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Car Forum / BMW Cars / June 2005

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Too good of a deal to be true?

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Awwwkrap - 05 Apr 2005 21:30 GMT
Hey I just came across a 2002 BMW M3 on the web for $9000. Thats right,
nine thousand dollars.

The owner is European and says this car was American bought and because he
cannot change it according to European standards, he must now sell it out.
He says he has a small company in France. He cannot take finance, money
has to be electronically transferred through "Ebay square trade".

Now I have a question, is ebay square trade going to protect me and my
money from being frauded? I am not familiar with this.....
He tells me that only if the car is shipped and in advertised condition to
MY satisfaction, does square trade get verification from me to wire this
guy my money. Is this true?

Because this is an international transaction, I am skeptical about this.
What I ultimately wanna know is if "Ebay square trade" will prevent me
from a scam...(car not being sent after recieving money). Would square
trade send the money ONLY AFTER i give the okay?
blk knight - 05 Apr 2005 22:43 GMT
Sounds fishy.  American mods are more stringent than European, so he should
have no problem.  When I was in the service (USAF) I shipped my Volkswagen
to Germany and had no problems with their inspection..  If it sounds to good
to be true chances are it is.

Signature

Ed Smith

> Hey I just came across a 2002 BMW M3 on the web for $9000. Thats right,
> nine thousand dollars.
[quoted text clipped - 14 lines]
> from a scam...(car not being sent after recieving money). Would square
> trade send the money ONLY AFTER i give the okay?
Joe C - 05 Apr 2005 23:12 GMT
Step back, take a deep breadth, do you really think
you will get 2002 BMW M3 for $9000?

> Hey I just came across a 2002 BMW M3 on the web for $9000. Thats right,
> nine thousand dollars.
[quoted text clipped - 14 lines]
> from a scam...(car not being sent after recieving money). Would square
> trade send the money ONLY AFTER i give the okay?
tech27 - 06 Apr 2005 02:27 GMT
As the scammer, er, vendor, if he will agree to sell it via an escrow
service. That's the only way to do this (well, maybe not THIS) kind of
thing. You send the money to an escrow service. He doesn't get it, but he is
told that the money is there so he can ship the merchandise. When the
merchandise arrives, and it's a real M3 (not a die cast model), you inform
the escrow service that you are authorizing them to release the funds.
Simple.

If you "came across" it on the web, and not on eBay, there is no eBay
protection (such as it is), if it was not listed on eBay.

Or just save yourself some time, and forget about it.

> Step back, take a deep breadth, do you really think
> you will get 2002 BMW M3 for $9000?
[quoted text clipped - 20 lines]
>> from a scam...(car not being sent after recieving money). Would square
>> trade send the money ONLY AFTER i give the okay?
Somebody - 06 Apr 2005 05:18 GMT
> As the scammer, er, vendor, if he will agree to sell it via an escrow
> service. That's the only way to do this (well, maybe not THIS) kind of
[quoted text clipped - 8 lines]
>
> Or just save yourself some time, and forget about it.

ALERT with that one -- this is a reasonable precaution, and good scammers
are quite willing to use an escrow service and will suggest one to use --
only it's a completely fake one they've set up for that very purpose in
advance.  Complete with phony website, phones, etc.  It's happened, really.

-Russ.
tech27 - 06 Apr 2005 05:21 GMT
>> As the scammer, er, vendor, if he will agree to sell it via an escrow
>> service. That's the only way to do this (well, maybe not THIS) kind of
[quoted text clipped - 18 lines]
>
> -Russ.

No doubt. Make that "Use a know, reputable escrow service" Like
"escrowscamnigeria.arg"
Dave Plowman (News) - 05 Apr 2005 23:47 GMT
> Hey I just came across a 2002 BMW M3 on the web for $9000. Thats right,
> nine thousand dollars.

> The owner is European and says this car was American bought and because
> he cannot change it according to European standards, he must now sell it
> out. He says he has a small company in France. He cannot take finance,
> money has to be electronically transferred through "Ebay square trade".

Sounds a standard scam. But just substitute Western Union for payment -
they're the worst.

> Now I have a question, is ebay square trade going to protect me and my
> money from being frauded? I am not familiar with this..... He tells me
> that only if the car is shipped and in advertised condition to MY
> satisfaction, does square trade get verification from me to wire this
> guy my money. Is this true?

PayPal is the 'standard' Ebay way of paying in Europe, IIRC. But it's not
any real protection.

> Because this is an international transaction, I am skeptical about this.
> What I ultimately wanna know is if "Ebay square trade" will prevent me
> from a scam...(car not being sent after recieving money). Would square
> trade send the money ONLY AFTER i give the okay?

Anything that sounds like a scam usually is. And I can't really think of
anything on a BMW - other than simple things like lights - that are *that*
different between the US and Europe - especially LHD Europe.

Signature

*Can atheists get insurance for acts of God? *

   Dave Plowman        dave@davenoise.co.uk           London SW
                 To e-mail, change noise into sound.

FSJ - 06 Apr 2005 06:03 GMT
SCAM sorry for the yelling but it's a scam. Want to find out for sure?

I inquired about a similar deal on an M5 almost identical story to yours.
Wanted to use a service such as Ebay Square Trade and he gave me the web
link. I went to the site then went to www.whois.net and checked out who
owned the domain and when it was registered, etc... Turns out it was
registered the day before. I then researched a reputable service and told
the seller that I first needed to see/touch the car since the Car and I were
supposedly in the same city and that I would like to use
www.IForgetEscrowService.com instead of his service.

Never heard back from the seller/scammer and oh yes I called him on the
domain info I found. Run do not walk away from this deal. This is a very
common scam and is in line with the emails from your bank/credit card
company notifying you that someone tried to hack your account so please
verify your user name and password by going to this site that looks and
feels like your financial institutions however it's a temp site to
gather/steal your info.

All the best,

FSJ
> Hey I just came across a 2002 BMW M3 on the web for $9000. Thats right,
> nine thousand dollars.
[quoted text clipped - 14 lines]
> from a scam...(car not being sent after recieving money). Would square
> trade send the money ONLY AFTER i give the okay?
Dori A Schmetterling - 06 Apr 2005 11:42 GMT
No, SPRINT away...

DAS
Signature

For direct contact replace nospam with schmetterling
---

[...]
> Run do not walk away from this deal
[...]
Don - 06 Apr 2005 16:32 GMT
> Hey I just came across a 2002 BMW M3 on the web for $9000. Thats right,
> nine thousand dollars.

When something looks too good to be true..

RUN AWAY! RUN AWAY!

> The owner is European and says this car was American bought and because he
> cannot change it according to European standards, he must now sell it out.

Right. I had them tell me they were from the US, took their M3 to
England and couldn't drive it 'cause in the UK they drive on the other
side of the road...  Right. I believe that (not.)

Or - had one from Belgrade, who just brought the car over, lost his job
and has to sell it - so he's selling it in the US, will pay for shipping
back, and only wants the money for shipping it, will send it to you.

Right. Not.

> He says he has a small company in France. He cannot take finance, money
> has to be electronically transferred through "Ebay square trade".

Uh... Ebay Square Trade doesn't do money transfers.

 > Now I have a question, is ebay square trade going to protect me and my
> money from being frauded? I am not familiar with this.....

No.

> He tells me that only if the car is shipped and in advertised condition to
> MY satisfaction, does square trade get verification from me to wire this
> guy my money. Is this true?

Have you even looked at Ebay? You're an adult right? Some sense of
self-protection might be a good thing.  Square Trade is a program
certifying an Ebay seller. It has nothing to do with transferring money,
and the only protection they provide is $250 against a "Square Trade"
vendor committing fraud.

> Because this is an international transaction, I am skeptical about this.
> What I ultimately wanna know is if "Ebay square trade" will prevent me
> from a scam...(car not being sent after recieving money). Would square
> trade send the money ONLY AFTER i give the okay?

No and no. It's that simple.

This is a SCAM. Have some fun with them - ask for the VIN and then get
someone to do a CARFAX or CAR-Check on it. You'll probably find the car
is already in the US, and is owned by someone in the US - and likely was
bought via an Ebay auction (at a lot more than $9,000) a few months ago.
The scammers like to steal photos and VIN's and descriptions from
completed Ebay auctions.

Then you can pretend you're REALLY interested, and you have a friend in
Europe who will go inspect the car for you. You'll suddenly find them
not communicating (I had one DEMAND I send money RIGHT NOW..)

Or - just pretend to be interested and wait for the next step in the
scam. That's where you're supposed to send some money via some means and
they will ship the car to you via UPS or some other service (I checked -
 UPS does ship vehicles, but an M3 from Europe to the east-coast of the
USA costs MORE than they were asking for the car - and they were going
to pay shipping.. right.)

RUN AWAY RUN AWAY!! If it quacks like a duck, sh.ts like a duck and
smells like a duck - it's probably not a chicken.
Malt_Hound - 06 Apr 2005 16:43 GMT
> Hey I just came across a 2002 BMW M3 on the web for $9000. Thats right,
> nine thousand dollars.
[quoted text clipped - 14 lines]
> from a scam...(car not being sent after recieving money). Would square
> trade send the money ONLY AFTER i give the okay?

This is obviously a scam.

-Fred W
Jeff Strickland - 06 Apr 2005 17:52 GMT
On the surface, this sounds like a scam.

There is a scam that goes something like this, I have 1.5 million in an
account that I can't get to because there are regulatory issues. I only need
$5000 to get through the regulations and get to my 1.5 mil. If you give me
the $5000, when I get through the regulations, I'll repay you $25,000 for
letting me use your money.

A variation on this scam might go something like this, I am in France with
an American car, and I can't get the car to pass the rules here, so I am
going to sell it at a loss just to get over it. The trouble is, I can only
take cash ...

> Hey I just came across a 2002 BMW M3 on the web for $9000. Thats right,
> nine thousand dollars.
[quoted text clipped - 14 lines]
> from a scam...(car not being sent after recieving money). Would square
> trade send the money ONLY AFTER i give the okay?
Steinar - 06 Apr 2005 20:31 GMT
> On the surface, this sounds like a scam.
>
[quoted text clipped - 27 lines]
>>from a scam...(car not being sent after recieving money). Would square
>>trade send the money ONLY AFTER i give the okay?

Take a look at www.mobile.de ,one of the largest sites for used cars in
Europe.
They have a clear warning about scammers.

If the price is too good to be true ,it's too good to be true....

Steinar

02 e46dat 195hp/420nm he-he...
Somebody - 07 Apr 2005 13:33 GMT
> > On the surface, this sounds like a scam.
> >
[quoted text clipped - 5 lines]
>
> Steinar

Don't forget, scammers do this on full price cars too...

-Russ.
JT - 06 Apr 2005 20:27 GMT
> The owner is European and says this car was American bought and because he
> cannot change it according to European standards, he must now sell it out.
> He says he has a small company in France. He cannot take finance, money
> has to be electronically transferred through "Ebay square trade".

This is about the third variation of this scam I've heard.

I can't believe anyone would be so foolish as to fall for it.

I guess it is true that "you can't cheat an honest man"

Think about it - most scams play on your greed...
DFS - 08 Apr 2005 06:03 GMT
You MUST be a freaking idiot to even imagine that this ISN'T a scam.

This scam has been around so long, and discussed so widely, that it's hard
to believe there is anyone in the world who would fall for it.

DS

> Hey I just came across a 2002 BMW M3 on the web for $9000. Thats right,
> nine thousand dollars.
[quoted text clipped - 14 lines]
> from a scam...(car not being sent after recieving money). Would square
> trade send the money ONLY AFTER i give the okay?
euslbria - 11 Jun 2005 09:13 GMT
:shock:
let me know what you think. this robert weissbach guy has a 199
toyota supra on yahoo and autotrader for $6000. he replies to a
e-mail from  me from 2  different e-mails stating that he had som
problems with his computer and also thar the car is in a garage i
ny, but he is now in the uk and he's having financial problems.
then receive an e-mail from square trade stating that i have unti
the 22nd to pay the full amount, but this guy wanted me to wire th
money asap through western union to the uk and also say that it '
for a friend to avoid taxes. on top of that, i have not been able t
get through to square trade on the phone. so i tell this guy that
want the vin#: he sends me a copy of the title. the vin# and th
square trade number are legit, but i still get the feeling that i
might be a case of stolen identity. i'm so glad that i read the post
on this site before i wired that money; i was very close. now i'
wiser and i hope that his can help others
 
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