Selling a car on Ebay with a note?

[VaSteve]

I want to sell my Honda hybrid on eBay (if it doesn't o through craigslist). I still owe on it through Honda motor credit. I figure if I disclose all this, I could make the deal work with a patient buyer (it will take ~10 to get the title if I had their check).

Have any of your done this and how. I think there has to be some level of trust. I'm not sure how I would handle being on te buyer's side and waiting, waiting, waiting for the title to come in. When do I ship the car assuming it isn't local. Who sets that up, the buyer?

Thanks!

[Steve Carlton]

If you have a buyer who's going to be present for the transaction:

1. Get all the payoff info from AHFC, including how to arrange the title be sent directly to the buyer.
2. Give AHFC permission to discuss payoff, etc with your buyer when you have one.
3. Have buyer produce cashier's check (which you verify) for purchase price or payoff (whichever is less).
4. Together drop check (plus yours if necessary) and paperwork with FedEx (or whoever).
5. Pick up from a dealer Registration form "262" and fill out your portion and give to buyer. 262 has odometer statement, bill of sale, and power of attorney all in one. Your buyer will need the power of attorney to sign off title on your behalf since you won't be there.

The simplest is for you to payoff the loan in advance, if possible. You may be less likely to lose a buyer unwilling to deal with the extra doubt and complexity.

If the sale is done without buyer present, maybe one of those escrow companies?