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Non Triumph - Selling A Car

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Stephen Sanders

Non Triumph - Selling A Car
« on: February 06, 2016, 10:33:56 AM »
Greetings to my fellow Wedge heads.  Excuse me for posting a non TR related

topic e-mail but I'm seeking some general car advice.  I'm looking at possibly

selling a vehicle....NOT one of my Wedges though.  I'm just looking for some

sound, common sense, advice on what I should look out for when selling a car

online (Craigslist etc.....).  I've never sold a car before in my life....only

bought 'em.  My main concern is about showing the car, permitting test drives,

and payments.



My concern about showing the car is that I don't want just anyone who answers

my advertisement to have my home address and so I've decided to meet up with

perspective buyers at a neutral place like a parking lot at a shopping center.

I don't want to scare off perspective buyers, but I want to careful on giving

out personal information too.  Just trying to weed out the tire kickers and

joy riders, and those that are not as serious.  Is the practice  of meeting in

a neutral place like this a common practice now?  Any other suggestions I

might try?



As for test drives I'm not to sure what to do about that.  All the cars that

I've ever bought myself (with exception of one) I was always given the keys

and allowed to take it out on my own, usually after the seller did a ride

along first.  This makes me nervous to do this myself now a days.  I think I

would insist on being in the car when the test drive is taken.  Is this a turn

off for buyers, or do you think they'd understand?  Also, should I check

driver's licenses and insurance?  What if a buyer, who appears to be serious

about purchasing my car, if they want to take it to a mechanic to have it

checked out?  Do I let them have the car for the day, or offer to drive it to

the mechanic myself to have it checked out (at their expense)?  I've always

had possession of the car I was buying and brought it to my mechanics.  This

makes me most nervous to do something like this.



On payment for the vehicle.  I will only accept full payment of the vehicle

before I turn over the keys and title.  Should I accept a down payment, say

$1000, to take the car off sale for what appears to be a serious buyer?  If

the deal falls through and they decide not to buy the car, is it reasonable to

keep half the deposit (or a portion thereof) because I took the car off sale?

I know that I shouldn't accept personal checks, cashier/certified checks,

Western Union or Money Gram as they all can come back and bite you as

fraudulent days later and the bank expects the seller to eat the lost funds.

Should I expect the seller to come to me with $8000 in cash to plop down in

front of me then?  Any other suggestions of payment that I might try?



Am I missing anything that you think is important?  Thanks for any suggestions

you can provide, and you can answer me off the forum site if you like.  BTW -

It's the BMW I'm thinking of selling.



Steve Sanders

sasande@hotmail.com

1976 DATSUN 280Z

1980 TRIUMPH TR7 DHC FI SPIDER TPZDJ8AA401562

1981 TRIUMPH TR8 DHC FI SATPZ4583BA406399

1981 TRIUMPH TR8 DHC FI SATPV4589BA405205

1997 FORD THUNDERBIRD

2002 BMW M3

WILLIAMSBURG, VIRGINIA

--

.

Archives provided courtesy  http://www.triumphwedgeowners.org



Randy Tess

Re: Non Triumph - Selling A Car
« Reply #1 on: February 06, 2016, 11:03:54 AM »
Classic symptoms of someone that needs to put a car on consignment at a

dealer or trade it it in.



I would not meet someone selling a personal car at a "neutral" site. It

wreaks of fraud or stolen property.



Test drives:

1. Get a drivers License

2. You drive it first...them second

3. Uncomfortable with the buyer?  Send them away.

4. Same stuff a dealer does...consign.



PPI's are common on more expensive vehicles. I have done two. The car gets

delivered to the mechanic by the seller....and retrieved by the seller. The

seller may, or may not, get a copy of the results.



Car is always for sale until full payment is verified in the account. Down

payments are for losers.  Wire transfer the funds and I'll sign the title.

Until then, the car is for sale.

Randall Glass

Re: Non Triumph - Selling A Car
« Reply #2 on: February 06, 2016, 11:09:00 AM »
It's a fairly common practice to have people meet you in the parking lot of

your local police station. The station near me even has a designated area for

this and will let you sign in and give them your info and what you're doing.

Talk about weeding out the bad ones!



As far as test driving, it's all about what you're comfortable with. Your car,

your rules. I've personally never let a prospective buyer take a car out

alone, I'm always with them. Let someone else know what's going on too, and

either have them there on hand waiting while you take the car out or have them

call you at a certain time or at pre-determined intervals. Anyone that is

annoyed by these steps would be suspicious in my mind. Again, your car, your

rules.



If you just don't want to deal with all this you can always just sell it to

CarMax. You won't get top dollar but that's the price you pay for

convenience!



>

Randy Tess

Re: Non Triumph - Selling A Car
« Reply #3 on: February 06, 2016, 11:38:13 AM »

Re: Non Triumph - Selling A Car
« Reply #4 on: February 06, 2016, 11:43:28 AM »
We have the same thing Randy. Lots of places here do. Makes it easier

really. Keeps you from having to shoot the bad guys without video proof ;)

Stephen Sanders

Re: Non Triumph - Selling A Car
« Reply #5 on: February 06, 2016, 12:37:36 PM »
That's an excellent idea about the police station.  I will check out my local

station and see what they say.



As far as dealer trade in and CarMax.  They're not just interested in giving

me fair NADA or KBB value for my car.  Dealer wanted to give me $4051 and

similar for CarMax.  NADA and KBB both have ranges from excellent condition as

around 10k and rough trade-in as 5K.  My car is far from "rough condition".  I

may be a little prejudice and sentimental but I'm not willing to let it go for

4-5k.  They both say older car (2002) + high mileage (167,000) kill the value.

That may be for most cars, but I think the M3 is kind of a "click" kind of

vehicle...only someone thinking of buying one is specifically looking for one

to buy.



Good sense on the test driving advice too....thanks



sasande@hotmail.com

1976 DATSUN 280Z

1980 TRIUMPH TR7 DHC FI SPIDER TPZDJ8AA401562

1981 TRIUMPH TR8 DHC FI SATPZ4583BA406399

1981 TRIUMPH TR8 DHC FI SATPV4589BA405205

1997 FORD THUNDERBIRD

2002 BMW M3

WILLIAMSBURG, VIRGINIA

John Roe

Re: Non Triumph - Selling A Car
« Reply #6 on: February 06, 2016, 02:04:02 PM »
Steve,



The best place to meet them for a test drive is the local police

department. That has become pretty common due to  Craigslist scams. I'm not

sure about which stations might do that in your area.



On your test drive, I would suggest you accompanying them on the test

drive. Especially if it's anybody slightly dicey, I would not turn them or

them and a friend loose with my car!



I'd also recommend that you have a friend go with you anytime you're going

to meet prospective buyers.



When you get ready to actually do the transfer, if they are working with a

local bank or credit union that I would recommend that you actually finish

the paperwork in the lobby of their credit union or bank lobby. At that

time, they should be able to get you a check directly from the institution

so that you don't have to worry about personal checks or anything else. If

they insist on paying you cash, then I would do the transfer and payment in

the lobby of a branch of your local bank, and walk right over to the

counter and deposit the money.





John

Benjamin Zwissler

Re: Non Triumph - Selling A Car
« Reply #7 on: February 06, 2016, 02:11:34 PM »
Steve,



I'll throw in my two cents....  With "classic" or special interest cars and

motorcycles I've had all good luck selling on my own via eBay, Craigs List,

etc.  The people I've dealt with both buying and selling have been up front

and honest.  I only had one guy who jerked me around.  I was about to give

up on him but he came through in the end - he was truly having trouble

getting the money together.  I finally met him in the "cell phone" lot at

the airport and he jumped in my 82 Cadillac Eldorado diesel and drove it

back to Nebraska (from Indiana).  He turned out more trusting than I was -

both of me and the car he was buying.  He made it home successfully (800+

miles) and still loves the car.



Now, for "normal" cars I've had less good luck.  Trying to sell the well

used "family truckster" I found that the only people interested in old

family vehicles have no money and want more than they can afford.  They

wanted me to finance them, sell to them only at or below the amount the

credit union would finance, etc.  I quit trying to be a "buy here, sell

here" lot and just trade those in nowadays.



However, you might be in a different category, with any luck some teenager

of parents with money will be trying to talk his parents into bank rolling

your car for him.  This third category is one that's pretty easy to sell

into, though the high mileage may scare the parents off, the teenagers can

be very persuasive.



Finally, around here (Southern Indiana) there are lots of small car lots

that will sell on consignment and they would probably like to take your

car.  My son dragged me  to lots of the lots trying to get me to buy him

similar cars when he was turning 16.  He ended up inheriting the old family

Dodge, unhappily.



Good luck,



Ben....

"Matt"

Re: Non Triumph - Selling A Car
« Reply #8 on: February 06, 2016, 02:55:31 PM »
Stephen,You may want to try  http://www.r3vlimited.com/ I advertised a car

on there and got some promising hits but ended up selling local off Craigs.I

have sold lots of parts via the R3V forum - they have one specifically for

parts and one for cars. I am with you on the dealers simply being too low on

offers where you aren't buying something from them. Good luck!