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More NSX Fraud on EBAY??

Joined
30 October 2000
Messages
4,249
Location
Houston, TX
I just noticed this today! Before I went to work today, I saw this new NSX for sale on Ebay. It stated Dallas area, with no reserve! Since it's in my area, I payed special attention! Well, when I was at work, I saw that the auction ended? "The seller ended this listing early because the item is no longer available for sale."

Here's the old link:
http://cgi.ebay.com/ebaymotors/ws/eBayISAPI.dll?ViewItem&item=1834155919

Now, I see a new auction, the description is a little different(ie: interior, supercharger,etc.). Also, the big one, it's now located in LOS ANGELES, with a different username?? Also, the VIN #'s are the same on both auctions.

Here's the new item:
http://cgi.ebay.com/ebaymotors/ws/ebayISAPI.dll?ViewItem&item=1834380102&r=0&t=0

This is what I just noticed? It maybe legit, I just wanted potential NSX owners to proceed with caution!! ("CASH ONLY???") I smell fraud!!
Peace
Z
 
Oh yeah!!!

"Terms of Sale

Buyer pays cash with 48 hours of the bid closing. No shipment of the car until payment is received. Firm"


C'mon guys, doesn't this sound fishy? And people are bidding on it??

[This message has been edited by NSX FoYoAss (edited 04 June 2002).]
 
I came across this auction as well. It Should be easy enough to reveal if its legit or not. There are only a few dealers and even less installers for a supercharger. I would think most of these people pass through Prime. It seems someone here would have knowledge of a sale or install of a supercharger for a 2002 model. Anyone?
 
Yeah, I know what you mean, but the Supercharger option was on the first auction(ended). The new one doesn't say "supercharged?"
Man, what's up with all this BS?? I hope EBAY does something if this is infact a scam!!
Z
 
Gee, the first seller has only been registered since 05/31 and the second only registered today? Smells like the garbage outside a seafood restaurant!
So it lost a supercharger but gained a sound system? Also seems to have dropped the 3 miles somewhere along the way - maybe they drove it backwards?

------------------
Andrew Henderson
The NSX Model List Page

"We have long acknowledged that enthusiasm for things automotive is a sure
sign of emotional instability if not outright dementia"
- Brock Yates
 
Oh, yeah, almost forgot: The VIN number is bogus!!!!
The same VIN number appears in this Corvette Z06 auction posted by the first seller. Guess what? Yep, same VIN number, same Corvette Z06 listed by the second seller. I didn't bother looking further...
Ebay needs to clean up Ebay Motors real quick!

------------------
Andrew Henderson
The NSX Model List Page

"We have long acknowledged that enthusiasm for things automotive is a sure
sign of emotional instability if not outright dementia"
- Brock Yates
 
I just email EBAY

BTW, look at all these other auctions:
this is between both of the User Names...


Acura : Legend $5,800.00 27
Jun-08-02 13:29:27
Ferrari : F40 $100,000.00 -
Jun-10-02 16:53:29
Chevrolet : Corvette $20,100.00 7
Jun-08-02 17:05:16

Rolex Presidential $3,000.00 -
Jun-11-02 14:34:29
Acura : NSX $60,100.00 4
Jun-11-02 14:16:50
Chevrolet : Corvette $10,000.00 -
Jun-11-02 14:25:03
Dodge : Viper $10,000.00 1
Jun-11-02 16:06:03
Dodge : Viper $15,100.00 3
Jun-11-02 16:08:35
BMW : M-Series $7,000.00 1
Jun-11-02 16:14:58

Man, I hope this person gets charges press against them!!


[This message has been edited by NSX FoYoAss (edited 04 June 2002).]
 
That's not an NSX VIN. I don't think it's a Corvette VIN, either. (As I recall, the "2" in the first digit means it was built in Canada. Corvettes are all built in Bowling Green, Kentucky.) And it's not a new car VIN, either. (The "V" in the 10th digit means it's a 1997 model.)

EDIT - Corrected the position of the "V".

[This message has been edited by nsxtasy (edited 05 June 2002).]
 
My bad - the "V" is the 10th digit, not the 12th.

However, the first digit usually denotes the country of manufacture:

J - Japan
1 - United States
W - Germany

and, if I'm not mistaken, ...

2 - Canada.
 
I remember bidding on this NSX when it was in Dallas.

A 2002 with NO Reserve at $20,000. What a deal!!! Too bad it was cancelled :)

Aint like i truly believed it was a legitimate auction. Many obvious warning signs:

1. Seller has no feedback.
2. No pics???
3. No description.
4. Who supercharges a brand new exotic sportscar? That would just decrease its value in my opinion.
5. Cash only... Who has > $50,000 laying around? If you are one of those people, i would love to be your friend.
 
LOL, the one posted in Dallas has 3 miles and the repost in Los Angeles has 0 miles... And all NSX come with like 30~60 miles from factory testing... Who's he trying to kid???
 
The safest method is to ONLY bid on sellers with more than 50+ feedbacks. Always check their feedbacks to see what other items that have sold. See what other buyers had to say regarding the transaction. Look at any negative feedbacks but you know when people are lying when the seller has over 100+ positives and the buyer has about 10 feedbacks. Sometimes new buyers flake out of an auction and just posts a negative to make it look like it was the sellers fault. We all know better than that. Ebay is a great community. Let's keep it that way.
 
Originally posted by khuezee:
5. Cash only... Who has > $50,000 laying around? If you are one of those people, i would love to be your friend.

Most highline vehicles are paid for in cash, including the NSX.

I've said it over and over again. With VERY few exceptions, if you can't afford to pay cash for something, you can't afford it. Period. If you choose to finance a purchase to put your money to work for you elsewhere, that's fine, but I've seen way too many people over-extend themselves financially in their pursuit to have material possessions that they think somehow make them a different or more appealing person than if they didn't have them.

I'd applaud the person who lives in a small home and drives a simple car that is paid for over the person who lives in a mansion they can't afford to furnish and has a car payment they have to struggle to meet each month.

EDR
 
I'd applaud the person who lives in a small home and drives a simple car that is paid for over the person who lives in a mansion they can't afford to furnish and has a car payment they have to struggle to meet each month.

Nice of you to set the standards for everyone :p

To be honest, I wouldn't feel comfortable making a judgment on how someone spends their money. If the nice, humble, person with the paid for house and econo-car that you admire so much is miserable and feels unfulfilled, is that good?

Life is a one way trip and it's pretty short. The best thing you can do for yourself is to try to make yourself happy day to day.

Here in NYC, by your philosophy, you'd be looking at saving up around $400,000 before being able to purchase a modest house. Are you saying that unless you can save up the $400,000 you have no right buying one? If I have $60,000 and can afford the mortgage, I should deny myself for some reason?
 
Originally posted by spookyp:
Nice of you to set the standards for everyone :p

To be honest, I wouldn't feel comfortable making a judgment on how someone spends their money. If the nice, humble, person with the paid for house and econo-car that you admire so much is miserable and feels unfulfilled, is that good?

Life is a one way trip and it's pretty short. The best thing you can do for yourself is to try to make yourself happy day to day.

Here in NYC, by your philosophy, you'd be looking at saving up around $400,000 before being able to purchase a modest house. Are you saying that unless you can save up the $400,000 you have no right buying one? If I have $60,000 and can afford the mortgage, I should deny myself for some reason?


Some good points here. I agree with both of you on different parts of your argument. Speaking for my self I agree that one should always pay cash. Why put yourself at the mercy of compound interest, I believe Einstein said "the most powerful force in the universe". Pay cash is the best advice. If I lived in NYC and had 60 k to spend on a house this is what I would do, I would move out of NYC to upstate where 60k goes a lot further. I would then buy a house out right.
I would then find a part time job and live my life instead of work my life. What do you need a fancy house for anyway. Does it keep the rain out better than a less expensive one? Why struggle, buy only what you can afford. Buy less, work less, live more, that's my motto!
 
There have been numerous discussions about what one can and can't afford. Hang around the off-topic forum if you're interested in those.

Regarding how cars are sold by private parties, most sellers do receive the full amount in cash, even if the buyer is getting financing. The seller doesn't care whether the cash is coming from you or from your financial institution; he still receives cash in full at the time that the transaction is completed.
 
Originally posted by nsxtasy:
There have been numerous discussions about what one can and can't afford. Hang around the off-topic forum if you're interested in those.

Regarding how cars are sold by private parties, most sellers do receive the full amount in cash, even if the buyer is getting financing. The seller doesn't care whether the cash is coming from you or from your financial institution; he still receives cash in full at the time that the transaction is completed.


I just can't imagine walking around the airport with > $50,000 in a suitcase, traveling to another state to pick up a car. I would have to be crazy to do that, it would make me paranoid to the point of insanity. In any case, what ever happened to a simple cashier's check?
 
Originally posted by khuezee:

I just can't imagine walking around the airport with > $50,000 in a suitcase, traveling to another state to pick up a car. I would have to be crazy to do that, it would make me paranoid to the point of insanity. In any case, what ever happened to a simple cashier's check?

If you do decide to go traipsing through the airport with a Halliburton full of hundreds make darn sure that you can prove a legitimate source of the funds. IOW, you may need to prove that the money is not from illegal activities such as drug sales. Otherwise the money can be confiscated. You thought you were innocent until proven guilty? Silly boy.
As for cashier's checks: apparently they are not as reliable as they used to be. There are many cases of stolen/forged cashier's checks these days.
Best way to pay for a car if you are financing seems to be with programs like PeopleFirst.Com and their "blank check". You are pre-approved up to a certain figure. The check that they send you is blank - you negotiate the price with the seller and then fill in the amount of the check. Done.

Edited to correct brain faster than fingers errors.
------------------
Andrew Henderson
The NSX Model List Page

"We have long acknowledged that enthusiasm for things automotive is a sure
sign of emotional instability if not outright dementia"
- Brock Yates

[This message has been edited by lemansnsx (edited 06 June 2002).]
 
By "cash", I didn't mean currency.
rolleyes.gif
Usually a certified check or cashier's check is acceptable.
 
Originally posted by lemansnsx:

As for cashier's checks: apparently they are not as reliable as they used to be. There are many cases of stolen/forged cashier's checks these days.




Working as a contract for services vendor for Banks and Lending institutions I can assure you the number of forged cashier's checks has been on the rise for sometime. I would suggest great care with these guys. They look like the real thing, even up to encoding methods & holigrams that appear to be from a actual bank. Many can be made on your own computor. I believe their was a post several weeks back about a stolen Blk/Tan 96NSX from the AutoConnection in Montgomery ALA. with a forged check.

[This message has been edited by Tom Larkins (edited 06 June 2002).]
 
[
I've said it over and over again. With VERY few exceptions, if you can't afford to pay cash for something, you can't afford it. Period. ]

"Affording" something can also mean covering the debt service while your investment works for you.

Example:
Borrow money for cars and put your liquid funds into higher potential return investments. Years ago I borrowed for everything and lived on a line of credit at
11% for a year because I had everything pushed into a particular investment that was yeilding almost 3x that with manageable downside risk. Paid off the line and ran with my profits. Risky, sure, some but it beat the hell out of a savings account (4%) or in a box under the bed (0%-cash)

There is risk vs. return, of course, but your theory advocates a cash system, which means no leverage. Leverage works both ways, back to risk vs. return.

Point is if you never take risk and run on a cash system, you wont get very far, financially. I agree you should not consume well above limits, but borrowing money to make money is what capitalism is all about! If you do it poorly, you will lose, do it well your money works for you.

Speaking for me only, I have no intention of scrimping by so I can be debt free. Debt is your financial friend if managed properly.
(BTW, i have no credit card debt, etc. I lease all my cars to minimize cash down and write off the lease payments as biz expense, all my liquid funds are in things that are moderate on the risk but yield very nicely)

On the house comment, if you buy quality property, the lower down the more leveraged, the better return, and the higher tax write off. Again, leverage works the other way too, but you must make choices. Make the wrong ones and you lose.
Also, lets not confuse a consumption item (cars) with an investment item (property).
99% of cars depreciate rapidly while 90% of property appreciate normally slowly but predictably.


I guess it gets down to your personality profile; I cant imaging staying totally on the financial sidelines and living like a hermit because you feel like you have to pay cash for everything. No fun and more important, no potential rewards because you are not taking any risk.

The reality is life rewards risk takers, they dont tell the stories of those who always played it safe. The key is managing your risk position vis a vis the potential downside/rewards.
 
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