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Thread: Fund Transfer

  1. #1
    Senior Member jloucks388's Avatar
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    Fund Transfer

    What method is recommended for transferring funds safely for a long distance car purchase? PayPal? I'm in CA and the car is at a dealer in NY.

    Thanks.
    -Jim

    '72 911T
    '02 B5 S4 (RS4 Clone)
    '12 997.2 Turbo Manual
    '19 B9 RS5 (Daily)

  2. #2
    Senior Member jim amato's Avatar
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    bank wire can be used
    registry #2072

  3. #3
    PP is very expensive for large amounts, wire transfer or direct deposit
    Early S Junkie # 658

  4. #4
    Senior Member jloucks388's Avatar
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    Thanks,, My understanding was that there aren't any buyer protections associated with a wire transfer or direct deposit. Comments appreciated.
    -Jim

    '72 911T
    '02 B5 S4 (RS4 Clone)
    '12 997.2 Turbo Manual
    '19 B9 RS5 (Daily)

  5. #5
    That is true, there are escrow services one can use, I've not used any of those.
    Early S Junkie # 658

  6. #6
    Senior Member StephenAcworth's Avatar
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    Probably worth the flight cost to do it in person and check the car out...
    1966 911 Coupe - Slate Grey - 304598 - still in restoration!

    Member #1616

  7. #7
    Senior Member
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    Quote Originally Posted by StephenAcworth View Post
    Probably worth the flight cost to do it in person and check the car out...
    +1
    I have only bought one car without seeing it in person, 68 912 SWT rusty, bought it for the SWT gear and to part it out, should have never cut it up!
    a serious car is worth looking at,

  8. #8
    Oil Cooled Heart Bullethead's Avatar
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    If you have a PPI performed by a reputable source they can advise whether the seller is legit or not... in other words, if the inspection is good, there shouldn't be any reason not to wire or DD.

    And with dealers, sometimes there are other possible payment options. I once put a car on American Express! (after calling them to advise a five-figure transaction was about to happen)
    Russ

    ESR # 1537

    '62 356S Notchback Hotrod
    '67 S Das Geburtstagsgeschenk
    '68 T Targa Sportomatic
    '68 L SW Targa Sportomatic
    '70 914/6 GT

  9. #9
    Senior Member jloucks388's Avatar
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    The local Porsche dealer did the PPI today. All good. They're going fix a couple of minor wear items before transport. Newer car - 2012 997 Turbo Manual.

    I wish I didn't tear up my AMEX card last year - I can see its good for something.
    -Jim

    '72 911T
    '02 B5 S4 (RS4 Clone)
    '12 997.2 Turbo Manual
    '19 B9 RS5 (Daily)

  10. #10
    Senior Member ejboyd5's Avatar
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    Quote Originally Posted by StephenAcworth View Post
    Probably worth the flight cost to do it in person and check the car out...
    Absolutely correct. Think of the airfare as an insurance premium payment.

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