Looking for Sellers Advice
Thread Starter
Intermediate
Joined: Jan 2007
Posts: 28
Likes: 0
From: Oakton, Va
Looking for Sellers Advice
Hell-o all. Looking for some advice. My 964 for is up for sale, the car is located in Northern Virginia. Most of the attention is coming from West Coast and European potential buyers. How do you determine the legitimacy of a buyer who will never see the car and what is the best way to handle the transaction of funds and vehicle?
I do spend a lot of time answering questions about the car and I’ve heard some crazy stories. Some are quite obvious scams. Like the Oceanographer on a boat in the middle of the Pacific who wants to buy the car for his Dad as a surprise, has no access to his online banking but wants me to set up and accept a Paypal payment for the full price!
That is the extreme. Most of the correspondence I’ve been getting has been very genuine. In the world of online transactions, I’m just looking for the best way/right way to do the deal once the terms are agreed upon. Thanks in advance. Kevin B
I do spend a lot of time answering questions about the car and I’ve heard some crazy stories. Some are quite obvious scams. Like the Oceanographer on a boat in the middle of the Pacific who wants to buy the car for his Dad as a surprise, has no access to his online banking but wants me to set up and accept a Paypal payment for the full price!
That is the extreme. Most of the correspondence I’ve been getting has been very genuine. In the world of online transactions, I’m just looking for the best way/right way to do the deal once the terms are agreed upon. Thanks in advance. Kevin B
Banned
Joined: May 2008
Posts: 7,299
Likes: 19
From: Arlington Heights, IL
There was a recent post about this. I'll try to find, and link here.
One piece of advice....become a Rennlist Member, so you can properly advertise the car here. Great place to buy & sell.
Good luck.
One piece of advice....become a Rennlist Member, so you can properly advertise the car here. Great place to buy & sell.
Good luck.
Drifting
Joined: Dec 2009
Posts: 2,140
Likes: 76
From: Austin, Texas
You have two assets that are generally needed.
The car and the title.
They have one that can be split up. $$$
I have had success putting a deposit down,
then receiving bill of sale.
Then sending balance when the car is loaded on transport.
Then have seller overnight title.
Most cases I have been buying broken Boxsters -- so my values have
not been as high as yours.
GLWS,
Mike
The car and the title.
They have one that can be split up. $$$
I have had success putting a deposit down,
then receiving bill of sale.
Then sending balance when the car is loaded on transport.
Then have seller overnight title.
Most cases I have been buying broken Boxsters -- so my values have
not been as high as yours.
GLWS,
Mike
Banned
Joined: May 2008
Posts: 7,299
Likes: 19
From: Arlington Heights, IL
Kevin, some good transaction advice was in this recent post:
https://rennlist.com/forums/993-foru...ce-needed.html
https://rennlist.com/forums/993-foru...ce-needed.html
Rennlist Member
Joined: Jun 2001
Posts: 1,149
Likes: 752
From: Colorado
As you have discovered most of these transactions start out as emails. I dont post my phone number on the ad, that way you can filter thru the ridiculous oceanic requests etc. Legitimate buyers will want to talk to you, get a feel for the car, YOU, what you have done to the car...a gut check. Google the buyers name, see what you come up with...usually you can find an address or something that should corroborate buyers location
Most likely a PPI should be expected, at buyers expense.
Once terms are agreed upon request a WIRE TRANSFER of funds. Quick, easy, traceable. This should only take one day max, maybe two days if its an overseas buyer. Any longer, you are going to start getting stories, excuses & BS.
Once funds are confirmed in your account via WT, you should overnight title to buyer. Buyer should arrange pick-up of vehicle within reasonable amount of time.
I have bought & sold several vehicles this way, never had an issue.
Good luck wiith the sale !
Most likely a PPI should be expected, at buyers expense.
Once terms are agreed upon request a WIRE TRANSFER of funds. Quick, easy, traceable. This should only take one day max, maybe two days if its an overseas buyer. Any longer, you are going to start getting stories, excuses & BS.
Once funds are confirmed in your account via WT, you should overnight title to buyer. Buyer should arrange pick-up of vehicle within reasonable amount of time.
I have bought & sold several vehicles this way, never had an issue.
Good luck wiith the sale !
Three Wheelin'
Joined: Apr 2006
Posts: 1,926
Likes: 5
From: Seattle xburb - I can't see the Emerald City, but I know it's out there somewhere
I've purchased several vehicles long-distance, but only from licensed dealers with a verifiable brick-and-mortar presence. I've used overnighted cashier's checks and wire transfers. I have to tell you that even in those situations, when it's a high-value vehicle, I still carry that little pang of uneasiness until A) the seller tells me he got the money, B) the transporter notifies me that he has possession of the vehicle, and C) I get that FedEx with the title in it. If I were buying from an individual, it would be tough for me to fire off that money into an account, no matter how warm and fuzzy I got with him. I'd suggest looking into an escrow company to conduct the transaction. I guess if you're the seller and the buyer has no problem with it, then it's all good... I'm just the wary type. Just my $.02.
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Rennlist Member
Rennlist Member
Joined: Mar 2003
Posts: 9,066
Likes: 1,196
From: NY Tri-State
There is some good advice in these posts.
1) To take the car off the market, you should receive a small deposit (wire transfer preferred) and execute a bill of sale (domestic or international buyer)
2) PPI at a local shop should be done at buyer's expense and should be set up by him. You simply provide the car
3) Provided the PPI checks out and AFTER receipt of full payment (wire transfer preferred) you can send the signed title to the buyer via FedEx/UPS
4) Buyer arranges pick-up and shipping
I have bought my RSA this way.
In case of sight unseen purchases, the buyer takes all the risk. You should take none.
1) To take the car off the market, you should receive a small deposit (wire transfer preferred) and execute a bill of sale (domestic or international buyer)
2) PPI at a local shop should be done at buyer's expense and should be set up by him. You simply provide the car
3) Provided the PPI checks out and AFTER receipt of full payment (wire transfer preferred) you can send the signed title to the buyer via FedEx/UPS
4) Buyer arranges pick-up and shipping
I have bought my RSA this way.
In case of sight unseen purchases, the buyer takes all the risk. You should take none.
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