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I have a new car on the way and I need to sell my current car...

D

Descartes

Lifer
Any ideas on coordinating this? I have a new car on order that will be here in about 75 days. I have another car ('98 Accord EX V6 Coupe) that I would like to sell, but keep until my new car is delivered. I'd hate to be stuck with two car payments.

Thoughts on how I should go about this would be appreciated.
 
Originally posted by: Quixfire
Place an add in your local newspaper.
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I plan on doing that if ebay doesn't get any results. The key issue isn't selling my car, the issue is with me not being without a car between the time I sell my current car and the time I take delivery of my new car.
 
put it up for sale at higher than what you intend to get for it, that way if some sucker does buy it without researching you end up with a little more money to spend on a rental or what not.
 
Originally posted by: alm99
put it up for sale at higher than what you intend to get for it, that way if some sucker does buy it without researching you end up with a little more money to spend on a rental or what not.
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I don't think anyone has ever done that.

😉
 
Just put an add in the newspaper and when people come to look at it tell them that if they want it, you can't close until the day your new car gets there. Have them give you a small deposit, and sign (and have notarized) an agreement that you will sell them the car once the new car gets there. That way, you're guaranteed that they are serious (after all, they put down a deposit) and they are guaranteed that you'll sell the car to them and not just take their money (they have the signed and notarized document).

ZV
 
Originally posted by: Zenmervolt
Just put an add in the newspaper and when people come to look at it tell them that if they want it, you can't close until the day your new car gets there. Have them give you a small deposit, and sign (and have notarized) an agreement that you will sell them the car once the new car gets there. That way, you're guaranteed that they are serious (after all, they put down a deposit) and they are guaranteed that you'll sell the car to them and not just take their money (they have the signed and notarized document).

ZV
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Thanks! 🙂
 
The problem with that, Zenmervolt, is that if I'm shopping for a used car, I want the car as soon as I find the right one, not 75 days after. I've even gone car shopping with cash in my pocket.

Welcome to the world of NOT trading the car in.

I'd put the car in the paper a few days before, a week max. It's an Accord, so as long as it's in reasonable condition, it should sell quickly. If it doesn't sell right away, you're probably asking too much, and you'll need to need to lower the price a bit. There's no way you should need to make two payments for more than one month, IMHO.
 
Originally posted by: Descartes
Originally posted by: Zenmervolt
Just put an add in the newspaper and when people come to look at it tell them that if they want it, you can't close until the day your new car gets there. Have them give you a small deposit, and sign (and have notarized) an agreement that you will sell them the car once the new car gets there. That way, you're guaranteed that they are serious (after all, they put down a deposit) and they are guaranteed that you'll sell the car to them and not just take their money (they have the signed and notarized document).

ZV
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Thanks! 🙂
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You might want to have a Lawyer help you with the contract, and the buyer will probably want some sort of clause whereby their deposit can be refunded if the car is totaled or in an accident between the time they make the deposit and the time you will deliver the car. I'm just a college student, but I think my advice is fairly good.

ZV

EDIT: Garfang makes a good point, but as long as the add isn't too expensive there's no harm in trying to find a buyer who's willing to wait a bit.
 
Originally posted by: Zenmervolt
Originally posted by: Descartes
Originally posted by: Zenmervolt
Just put an add in the newspaper and when people come to look at it tell them that if they want it, you can't close until the day your new car gets there. Have them give you a small deposit, and sign (and have notarized) an agreement that you will sell them the car once the new car gets there. That way, you're guaranteed that they are serious (after all, they put down a deposit) and they are guaranteed that you'll sell the car to them and not just take their money (they have the signed and notarized document).

ZV
Click to expand...

Thanks! 🙂
Click to expand...
You might want to have a Lawyer help you with the contract, and the buyer will probably want some sort of clause whereby their deposit can be refunded if the car is totaled or in an accident between the time they make the deposit and the time you will deliver the car. I'm just a college student, but I think my advice is fairly good.

ZV

EDIT: Garfang makes a good point, but as long as the add isn't too expensive there's no harm in trying to find a buyer who's willing to wait a bit.
Click to expand...
Ensure that you draft up a sales agreement that says the vehicle is being sold "As-is, where-is." I got into a messy situation last summer when a car sale went sour. RossMAN also had a bad experience with the sale of his used vehicle, too. Feel free to utilize this "bill of sale" that I drafted up - Automobile Bill of Sale for your automobil sale.
 
You could make me a sweetheart deal and sell it to me. I'll wait until your new car comes. What'r ya gettin, BTW?
 
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