Things to know when selling a car?
Things to know when selling a car?
I'm thinking selling my 07 G35. Here is the specs:
- Mileage: 41,500
- Transmission: 5AT
- Color: Blue slate with black interior.
- Trim: journey with premium package (LCD, tilt driving column, and 10 Bose speakers)
- Wheels: sport 18" wheels with pretty new tires (only been ran for about 10,000 miles)
- Condition: very good with minor dings, scratches.
The car is 100% stock and never been raced/abused. How much do you think I can get in private sell?
If the buyer doesn't pay cash, what could be the safe payment? I'm thinking cashier check or money order can be a safe payment type for both of us. Is that true? Need some opinions from your experience here.
Thanks,
- Mileage: 41,500
- Transmission: 5AT
- Color: Blue slate with black interior.
- Trim: journey with premium package (LCD, tilt driving column, and 10 Bose speakers)
- Wheels: sport 18" wheels with pretty new tires (only been ran for about 10,000 miles)
- Condition: very good with minor dings, scratches.
The car is 100% stock and never been raced/abused. How much do you think I can get in private sell?
If the buyer doesn't pay cash, what could be the safe payment? I'm thinking cashier check or money order can be a safe payment type for both of us. Is that true? Need some opinions from your experience here.
Thanks,
Either check or cash. Don't bother with money order. Check autotrader and ebay around your area so you can see how much the car is going for. Then base your price around the amount you see. Hell even raise your price a little bit higher so if they want to haggle on the price you can lower it without really losing.
If you sell it locally you may be dealing w/ someone that gets it financed, if so then you'll get a check from the lending institution and possibly cash for the down payment. Be sure to go with them for the test drive. I'm sure there's other things you should do to protect yourself, maybe google 'Safeguards to selling a car"
On the test drive, just lead them into your local bank lot and ask if they liked the car. If so close the deal and walk with them into the bank to cash the check and hand them the keys
And hope they give you a ride home lol
And hope they give you a ride home lol
@goelomeri: I don't mind swapping to 17" plus some cash but since you are in NY and I am in MN I don't think that's going to work out.
Yes guys, I did search online. Opinions say even cashier checks and money orders can be forged so the best way is to wait for the bank to clear the fund (maybe a week). However, nobody is going to give you the money without taking the title right? How about money transfer? This is my first time selling a car with this high value so I need lots of opinions here.
I looked around and think I can get 18k-19k. Does it sound fair?
Yes guys, I did search online. Opinions say even cashier checks and money orders can be forged so the best way is to wait for the bank to clear the fund (maybe a week). However, nobody is going to give you the money without taking the title right? How about money transfer? This is my first time selling a car with this high value so I need lots of opinions here.
I looked around and think I can get 18k-19k. Does it sound fair?
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It is true that banks don't guarantee cashiers checks or money orders for deposit until they clear; even from their own bank branches; even when they were purchased with cash so that they know they have backing for the check!! They used to be good as cash, now they're treated just like any other check appparently.
So . . .When I have bought a car in that price range before, I had the seller come with me to my bank and I simply withdrew the cash and handed it to him right there in the bank. His bank was right across the street, so he went directly there and deposited the cash. If I had been that seller, I might have asked the buyer to follow me to my bank so that if anything did happen between the two banks, it wouldn't have been at my expense.
So . . .When I have bought a car in that price range before, I had the seller come with me to my bank and I simply withdrew the cash and handed it to him right there in the bank. His bank was right across the street, so he went directly there and deposited the cash. If I had been that seller, I might have asked the buyer to follow me to my bank so that if anything did happen between the two banks, it wouldn't have been at my expense.
....but he never said weather they were staggered or not.
the 08+ xS had non-staggered 18' sport wheels.
Edit- Its an 07 nvm. Only S or X Glws!
the 08+ xS had non-staggered 18' sport wheels.
Edit- Its an 07 nvm. Only S or X Glws!
If cash/local banks is not convenient to either party, consider having the buyer wire you the funds. I believe there are some small fees on both ends, but this is about as guaranteed as it gets.
Make sure you create a bill of sale indicating exactly what is sold (year, make, model, VIN, mileage), the sellers/buyer's names and dollar amount. Both parties should sign and get a copy. Probably a good idea to include "As is" somewhere in the language too.
Before test any test drives, ask to see their license and either make a copy if you have a machine (enlarge it too), or copy down the information. Just in case something happens. Also, before even getting to the test drive stage, try to qualify the buyer if they are indeed sincere, or just out looking for a joy ride.
Good luck
Make sure you create a bill of sale indicating exactly what is sold (year, make, model, VIN, mileage), the sellers/buyer's names and dollar amount. Both parties should sign and get a copy. Probably a good idea to include "As is" somewhere in the language too.
Before test any test drives, ask to see their license and either make a copy if you have a machine (enlarge it too), or copy down the information. Just in case something happens. Also, before even getting to the test drive stage, try to qualify the buyer if they are indeed sincere, or just out looking for a joy ride.
Good luck
I've often wondered how to accomplish a high dollar sale as well. I've bought and sold cars below $4K, so cash worked ok for that. Even withdrawing that amount isnt always possible (in $100's anyways).
I like vqsmile's method most. If you go into their bank and watch them get the bank check you have confirmation. Although I can see this not being possible in some cases.
I like vqsmile's method most. If you go into their bank and watch them get the bank check you have confirmation. Although I can see this not being possible in some cases.
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