Need your thoughts on a wierd situation
#1
Need your thoughts on a wierd situation
Im selling my bike on craigslist:
I was contacted by a person (and talked to them via phone) who said they want to come over and see my bike. They said this bike is exactly what they are looking for. They are coming over tomarrow.
They told me there is one thing though, they got approved for financing through the local HD shop. Theyasked would i mind selling Harley Davidson my bike, HD will pay me my asking price for it, thenHD will turn around and sell it back to him, that way he can finance the bike through HD.......... he said he of course he would pay for all the fees HD will tack on for buying/selling the bike to him, i will get the asking price for my bike.
I dont know why but this sounds funny to me. Has anyone heard of something like this before? Would HD do something like that? It makes sense in a way, all HD is doing is making money that way by having the bike financed, and im sure throwing on some fees he will have to pay for. But still it just doesnt sit right.
I figure as long as I go to the HD dealership, and they cut me a check for my asking price, what could be wrong? I dont know, ive always just done cash deals, no checks. What do you guys think? Would you take a large check from HD? I am just afraid if i went to cash it, with my luck for some stupid reason it would bounce. Can HD just give me cash instead of a check? Its only 5K. Im hoping its legit, you just never know with all the craigslist scams these days......
I was contacted by a person (and talked to them via phone) who said they want to come over and see my bike. They said this bike is exactly what they are looking for. They are coming over tomarrow.
They told me there is one thing though, they got approved for financing through the local HD shop. Theyasked would i mind selling Harley Davidson my bike, HD will pay me my asking price for it, thenHD will turn around and sell it back to him, that way he can finance the bike through HD.......... he said he of course he would pay for all the fees HD will tack on for buying/selling the bike to him, i will get the asking price for my bike.
I dont know why but this sounds funny to me. Has anyone heard of something like this before? Would HD do something like that? It makes sense in a way, all HD is doing is making money that way by having the bike financed, and im sure throwing on some fees he will have to pay for. But still it just doesnt sit right.
I figure as long as I go to the HD dealership, and they cut me a check for my asking price, what could be wrong? I dont know, ive always just done cash deals, no checks. What do you guys think? Would you take a large check from HD? I am just afraid if i went to cash it, with my luck for some stupid reason it would bounce. Can HD just give me cash instead of a check? Its only 5K. Im hoping its legit, you just never know with all the craigslist scams these days......
#3
RE: Need your thoughts on a wierd situation
A lot of dealers will do this type of deal. The dealer tacks on a bit so it gets paid and Eaglemark(HDs bank) get the interest from financing, you sell your bike. Its win win for everyone involved.
a dealer would not be around long writing bad checks, just go sit in while the guy gets his financing in order.Dealer cuts a check to youon the spot and your done.
good luck with the sale.
a dealer would not be around long writing bad checks, just go sit in while the guy gets his financing in order.Dealer cuts a check to youon the spot and your done.
good luck with the sale.
#4
RE: Need your thoughts on a wierd situation
This sounds legit to me. The dealership will write you a buisness check -- which to me is better than anyone's personal check. They make money on the financing, plus they will charge him a doc fee and probably a transfer fee.
Once you give them the bike and they cut you a check you're out of it -- take your money and walk away.
Once you give them the bike and they cut you a check you're out of it -- take your money and walk away.
#7
RE: Need your thoughts on a wierd situation
when selling bikes ive always made the person give me CASH before i let him take off on my bike to test ride it. How will i do this now if the dealership is cutting me a check? I cant see this guy wanting to go through all this without riding it first, if he rides it first then dumps it, ill be holding the bag. Any ideas?
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#8
RE: Need your thoughts on a wierd situation
ORIGINAL: saltlick
when selling bikes ive always made the person give me CASH before i let him take off on my bike to test ride it. How will i do this now if the dealership is cutting me a check? I cant see this guy wanting to go through all this without riding it first, if he rides it first then dumps it, ill be holding the bag. Any ideas?
when selling bikes ive always made the person give me CASH before i let him take off on my bike to test ride it. How will i do this now if the dealership is cutting me a check? I cant see this guy wanting to go through all this without riding it first, if he rides it first then dumps it, ill be holding the bag. Any ideas?
#10
RE: Need your thoughts on a wierd situation
Just a piece of friendly advise ... Do not part with it unless you get a certified cheque!! ... even if it's from the dealership. If this deal is on the up and up...that shouldn't be a problem. then .... Take the money and run. ... LIKE THE WIND!