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Smart Shopper Questions About Private Sale Transactions
230 messages, Last post on Sep 28, 2009 at 8:28 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: kirstie_h (Jan 29, 2008 10:29 am)
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Replying to: cccompson (Jan 29, 2008 2:41 pm) |
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Replying to: kirstie_h (Jan 29, 2008 10:29 am)
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Hi, I am in process of buying a 2005 Scion TC from a private seller. When I ran the vin through carfax and autocheck, everything was clear except I noticed a couple of things missing. Normally any other cars show the manufacturer, body style, where or when it was built, etc info but this vehicle only shows that the make is Scion. And the very first part of record says that it was registered at 13,996 miles in 2006. Now I asked the seller about it and he said he bought the car from carmax in 2006 with 13,996 miles on it. But how come neither carfax nor autocheck show any history before that? Has anyone had similar experience or know if this sounds fishy? Thank you for your time
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Replying to: cheesynoodles (Feb 08, 2008 1:11 pm) In any event, my two cents would be to steer clear of any three year old car that's had two (or more) owners. |
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Replying to: cheesynoodles (Feb 08, 2008 1:11 pm) |
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Well, maybe not so weird but a little unusual. I have a 2004 A4 listed in AutoTrader...a 19 year old from OC came to see it (seems like a real, good, trustworthy kid). Loves car, however the problem is that he totaled his old A4 and has about 8K in aftermarket parts on old car (which is sitting, wrecked, in his driveway)...insurance won't pay him until he turns over old car, but he needs my car to swap out parts. for example, he has a short shifter. he wants to swap out mine for his, so that when the insurance company picks it up, the car won't be missing any parts. So, basically, I have to give him the car which he'll then take to his aftermarket shop...they swap out parts, then gets check from farmers insurance and gives me check. How, if possible, do i protect myself? A letter or agreement signed by both of us? A decent deposit? BTW, I'm not dying to get rid of the car...but he's the first offer i've gotten in 7 months! Thanks in advance. |
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Replying to: manku (Feb 09, 2008 8:58 am) The kid should settle with the insurance company and buy his car back from them if he wants to take stuff off of it. |
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Replying to: manku (Feb 09, 2008 8:58 am) Even if the young man is a real good and trustworthy kid, he is putting you into the position of lender and you're taking a risk. Neither you nor he have any guarantee that he will get the necessary funds from his insurance company. I would not lend money to a perfect stranger. He needs to borrow the funds from a third party and settle with you for cash. tidester, host SUVs and Smart Shopper |
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Replying to: manku (Feb 09, 2008 8:58 am) |
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