(Closed) Anyone ever sold a car through private party? Tell me your story!

posted 6 years ago in The Lounge
  • poll: Is it a pain to sell a car that you owe money on?
    YES, oh my God, don't do it. : (1 votes)
    13 %
    You could get scammed! : (0 votes)
    It's possible, you could do it with a lot of effort. : (2 votes)
    25 %
    Not really. It's a piece of cake. : (4 votes)
    50 %
    Trade it in. : (1 votes)
    13 %
    Other. : (0 votes)
  • Post # 3
    Member
    2253 posts
    Buzzing bee
    • Wedding: October 2012

    It’s pretty painless but a process with a lot of steps. Darling Husband sold his car recently. He posted up the ad about the car on Craigslist. A buyer contacted him, and they negotiated the price and an inspection appointment at the mechanic’s. He met her at a mechanic’s shop where the buyer paid to have the car inspected. They went to the county clerk’s office, she paid him in cash, and filed the vehicle registration paperwork in her name to make sure that the car was no longer in his name. The entire process was about 2-3 hours I think. In your case, you could take the money and just go and pay off the remaining amount due on the car. Cash is nice but it’s risky to have that much on you at a time. I would recommend a cashier’s check made out to you. 

    Post # 5
    Member
    2253 posts
    Buzzing bee
    • Wedding: October 2012

    @ChuckNorris:  it’s ok. I understand. Selling a car is a cumbersome and big step. Darling Husband says the mechanic only charged for an hour’s worth of work since that’s how long the inspection took so I’m assuming $100? We didn’t owe on his car but I think the process is still the same overall. You would just be sitting on a lump of cash that you would then apply to the balance of the loan on the car. 

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