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Questions About Private Sale Transactions

299 messages,  Last post on Feb 15, 2013 at 5:07 PM

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What is this discussion about? Car Buying, Car Selling, Car Values

Messages Page 1 of 30

#1 of 299 Question about selling my car by oray777

Jan 03, 2007 (8:52 pm)

I have a question about my car and hope you might be able to help me. I'm going to sell my car very soon. My concern is the airbag system is not working and i don't have time to fix it but the seat restraints work fine. I'm just worried if the person i sold the car too might get into an accident and then maybe i could be liable because it wasn't working. I will be selling the car As-Is but not quite sure if that will be keep me from liability should anything happen after purchase of car. Could you tell me if there could be any problem and what can i do to protect myself from a lawsuit or who to contact about this matter. Thankyou.

#2 of 299 Re: Question about selling my car [oray777] by akirby

Jan 04, 2007 (7:22 am)

Replying to: oray777 (Jan 03, 2007 8:52 pm)
Simple - either write on the receipt clearly that the airbag system isn't working and have the buyer sign it or have them sign a separate form acknowledging that the airbag isn't working. I would also attach a sign to the steering wheel saying the airbag isn't working and take a picture of it. As long as you can prove they were notified that it wasn't working at the time of purchase you should be covered.
 
(disclaimer - I'm not a lawyer but I do watch Judge Judy twice a day)

#3 of 299 Re: Question about selling my car [oray777] by tayl0rd

Jan 04, 2007 (9:02 am)

Replying to: oray777 (Jan 03, 2007 8:52 pm)
How do you know the airbag isn't working? The dash light? If that's the case, the buyer can see the light just as well as you can. I'm sure he/she saw it on the test drive. If he/she still decided to buy it knowing the airbag wasn't working, then it's on him/her.

#4 of 299 Re: Question about selling my car [akirby] by mschmal

Jan 04, 2007 (12:31 pm)

Replying to: akirby (Jan 04, 2007 7:22 am)
Akirby, where is your license to practice law?
 
You just gave legal advice and only assume it to be true.
 
Hope you don't get fined.
 
Mark.

#5 of 299 Re: Question about selling my car [mschmal] by akirby

Jan 04, 2007 (12:46 pm)

Replying to: mschmal (Jan 04, 2007 12:31 pm)
Didn't you read my disclaimer?

#6 of 299 Re: Question about selling my car [akirby] by oray777

Jan 04, 2007 (4:31 pm)

Replying to: akirby (Jan 04, 2007 7:22 am)
Yeah is was going to have them sign an agreement acknowledging that the airbag system is not working properly. Do you know what lawyer i should discuss this with just to make sure it will cover me? I will be selling car As-Is in the advertisement. Thanks.

#7 of 299 Question about selling my car by mustangfan23

Jan 06, 2007 (10:58 am)

I believe that any car sold must have a proper working air-bag. The dealership I work at we were in the same situation with an aftermarket steering wheel... The car cannot be sold without one. I'm not totally sure if that is just a law for dealerships to abide by, but I think that it would apply to everyone--despite a disclaimer. Hope that helps a little. Good luck!

#9 of 299 value by poorbuyinewbie

Jan 25, 2007 (1:56 pm)

Thanks. I guess I am nervous about how to sell a car privately. How do you coordinate payment, and I would need to buy a new car, before I could let go of the one I drive. I know it sounds dumb, but how does all of this work?
 
Thanks!

#10 of 299 Re: value [poorbuyinewbie] by jipster

Jan 25, 2007 (8:16 pm)

Replying to: poorbuyinewbie (Jan 25, 2007 1:56 pm)
Usually I'll ask for a certified check(or cash) from the buyer and then sign over the title and buyer/seller purchasers form if notarized. Or, make it simple and meet the buyer at the County Clerks office to transfer title. Make sure you receive payment in full before signing over your title though.
 
I would be ready with an attractive ad to the local newspaper and Bargain Mart the day you buy your new car. On a nice Prism such as yours, it should sell within a couple weeks if priced accordingly. I believe most insurers will extend coverage for a month on your old car at no charge, after buying and putting coverage on your new car. Good luck!

Messages Page 1 of 30

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