Go Back   AnandTech Forums > Social > The Garage

Forums
· Hardware and Technology
· CPUs and Overclocking
· Motherboards
· Video Cards and Graphics
· Memory and Storage
· Power Supplies
· Cases & Cooling
· SFF, Notebooks, Pre-Built/Barebones PCs
· Networking
· Peripherals
· General Hardware
· Highly Technical
· Computer Help
· Home Theater PCs
· Consumer Electronics
· Digital and Video Cameras
· Mobile Devices & Gadgets
· Audio/Video & Home Theater
· Software
· Software for Windows
· All Things Apple
· *nix Software
· Operating Systems
· Programming
· PC Gaming
· Console Gaming
· Distributed Computing
· Security
· Social
· Off Topic
· Politics and News
· Discussion Club
· Love and Relationships
· The Garage
· Health and Fitness
· Merchandise and Shopping
· For Sale/Trade
· Hot Deals
· Free Stuff
· Contests and Sweepstakes
· Black Friday 2013
· Forum Issues
· Technical Forum Issues
· Personal Forum Issues
· Suggestion Box
· Moderator Resources
· Moderator Discussions
   

Reply
 
Thread Tools
Old 12-29-2012, 03:17 PM   #1
JMapleton
Diamond Member
 
JMapleton's Avatar
 
Join Date: Nov 2008
Location: United States
Posts: 3,550
Default First time selling car in private sale.

I'm considering selling my car in a private sale. I've never done this before. Every car I've ever disposed of was through a trade in. I think I can get a lot more selling it privately than the dealer can offer.

How would I go about doing such a transaction?

How would I receive payment. No way in heck am I going to accept a personal check. Is it acceptable to ask for all cash for a $10k car? Can bank checks be forged? What about cashiers checks?

Thanks.
__________________
http://www.brightstarsound.com/
JMapleton is offline   Reply With Quote
Old 12-29-2012, 04:03 PM   #2
Jumpem
Diamond Member
 
Join Date: Sep 2000
Posts: 9,549
Default

Get payment. Wait for it to clear before transferring the title. I've also held onto the vehicle until then before.
Jumpem is offline   Reply With Quote
Old 12-29-2012, 04:03 PM   #3
ketchup79
Diamond Member
 
ketchup79's Avatar
 
Join Date: Sep 2002
Location: Greenville, SC
Posts: 6,082
Default

I got cash for the last car I sold. My dad took a personal check, and everything went fine. Personal preference. If it bothers you that much, just ask for a PayPal payment.
__________________
Intel Core i5-2500k | Gigabyte GA-Z68X-UD3H-B3 | 8 GB DDR3 | Gigabyte GeForce GTX 660 | Antec EarthWatts EA-650 BRONZE | Western Digital Caviar Black 1TB | COOLER MASTER CM Storm Series Trooper | COOLER MASTER Hyper 212 EVO
ketchup79 is offline   Reply With Quote
Old 12-29-2012, 04:33 PM   #4
Doppel
Lifer
 
Doppel's Avatar
 
Join Date: Feb 2011
Posts: 13,313
Default

Cash or cashier's check is the standard, and it will work fine for you. Also download some elementary sales certificate, have you both sign it, and ask to see their license as well just so you know it's them.

Cash is fine even up to $10k.

In the end you should remember this is not some idiot off craigslist buying your stereo. If they act like a total scumbag thief they have just conducted grand theft auto. It's a really dumb way to try and scam somebody so you're unlikely to have any issues with the actual transaction.

The main issues you'll have selling private party are dealing with the dregs of society, the people who say they'll show and never do, and those who offer offensive low ball offers on the car. It is a pain in the ass selling private, though you stand to make hundreds if not a grand or more difference vs trading in.
Doppel is offline   Reply With Quote
Old 12-29-2012, 04:43 PM   #5
WilliamM2
Senior Member
 
WilliamM2's Avatar
 
Join Date: Jun 2012
Posts: 772
Default

Quote:
Originally Posted by ketchup79 View Post
I got cash for the last car I sold. My dad took a personal check, and everything went fine. Personal preference. If it bothers you that much, just ask for a PayPal payment.
How would taking PayPal help in any way?
WilliamM2 is offline   Reply With Quote
Old 12-29-2012, 05:09 PM   #6
ketchup79
Diamond Member
 
ketchup79's Avatar
 
Join Date: Sep 2002
Location: Greenville, SC
Posts: 6,082
Default

Quote:
Originally Posted by WilliamM2 View Post
How would taking PayPal help in any way?
If you both have smartphones.
__________________
Intel Core i5-2500k | Gigabyte GA-Z68X-UD3H-B3 | 8 GB DDR3 | Gigabyte GeForce GTX 660 | Antec EarthWatts EA-650 BRONZE | Western Digital Caviar Black 1TB | COOLER MASTER CM Storm Series Trooper | COOLER MASTER Hyper 212 EVO
ketchup79 is offline   Reply With Quote
Old 12-29-2012, 05:15 PM   #7
Squisher
Lifer
 
Squisher's Avatar
 
Join Date: Aug 2000
Location: Belleville, MI
Posts: 20,735
Default

Because Michigan doesn't require both parties present to transfer title, Michigan specifies that the seller have the buyer fill out his portion of the title and then the seller make a copy. I guess this is to keep the buyer from knocking over a liquor store on the way home and then ditching the car only to have fingers pointed at you.

If you're really paranoid you can specify that any cashiers checks be from a local bank and you can call them to verify that the check with that check number was made out in the correct amount. This would be to stop check washers, but I've never gone to that length. Usually people buying my vehicles show up with their wife and kids and don't really fit the bill for international check washers.
__________________
Quote:
Originally posted by: electron
Forget P&N, we need a new forum for this. I recommend naming it "Cuckoo's Nest"
Grandkids holding some vermin.
Squisher is offline   Reply With Quote
Old 12-29-2012, 05:28 PM   #8
WilliamM2
Senior Member
 
WilliamM2's Avatar
 
Join Date: Jun 2012
Posts: 772
Default

Quote:
Originally Posted by ketchup79 View Post
If you both have smartphones.
And that helps how? The buyer could easily do a chargeback, PayPal would probably be the easiest way possible to scam a seller.
WilliamM2 is offline   Reply With Quote
Old 12-29-2012, 06:32 PM   #9
rommelrommel
Golden Member
 
Join Date: Dec 2002
Posts: 1,376
Default

Meet at the bank?
rommelrommel is offline   Reply With Quote
Old 12-29-2012, 06:40 PM   #10
Zivic
Platinum Member
 
Join Date: Nov 2002
Posts: 2,221
Default

green cash money or a cashier's check while at the bank it is drawn from.
Zivic is offline   Reply With Quote
Old 12-30-2012, 07:37 AM   #11
ketchup79
Diamond Member
 
ketchup79's Avatar
 
Join Date: Sep 2002
Location: Greenville, SC
Posts: 6,082
Default

Quote:
Originally Posted by WilliamM2 View Post
And that helps how? The buyer could easily do a chargeback, PayPal would probably be the easiest way possible to scam a seller.
Eh, just an idea. I think rommelrommel has a good idea if it is a pretty good chunk of change.
__________________
Intel Core i5-2500k | Gigabyte GA-Z68X-UD3H-B3 | 8 GB DDR3 | Gigabyte GeForce GTX 660 | Antec EarthWatts EA-650 BRONZE | Western Digital Caviar Black 1TB | COOLER MASTER CM Storm Series Trooper | COOLER MASTER Hyper 212 EVO
ketchup79 is offline   Reply With Quote
Old 12-30-2012, 09:15 AM   #12
waggy
No Lifer
 
waggy's Avatar
 
Join Date: Dec 2000
Location: Northern IL
Posts: 62,883
Default

1) take cash or cashiers check. for 10k meet at bank and take it straight from cashier

2) write out a bill of sale. all it really needs is the VIN, date, marked "as is" (though its used so implied) and if possible scan the buyers ID (smart buyer won't let you though) and make sure they sign 2 copies. one for you and for them.

as for the title and plates fallow local laws.
waggy is online now   Reply With Quote
Old 12-31-2012, 04:42 AM   #13
senttoschool
Senior Member
 
Join Date: Jan 2010
Posts: 961
Default

Get an automobile bill of sale from Rocket Lawyer: http://www.rocketlawyer.com/document...ill-of-sale.rl

It's free. All you have to do is fill in questionnaires.
senttoschool is offline   Reply With Quote
Old 12-31-2012, 06:19 AM   #14
boomhower
Diamond Member
 
boomhower's Avatar
 
Join Date: Sep 2007
Posts: 6,369
Default

I'd meet at the bank. I've run across enough fake bills that look very real and pass counterfeit pens I wouldn't be comfortable with it.
__________________
heat
boomhower is offline   Reply With Quote
Old 12-31-2012, 11:30 AM   #15
NutBucket
Lifer
 
NutBucket's Avatar
 
Join Date: Aug 2000
Location: North Hollywood, CA
Posts: 21,527
Default

Yep, meet at bank. Last sale for me was easy since the buyer and I had the same bank. Walk up to the teller, provide both account numbers and the money is moved. Easy.
NutBucket is online now   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -5. The time now is 04:31 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.