Seller Question - Was dealer in the wrong?
03-25-2022, 01:52 PM
#1
Rennlist Member
Thread Starter
Seller Question - Was dealer in the wrong?
Hi friends,
I posted my 718 for sale in Rennlist Marketplace and got an offer from a dealer in Florida. Agreed on price, then dealer insisted I complete a Power of Attorney for the vehicle.
I declined and walked away. Has anyone ever signed a power or attorney to complete a sale? He claims it was in case they ever lost the title- and wanted power of attorney for 2 individuals which I've never met.
It sounds very suspect and my attorney suggested this was possibly a scam. At the same time, the dealer has been in business for 10+ years (although they have a yahoo.com email address). I guess end of day if you aren't comfortable, you walk away. Was just curious if the power of attorney aspect raises red flag for anyone else?
Thx!
ps - this isn't a sale post, but if you're looking for a Miami Blue - manual drive...
I posted my 718 for sale in Rennlist Marketplace and got an offer from a dealer in Florida. Agreed on price, then dealer insisted I complete a Power of Attorney for the vehicle.
I declined and walked away. Has anyone ever signed a power or attorney to complete a sale? He claims it was in case they ever lost the title- and wanted power of attorney for 2 individuals which I've never met.
It sounds very suspect and my attorney suggested this was possibly a scam. At the same time, the dealer has been in business for 10+ years (although they have a yahoo.com email address). I guess end of day if you aren't comfortable, you walk away. Was just curious if the power of attorney aspect raises red flag for anyone else?
Thx!
ps - this isn't a sale post, but if you're looking for a Miami Blue - manual drive...
03-25-2022, 02:05 PM
#2
It’s not unheard of but I wouldn’t do it. Why would you need to? In the current market you’ll have no problem selling a good 718 at a fair price.
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ldamelio (03-25-2022)
03-25-2022, 04:36 PM
#4
Burning Brakes
Wow. Yeah. No, YOU'RE in the wrong here. I've signed a power of attorney for every one of the 20+ cars I've sold to dealers. This helps them process title work and so on. It's literally standard operating procedure and is limited in scope of what that power of attorney is over. For example, the one in Texas.
A Texas Motor Vehicle Power of Attorney (Form VTR-271), also known as a “Power of Attorney To Transfer Motor Vehicle,” is the paperwork a vehicle owner can use to grant authority to another person to perform certain administrative tasks for their vehicle. For instance, such an agent may transfer titles to a motor vehicle in Texas using the principal vehicle owner’s name. This is a type of limited power of attorney that pertains to transferring title of motor vehicles only.
Last edited by TXRubicon; 03-25-2022 at 04:38 PM.
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whojoemama (03-27-2022)
03-25-2022, 06:30 PM
#6
RL Community Team
Rennlist Member
Rennlist Member
Might seem reasonable if you had a lien on the title…if you had a clear title in hand seems excessive. Just sign the title over?
03-25-2022, 08:29 PM
#7
Rennlist Member
Thread Starter
Since I have no loan on the vehicle, once i transfer the title, there's no legal transactions that I need to be a part of. power of attorney is a powerful document and although limited in scope to a specific VIN, has literally no application that can benefit me. but it can be used to take actions in my name that can create liability. The doc may help for some situations but is not at all a requisite to execute a lawful sale transaction.
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03-26-2022, 12:02 AM
#8
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Since I have no loan on the vehicle, once i transfer the title, there's no legal transactions that I need to be a part of. power of attorney is a powerful document and although limited in scope to a specific VIN, has literally no application that can benefit me. but it can be used to take actions in my name that can create liability. The doc may help for some situations but is not at all a requisite to execute a lawful sale transaction.
03-27-2022, 12:59 PM
#10
Rennlist Member
Hi friends,
I posted my 718 for sale in Rennlist Marketplace and got an offer from a dealer in Florida. Agreed on price, then dealer insisted I complete a Power of Attorney for the vehicle.
I declined and walked away. Has anyone ever signed a power or attorney to complete a sale? He claims it was in case they ever lost the title- and wanted power of attorney for 2 individuals which I've never met.
It sounds very suspect and my attorney suggested this was possibly a scam. At the same time, the dealer has been in business for 10+ years (although they have a yahoo.com email address). I guess end of day if you aren't comfortable, you walk away. Was just curious if the power of attorney aspect raises red flag for anyone else?
Thx!
ps - this isn't a sale post, but if you're looking for a Miami Blue - manual drive...
I posted my 718 for sale in Rennlist Marketplace and got an offer from a dealer in Florida. Agreed on price, then dealer insisted I complete a Power of Attorney for the vehicle.
I declined and walked away. Has anyone ever signed a power or attorney to complete a sale? He claims it was in case they ever lost the title- and wanted power of attorney for 2 individuals which I've never met.
It sounds very suspect and my attorney suggested this was possibly a scam. At the same time, the dealer has been in business for 10+ years (although they have a yahoo.com email address). I guess end of day if you aren't comfortable, you walk away. Was just curious if the power of attorney aspect raises red flag for anyone else?
Thx!
ps - this isn't a sale post, but if you're looking for a Miami Blue - manual drive...
03-28-2022, 02:13 AM
#12
Instructor
I've never heard of such a thing. But then I thought back, and in almost 50 years of car ownership, I have never sold or traded a car to a dealer. Always sold directly to private parties. So I probably would have been just as spooked by this request as the OP was.