135 Gear Lube, 265/70/17 Duratracs, Cobra 75, 3' Firestik, Refrigerated Console
Toyota Expert Tech/Lexus Certified Tech/ASE Master Tech
|
|
Reply With Quote
|
03-11-2011, 05:26 PM
|
#9
|
|
Senior Member
|
|
Join Date: May 2010
Location: Santa Cruz, CA
Age: 37
Posts: 4,989
Real Name: Robert
|
|
Senior Member
Join Date: May 2010
Location: Santa Cruz, CA
Age: 37
Posts: 4,989
Real Name: Robert
|
It sounds like a scam and I was cautious about it at first, but once you meet the guy you can understand why he is doing all of this. He is a 30 something Japanese man originally from Japan and kind of nervous. He didn't one bit give me the vibe of someone to scam people. He has a facebook with him on a segwey golfing. All of his records match up and the company he works for is a high tech software company that is based out of Japan. He came to my house to show me because I couldn't make it out to see the car. The address he gave me matches the address on his Toyota maintenance record print out and the title. Basically he has been consistent with his story and facts the whole time.
Here is the facebook page. http://www.facebook.com/seishiro.hamanaka
__________________
My 4runner Build Thread 2000 Limited 4runner SOLD
My Tundra Build Thread 2006 Double Cab Tundra SOLD
My Humpty Dumpty 4runner Build Thread 1999 Highlander 4runner
Last edited by SCRunner12; 03-11-2011 at 05:33 PM.
|
|
Reply With Quote
|
03-11-2011, 06:26 PM
|
#10
|
|
Member
|
|
Join Date: Jan 2011
Location: Camden, DE
Age: 46
Posts: 545
|
|
Member
Join Date: Jan 2011
Location: Camden, DE
Age: 46
Posts: 545
|
Going back to my original reply, any concern of a scam can be completly absolved by paying a lawyer a couple hundred $'s to draw up a legal binding contract with an escrow clause, indicating when and to whom any escrow monies are to be disbursed. You can even condition that clause to read that the attorneys office will not be instructed to release the funds unless signed for by both parties on the given disbursment date.
I don't know what you're paying for the vehicle, but I know if it was me, i'd spend the couple hundred dollars on the attorney simply for the peace of mind. All of this would be easy "boilerplate" language sort of stuff for the attorneys' office to prepare. And if you know an attorney, or have a friend that is, or knows an attorney, you could probably get it done for next to nothing.
Last edited by THEREALTOR1; 03-12-2011 at 01:34 PM.
|
|
Reply With Quote
|
03-11-2011, 06:38 PM
|
#11
|
Member
|
|
Join Date: Aug 2004
Location: Ontario
Posts: 759
|
|
Member
Join Date: Aug 2004
Location: Ontario
Posts: 759
|
If you are talking about a couple hundred dollars how much would it cost for him to rent a car until he leaves and sell it to you now with that somehow taken into account?
__________________
2004 4x4 SR5 V8 Titanium Silver - Sold Sept 2011
2011 4x4 TRD Sport v6 Tacoma
|
|
Reply With Quote
|
03-11-2011, 07:18 PM
|
#12
|
|
Member
|
|
Join Date: Apr 2010
Location: Vancouver, B.C., Canada
Posts: 660
|
|
Member
Join Date: Apr 2010
Location: Vancouver, B.C., Canada
Posts: 660
|
When is he leaving for Japan?
His terms of sale really irritate me.
I say forget it, but that's just me. It's almost like he is looking for someone "worthy" of being his customer; almost a Seinfeld situation.
"For sale 4Runner LE, great except for clock. Please contact me to setup an interview to determine if you are a worthy buyer. Upon successful completion of interview, you may be allowed to provide me with a deposit"
(just having fun with this, sorry. It does sound like it's in great shape)
|
|
Reply With Quote
|
03-12-2011, 06:06 AM
|
#13
|
Senior Member
|
|
Join Date: Nov 2008
Location: San Francisco, CA
Age: 44
Posts: 2,549
|
|
Senior Member
Join Date: Nov 2008
Location: San Francisco, CA
Age: 44
Posts: 2,549
|
SCRunner12,
Don't do it...if he's serious about selling it, he would do it now.
And if he really needs a vehicle to get around in, then he can go get a rental.
__________________
. -Kenny- (formerly icantsee) .
• **SOLD** 2007 Toyota 4Runner V6 SR5 4WD - Titanium Metallic
Daystar Spacer Lift 2.5/1.5 (Preload/Topout)|P265/70R17 Bridgestone Dueler A/T Revos|XenonDepot H11 4300k Xtreme HID Kit|Weathertech Floor & Cargo Liners|Rear Axle Diff Breather Extension|Color Matching Grill|Debadged Emblems|FatCat6|Soon/Wishlist|CB Radio|BL 1"|Demello Bolt On Sliders|Icons or Radflo|BajaRack or Rola Rack
|
|
Reply With Quote
|
03-12-2011, 12:42 PM
|
#14
|
|
Elite Member
|
|
Join Date: Mar 2010
Location: Illinois
Posts: 6,046
Real Name: Um, Phil?
|
|
Elite Member
Join Date: Mar 2010
Location: Illinois
Posts: 6,046
Real Name: Um, Phil?
|
OP: It may not be a scam, but it is fraught with potential problems. You missed the main point about the attorney - "escrow". The atty holds your money, and his signed title.
Listen to your parental units. You've got new car fever, and it's clouding your judgement.
I agree with the buy it now suggestion, or fugeddaboudit.
EDIT: Notice no one told you not to buy this truck, just do it smarter.
__________________
2010 Blizzard Pearl SR5/P - traded
2018 Superwhite SR5/P ... IS350 retrofit.
Last edited by philsey; 03-12-2011 at 01:51 PM.
|
|
Reply With Quote
|
03-12-2011, 03:20 PM
|
#15
|
Member
|
|
Join Date: Oct 2010
Location: Bay Area, CA
Posts: 34
|
|
Member
Join Date: Oct 2010
Location: Bay Area, CA
Posts: 34
|
This has scam written all over it.
--If he is not willing to hand/sign over the title, and sign a contract of sale (like above), then I would look elsewhere. As well as do a carfax search of the vin.
Again, sounds like BS to me
You'll find something better
__________________
2011 Trail Editon | Shoreline Blue
http://www.christopherpeeters.com
|
|
Reply With Quote
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is On
|
|
|
|