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Craigslist is the best option, i have sold few things on Craigslist, it was great. there are also few other options but right now i have tried these sites.
Ok, So I found someone who's interested, but they want to pay in installments. Should I consider this? It seems kind of risky. Very risky actually.
Good lord NO.
Unless they want to pay in installments, but they ONLY get the car and title when they've paid you in full.
And if you do that, get all the terms meticulously detailed in writing and you each keep a signed copy.
Ok, So I found someone who's interested, but they want to pay in installments. Should I consider this? It seems kind of risky. Very risky actually.
Ask them if you look like a bank.
Seriously, do not do this type of deal. If someone stops paying a financial institution, they have steps they can take to ruin the person's credit and have a towing company repo the car. If this person stops paying you, what are you going to do?
If the car is too old to qualify for an auto loan, they can always get a personal credit loan.
I see people mentioning it's listed on multiple sites. What is the purpose of mentioning that? To get people to act quicker?
I guess its more of a courtesy thing to mention it..
Local ads like CL I think would generate more interest quickly. CL is more of a "right here right now" so anything can happen. Ebay....people have to deal with bidding and watching items and it takes time.
If youve ever bid on Ebay, you would know that it can be tricky knowing when to put bids in and wait and then get outbid and wait till the last 5 seconds to jam a bid in. It can be a rush at times actually.
Some people only use Ebay, some like to use CL. Using both sources will get more interest all together.
But dealing with CL... ALL transactions need to be up front and in cash. thats why people sell stuff there, because you get cash on the spot. Dont hand over any paperwork or vehicle title until youve counted the cash yourself.
Taking payment by installments is up to you. Do you have the time to wait? I wouldnt hand over the title until the selling price is met though and I would counter this offer by saying NO REFUNDS.... This is so the buyer wont try to back out halfway through the payment and if they do you just keep their money.
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