Simple steps I've been following in buying used vehicle 1. Pay only token advance under ₹1000-5000 max , take photocopy of RC docs and inspect the vehicle. 2. Set up a date, meet at nearest RTO where vehicle will registered to new owner. Sign Form 29, Form 30 with an agent from old owner, get 1 key, submit the RC directly to RTO. Pay rest only on the spot IMPS or RTGS or Cash to the owner. Leave with the bike/car. 3. Once RTO is transferred after 15-30 days, collect 2nd key giving copy of transferred RC card to old owner. Deal done.
Scammer gets scammed you're also selling 3-5 year old bikes only a lakh or two lesser than the new ones you're also making easy 2lakhs profit of someone else's hard earned money and calling it your hard earned money bloody bastard
@@shahfaisal3578bro were you born yesterday? If the seller and buyer agree on the price and the buyer gets the product it’s not a scam. Even if the product is sold at 3x the original price. Dealers may charge a premium based on their reputation. You can choose to buy from them or not. It’s not a scam to charge a premium on your services.
@@shahfaisal3578 He is running a business and taking the risk and buying the motorcycle how is he a scammer according to you? Anyone can buy a bike and sell it to anyone for a profit. They are making a living out of this business and you are calling him a scammer.
farhan is a gentleman i bought mojo whenever i go there for service this guy helps no bullshit person very simple person don't worry bro 🎉 u will win no matter what scammers do
It's painful to see you in such a big loss, but I applaud you for talking the initiative to make everyone aware ! I hope you get your money recovered and the scammers go to jail.
No offense, by mr.farhan, how can you make a payment to the non owner of the vehicle ? You are a reputed dealer. How did you find it sense to make payment to the person whose name is not in the RC card as the owner of the vehicle ?
He was too good at it. He convinced me that he's invested on the vehicle which is why payment is to be done to him. He apparently lured Mr. X that he'll get him a good price so Mr.X was ok with me negotiating and making the payment to the scammer. In used vehicle industry there are investors of used vehicles just like myself and The vehicles are parked at used car or bike showrooms. But in this case it was it was at registered owner's house
6:50 sorry totally your mistake. Despite being the dealer, you made the transaction to a party relying just on words. You can't hold anything against Mr. X
I don't deny my mistake. But that's how he tricked us. He convinced me that he had invested on the bike. And he apparently convinced Mr. X that he'll get him a good price so he wanted me to negotiate and pay the scammer.
Thank you for sharing your bad experience. This will benefit lot of people. Also sorry for your loss. May God provide you with three folds of your loss.
@@farhankhan_rr Kindness is not applicable to the world of the masses. I wish you the best to trace that mfkr and get your money back. The feeling of losing money, I just simply cannot explain as I've lost to some but learnt lessons everytime. Your sum was a large one. But you'll win it back big in any way soon.
This doesn't sound right. ❌️❌️ Why would a seasoned dealer make the entire payment without receiving the NOC of the said motorcycle? I have sold my HD883 and i got the NOC, then got my name removed from the RC of the vehicle. All this while the vehicle remained with me. The buyer had paid an advance of 50k. So the risk was mitigated. If he wouldn't pay me the balance money, i wouldn't give him the bike, and the 50k would pay for my troubles (RC agent, NOC & re-reg charges). If i wouldn't give him the bike and the money, then the buyer would only stand to lose 50k. And this 50k was paid via RTGS. So, in case of a dispute, the buyer could file a case against me. It is as simple as that.
Thank you so much Farhan.. Excellent information on how even the seasoned ones get conned... I hope you recover the amount, if not, I hope you'll get the strength to move on.. peace of mind and business over anything... 😢
This is really bad Farhan Bro. He will suffer a lot for sure. Please be patient and hope to get it back. Mr. X be a responsible person and share the loss.
Never make the payment to third party .. only make the payment to vehicle owner .. not with any one else .. these things are happening in land sales too ... Land doc are mr a but they will say to make payment to Mr b and doc wil be transfer to ur name from mr a to u.. it's everywhere .
Sorry to hear about your loss. I hope you get your money back. As a seller, I take full payment, buyer's KYC, and 100 Rs agreement before handing over the vehicle and its liability to the buyer. As a buyer, I instantly take the sale letter, KYC, original RC, and vehicle custody at the time of payment. We can do RC transfer by ourself later, need not be immediate. So far it is working ... but you never know how long and what will hit ...
Never transfer the money to 3rd Party mr x seems ro be a greedy person. I hope you get your money back. Banda mile to kone mai leke dedo silencers ka chatka. Thanks for sharing your story.
Sorry to hear this bro, never thought something like this would happen with you. Hope you recover the money. It's been a while, but I took mojo (white one) from you (through sarath shenoy), when you were working with alfa motors Domlur and was there for the inauguration when you opened NAFS. Have been following you through facebook and youtube now and happy to see you grow. Really really hope you recover the money.
Hi Farhan, I can understand the pain if not fully, I got cheated too, only difference is I have the bike but it is not 100 fit, partly my mistake as I blindly trusted some person just out of humanity. Don't worry, karma will hit back. take this pill as an experience, i am sure u will recover this money if not directly from him. Good luck
Great analysis, thank you! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
You are the fool, to send money to person who does not have the bike and he is just a mediator between two parties, such deals need to be done after you meet the dealer. You doing all this basis on a phone clearly shows that money does not buy you brains and you are a prime example of it. By narrating this story to us, you are officially making a complete fool out of yourself apart from you creating awareness. Lessons learnt. Hope this will help you to do deals after you meet people than on calls, regardless whatever objection handling is done by the scammer on call to convince you and pay the amount.
Really appreciate your efforts man may god give you a lot of wealth.. inshallah if possible I'll buy my first ever superbike from you only..hope i see you soon😊
The esense of trust is what elevates motorcycling enthusiasm. Such scams, greed for money breaks people's trust, friendships trust and gives option to start looking everything in a doubtful manner. It's really hard that u have been through but your pure intention to take it to Society and make them aware is what that reflects value of trust and empowerment. I have been following for a long time. In Sha Allah all hardship shall smooth down as He the almighty is the All JUST.
One solution to avoid future issues would be to do some paperwork before payment like spinny etc do. They get sign on everything incl. bank details in which transfer is to be made. This way the seller is responsible if they give the wrong account details or in your case ask to transfer in 3rd person account and then backout.
@farhankhan_rr Companies like spinny, they transfer the monies only to the registered owners after taking their identity documents and cancelled cheque copy to ensure vehicle, person, and account are all same name. I'm sure in your industry that's now how things work, but it's an added line of safety for you guys even if it means you might lose some business initially. If all dealers start doing this, it'll eventually become a norm. I've been to your business premise and my friends have bought motorcycles from you, all happy customers, so I'm sure you've done your bit of karma ! Thank you for making this video, for the benefit of all. I hope you recover something, as a closure to this saga!
I stopper watching this video coz it wasted my 2:30+ mins just talking useless things over and over. Brother one advice for you: don't waste others time and please try to come to the point directly.
@ 100% true, and with this new scam which is happen with you gave us more added security and awareness, Hope u will get justice soon. Because police are biggest supporters of this types of scammers
Mujhe Lagta tha ki agar kisi ke bank account me money transfer kar rahe hai to bank se FIR ke throwing complain karenge to paisa wapas a jata hoga agar FIR hai to ,bank to sab kar sakta hai Pata nai par mai galat bhi jo sakta hun
Farhan if you're dealing in such situations in the future make sure that you take things down on your letterhead with all relevant details of the deal & involved owner signs & acknowledges it so that the potential loophole is patched.
Simple steps I've been following in buying used vehicle
1. Pay only token advance under ₹1000-5000 max , take photocopy of RC docs and inspect the vehicle.
2. Set up a date, meet at nearest RTO where vehicle will registered to new owner. Sign Form 29, Form 30 with an agent from old owner, get 1 key, submit the RC directly to RTO. Pay rest only on the spot IMPS or RTGS or Cash to the owner. Leave with the bike/car.
3. Once RTO is transferred after 15-30 days, collect 2nd key giving copy of transferred RC card to old owner. Deal done.
99% of us won't understand how much he loss
Because none of us ever had 6lakhs ₹ in our account
Mr. X, if you're reading my comment, be fair and split the loss.
That's what I'm fighting for.
Why the fuck will he give you
Scammer gets scammed you're also selling 3-5 year old bikes only a lakh or two lesser than the new ones you're also making easy 2lakhs profit of someone else's hard earned money and calling it your hard earned money bloody bastard
@@shahfaisal3578bro were you born yesterday? If the seller and buyer agree on the price and the buyer gets the product it’s not a scam. Even if the product is sold at 3x the original price. Dealers may charge a premium based on their reputation. You can choose to buy from them or not. It’s not a scam to charge a premium on your services.
@@shahfaisal3578 He is running a business and taking the risk and buying the motorcycle how is he a scammer according to you?
Anyone can buy a bike and sell it to anyone for a profit. They are making a living out of this business and you are calling him a scammer.
Thank you Farhan for educating the community about the grey area of used motor cycles
farhan is a gentleman i bought mojo whenever i go there for service this guy helps no bullshit person very simple person
don't worry bro 🎉 u will win no matter what scammers do
Thanks for your kind words bro.❤
It's painful to see you in such a big loss, but I applaud you for talking the initiative to make everyone aware ! I hope you get your money recovered and the scammers go to jail.
Lesson learnt : Any high value item should be done in person and only after proper verification
No offense, by mr.farhan, how can you make a payment to the non owner of the vehicle ? You are a reputed dealer. How did you find it sense to make payment to the person whose name is not in the RC card as the owner of the vehicle ?
He was too good at it. He convinced me that he's invested on the vehicle which is why payment is to be done to him. He apparently lured Mr. X that he'll get him a good price so Mr.X was ok with me negotiating and making the payment to the scammer.
In used vehicle industry there are investors of used vehicles just like myself and The vehicles are parked at used car or bike showrooms. But in this case it was it was at registered owner's house
6:50 sorry totally your mistake. Despite being the dealer, you made the transaction to a party relying just on words. You can't hold anything against Mr. X
I don't deny my mistake. But that's how he tricked us. He convinced me that he had invested on the bike. And he apparently convinced Mr. X that he'll get him a good price so he wanted me to negotiate and pay the scammer.
Thank you for sharing your bad experience. This will benefit lot of people. Also sorry for your loss. May God provide you with three folds of your loss.
Punjab, UP, MP etc. phone numbers ... just enough to take a step back.
Learnt hard way
@@farhankhan_rr Kindness is not applicable to the world of the masses. I wish you the best to trace that mfkr and get your money back. The feeling of losing money, I just simply cannot explain as I've lost to some but learnt lessons everytime. Your sum was a large one. But you'll win it back big in any way soon.
i agree and i hope the law and police will put in jail Mr Shumanbunda + recovers the money.
Sorry you had to go through this Farhan. As a former customer of yours I know you’re a genuine guy. I do hope you get your money back.
This doesn't sound right.
❌️❌️
Why would a seasoned dealer make the entire payment without receiving the NOC of the said motorcycle?
I have sold my HD883 and i got the NOC, then got my name removed from the RC of the vehicle. All this while the vehicle remained with me. The buyer had paid an advance of 50k. So the risk was mitigated.
If he wouldn't pay me the balance money, i wouldn't give him the bike, and the 50k would pay for my troubles (RC agent, NOC & re-reg charges). If i wouldn't give him the bike and the money, then the buyer would only stand to lose 50k. And this 50k was paid via RTGS. So, in case of a dispute, the buyer could file a case against me.
It is as simple as that.
Don't worry brother. I pray that you'll get ur money . Take care bro
MrX's Greed made you to loose money . 😢
Thank you so much Farhan.. Excellent information on how even the seasoned ones get conned... I hope you recover the amount, if not, I hope you'll get the strength to move on.. peace of mind and business over anything... 😢
This is really bad Farhan Bro. He will suffer a lot for sure. Please be patient and hope to get it back. Mr. X be a responsible person and share the loss.
Thanks bro. Yes he should!
Never make the payment to third party .. only make the payment to vehicle owner .. not with any one else .. these things are happening in land sales too ... Land doc are mr a but they will say to make payment to Mr b and doc wil be transfer to ur name from mr a to u.. it's everywhere .
Thanks for doing your part 🙏
I can’t believe that I’m hearing this from a dealer, I hope you get back your money. We are with you brother 🙌❤️
Thanks brother.
Sorry to hear about your loss. I hope you get your money back. As a seller, I take full payment, buyer's KYC, and 100 Rs agreement before handing over the vehicle and its liability to the buyer. As a buyer, I instantly take the sale letter, KYC, original RC, and vehicle custody at the time of payment. We can do RC transfer by ourself later, need not be immediate. So far it is working ... but you never know how long and what will hit ...
Brother the RC card was in my staff's hand when we made the payment. We have the kyc of Mr. X aswell.
Never transfer the money to 3rd Party mr x seems ro be a greedy person. I hope you get your money back. Banda mile to kone mai leke dedo silencers ka chatka. Thanks for sharing your story.
Sorry to hear this bro, never thought something like this would happen with you. Hope you recover the money. It's been a while, but I took mojo (white one) from you (through sarath shenoy), when you were working with alfa motors Domlur and was there for the inauguration when you opened NAFS. Have been following you through facebook and youtube now and happy to see you grow. Really really hope you recover the money.
Hi Farhan, I can understand the pain if not fully, I got cheated too, only difference is I have the bike but it is not 100 fit, partly my mistake as I blindly trusted some person just out of humanity. Don't worry, karma will hit back. take this pill as an experience, i am sure u will recover this money if not directly from him. Good luck
Appreciate the support. Thank you.
Great analysis, thank you! Just a quick off-topic question: My OKX wallet holds some USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). How can I transfer them to Binance?
You are the fool, to send money to person who does not have the bike and he is just a mediator between two parties, such deals need to be done after you meet the dealer. You doing all this basis on a phone clearly shows that money does not buy you brains and you are a prime example of it. By narrating this story to us, you are officially making a complete fool out of yourself apart from you creating awareness. Lessons learnt. Hope this will help you to do deals after you meet people than on calls, regardless whatever objection handling is done by the scammer on call to convince you and pay the amount.
Really appreciate your efforts man may god give you a lot of wealth.. inshallah if possible I'll buy my first ever superbike from you only..hope i see you soon😊
In sha Allah. Thanks bro.
The esense of trust is what elevates motorcycling enthusiasm. Such scams, greed for money breaks people's trust, friendships trust and gives option to start looking everything in a doubtful manner. It's really hard that u have been through but your pure intention to take it to Society and make them aware is what that reflects value of trust and empowerment. I have been following for a long time. In Sha Allah all hardship shall smooth down as He the almighty is the All JUST.
In sha Allah. Jazakallah for the support.❤
U need adhar / pan to get sim .Also to open account in bank u need pan as part of kyc . It can be tracked
Dont worry, what is yours will always come to you. That is just the way it is.
Stay positive.
Pretty common scam, joys bike point kolkata who is also a dealer in used motorcycle also faced the same scam.
Yup heard of it
Take it easy bro, forget this and move on … but learn from it, am sure you will !
Thank you bhai remember with every pain comes ease imagine you doing above 10 gk deal and getting scammed and now you know what to do …..
Mr x Said that scammer is his friend, so Mr x is responsible for this. Reveal Mr x identity if he don’t give your money back
Have an on going case going on bro.
Its not just mr x greed but ur greed too which made u ignore all red flags, i know u would have thought 6lac for 10lac bike us 4lac on ur povket.
One solution to avoid future issues would be to do some paperwork before payment like spinny etc do. They get sign on everything incl. bank details in which transfer is to be made. This way the seller is responsible if they give the wrong account details or in your case ask to transfer in 3rd person account and then backout.
Yup will keep this in mind. Thank you
@farhankhan_rr Companies like spinny, they transfer the monies only to the registered owners after taking their identity documents and cancelled cheque copy to ensure vehicle, person, and account are all same name. I'm sure in your industry that's now how things work, but it's an added line of safety for you guys even if it means you might lose some business initially. If all dealers start doing this, it'll eventually become a norm.
I've been to your business premise and my friends have bought motorcycles from you, all happy customers, so I'm sure you've done your bit of karma !
Thank you for making this video, for the benefit of all.
I hope you recover something, as a closure to this saga!
Hello. Never transfer money to an account who is not the owner of vehicle on rc book.
The same kind of scam happened with some tech youtubers in telugu states . they were selling the devices which they got to make review videos
I stopper watching this video coz it wasted my 2:30+ mins just talking useless things over and over. Brother one advice for you: don't waste others time and please try to come to the point directly.
Heard similar story, 3 months back on reddit
Don't worry Brother Allah With You Be Strong
Thanks for the support bro.❤
Olx pe sab bikta hai 😂
Totally olx has become the adda for scammers. Hardly any sales actually happen through olx.
@ 100% true, and with this new scam which is happen with you gave us more added security and awareness,
Hope u will get justice soon. Because police are biggest supporters of this types of scammers
Police can get hold of these guys
My prayers are for you to recover your hard-earned money back sooner.
Thanks for support and prayers.❤
Not stereotyping anyone, but that accent gave me the alarm bells ..... We in the South are sitting ducks in front of these guys 🤦♂
He guy is from south?
@@_The_Phantomscammer is from Punjab, I lived in North for a while, so I know
STEP 1: Video record everything
Same thing happened with joys bike point Kolkata
You should have taken the bike & then paid the amount sitting on the bike with documents in your hand
Zakat, jaan ka Sathka
Mujhe Lagta tha ki agar kisi ke bank account me money transfer kar rahe hai to bank se FIR ke throwing complain karenge to paisa wapas a jata hoga agar FIR hai to ,bank to sab kar sakta hai
Pata nai par mai galat bhi jo sakta hun
I had the bank details in my FIR. But scammer has already transferred to different accounts.
You should make agreement and payment done to owner 😂 mr x screwed nicely 😂
Laalach buri bala hai.
😅😅
Farhan if you're dealing in such situations in the future make sure that you take things down on your letterhead with all relevant details of the deal & involved owner signs & acknowledges it so that the potential loophole is patched.
Deal in cash here after best
You should have taken the bike from mr x
Damn bro! 😢
Farhan bro, set a similar trap 🪤 and catch the Acquest.
Yup will try.