Please! Need Help with a scam

The story probably went something like "the transmission in this truck sucks, it starts to smoke going up hill, I can't stand driving the thing, I just want to cut my losses and get out of it." Pretty convincing argument honestly...

 

Have you done a tune?

 

That was my first thought actually when I first read the OP. Who the fuck pays $35,000 in cash for a vehicle purchase transaction to a private party?

Stinger from TheFang! Ouch man. I think he is going to need a little aloe vera after that burn.

 

I'm probably missing something in all this but...how did the seller have the title when there is still a lien on the vehicle?

 

Intresting

 

As I stated earlier, this happened to us more than once recently.

And maybe in the future even if you have cash in hand, finance through your favorite bank or CU w/ a hefty down payment and allow the bank/CU to do their due diligence and hold, at least partially, the 'bag' so to speak. This way at least you have the bank/CU's lawyers involved.

 

What's suspect to me is all the coughing OP is doing. Sounds like he knew he was getting into a sideways deal and was trying to do some shady business with a colleague.
Just spitballing here, but it seems like OP isn't telling us the true story.

 

I have the feel he’s gotten a hernia from laughing at us all in to falling for this Friday sounding flakytale.

 

Also a valid point.

 

I think I would have waited this out for a little while till the CU came calling for the title.....

 

Motive on the seller’s end seems clear. 1.). Finance a desireable vehicle, likely with no money down.
2.) Sell said desireable vehicle, receive a legitimate check or, in this case, cold hard cash.
3.) Go literally fucking anywhere you want with 35 g’s in your pocket. Maybe out of the country where you can’t be tracked? Homie is probably living his best life surfing or fishing in Costa Rica by now.

 

Is this country great or what?

 

OP paid $35K for a used truck from a homeless guy on the street?

Welp. That was smart.

 

Doesnt look like stolen property. The vehicle was sold to him by the owner. Anyone can sell a vehicle with a lien on it. What happens now is the original owner probably violated contract. OP is stuck storing the vehicle as noone will pick up the vehicle, not the original owner or the bank. OP is stuck with it, as I am sure if he does something like abandonment of the vehicle at say a parking lot of the financial company, OP will be held liable for damages, if something were to occur.

 

Anyone can’t just sell a vehicle with a lien on it though. The original owner didn’t own the truck, the bank did/does, the bank must be paid to release the title. The original owner essentially stole the truck from the bank and sold the stolen property to the OP who was dumb enough to fall for it. The bank still owns the truck.

 

The bank doesn't own shit. The buyer owns it, the bank lended money and holds a lien on the title as a promissory note of repayment. If the bank cannot recover the collateral, they can still recover their money in many other ways after they get judgment in court.