Question on selling cars.... Need Advice...
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Question on selling cars.... Need Advice...
Okay... so i want to sell my car now because:
1) i'm pretty much tired of it
2) I've got into 3 accidents with the car (all front end collisions) and i'm afraid something bad will happen as far as mechanical stuff...
3) i'm spoiled from my days of being boosted and i want to drive another boosted car
I want to buy a 240sx which go for around 2500 - 5000 bucks that are in good conditions with relatively decent mileage but i still owe about 5000 dollars on my car.
I was thinking of posting it up on autotrader and selling it for like 9000 and using the money that i get to pay off the rest of the car and using the difference plus the money i saved up to buy the 240sx.....
Now since the title on the car isn't clear because of the 5000 that i still owe on the car, would i still be able to sell the car without the title being cleared or do i need to clear the title first before selling it?
Obviously the buyer of the car would like the pinkslip handed to him as soon as the transaction is complete but i wouldn't have that available to him till after the note is cleared... what would i give the new buyer of the car as his/her proof of ownership?
What do you guys think i should ask for the car if i were to sell as a private party sale?
2002 Civic LX Bone Stock
53,000 Miles
Tinted Glass With Lifetime warrenty
New Tires
Single Disc Honda CD Player HU
Kelly Blue Book says the car is worth $9300
What do you guys think I should do?
1) i'm pretty much tired of it
2) I've got into 3 accidents with the car (all front end collisions) and i'm afraid something bad will happen as far as mechanical stuff...
3) i'm spoiled from my days of being boosted and i want to drive another boosted car
I want to buy a 240sx which go for around 2500 - 5000 bucks that are in good conditions with relatively decent mileage but i still owe about 5000 dollars on my car.
I was thinking of posting it up on autotrader and selling it for like 9000 and using the money that i get to pay off the rest of the car and using the difference plus the money i saved up to buy the 240sx.....
Now since the title on the car isn't clear because of the 5000 that i still owe on the car, would i still be able to sell the car without the title being cleared or do i need to clear the title first before selling it?
Obviously the buyer of the car would like the pinkslip handed to him as soon as the transaction is complete but i wouldn't have that available to him till after the note is cleared... what would i give the new buyer of the car as his/her proof of ownership?
What do you guys think i should ask for the car if i were to sell as a private party sale?
2002 Civic LX Bone Stock
53,000 Miles
Tinted Glass With Lifetime warrenty
New Tires
Single Disc Honda CD Player HU
Kelly Blue Book says the car is worth $9300
What do you guys think I should do?
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U've got into 3 accidents...wow that sucks
I really dunno how much you'll get out of your car, but since u have 3 accidents(the car will never be the same after any accidents) you won't get much out of it.
I've had 2 accidents with my car, and I was thinking i'm lucky to get 7G out of it(2001ex coupe 52k miles with mods), so I just decided to hold on to it until it DIES...
I really dunno how much you'll get out of your car, but since u have 3 accidents(the car will never be the same after any accidents) you won't get much out of it.
I've had 2 accidents with my car, and I was thinking i'm lucky to get 7G out of it(2001ex coupe 52k miles with mods), so I just decided to hold on to it until it DIES...
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your gonna have to take him with you to the loan office, or write up an agreement, telling him you have to pay the car in full before you can get the pink slip in your name.... hopefully my car will be sold by saturday to, so i have to deal with the same hassle
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Originally Posted by VTECHGRL
your gonna have to take him with you to the loan office, or write up an agreement, telling him you have to pay the car in full before you can get the pink slip in your name.... hopefully my car will be sold by saturday to, so i have to deal with the same hassle
i'm financing the car through honda so i don't think i could take him/her down there... i think the best thing to do is write up an agreement like you said.. I hope i don't have to get a lawyer involved with this if something goes wrong. that would really suck....
This was my experience selling my Civic. I went to a local Dodge dealership to have my dad's 03 Ram 1500 4.7L (non Hemi) for a smog check up. As i sat there waiting for the truck, I was wondering how the Hemi drove. I took a test drive and before I knew it, I was agreeing to purchase a brand new 04 Ram 1500 Hemi. I was going to use the civic as a trade in, but after looking at the contract, I knew I'd lose out if I did So, I posted it through craigslist.org under Los Angeles and also on Recycler.com for approx 2 months. I had people calling about the car, but most did not want what I was asking for ($12,500) for an 02 with almost 60k miles. I had about $7000 left on the loan to pay off. I finally received a phone call from this guy and he wanted to see my car. I met up with him at his place and he said he liked it. I ended up selling my car minus my system, but with the rims, springs, intake exhaust for $12,200. I told him I had to wait for the pink slip after I paid off the loan. He gave me a $500 deposit down and if he backed out, I'd keep the money. Long story short, I paid off the Honda loan, waited for the pink slip in the mail and handed it to the new buyer. Oh, also get the form from the DMV about changing ownership, so it takes off all liability from you once the car is sold, this way, if the car gets stolen, vandalized, etc, it won't come back to you.
Yeah I just bought my car from a guy who had payments on it. We met and talked about it and got all of the little things settled out. Then once he was ready we met at the DMV and exchanged. I made the check out for 10,500 to his loan company and he gave me a check for the difference of like 700 dollars and he handed the keys to me and we filled out the paper work to transfer ownership... It was very simple for me cause I was paying straight cash. Oh and then the loan company of course sent the pinkslip to me.
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Originally Posted by Jeff B
Yeah I just bought my car from a guy who had payments on it. We met and talked about it and got all of the little things settled out. Then once he was ready we met at the DMV and exchanged. I made the check out for 10,500 to his loan company and he gave me a check for the difference of like 700 dollars and he handed the keys to me and we filled out the paper work to transfer ownership... It was very simple for me cause I was paying straight cash. Oh and then the loan company of course sent the pinkslip to me.
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(ive done it before)
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