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Old 08-16-2010, 10:25 PM
 
14 posts, read 19,717 times
Reputation: 12

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I have a car, I want to sell through craigslist.

I am from Europe and I have sold several cars privately over there, but this one is my first here in the state.

Can a friendly soul run me through the steps, so I can avoid the typical pit falls.

Lets imagine I found a buyer and we have negotiate the price, then what ?

Contract ?
Insurance?
Payment ?
Tags?
Title?

Please help me out,
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Old 08-16-2010, 11:18 PM
 
1,106 posts, read 2,948,848 times
Reputation: 825
All you have to do is negotiate the price. All the other stuff is with they buyer. Don't take any checks!
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Old 08-16-2010, 11:26 PM
 
Location: Pomona
1,955 posts, read 9,199,252 times
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Contract - check with the state's DMV if they have a 'bill of sale'.

Insurance - it's on the buyer.

Payment - cash if it's cheap; otherwise meet at their bank so they can issue a cashier's check to your name. Reason for their bank ... it's issued right there, so it's unlikely that they're going to try and defraud you with a fake cashier's check like the 419 scammers. Likewise, if they're financing the car (and it is possible to do so), the proper paperwork needs to be with the bank.

Tags - it should be current. In some states, the seller is also required to provide a current emission/inspection certificate.

Title - you sign it over to the buyer. No money, no title.
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Old 08-17-2010, 07:36 AM
 
19,122 posts, read 21,367,188 times
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Each state does things different. It depends on where you are.
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Old 08-17-2010, 08:47 AM
 
9,325 posts, read 11,246,447 times
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I will tell you the same thing I ran on my Craiglist ad, due to heavy volume of Scammers :

1. Cash Only

2. In Person Transaction Only


I was not selling a car but alot of my belongings , furniture ect.

But the above still applies.

Too many scams to trust anyone you don't know especially on CL.
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Old 08-17-2010, 09:34 AM
 
25,631 posts, read 29,109,412 times
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If you are going to accept a large amount of money invest in a counterfeit money detector pen. You can get them at any office supply store. Do not meet at your house for the transaction/inspection. If the person wants to have a mechanic go over the vehicle meet them at the shop. Also no test drives by yourself bring a friend to ride in the back seat. Any people the buyers bring with them don't get to go on the ride unless its a teen/parent situation. Good luck!
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Old 08-17-2010, 09:38 AM
 
Location: Victoria TX
42,668 posts, read 71,538,289 times
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For the seller, it is very easy. The buyer hands you the cash. You give them the keys and the title, with your signature in the space "seller". (I don't think any state requires that be notarized anymore.) The buyer does everything else.

It is highly recommended that you receive, from the buyer, a signed statement that he bought the car from you on a certain date. Save that document. You might need it to protect you from any liability for any consequence of the use of the car after that date.
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Old 09-11-2010, 03:52 PM
 
106 posts, read 80,035 times
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Quote:
Originally Posted by jtur88 View Post
For the seller, it is very easy. The buyer hands you the cash. You give them the keys and the title, with your signature in the space "seller". (I don't think any state requires that be notarized anymore.) The buyer does everything else.

It is highly recommended that you receive, from the buyer, a signed statement that he bought the car from you on a certain date. Save that document. You might need it to protect you from any liability for any consequence of the use of the car after that date.
How does the buyer drive your car off after the transaction if you've removed your tags?
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Old 09-11-2010, 04:25 PM
 
Location: Columbia, California
6,662 posts, read 25,334,551 times
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Quote:
Originally Posted by reeze View Post
How does the buyer drive your car off after the transaction if you've removed your tags?
Just like any other car driven off a sales lot, no plates.
I had a sheriff suggest removing license plates on cars sold. Many buyers will not register the auto in their name till the tags expire, and often not even then. I sold a car to a friend and found out he went in the DMV two years with cash for registration and left the car in my name.
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Old 09-11-2010, 05:15 PM
 
3,190 posts, read 4,129,220 times
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Quote:
You give them the keys and the title, with your signature in the space "seller". (I don't think any state requires that be notarized anymore.)
Pennsylvania does!

Plus, the buyer can't drive the car with no tags/plates at all in PA.

You and the buyer have to go to a Notary that does license work and you can only sign the title over to the buyer in their presence...hence a notary seal. You will also have to sign a mileage statement stating under penalty of law that the mileage is correct.

A bill of sale won't cut it in PA either.
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