Selling a Triumph Spitfire

Getting Rid of Your Triumph Spitfire

This page contains some hints and tips for those who are considering selling their Triumph Spitfire.

The main worry when you sell a Spitfire is to get your money successfully in your bank with no hiccups.

Of course these are just suggestions and I can accept no responsibility for any unforeseen consequences that may follow.

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  1. Watch out for the foreign buyer scam

Watch out for the foreign buyer scam

This scam is apparently quite common when selling your car through the larger online sites like Exchange and Mart or Autotrader – Exchange & Mart carry warning notices on their site about it. However it’s worth being cautious wherever your car is advertised.

The scam goes something like this (although the exact details can vary):

Someone will email you purporting to be from abroad and saying they are interested in your car. They may flatter your car from the photographs in your advert or after they’ve asked you to email them more pictures. They will then make an offer to buy your car at the asking price with a bankers draft. But they will also suggest giving you some extra money in the bankers draft to cover the shipping costs – getting you to write a cheque or give cash to someone for the shipping cost element.

The bankers draft arrives and you bank it. The ‘shipper’ will then come and pick up the car and take it away after you’ve paid them the shipping costs.

After that you feel pleased with yourself – until you find out that the issuing bank (if it exists) has defaulted on the bankers draft you received and the money is no longer sitting in your bank account.

The net result is that you’ve lost your car and however much you paid out for the shipping costs.

When I sold my Triumph Stag in 2005 I think I was being lined up for this. The ‘buyer’ gave me his address in Geneva and after seeing just 2 photographs offered me the full amount for my car plus of course the shipping charge. I was a bit suspicious and I checked the address on Multimap and Google, drawing a blank both times. After I emailed the ‘buyer’ to query why I couldn’t find his address and to ask for more details about the shipping company I never heard from him again.

The scam works because most people assume that bankers drafts represent ‘cleared funds’ and cannot be withdrawn – but apparently they can even after the money appears to be in your account! Also some bankers drafts allegedly issued by foreign banks are actually forgeries and it can take some time for this to be spotted.

Other Triumph Spitfire Hints and Tips Pages

 

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