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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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#222 of 236 Re: Not actual mileage title [2kids3cats] by imidazol97 Aug 22, 2009 (5:41 pm)
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)
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. Replies to this message: fushigi (Aug 23, 2009 4:24 am)
#224 of 236 Re: Not actual mileage title [2kids3cats] by fushigi Aug 23, 2009 (4:24 am)
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)
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)
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)
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! Replies to this message: Mr_Shiftright (Sep 27, 2009 10:55 am) jwilliams2 (Sep 27, 2009 2:05 pm) cranberriesfan (Sep 28, 2009 8:28 am)
#228 of 236 Re: Buying another person's leased vehicle [cranberriesfan] by Mr_Shiftright HOST Sep 27, 2009 (10:55 am)
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. Replies to this message: jwilliams2 (Sep 27, 2009 2:05 pm) cranberriesfan (Sep 28, 2009 8:28 am)
#229 of 236 Re: Buying another person's leased vehicle [Mr_Shiftright] by jwilliams2 Sep 27, 2009 (2:05 pm)
Replying to: Mr_Shiftright (Sep 27, 2009 10:55 am) Good advice, but also check with the leasing company, as some will only sell the car to the actual leaseholder, dealer or auction. Replies to this message: cranberriesfan (Sep 28, 2009 8:28 am)
#230 of 236 Re: Buying another person's leased vehicle [jwilliams2] by cranberriesfan Sep 28, 2009 (8:28 am)
Replying to: jwilliams2 (Sep 27, 2009 2:05 pm) thanks for the thoughts on what to do! i am going to check on all of that.

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