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Smart Shopper Questions About Private Sale Transactions
236 messages, Last post on Nov 20, 2009 at 5:18 PM
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Replying to: qbrozen (Jan 14, 2009 7:42 pm)
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Replying to: Mr_Shiftright (Jan 14, 2009 11:04 pm)
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Replying to: isellhondas (Jan 15, 2009 11:21 am) |
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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?
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Replying to: oldfarmer50 (Jan 23, 2009 3:57 pm) 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 |
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Replying to: oldfarmer50 (Jan 23, 2009 3:57 pm) 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. |
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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.. | |
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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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Replying to: kiawah (Feb 28, 2008 1:04 pm) In the past, when I paid off Honda Finance it took 2+ weeks to get the clean title to me. I heard a dealership will do it for you for a fee? |
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Replying to: aak1 (Apr 17, 2009 1:59 pm) Go to his bank with him and have him write a check to you and then you cash it, or have him write it out to cash, and he gets cash and gives it to you. Then you fork over the title, signed You only need a cashier's check when the two parties are not together at the bank. It's either cash deal or you take HIS cashier's check to his bank or Branch Office and verify that it's good. It's very hard, darn near impossible for a bank to refuse to pay a cashier's check, since it's already been paid for, UNLESS it is a counterfeit check or unless they made an error in issuing it. But if you SEE him buy it, there's no question about cashing it. So once it's verified as real, you're pretty safe. |
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