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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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#219 of 236
Not actual mileage title by 2kids3cats
Aug 22, 2009 (11:48 am)
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1999 Ford Escort Wagon SE mileage 43,800. Did Carfax report. Says it was a rental for the last 9 years 6 months in Pennsylvania and the last reported mileage was 20,293 at emissions inspection.
 
sold 7/24/08 in PA mileage reported 31,585. Owner moved to Indiana and they issued Not actual mileage title on 8/19/08 at 33,494.
 
It looks very clean like it could be that mileage. Runs rough though. I am going to get a friend knowledgeable about cars to look at it. Owner had papers that she said were from previous owner. Said she had it tuned up a year ago and it didn't help.
 
Over 9 years seems a long time to be a rental. Any thoughts. Should I run?
#220 of 236
Re: Not actual mileage title [2kids3cats] by cccompson
Aug 22, 2009 (4:32 pm)
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Replying to: 2kids3cats (Aug 22, 2009 11:48 am)

Carfax records can be inaccurate and, given the value of the vehicle, I wouldn't be all that concerned by their history of the car.
 
Of far more concern would be the fact that the present owner has tried to get it running right and hasn't been able to do so.
#221 of 236
Re: Not actual mileage title [2kids3cats] by tidester HOST
Aug 22, 2009 (5:01 pm)
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Replying to: 2kids3cats (Aug 22, 2009 11:48 am)

Says it was a rental for the last 9 years 6 months in Pennsylvania...
 
I don't think I've ever seen a car more than two or three years old at ANY car rental agency. Anyone else?
 
tidester, host
SUVs and Smart Shopper
#222 of 236
Re: Not actual mileage title [2kids3cats] by imidazol97
Aug 22, 2009 (5:41 pm)
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Replying to: 2kids3cats (Aug 22, 2009 11:48 am)

>Over 9 years seems a long time to be a rental.
 
I'd run the other way on that one. It spent time sitting doing nothing?
#223 of 236
Re: Not actual mileage title [cccompson] by 2kids3cats
Aug 22, 2009 (6:58 pm)
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Replying to: cccompson (Aug 22, 2009 4:32 pm)

I saw the title. It said something about not actual mileage on it. The owner claimed not to know what that meant. Now I know that the state can classify the car as having wrong mileage. It sold anyway. Thanks for all the answers.
#224 of 236
Re: Not actual mileage title [2kids3cats] by fushigi
Aug 23, 2009 (4:24 am)
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Replying to: 2kids3cats (Aug 22, 2009 6:58 pm)

Did it express mileage in 6 digits (not including tenths of a mile)? It could have 143K miles on it; not 43K.
#225 of 236
Re: Not actual mileage title [2kids3cats] by Mr_Shiftright HOST
Aug 23, 2009 (11:02 am)
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Replying to: 2kids3cats (Aug 22, 2009 11:48 am)

I think the rental history is irrelevant for a car this old, and of limited value, and is only distracting your attention from the car. Just have the car inspected and let it speak for itself either yea or nay from your mechanic.
#226 of 236
Re: Not actual mileage title [tidester] by british_rover
Aug 23, 2009 (7:12 pm)
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Replying to: tidester (Aug 22, 2009 5:01 pm)

Rental company leases are usually six months to a year and unlimited mileage.
#227 of 236
Buying another person's leased vehicle by cranberriesfan
Sep 27, 2009 (10:40 am)
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Hi, I am buying a 08 VW Rabbit from a private seller who has been leasing the vehicle. I am not sure how the sale of this works. We have agreed on a price and I am supposed to meet the seller at the bank tomorrow, where my cashier's check will be verified and I will get a sales receipt and they will sign a release of liability to me.
Then I have to wait about a week until the leasing company sends the seller the "pink slip" (i am in california) and then i will get that from the seller, at which point i can reigster the vehicle in my name.
does that sound right? i have never purchased a car from someone who still had to pay off the leasing company.
will a sales receipt from the seller be sufficient and safe for me to hand over the payment in full?
i am wondering if anyone has done this before, or has any well-founded advice/experience with this type of transaction.
 
thanks in advance!
#228 of 236
Re: Buying another person's leased vehicle [cranberriesfan] by Mr_Shiftright HOST
Sep 27, 2009 (10:55 am)
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Replying to: cranberriesfan (Sep 27, 2009 10:40 am)

I think it would be better if you purchased the car directly from the leasing company and then just gave the leasor his profit (which I bet he's making). He might not mind this if you remind him that he may have to pay sales tax if he takes your money and buys the car from the leasing company directly---whereas if you buy it, then only you pay the sales tax. You two need to talk more about the best way to do this.
 
Also, it's wise to verify that he's the actual leaseholder.

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