Selling a car out of state?

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Mar 26, 2012 | 11:28 AM

#11

kolyan2k

Joined: Mar 2011

Posts: 708

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I sold out of state and buyer didnt even look at car. he gave me 10% deposit and took a flight to pick up the car and issued me a bank check which I cashed right away. not a cheap transaction too, $26k

Mar 26, 2012 | 12:06 PM

#12

dwight

Joined: Jan 2011

Posts: 2,207

Likes: 7

From: Long Island

10% deposit is huge. When I got my car, I gave the dealer under 2% ($100 or $200, I don't remember) as a deposit.

Mar 26, 2012 | 12:46 PM

#13

kolyan2k

Joined: Mar 2011

Posts: 708

Likes: 0

Quote:

Originally Posted by dwight

10% deposit is huge. When I got my car, I gave the dealer under 2% ($100 or $200, I don't remember) as a deposit.

I needed 10% because I had a few serious buyers and I needed to put down a non-refundable deposit towards another car, i couldn't afford to loose a buyer for $100-200 bucks, and buyer turned out to be very interested in my car. it was actually more like 8% not 10%

Mar 26, 2012 | 04:41 PM

#14

Toreus

Registered User

Joined: Jun 2008

Posts: 302

Likes: 0

From: Fairfax, VA

Quote:

Originally Posted by g0g3tt4

I bought out of state. It's the buyer that has to jump through the hoops. Plane ticket to come see it, cash or cashiers check made out to you that has to clear the bank before you jump through the paper hoops after the monetary transaction. Simple as that, anything less... no deal.

Absolutely this. I bought my S out of state, I flew to the seller with the cashiers check made. I wasn't afraid to go home empty handed, either. But short story: buyer needs to jump through the hoops.