Stang is sold, need advice!

L8 MUSL · Jul 14, 2005

Well, almost.
I've got a guy on the East coast who has his loan, we have agreed to the price and the cost of shipping but he is wondering what we can do to make him comfortable with wiring thousands of dollars to me, a guy he has never met, for a car he has only seen in pictures.

Any suggestions?

Anyone have experiance with doing a deal like this?

Thanks for your help guy's

L8 MUSL · Jul 15, 2005

Where are all my SCUM and Stang brothers?

Gud T.B. Blown · Jul 15, 2005

try using an online escrow service. i never used on myself but check in ebay, with all of the cars sold there i'm sure you can find a referral for one.

strokedandblown · Jul 15, 2005

If i were the sender i would want a Copy of your Passport, Drivers LIcense, and Power bill. I would first wire you half then request the title by fed ex. when title was recieved i would send a cashiers check made out to you with the service that picks up the car. Thats the best thing to do minus flying out.

L8 MUSL · Jul 15, 2005

Good ideas.
I would like to avoid any broker service to avoid any more fees.
Maybe I could have him make out a cashiers check to me and mail it to the auto transport company then he would know that I get the check when the car is picked up, hmmmm.

strokedandblown · Jul 15, 2005

you need to call the issueing bank tell them the numbs on the bottom of check and see if its real. If its under 10k i would just want cash, but if he is getting a loan that might not be possible

M8KMDAY · Jul 15, 2005

L8 MUSL said:
Good ideas.
I would like to avoid any broker service to avoid any more fees.
Maybe I could have him make out a cashiers check to me and mail it to the auto transport company then he would know that I get the check when the car is picked up, hmmmm.

Bill

Ask John. He sold his car to a guy back East, ask him about the transaction and who he worked with..........

Oh .....by the way! Nice taking to you again

L8 MUSL · Jul 15, 2005

M8KMDAY said:
Bill

Ask John. He sold his car to a guy back East, ask him about the transaction and who he worked with..........

Oh .....by the way! Nice taking to you again

I know I know, I'm lame.
Sorry I didn't return your call.

L8 MUSL · Jul 15, 2005

strokedandblown said:
you need to call the issueing bank tell them the numbs on the bottom of check and see if its real. If its under 10k i would just want cash, but if he is getting a loan that might not be possible

Yeah, it's over 10K and he did get a loan but he is now saying he is just going to do a wire transfer.
He say's he trusts me.
I know I'm not going to ship the car untill the money is in my acount.

Now there is another issue, I guess I didn't realize he is going to have to pay tax on the sale?
And why should he have to pay tax in the state of Florida when the car is really being sold here in California?
I can write him a bill of sale for less so that he has to pay less but will that catch up to him some how later with the loan company holding the title ?

strokedandblown · Jul 15, 2005

Well i sell industrial equip. I know that Cali. has wierd tax laws, and If i were you i would give him a bill of sale with the #'s left out and let him do any of the monkeying around, he will know what he needs to save him a couple bucks.
Also take many pics of the car when it gets loaded on and miles and keep very good documentation, in case something happens durring shipment..
good luck

Johns89lx · Jul 15, 2005

L8 MUSL said:
Yeah, it's over 10K and he did get a loan but he is now saying he is just going to do a wire transfer.
He say's he trusts me.
I know I'm not going to ship the car untill the money is in my acount.

Now there is another issue, I guess I didn't realize he is going to have to pay tax on the sale?
And why should he have to pay tax in the state of Florida when the car is really being sold here in California?
I can write him a bill of sale for less so that he has to pay less but will that catch up to him some how later with the loan company holding the title ?

Congratulations (well almost)! I don't think I'd offer to lie on the bill of sale for him with a lender involved.

Be sure you notify the CA DMV asap when the vehicle is sold and indicate on the bill of sale that title was transferred when his shipping company picked up the vehicle.

Now, what year vette ya gonna get????

Beau · Jul 15, 2005

Bill better not get an old-man mobile...time for an 03/04 cobra or lightning!!

or i can give him a super special price on my car

Johns89lx · Jul 15, 2005

1990StangLX said:
Bill better not get an old-man mobile...time for an 03/04 cobra or lightning!!

What do you think a truck is???????

L8 MUSL · Jul 15, 2005

Johns89lx said:
Congratulations (well almost)! I don't think I'd offer to lie on the bill of sale for him with a lender involved.

Be sure you notify the CA DMV asap when the vehicle is sold and indicate on the bill of sale that title was transferred when his shipping company picked up the vehicle.

Now, what year vette ya gonna get????

Very good points John!

And, I can't remember what year Vette it was that came with a supercharged 5.4, 500 ft lbs of torque and a bed, but that's the one I'ma gonna get

L8 MUSL · Jul 15, 2005

strokedandblown said:
Well i sell industrial equip. I know that Cali. has wierd tax laws, and If i were you i would give him a bill of sale with the #'s left out and let him do any of the monkeying around, he will know what he needs to save him a couple bucks.
Also take many pics of the car when it gets loaded on and miles and keep very good documentation, in case something happens durring shipment..
good luck

All very good input and thank you!

L8 MUSL · Jul 15, 2005

Johns89lx said:
What do you think a truck is???????

Yeah but one that will beat up on a Vette (at least when I'm done with it) with a surfboard and my dog in the back?
(that's a funny mental picture)

L8 MUSL · Jul 15, 2005

1990StangLX said:
Bill better not get an old-man mobile...time for an 03/04 cobra or lightning!!

Don't worry.

still bleedin Ford blue.

Beau · Jul 15, 2005

Johns89lx said:
What do you think a truck is???????

an F150 Lightning

Johns89lx · Jul 15, 2005

L8 MUSL said:
Very good points John!

And, I can't remember what year Vette it was that came with a supercharged 5.4, 500 ft lbs of torque and a bed, but that's the one I'ma gonna get

Ah, you mean the new C6 Z06 due out this fall. The bed is a little on the smallish side, it's 7 liters and N/A, but so what?? Good choice!!

Johns89lx · Jul 15, 2005

L8 MUSL said:
Yeah but one that will beat up on a Vette (at least when I'm done with it)

Not if there's a corner involved......

Stang is sold, need advice!

L8 MUSL

Active Member

L8 MUSL

Active Member

Gud T.B. Blown

Member

strokedandblown

Banned

L8 MUSL

Active Member

strokedandblown

Banned

M8KMDAY

New Member

L8 MUSL

Active Member

L8 MUSL

Active Member

strokedandblown

Banned

Johns89lx

New Member

Beau

Johns89lx

New Member

L8 MUSL

Active Member

L8 MUSL

Active Member

L8 MUSL

Active Member

L8 MUSL

Active Member

Beau

Johns89lx

New Member

Johns89lx

New Member

Similar threads

Stang is sold, need advice!

Active Member

Active Member

Member

Banned

Active Member

Banned

New Member

Active Member

Active Member

Banned

New Member

New Member

Active Member

Active Member

Active Member

Active Member

New Member

New Member

Similar threads

Privacy & Transparency

Privacy & Transparency