Apart from filling out the bill of sale and back of registration document is there anything else i should know about selling my car privately?
Registered User
Procedure for selling used car?
Apart from filling out the bill of sale and back of registration document is there anything else i should know about selling my car privately?
Registered User
- take a deposit if they say they are serious
- MAKE SURE you sign the bill of sale properly - the way you want it ( as is ) or sold conditionally until say... inspection is complete?
- Before handing over title make sure you get paid in full and funds have cleared ( money order / certified cheque / cash )
- Other then that im pretty sure you have your own senses to see if the buyer is shady or not.
- GOOD LUCK!
Slow and Furious
Get a certified check or money order and make sure you have the money before you release the car.
Make sure you have an "as is" clause or the like in the bill of sale.
Registered User
^^ ppl can still make stop payments on certified cheques and money orders
owned by an '08 n00b! LOL
Bank drafts are the way to go
Originally posted by GTS Jeff
You know those bored stay at home moms who's entire lives revolve around driving their kids to soccer, various cleaning accessories, and worrying about neighbourhood rapists? The kind of people that watch the View and go "uh huh..." Those unfulfilled people who try to fill the void in their empty lives by writing whiny letters to the editor complaining about shit that no one really cares about?
Well imagine if instead of writing that letter to the editor, she just posts on a car forum for car enthusiasts. That's Kritafo.
Banned
What exactly is the "title"
Registered User
Originally posted by richardchan2002
Get a certified check or money order and make sure you have the money before you release the car.
Make sure you have an "as is" clause or the like in the bill of sale.
So if they are paying me with a certified cheque can i give them the car once they give me the cheque or do i need to go to the bank and deposit and let it clear first?
Or does a certified cheque clear rite away?
Registered User
Well, a certified cheque can bounce. Make sure that they present ID, preferably two pieces including Driver's license, and record those. Some sample bills of sale have a spot for this.Originally posted by Jynx
So if they are paying me with a certified cheque can i give them the car once they give me the cheque or do i need to go to the bank and deposit and let it clear first?
Or does a certified cheque clear rite away?
Also, good idea to keep the car insured until you hand it over, even if you have a new one you replaced it with.
Registered User
Originally posted by dj_rice
Bank drafts are the way to go
stop payments can be made on drafts too
Money orders and drafts are basically the same. MO's are for 5,000 and under. drafts are anything
depends on your holds and your bank. if you guys have the same bank. best way is to transfer from one account to the other.Originally posted by Jynx
So if they are paying me with a certified cheque can i give them the car once they give me the cheque or do i need to go to the bank and deposit and let it clear first?
Or does a certified cheque clear rite away?
or if you dont. do a wire or cable
Moderator
Likely the registration, the word "title" is used in the U.S. representing a certificate of ownership.Originally posted by scat19
What exactly is the "title"
Original Post NAZI Moderated
Originally posted by r3cc0s
Felon or Mistermeiner
Banned
Ive always been confused when I hear title... Thanks wep
Registered User
ask them to pay you CASH. easiest an best way.
owned by an '08 n00b! LOL
Originally posted by aklalani
ask them to pay you CASH. easiest an best way.
But lets say a car is $10,000..you want to count $10,000 let alone who knows if it could be counterfeit or not....
Originally posted by DC2
stop payments can be made on drafts too
Money orders and drafts are basically the same. MO's are for 5,000 and under. drafts are anything
Really??How does that work?I just thought once you go to the bank and buy a bank draft...for say $5000...the bank holds that $5000 in an account of their own under the bank draft til its withdrawn?
Last edited by dj_rice; 07-18-2006 at 08:08 PM.
Originally posted by GTS Jeff
You know those bored stay at home moms who's entire lives revolve around driving their kids to soccer, various cleaning accessories, and worrying about neighbourhood rapists? The kind of people that watch the View and go "uh huh..." Those unfulfilled people who try to fill the void in their empty lives by writing whiny letters to the editor complaining about shit that no one really cares about?
Well imagine if instead of writing that letter to the editor, she just posts on a car forum for car enthusiasts. That's Kritafo.
Banned
^ thats waht i thou too
both times that i purchased a car i gave a certified check and the seller didnt hav any issues wit it. i handed the check they signed the paper work and i signed and that was it.
Registered User
.
Last edited by Mixalot27; 08-26-2017 at 07:13 PM.
Registered User
wait till money is cleared if possible......anything could happen once they drive the car away.
Registered User
Last time I was getting a money order they told me I needed a draft because money orders are $1,000 or lessOriginally posted by DC2
Money orders and drafts are basically the same. MO's are for 5,000 and under. drafts are anything
And yes, they are the same.
Registered User
MO and bank draft is the same
Draft and Certified cheque is guaranteed funds as the money is taken out of the account already to make the draft/certified chq so if the person got no money in their account they wouldn't be able to make the draft/certified chq in the first place
trying is the first step towards failure
Registered User
If i accept the certified cheque and it does turn out to bounce (if thats even possible) or be false for whatever reason, would my insurance company consider my car as stolen and pay me for it or would they not cover it because it was essentially my own fault?
Banned
do everything at your bank, make sure the cheque correctly deposits into your account!
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