Sell computer now, get paid later

squelchy451

Member
Oct 20, 2010
101
0
0
Hi

I'm leaving my college in a week and one of my friend's friend bought it, except he has no money. He says he'll have the money by the end of August, which is when I return to my university.

It's a hassle to store the big desktop at my friend's dorm during the summer. The buyer agreed to pay when he has the money if I ship the computer to him right now. My problem is that I don't exactly know this guy and this financial agreement is kind of shady. Is there a way to keep the transaction the way it is (I ship first, he gives me money as soon as he gets it) but give me some financial security in case he's decides to cut me short from my deal?

Thanks!
 

pcgeek11

Lifer
Jun 12, 2005
22,100
4,886
136
Hi

I'm leaving my college in a week and one of my friend's friend bought it, except he has no money. He says he'll have the money by the end of August, which is when I return to my university.

It's a hassle to store the big desktop at my friend's dorm during the summer. The buyer agreed to pay when he has the money if I ship the computer to him right now. My problem is that I don't exactly know this guy and this financial agreement is kind of shady. Is there a way to keep the transaction the way it is (I ship first, he gives me money as soon as he gets it) but give me some financial security in case he's decides to cut me short from my deal?

Thanks!

You answered your own question in the bold above.

I'll give you a hint: NO! Keep the PC until you see the cash in your hand. Giving him the PC without payment is a fools deal. It may be a hassle to store, but ask yourself: How big of a hassle is it to give it away and not get paid?

No Tickie, No Laundry.
 
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dawp

Lifer
Jul 2, 2005
11,347
2,709
136
Unless you're willing to take the chance, just look at it as a donation. If you get the money, fine, but don't bet on it. What would you do with the PC anyways?

I have enough spare parts that I really don't care if I get money from them or not. I have given away computers and parts in the past.
 
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xSauronx

Lifer
Jul 14, 2000
19,582
4
81
Hi

I'm leaving my college in a week and one of my friend's friend bought it, except he has no money. He says he'll have the money by the end of August, which is when I return to my university.

It's a hassle to store the big desktop at my friend's dorm during the summer. The buyer agreed to pay when he has the money if I ship the computer to him right now. My problem is that I don't exactly know this guy and this financial agreement is kind of shady. Is there a way to keep the transaction the way it is (I ship first, he gives me money as soon as he gets it) but give me some financial security in case he's decides to cut me short from my deal?

Thanks!

proof that college education isnt worth very much. theres no way this is a good idea.
 

squelchy451

Member
Oct 20, 2010
101
0
0
proof that college education isnt worth very much. theres no way this is a good idea.

Hahaha well I thought maybe some ppl at this forum knew a way to do this....of course I'm not gonna ship first and expect to be paid later...I guess I'll just store it here
 

Merad

Platinum Member
May 31, 2010
2,586
19
81
Is there a way to keep the transaction the way it is (I ship first, he gives me money as soon as he gets it) but give me some financial security in case he's decides to cut me short from my deal?

The best you could do is make them sign something agreeing to the amount they're going to pay and when it will be paid by, then sue them in small claims court if they fail to meet the agreement.

I hope you realize that isn't much in the way of "financial security".
 

DominionSeraph

Diamond Member
Jul 22, 2009
8,386
32
91
Bad idea. People don't want to pay for something after it's been in their possession a while. They've gotten free use of it for this long so they expect free use to continue. And now it's even more "used", so of course they don't feel it's even worth what you originally agreed upon.
"FOAF" puts it in the "hell no" category, unless it's a friend you really don't like. Can't really help but put him in the middle if even just a little if things go sour.

I'd only do it with collateral. Trade for something that I'd be ok with keeping for myself with the option that he could buy it back later.
 
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AyashiKaibutsu

Diamond Member
Jan 24, 2004
9,306
4
81
If you do it don't expect to ever get paid. Just consider it a gift and if you ever get some money from it you're lucky. Once he does get some money there's always going to be something he feels is more important to spend it on.
 

Bill Brasky

Diamond Member
May 18, 2006
4,324
1
0
If you give it to him now and he doesn't pay later, what's the chance you'll get the PC back in August?

Zero
 

xanis

Lifer
Sep 11, 2005
17,571
8
0
Your friend's friend didn't "buy" jack shit. If he wants the computer, tell him that he needs to pony up the cash for it, otherwise you'll be selling it to someone else.
 

ahenkel

Diamond Member
Jan 11, 2009
5,357
3
81
I'm all for trusting my friends, but friends of friends. Unless my friend is willing to cover it if his friend doesn't come through then I'd wait till he has cash in hand.