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12-07-2008, 08:17 AM
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#1
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Online purchase question
I am interested in purchasing a used kayak from a private party several states away. If I pay his price, he will pay to ship.
Any ideas on handling the money part? This is several hundred dollars and it makes me a bit nervouse to just send him the money.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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12-07-2008, 08:20 AM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2004
Location: No. California
Posts: 1,858
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Paypal. That way you can use your credit card via Paypal and get them involved if there is a problem.
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12-07-2008, 10:03 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,201
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Quote:
Originally Posted by KB
Paypal. That way you can use your credit card via Paypal and get them involved if there is a problem.
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Ditto, PayPal is the way to go IMHO...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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12-07-2008, 10:13 AM
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#4
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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ditto again for PayPal, or maybe some type of escrow service if the seller balks at PayPal. maybe something like this: https://www.escrow.com/index.asp
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12-07-2008, 10:59 AM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2007
Posts: 7,746
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Ask if he'll take cash on delivery? Worth a shot...
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12-07-2008, 02:10 PM
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#6
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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What KB said. PayPal would much rather suck the money from your checking account and they make it hard to use a credit card, but it's your best recourse if something goes bad.
A couple years ago I had an eBay seller stiff me on a $1200 purchase*, but since I'd paid with a credit card through PayPal I was made whole within the month.
*Hey, Google, Randy Winegar used eBay to steal my money!
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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12-07-2008, 05:04 PM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,151
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Martha,
Be sure you're saving substantial bux and getting exactly what you want in your used boat transaction. Based on reading zillions of your posts, I'd assume this wouldn't happen to you....... but I've seen folks accept a model that isn't exactly exactly what they want or have the boat damaged in shipping resulting in complications or have the boat not be in as good of condition as claimed when buying used from a distant seller. So, before buying from a stranger located far away, be sure the risk is being offset by big time savings.
Also, be sure you chat at length with the seller on the phone and feel confident after the conversation he/she is trustworthy. Email exchanges don't cut it.
If you're only saving 30% - 40% vs new list price, remember that Canoecopia (in Madison, Wis) is only a few months away and there are usually nice deals to be had there. Plus lots of great seminars, classes and product reviews to attend.
We bought one kayak (a Hobie) at the Chicago Boat and RV show and got a great price. We bought another at Bass Pro Shop (an Ocean Kayak) on sale. The third (a Dagger) we bought used at a garage sale.
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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12-07-2008, 07:57 PM
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#8
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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Good points Youbet. I am bummed that I will be in Texas in March during Canoecopia.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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12-07-2008, 08:40 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2005
Location: Chicago
Posts: 13,151
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Quote:
Originally Posted by Martha
Good points Youbet. I am bummed that I will be in Texas in March during Canoecopia.
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I'm bummed I'm not in Texas right now! We're having serious winter already in Chicago.
We spent extended Xmas holidays the past two years on Lake LBJ chasing bass around in 50f to 70f temps. The locals down there apparently think that's too cold to fish since we were typically the only boat in sight and all the $million homes seemed abandoned.......
__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
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12-07-2008, 08:50 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,003
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Quote:
Originally Posted by youbet
The locals down there apparently think that's too cold to fish since we were typically the only boat in sight.......
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We're all at deer camp...
__________________
Numbers is hard
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12-08-2008, 07:23 AM
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#11
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Full time employment: Posting here.
Join Date: Sep 2006
Location: Pocono Mtns.
Posts: 899
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Quote:
Originally Posted by REWahoo
We're all at deer camp...
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Now THAT song is playing in my head!
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12-08-2008, 07:52 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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I agree with PayPal, its the only way to have any recourse on the purchase.......
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Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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12-08-2008, 10:10 AM
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#13
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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The guy doesn't want to do paypal. He wants money upfront. I can understand but I probably will pass on the purchase.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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12-08-2008, 11:02 AM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2005
Posts: 2,032
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Quote:
Originally Posted by Martha
The guy doesn't want to do paypal. He wants money upfront. I can understand but I probably will pass on the purchase.
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Yeah, that's not a good sign from a seller.
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12-08-2008, 11:48 AM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Martha
The guy doesn't want to do paypal. He wants money upfront. I can understand but I probably will pass on the purchase.
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Then pass. If his objection is to the PayPal fees, sometimes a deal can be worked out -- but if he won't take it under any circumstance, I'd back away unless it was someone I *really* had good reason to trust.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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01-06-2009, 07:40 PM
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#16
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Moderator Emeritus
Join Date: Feb 2004
Location: minnesota
Posts: 13,228
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OK, I followed nobody's advice, including my own. I bought the thing, the guy shipped after the check cleared, and I got it today.
I built some trust by checking out where he worked. He worked for a public entity and info about him was on the Net.
I'm happy but I could have been screwed.
__________________
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No more lawyer stuff, no more political stuff, so no more CYA
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01-06-2009, 07:45 PM
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#17
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
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Glad you got your kayak!!
In a few months, all that snow and ice will melt and you'll have plenty of water for it, though maybe you do already.
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Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-06-2009, 07:51 PM
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#18
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Well luckily it turned out okay ! I love our kayak . We can throw it in and go in inches of water plus it's easy to put in & out .
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01-06-2009, 08:28 PM
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#19
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
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An out of shape lawyer friend of ours in his mid 60's escaped from Katrina's flooding in his kayak. The water had gotten up to the second story of his house, so he just got in his kayak and paddled off.
He paddled several miles until he got to a freeway overpass where others had gathered. There, he rested and was finally rescued.
So, it's sort of a safety device - - like having a fire extinguisher in your kitchen, or a seat belt in your car.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-06-2009, 08:34 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,610
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