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Question about selling car
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07-09-2011, 10:48 AM | #1 |
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Question about selling car
Going thru some financial difficulties and might have to sell my car (hopefully not). Anyway I owe a balance of $18k and 3 years(Im just ballparking). Can I sell my car to an individual or do I have to sell it to a dealer? Id rather sell it to someone feeling I might get a little more $. Anyone do this in the past? Thanks...
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07-09-2011, 10:51 AM | #2 |
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of course u can sell to an individual...? put it up for sale what do you mean........... on here... cars.com, auto trader, craigslist etc.....ive sold 5 of my cars privately... its not bad
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07-09-2011, 10:53 AM | #3 |
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Im trying to sell my 325 right now. Im hopefully going to sell it private party but me having no experience doing this may just give it to carmax so I dont have to worry about meeting strangers.
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07-09-2011, 10:55 AM | #4 |
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You can sell it to whoever you want, It's a bit of a PITA for the buyer though
They / you have to pay the lein holder to get the lein released so they can then title register it in their name. Hope things get better |
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07-09-2011, 11:30 AM | #6 |
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I've sold a couple of cars and a bike via craigslist. A few things that I did in the process:
Do not give your home address to strangers. (nothing new I hope) Meet at a location where there are people around..target, walmart, strip mall etc. TAKE a friend with you If going the craigslist route you will get alot of low ballers, scam artists etc. Get their # and speak with them to get a feel before agreeing to meet. Also do not feel obligated that every buyer needs to drive the car. If you can sense they are not serious about the car then just give them a ride. (hopefully weeding out folks via phone conversations should leave serious buyers only) Good luck with the sale!
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07-09-2011, 11:31 AM | #7 | |
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Thanks, Chris |
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07-09-2011, 11:36 AM | #8 |
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As for the financial part I can't help you. But must be doable in the Us as well.
As for actually showing my cars, I usually let them come to my house where security isn't a big concern. Haven't had any problems selling my previous cars, and you do make some money selling to private parties. Usually, but not always, serious buyers call. It's pretty easy to have an educated guess is someone is serious when you talk to them. I love it when people travel distances to see my cars for sale. They are ready to take it for the listed price, or with small cuts on the price. |
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07-09-2011, 12:35 PM | #9 | |
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I would only answer ads that had that in line in the subject and it cut out 75% of the scammers and phishing schemes. a lot of the responses you get are bot generated looking for your email addy or profesional scammers trying to use palpal scams or certified check. |
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07-09-2011, 12:58 PM | #10 |
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I sold my car here. Craigslist was a big hit too. make sure to post several ads in different areas. had cars.com ad but got not calls from that. also carsforsale.com is free, but watch out for spam.
take good pictures and don't use Craigslist built-in service for photos, post htlm code to image link. Craigslist are very low resolution |
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07-09-2011, 03:01 PM | #12 |
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The best way to do this is to get the exact payoff of the car from the bank. When you sell the car create a bill of sale, have the buyer write a check to the bank for the payoff and a seperate check (cashiers checks) to you for the difference. That way they can be assured that they will get the title and you will not be stuck in the middle. If they finance through a bank the bank will do it this way anyway. There is no reason you need to go through a dealer to sell a car.
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07-10-2011, 02:29 PM | #13 | |
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