Selling my car - does this sound legit?

M

mrWr0ng

Well-known member
I've never sold a car before, but the story is, my folks are getting a divorce, my mom left the country (it was pretty bad) and she left her car, a BMW Z3, to me. My dad, being the fine upstanding gentleman he is, knows this, has told me that he needs to take it and sell it in order to pay the mortgage. He then left for the other side of the country, so I took the car and put it up for sale. He's now coming back and wants the car to keep, but I've got interested parties coming to look at it and want to sell it as quickly as possible so I don't have to fight about giving it to him (I was going to hold on to it, then sell to finance a short film but thanks to his deciding to spend the mortgage on plasma screens, I now have to sell it to keep the house from foreclosing. Thanks, dad).

So anyways, there's a guy coming by tomorrow who called me and is very interested. He said he was willing to pay cash - we're talkin more than ten thousand here. I have the title, keys and the car is in great shape, but I've never sold a car, so is this typical? He says he's been looking for just this car for a while, I just don't want to get ripped off on it since I have to move it in such a hurry.

Thanks for any advice
 
most people don't pay for a car with cash. but if he has it, then good. get a counterfeit pen from staples so you can mark the bills.
 
I'm with Ugafan - while many people may not pay with cash - its not unheard of.
You could possibly ask him to get a cashiers check or a money order made out to you...
or you could check each bill with a counterfeit pen like Uga suggested.

I'm assuming you've checked the bluebook value on the car, and checked out the other ads in your are to make sure you're getting a decent price on it. If not, you probably should.

Sorry to hear about your troubles - hopefully things will get easier once all these logistical issues are worked out.
 
Sounds like you must have it for a good price if the guys in a hurry. Just make sure you do the deal in the daytime so you can go straight to the bank.
 
I checked the bluebook and asked for more than the actual worth since the car is very high-mileage but it's been very well taken care of. We're to negotiate the final price when he takes a look at it. For someone who's looking for that particular car, the price is manageable, though if you're just looking for *a* car you wouldn't be willing to pay the asking price. But I wasn't expecting to get that anyways
 
Ive always paid cash for everything and so have my friends. The idea with cash is that you can get the seller to chip off a bit of the price because they dont have to worry about taxes. With a check or money order you have to put it on your taxes, cash goes right into your pocket. Expect him to come with a friend or two to protect the cash. On the buyers side, you never know if its a setup to get you somewhere with cash and get stuck up.
 
I've always paid for my cars with cash if it's a private party. The best advice I can give you is to let him check the car out and if he's interested, go to your bank and have him deposit the money at that moment and sign over the pink. This way you don't have to worry about counterfiet.
 
Good suggestion about meeting at the bank for the transaction. I always get a notarized sales contract when I sell a vehicle just in case the other party "forgets" to get the registration and gets in a wreck with it. The notary will require valid identification from the signing parties. Place your additional things you agree to such as "as is" "no warranty" etc. in the contract. Banks usually provide notary service to customers.
 
Sorry about your troubles, mate. Sounds harsh...

I pay cash for cars also (private party), and everytime I've sold a car (6-7 times), I've recieved cash from buyers... except one cashiers check.

Never had a problem.
 
Yeah if he decides to buy it go to the bank and have him deposit the greenypoo. Then sign that pink at there u go.
 
mrWr0ng said:
I've never sold a car before, but the story is, my folks are getting a divorce, my mom left the country (it was pretty bad) and she left her car, a BMW Z3, to me. My dad, being the fine upstanding gentleman he is, knows this, has told me that he needs to take it and sell it in order to pay the mortgage. He then left for the other side of the country, so I took the car and put it up for sale. He's now coming back and wants the car to keep, but I've got interested parties coming to look at it and want to sell it as quickly as possible so I don't have to fight about giving it to him (I was going to hold on to it, then sell to finance a short film but thanks to his deciding to spend the mortgage on plasma screens, I now have to sell it to keep the house from foreclosing. Thanks, dad).

So anyways, there's a guy coming by tomorrow who called me and is very interested. He said he was willing to pay cash - we're talkin more than ten thousand here. I have the title, keys and the car is in great shape, but I've never sold a car, so is this typical? He says he's been looking for just this car for a while, I just don't want to get ripped off on it since I have to move it in such a hurry.

Thanks for any advice
Click to expand...

In all honesty I'd forget the car, forget the house, and WALK AWAY from this horrendous situation. Let your parents sort out their troubles, otherwise you could be responsible for some of the financial fallout of what sounds sure to be a very messy divorce litigation.
 
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