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YOUR RESEARCHPrivate Party Deal Question
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Check will be made out
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As I said the check will be made out to the title on the pink slip.
Leading evidence: 'Check will be made out' (no explicit attributable resolution; this is a reported action or suggestion). Across 1 matching discussions, The most frequently discussed action is 'Check will be made out' (1 discussions). For that action, 0 discussions report a resolution and 0 report an unsuccessful attempt. No action has an explicit, attributable resolution report under the current rules. These are forum reports and suggestions, not a confirmed diagnosis.
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Ok folks, looks like I may have found the one but I have a question in regards to buying this car. The owner of the car has moved to the east coast and he is having a friend sell the car for him. He has a signed title (undated) as well as all the records. I will be paying his friend the funds in cashiers check in the owners name. The owner seems to be well off and it seems his friend is allow to make the decisions on the negotiations. The owners wife is still in town but is not on title but she is not involved in the sale of the car. As I said the check will be made out to the title on the pink slip. Is there any redflags you guys see here.
Have you been in touch with his wife. She could maybe verify that the deal is up and above board. I mean for all you know the owner could be sitting in Prison somewhere or owes the seller a load of momney from a drug deal. Not that that would make any differance to the deal in question other than he may have stolen the car to settle the debt. But where he is has no bearing on the sale of the car. Does the guy selling it have anything from the owner to say that he has a right to be selling the car? If not then I would ask for at least a phone number to get in touch with the owner. He must have his address on the east coast. If it was me I think I would be talking to the Police and ask them what to do. It could be stolen. People keep repair and service documents in the glove box along with Insurance and registration documents (Title) in the States. Out of curiosity, where was the vehicle advertised for sale?
This deal kinda smells funny. I don't know but I would be VERY careful. Get owners phone number and call him at least. Titles and documents can be forged. I almost made a really bad decision when I was looking for my Porsche years ago with a car on ebay located in Canada. I was so excited I lost my objectivity and sensibility. This was the early days of ebay (for me) and I thought it was all on the up and up. He wanted me to wire the money (45k) for the car to his bank and he would ship the car to me. I finally came to my senses and realized there was no car in Canada. I think the purported seller had just taken pictures of somebody elses car on the street and tried to sell it! When I told him I would drive 7 hours to come check it out in person, he suddenly got scarce and wouldn't respond to my calls and emails. I called the RCMP but they couldn't do anything I guess.
if the deal is good I'd make sure that the everything was legit. dot all i's and cross all t's... go to dmv and make sure it transfers over before giving the check....
If I was moving to East Coast I would probably have my buddy sell the car and not the wife ....
Go to DMV together to do the title transfer - that will give you some protection ...
FWIW, I agree w/hurdigurdiman's cautions...get spouse's written concurrence on the deal. There could be a court order prohibiting the sale of any major assets as part of a pre-divorce settlement process...stranger things have happened.
relinuca
I would get a written letter from the owner stating that it is his intent is to sell the car for XX dollars, and make sure he has it notarized. The notary will have to verify his information (ID, etc) before they put their notary stamp on it. Not bullet proof, but at least you know he has been vetted somehow. If the deal is shady, ANYBODY could be on the other end of the phone purporting to be the seller, and you would have no idea. At least with a notarized document, there is some due diligence that has taken place.
