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Selling a car (private party)

  • raiderbuck
    Anyone ever done this? Or buy from a private party. I'm thinking of selling my Jeep, and I've been looking into private party ('03 120k miles I believe...it's parked at my parents house in Ohio). Is it a hassle to transact via PP? I know I'll need some kind of record of the sale to give to the buyer for taxes, and to transfer the title. Should I do the transaction at a bank to get signatures notarized? Is that even necessary?
  • sleeper
    Hold on let me ask LJ. I think he used to sell used cars for a living.
  • thavoice
    I bought a car from a private party before. As for the paperwork....well....the dealership where he was getting his new vehicle for him did all of that stuff for us in transfering.

    I sold a car to a PP once. I had someone notarize the signatures to make it official. I believe you need to get it signed over like that.

    One thing I did that I probably didnt have to do is came up with a document of what I knew was wrong about the car and had him sign it. Dashboard light was out, door handle on the inside was a bit loose, and the radiotor was leaking. I had told him all about it before he test drove it, and he and his dad checked it out and bought it and signed it. I just did that so in good conscience I knew that he knew what was up with it.
  • raiderbuck
    ^^yea, I think I'll do that too. Mainly because it'll be sold "as is" or whatever. Plus, it's at my parent's house so most of the transferring/paperwork will have to be organized by my dad. I can't afford to go back and forth from Chicago to Ohio to deal with a lot of paperwork. I will be there for the actual transaction though. Signing, notarizing, etc.,. It's my car after all. I just want to cut down on the logistics and wipe my hands with it after it's sold.

    I wouldn't want the buyer to come back to my dad about problems with the vehicle after purchase either.

    And SVP, I'm mainly looking for personal experiences. I can find out which documents to get, but didn't know if it was a hassle to sell PP. There's a dmv.org site has a template for a Bill of Sale, but I can't access it from my work computer. I'm also going to contact my home county's clerk's office and DMV to see what else is needed.
  • thavoice
    raiderbuck;1159764 wrote:^^yea, I think I'll do that too. Mainly because it'll be sold "as is" or whatever. Plus, it's at my parent's house so most of the transferring/paperwork will have to be organized by my dad. I can't afford to go back and forth from Chicago to Ohio to deal with a lot of paperwork. I will be there for the actual transaction though. Signing, notarizing, etc.,. It's my car after all. I just want to cut down on the logistics and wipe my hands with it after it's sold.

    I wouldn't want the buyer to come back to my dad about problems with the vehicle after purchase either.

    And SVP, I'm mainly looking for personal experiences. I can find out which documents to get, but didn't know if it was a hassle to sell PP. There's a dmv.org site has a template for a Bill of Sale, but I can't access it from my work computer. I'm also going to contact my home county's clerk's office and DMV to see what else is needed.
    It really shouldnt take that long for all the paperwork. The guy test drove it, went and got cash, had it signed over and notarized, signed over and temp plates in about an hour.

    I had cleaned the car up the night before..never was that clean except for when I bought it, and a local dealer was going to give me 200 for it that day when I got off work. I told the guy I had another buyer (true, kinda) I was showing that day and I needed 1000 to sell it to him.
  • Steel Valley Football
    Curly J;1159757 wrote:I thought you were supposed to tell him he'll never get that much for a Jeep.

    Market value is the highest price any one person is willing to pay for it.
  • said_aouita
    raiderbuck;1159690 wrote:Should I do the transaction at a bank to get signatures notarized? Is that even necessary?
    I think once notarized that counts as your evidence for taxes. I've heard of people fibbing to the notarizing bank rep about how much the car sold for, so the taxes are less.
  • Steel Valley Football
    raiderbuck;1159764 wrote:^^yea, I think I'll do that too. Mainly because it'll be sold "as is" or whatever. Plus, it's at my parent's house so most of the transferring/paperwork will have to be organized by my dad. I can't afford to go back and forth from Chicago to Ohio to deal with a lot of paperwork. I will be there for the actual transaction though. Signing, notarizing, etc.,. It's my car after all. I just want to cut down on the logistics and wipe my hands with it after it's sold.

    I wouldn't want the buyer to come back to my dad about problems with the vehicle after purchase either.

    And SVP, I'm mainly looking for personal experiences. I can find out which documents to get, but didn't know if it was a hassle to sell PP. There's a dmv.org site has a template for a Bill of Sale, but I can't access it from my work computer. I'm also going to contact my home county's clerk's office and DMV to see what else is needed.
    Why would you do all that? Sold "as-is" means just that.
  • Steel Valley Football
    said_aouita;1159816 wrote:I think once notarized that counts as your evidence for taxes. I've heard of people fibbing to the notarizing bank rep about how much the car sold for, so the taxes are less.
    No way. People wouldn't do that.
  • DeyDurkie5
    Steel Valley Football;1159801 wrote:Market value is the highest price any one person is willing to pay for it.
    cool story, bro.
  • Steel Valley Football
    DeyDurkie5;1159845 wrote:cool story, bro.
    Pay attention. You missed the joke you dumb nag.
  • thavoice
    Steel Valley Football;1159834 wrote:Why would you do all that? Sold "as-is" means just that.
    Ya know..doing what I did and what he said he may do isnt mandatory or anything like that. I imagine it wouldnt stand up in court if someone tried to bring ya for selling a car "as is" and it being a piece of shit, but it COULD possible hold off any hassles and such. Just telling the person is one thing, but if ya have them sign a paper that ya told them may be JUST enough for them to not even attempt to hassle ya.

    I did it just out of a courtesy, and to cover my ass so I knew that he knew that I knew I told him what was fucked up.
  • raiderbuck
    Steel Valley Football;1159834 wrote:Why would you do all that? Sold "as-is" means just that.
    thavoice;1159906 wrote:Ya know..doing what I did and what he said he may do isnt mandatory or anything like that. I imagine it wouldnt stand up in court if someone tried to bring ya for selling a car "as is" and it being a piece of ****, but it COULD possible hold off any hassles and such. Just telling the person is one thing, but if ya have them sign a paper that ya told them may be JUST enough for them to not even attempt to hassle ya.

    I did it just out of a courtesy, and to cover my ass so I knew that he knew that I knew I told him what was ****ed up.
    That's pretty much the reason why. I know it's not required, so it'd be for peice of mind. I may not have the buyer sign it, but I'll sign it. For some reason I just have it in my mind that it'll be a bitch to sell this car. But I may be overthinking this. Thanks for the replies.

    Also, I don't have all receipts, but maybe a list of all the work I've had done on the car wouldn't be a bad idea either.
  • thavoice
    raiderbuck;1159910 wrote:That's pretty much the reason why. I know it's not required, so it'd be for peice of mind. I may not have the buyer sign it, but I'll sign it. For some reason I just have it in my mind that it'll be a bitch to sell this car. But I may be overthinking this. Thanks for the replies.

    Also, I don't have all receipts, but maybe a list of all the work I've had done on the car wouldn't be a bad idea either.
    the only car I bought from a private owner had all the receipts of the work that was done. That helped ease my worries a little bit, but then again...he could just have taken out the ones that he didnt want me to know about!!

    We came up with a decent deal....it was more than what he was gonna get on a trade in, but less than what it was selling used at other dealerships.
  • Steel Valley Football
    thavoice;1159906 wrote:Ya know..doing what I did and what he said he may do isnt mandatory or anything like that. I imagine it wouldnt stand up in court if someone tried to bring ya for selling a car "as is" and it being a piece of ****, but it COULD possible hold off any hassles and such. Just telling the person is one thing, but if ya have them sign a paper that ya told them may be JUST enough for them to not even attempt to hassle ya.

    I did it just out of a courtesy, and to cover my ass so I knew that he knew that I knew I told him what was ****ed up.

    That list is irrelevant. There are no warranties implied in a PP transaction. You're also the guy who called the cops over a stray bag of marijuana in a bank parking lot though, so...
  • thavoice
    Steel Valley Football;1160035 wrote:That list is irrelevant. There are no warranties implied in a PP transaction. You're also the guy who called the cops over a stray bag of marijuana in a bank parking lot though, so...
    Yeah, I know the list would be irrelevant...BUT if given two scenarios.
    1. You tell the buyer, he signs it, and then it breaks down.
    2. You dont tell the buyer, or just verbal to him, and it breaks down.

    What scenario would LEAST likely cause the buyer to come back to you and cause ya some headaches? Not saying that anything would ever come from it, but it could cause less hassle.

    No.

    I never called the cops over a stray bag of weed in a parking lot. Not even close dude.


    I commented that it WAS possible for a cop to appear just at that moment of a person finding/picking up a bag of pot in the parking lot. I referenced the time my sister's friend moved a construction cone from the road when someone else had moved it/hit it with the car, and she was putting it back. A cop pulled around the corner just at the time she had the cone in her hand. She got cited for something and they went to court...it got dismissed because she had 4-5 witnesses that vouched for what had happened.
  • Steel Valley Football
    thavoice;1160091 wrote:Yeah, I know the list would be irrelevant...BUT if given two scenarios.
    1. You tell the buyer, he signs it, and then it breaks down.
    2. You dont tell the buyer, or just verbal to him, and it breaks down.

    What scenario would LEAST likely cause the buyer to come back to you and cause ya some headaches? Not saying that anything would ever come from it, but it could cause less hassle.

    Neither scenario. The sale is "as-is". The buyer has no recourse.

    If he wants to hassle you after the sale, he's breaking the law in either scenario.
  • Steel Valley Football
    thavoice;1160091 wrote:
    No.

    I never called the cops over a stray bag of weed in a parking lot. Not even close dude.


    I commented that it WAS possible for a cop to appear just at that moment of a person finding/picking up a bag of pot in the parking lot. I referenced the time my sister's friend moved a construction cone from the road when someone else had moved it/hit it with the car, and she was putting it back. A cop pulled around the corner just at the time she had the cone in her hand. She got cited for something and they went to court...it got dismissed because she had 4-5 witnesses that vouched for what had happened.

    And I said you were an idiot then.

    I dont have to say it again - it's implied.
  • thavoice
    Steel Valley Football;1160112 wrote:And I said you were an idiot then.

    I dont have to say it again - it's implied.
    Well yeah I am an idiot, but that isnt the point.

    The point was that yeah, a cop could possibly see ya with that pot in your hand just as ya found it, and I bet he never heard the excuse "I Just found it" or "it isnt mine" excuse before!

    Not a likely scenario, but it could happen.


    and as I said jerkwad.......the buyer wouldnt be able to do anything as it was an 'as-is' sale, but he would me MORE LIKELY to get at ya and complain if he wasnt told about it.
    Just because ya dont like me doesnt mean ya cannot fuckin agree with something.
  • FatHobbit
    thavoice;1160147 wrote:and as I said jerkwad.......the buyer wouldnt be able to do anything as it was an 'as-is' sale, but he would me MORE LIKELY to get at ya and complain if he wasnt told about it.
    Lol, you could have blown him too and while it might have made him less likely to complain, it would have had no affect on if he was able to do anything about the car breaking down after he bought it.
  • Steel Valley Football
    thavoice;1160147 wrote:Well yeah I am an idiot, but that isnt the point.

    The point was that yeah, a cop could possibly see ya with that pot in your hand just as ya found it, and I bet he never heard the excuse "I Just found it" or "it isnt mine" excuse before!

    Not a likely scenario, but it could happen.


    and as I said jerkwad.......the buyer wouldnt be able to do anything as it was an 'as-is' sale, but he would me MORE LIKELY to get at ya and complain if he wasnt told about it.
    Just because ya dont like me doesnt mean ya cannot ****in agree with something.
    FatHobbit;1160196 wrote:Lol, you could have blown him too and while it might have made him less likely to complain, it would have had no affect on if he was able to do anything about the car breaking down after he bought it.

    /enoughsaid'd