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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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#7 of 236
Question about selling my car by mustangfan23
Jan 06, 2007 (9:58 am)
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I believe that any car sold must have a proper working air-bag. The dealership I work at we were in the same situation with an aftermarket steering wheel... The car cannot be sold without one. I'm not totally sure if that is just a law for dealerships to abide by, but I think that it would apply to everyone--despite a disclaimer. Hope that helps a little. Good luck!
#9 of 236
value by poorbuyinewbie
Jan 25, 2007 (12:56 pm)
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Thanks. I guess I am nervous about how to sell a car privately. How do you coordinate payment, and I would need to buy a new car, before I could let go of the one I drive. I know it sounds dumb, but how does all of this work?
 
Thanks!
#10 of 236
Re: value [poorbuyinewbie] by jipster
Jan 25, 2007 (7:16 pm)
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Replying to: poorbuyinewbie (Jan 25, 2007 12:56 pm)

Usually I'll ask for a certified check(or cash) from the buyer and then sign over the title and buyer/seller purchasers form if notarized. Or, make it simple and meet the buyer at the County Clerks office to transfer title. Make sure you receive payment in full before signing over your title though.
 
I would be ready with an attractive ad to the local newspaper and Bargain Mart the day you buy your new car. On a nice Prism such as yours, it should sell within a couple weeks if priced accordingly. I believe most insurers will extend coverage for a month on your old car at no charge, after buying and putting coverage on your new car. Good luck!
#11 of 236
Re: value [poorbuyinewbie] by cccompson
Jan 30, 2007 (2:16 pm)
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Replying to: poorbuyinewbie (Jan 25, 2007 12:56 pm)

Not to be flip but you simply coordinate things as best you can. My son recently went through this. Because of schedules, he ended up selling his old car on Wednesday and was without wheels until he picked up the replacement on Saturday.
 
As I understand your situation, you need to sell before you buy. Given your Prism ownership, you could make a deal on a new ride, put your Prism in the local paper or on craigslist, and then get the new one. Price your car aggressively and it will sell quickly. Don't and might sit on it.
 
My son used craigslist and sold his car in a bit over 2 hours. Granted, it was a popular model for cheap but, still, I was astonished at the results the ad produced.
 
There is LOTS of fake checks floating around and I would not now accept one from a buyer unless the deal was concluded at the issuing bank where I could verify it immediately.
#12 of 236
Need advice on Introductory Luxury car purchase by rdhing
Feb 08, 2007 (9:28 pm)
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Hello, I am very much lost and can't decide on which Intro. Luxury car I want to purchase. However, I do know what I am looking for and below is my list:
 
1) GPS
2) Mobile Link
3) Entertainment system to watch DVD
4) Audio unit should be able to play MP3s
5) Premium sound
 
Once I get few names of cars then I can narrow down based on ranking, performance, TCO, etc. However, the above list is the something which I require if I am getting into Luxury car. My budget is about 25 - 35 k and I would prefer to shop for a 2006 model rather than 2007. I live in the Dallas area.
 
Any advise would be appreciated.
#13 of 236
Re: Need advice on Introductory Luxury car purchase [rdhing] by kirstie_h HOST
Feb 09, 2007 (9:37 am)
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Replying to: rdhing (Feb 08, 2007 9:28 pm)

Hi rdhing,
This probably isn't the best discussion for you to post in to get feedback. Try starting in our Entry-level Luxury Performance Sedans discussion first.
#14 of 236
Re: value [poorbuyinewbie] by camarra
Feb 23, 2007 (3:46 am)
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Replying to: poorbuyinewbie (Jan 25, 2007 12:56 pm)

Hi - I know this message comes late but I hope not too late for someone else to learn my lesson!
 
I advertised my old car for sale, not realizing it would sell as quickly as it did. I ended up having to rent a car for a month and a half while my new car (a 5-speed CRV) was on order. If I had not had specific tastes in my new car I probably would have been in a better situation. I figured that the $500 a month it cost me to rent the car was about what I would have been paying during that time as car payments anyway.
 
When I sold the old car, I had the people who came to look at it meet me at my workplace to test drive it, and all the paperwork for the sale was done there, so that I felt comfortable that I wouldn't be alone with them (I'm a woman) or in any kind of danger. I ended up having to deliver the car to them and having them drive me home, but by that time I was comfortable that the guy wasn't an axe murderer and had met their family and had check in hand!
#15 of 236
Re: value [camarra] by jipster
Feb 23, 2007 (6:26 am)
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Replying to: camarra (Feb 23, 2007 3:46 am)

Agreed... those axe murderers can be a pain in the neck.
#16 of 236
Re: value [jipster] by oldfarmer50
Mar 03, 2007 (6:57 am)
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Replying to: jipster (Feb 23, 2007 6:26 am)

...those axe murderers can be a pain in the neck...
 
I hear they are real grinders.
 
Speaking of grinders. When I sold my old Toyoda pickup it was such a POS that I just wanted to be rid of it. I asked $200 (the tires were worth more than that). A guy comes, looks it over real good, then says..."will you take $175?"
 
Another time I sold a car to a young kid who wanted me to leave my inspection and registration stickers AND my license plates on the car until he had enough money to get his own.

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