Long distance sale

[dmcummins]

I have my 73 up for sale and I'm getting a lot of interest from long distance. What is the best way to handle these transactions if I end up selling to someone far away?

[dienstuhr]

-be prepared to accommodate reasonable requests to facilitate a PPI
-make sure the buyer understands that he is responsible for arranging shipping or coming to pick up the car.
-request a wire transfer of the purchase amount directly to your bank acct (be prepared to negotiate with your bank on the fees they will try to charge you for this)
-don't sign over the title or release the car until you have all the money.
-be upfront and honest at all times and talk to the buyer plenty to see if you get the same feeling about him.

GLWS!

d.

[jdbunda]

Having just purchased a car long distance, this can be difficult. As dienstuhr said, be prepared for a thorough PPI, and also be prepared to show you have a good clean title. I would suggest once the buyer wants to go through with it, execute a very specific purchase agreement that in addition to the usual verbiage, spells out the entire purchase process and what changes hands when, and what happens if someone doesn't live up to their end. Having done this both ways, it is far easier as a seller!

[jr993]

You should draft a bill of sale or draft a contract for purchase. Yes clear title will avoid a lot of hassle but a title alone is not enough, terms of sale must be in writing unless sale price is nominal ($500.00). If transfer isn't complete and title not registered by new owner you will want to notify your DVM of incomplete transfer, etc. to make sure you have no liability. Purchase documents like a bill of sale will also establish transfer of ownership, but most states require notification to state DVM to effectuate. This law and process varies depending on the state you live in.