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Questions About Private Sale Transactions

236 messages,  Last post on Nov 20, 2009 at 5:18 PM

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What is this discussion about? Ford Mustang


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#194 of 236
Re: Bad Title [Mr_Shiftright] by cccompson
Jan 14, 2009 (6:28 pm)
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Replying to: Mr_Shiftright (Jan 13, 2009 5:46 pm)

Not that I necessarily disagree but I see ads from time to time that tout a "good title." Presumably, such a phrase means that it is not a salvage (or "rebuilt") title.
#195 of 236
Re: Bad Title [cccompson] by qbrozen
Jan 14, 2009 (7:42 pm)
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Replying to: cccompson (Jan 14, 2009 6:28 pm)

kind of getting off track ... I think ... but this brings up a bit of a pet peeve of mine.
 
When I see someone stating "clean title" or "clean carfax," it makes me think they are hiding something. If it has had no accidents, I'd say "no accidents." If it has had an accident that doesn't show up on carfax, that's when I'd say (if I were dishonest) "clean carfax." I'm not disclosing the accident, but I'm not telling a lie, either.
#196 of 236
Re: Bad Title [qbrozen] by Mr_Shiftright HOST
Jan 14, 2009 (11:04 pm)
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Replying to: qbrozen (Jan 14, 2009 7:42 pm)

CARFAX means little to me, since I know that a car could have had 3 or 4 accidents and they won't ever show up on CARFAX.
#197 of 236
Re: Bad Title [Mr_Shiftright] by isellhondas
Jan 15, 2009 (11:21 am)
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Replying to: Mr_Shiftright (Jan 14, 2009 11:04 pm)

That's true and the smallest parking lot ding can show up as an "ACCIDENT REPORTED!!"
#198 of 236
Re: Bad Title [isellhondas] by Mr_Shiftright HOST
Jan 15, 2009 (12:38 pm)
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Replying to: isellhondas (Jan 15, 2009 11:21 am)

CARFAX might be good to spot a salvage title sometimes. It's better than nothing but it's far from a guarantee of anything.
#199 of 236
Non-Refundable? by oldfarmer50
Jan 23, 2009 (3:57 pm)
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If a potential buyer gives you a deposit to hold a car until Wednesday and as of Saturday has not shown up is it fair to sell the car to someone else?
 
If the understanding was that the deposit was non-refundable, what would you do if the first buyer showed up later looking for the car?
#200 of 236
Re: Non-Refundable? [oldfarmer50] by steine13
Jan 23, 2009 (5:50 pm)
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Replying to: oldfarmer50 (Jan 23, 2009 3:57 pm)

"If a potential buyer gives you a deposit to hold a car until Wednesday and as of Saturday has not shown up is it fair to sell the car to someone else? "
 
Yes. It'd be nice on your part to call or email and offer one last chance, but there's a reason it's called a "deadline."
 
"If the understanding was that the deposit was non-refundable, what would you do if the first buyer showed up later looking for the car?"
 
Depends. If I got the same price from the next buyer, I'd refund the money; if I got $200 less, I'd refund the deposit - $200.
 
You provided a service: You kept the car of the market until at least Wednesday, and you have now way of knowing what that action cost you.
 
-Mathias
#201 of 236
Re: Non-Refundable? [oldfarmer50] by Mr_Shiftright HOST
Jan 23, 2009 (7:31 pm)
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Replying to: oldfarmer50 (Jan 23, 2009 3:57 pm)

You've taken the car off the market on behalf of the person who gave you the deposit. In these economic times, you'd be darn near crazy to let a real buyer with real money slip away.
 
As for the deposit itself, I'd just sell the car to someone else, if someone is ready to buy it, and send him his money back--unless you had to re-advertise the car right now, and have no buyer, and in that case the ad money should come out of the deposit.
#202 of 236
Either way.. by kyfdx HOST
Jan 24, 2009 (8:43 am)
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Don't keep the deposit.. It won't be worth the hassle.. Life is too short for that kind of grief..
#203 of 236
How to sell a car by aak1
Apr 17, 2009 (1:59 pm)
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I'm in CA.
 
I sell my car, we meet at his bank and he gets us a "cashier's check" infront of us and we do the signing. (title).
 
How do I know that the check is really good? I.e. we do the deal on Friday and on Monday he puts a stop payment on it?
 
My bank may then tell me weeks after that it hasn't cleared? What's the safest way to do it? Cash from the teller would be the safeway way, but then it's dangerous to travel with all of that cash to my bank. (plus the buyer knows I have 15K in cash on me....).

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