Author Topic: Want to buy a MiG on Ebay? (Read 262 times)

SFRT - Frenchy · « **Reply #15 on:** November 09, 2002, 10:49:21 PM »

Better have ur flight plan in order and being accurate when and where u will re-enter US airspace:D

ALF · « **Reply #16 on:** November 09, 2002, 11:55:46 PM »

Anyone with enough money to purchase and operate that plane should have the common sense to provide the 10k (or whatever), in the form of a letter of credit. This assures the seller of the money, while protecting the buyer from some scamming bozo. Its common practice when engaging in large transactions with those of questionable, or unknown history and/or legitimacy.

Unfortunately, I do talk to those every once in a while that have lots of money but no clue....ah well

SFRT - Frenchy · « **Reply #17 on:** November 09, 2002, 11:59:48 PM »

Isn't it what Proxy is for? A third party who keeps the money and make sure everythign is in order?

ALF · « **Reply #18 on:** November 10, 2002, 10:31:52 AM »

Has some of the same uses, but a letter of credit is form a bank that is regulated by federal laws and guidlines. A proxy may just be your cousin Sal, and with two parties with no for knowlege of each other, its can be challanging to get both to agree on a person or 3rd party as such very quickly (unless one of the parties is a moron.....but thats another thread)

SFRT - Frenchy · « **Reply #19 on:** November 10, 2002, 12:08:45 PM »

Good to know, ty Alf. (I'm a natural nice guy believer in the good of the human nature. I'm a target falling from even for crooks).