old member-new ride
#1
Pro
Thread Starter
old member-new ride
Hey all- Been away from the p-car world for almost 9yrs when I sold my 964 (DOH!!!) to a buddy...You know the old p-car selling sob story, the kiddos had sports, school stuff, marriage, work, locust, plague, yada yada...
Well I was recently test driving caymans so thought would end up on the dark side but no...so instead yday I was a bit bored at work and picked this up on BAT for 20k https://bringatrailer.com/listing/20...911-carrera-21 so much for a PPI ...LOL
Now I am flying to SLC next Thursday (yes T-giving) with my 16yo son to drive her back to NJ...someone say road trip?!?
Just need to sort out payment with seller...he just emailed preference for a wire transfer BUT I prefer using a certified check (wells fargo) and exchanging for title in person, notary etc and would scan/email copy of the check prior as proof...any thoughts?
Plan is to get her ready over the winter for some track days next spring at NJMP.
Well I was recently test driving caymans so thought would end up on the dark side but no...so instead yday I was a bit bored at work and picked this up on BAT for 20k https://bringatrailer.com/listing/20...911-carrera-21 so much for a PPI ...LOL
Now I am flying to SLC next Thursday (yes T-giving) with my 16yo son to drive her back to NJ...someone say road trip?!?
Just need to sort out payment with seller...he just emailed preference for a wire transfer BUT I prefer using a certified check (wells fargo) and exchanging for title in person, notary etc and would scan/email copy of the check prior as proof...any thoughts?
Plan is to get her ready over the winter for some track days next spring at NJMP.
#2
Instructor
Welcome back.
Yes. In person with a certified check is the way to go. Should be a fun road trip, look out for snow/ice.
I know how you feel selling your 964. I sold my 1992 964 C2 back in 2002, Doh! I ended up recently getting a 1999 C4 and am now setting it up as a track car now.
Enjoy!
Yes. In person with a certified check is the way to go. Should be a fun road trip, look out for snow/ice.
I know how you feel selling your 964. I sold my 1992 964 C2 back in 2002, Doh! I ended up recently getting a 1999 C4 and am now setting it up as a track car now.
Enjoy!
#4
Rennlist Member
Yes, wire transfer bad idea. Unless you are on the phone with the receiving bank and get the codes by phone from the bank. A friend of mine used an e-mail (that was fake) for the codes and lost a lot of $$$.
#5
I usually make arrangements to meet at a bank and do the transaction there. Sometimes cash....sometimes cashiers check.
Just double check the title. I purchased a car on MO. They handed me title and I handed them cash. no problem. Except in MO they will issue you a title with a lien still on the vehicle. I didn't know that. In Illinois, the lender will keep custody of the title until loan is paid off. I live in IL so I assumed title was clear when they handed it to me.
Couldn't get the car titled for a few weeks.
It all worked out, it was just a little PITA going back and forth to get more paperwork.
Just double check the title. I purchased a car on MO. They handed me title and I handed them cash. no problem. Except in MO they will issue you a title with a lien still on the vehicle. I didn't know that. In Illinois, the lender will keep custody of the title until loan is paid off. I live in IL so I assumed title was clear when they handed it to me.
Couldn't get the car titled for a few weeks.
It all worked out, it was just a little PITA going back and forth to get more paperwork.
#6
Rennlist Member
Glad to hear it and welcome back!
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#8
Seller here. One thing I realized is that cash is an option in the bank. I could let you drive it & look over the receipts, then transfer payment and keys at the bank. Since it would be a branch of your bank, no need to travel with any funds and no lag on processing.
#9
Seller here. One thing I realized is that cash is an option in the bank. I could let you drive it & look over the receipts, then transfer payment and keys at the bank. Since it would be a branch of your bank, no need to travel with any funds and no lag on processing.
#11
Pro
Thread Starter
Thanks to all for the replies!...and thanks to the seller for a great car! Looking forward to driving her back with my son...
Tony- Agree, think your cash idea at a wells branch makes the most sense for both of us. We can also have the bill of sale notarized for free at the bank.
Since the title will not be in sellers hands till about Dec1 is a bill of sale and possession enough protection in case the state delays title release or it gets lost etc?
What about in-transit tag? Do I have seller leave Utah plates on and send back when he has title? Or does that pose a risk for the seller from a liability standpoint? Obviously I will have vehicle insured for my trip back. I checked on NJ DMV website and 30d transit tag requires title?
Any thoughts? Not sure what I did when I bought my 964. Think seller left tags on vehicle as they conveyed...some states I know the tag stays with vehicle and some the tag belongs to person...
Tony- Agree, think your cash idea at a wells branch makes the most sense for both of us. We can also have the bill of sale notarized for free at the bank.
Since the title will not be in sellers hands till about Dec1 is a bill of sale and possession enough protection in case the state delays title release or it gets lost etc?
What about in-transit tag? Do I have seller leave Utah plates on and send back when he has title? Or does that pose a risk for the seller from a liability standpoint? Obviously I will have vehicle insured for my trip back. I checked on NJ DMV website and 30d transit tag requires title?
Any thoughts? Not sure what I did when I bought my 964. Think seller left tags on vehicle as they conveyed...some states I know the tag stays with vehicle and some the tag belongs to person...
#12
Drifting
Congratulations. Nice car!
#13
Burning Brakes
Thanks to all for the replies!...and thanks to the seller for a great car! Looking forward to driving her back with my son...
Tony- Agree, think your cash idea at a wells branch makes the most sense for both of us. We can also have the bill of sale notarized for free at the bank.
Since the title will not be in sellers hands till about Dec1 is a bill of sale and possession enough protection in case the state delays title release or it gets lost etc?
What about in-transit tag? Do I have seller leave Utah plates on and send back when he has title? Or does that pose a risk for the seller from a liability standpoint? Obviously I will have vehicle insured for my trip back. I checked on NJ DMV website and 30d transit tag requires title?
Any thoughts? Not sure what I did when I bought my 964. Think seller left tags on vehicle as they conveyed...some states I know the tag stays with vehicle and some the tag belongs to person...
Tony- Agree, think your cash idea at a wells branch makes the most sense for both of us. We can also have the bill of sale notarized for free at the bank.
Since the title will not be in sellers hands till about Dec1 is a bill of sale and possession enough protection in case the state delays title release or it gets lost etc?
What about in-transit tag? Do I have seller leave Utah plates on and send back when he has title? Or does that pose a risk for the seller from a liability standpoint? Obviously I will have vehicle insured for my trip back. I checked on NJ DMV website and 30d transit tag requires title?
Any thoughts? Not sure what I did when I bought my 964. Think seller left tags on vehicle as they conveyed...some states I know the tag stays with vehicle and some the tag belongs to person...
#14
Thanks to all for the replies!...and thanks to the seller for a great car! Looking forward to driving her back with my son...
Tony- Agree, think your cash idea at a wells branch makes the most sense for both of us. We can also have the bill of sale notarized for free at the bank.
Since the title will not be in sellers hands till about Dec1 is a bill of sale and possession enough protection in case the state delays title release or it gets lost etc?
What about in-transit tag? Do I have seller leave Utah plates on and send back when he has title? Or does that pose a risk for the seller from a liability standpoint? Obviously I will have vehicle insured for my trip back. I checked on NJ DMV website and 30d transit tag requires title?
Any thoughts? Not sure what I did when I bought my 964. Think seller left tags on vehicle as they conveyed...some states I know the tag stays with vehicle and some the tag belongs to person...
Tony- Agree, think your cash idea at a wells branch makes the most sense for both of us. We can also have the bill of sale notarized for free at the bank.
Since the title will not be in sellers hands till about Dec1 is a bill of sale and possession enough protection in case the state delays title release or it gets lost etc?
What about in-transit tag? Do I have seller leave Utah plates on and send back when he has title? Or does that pose a risk for the seller from a liability standpoint? Obviously I will have vehicle insured for my trip back. I checked on NJ DMV website and 30d transit tag requires title?
Any thoughts? Not sure what I did when I bought my 964. Think seller left tags on vehicle as they conveyed...some states I know the tag stays with vehicle and some the tag belongs to person...
Great, payment squared away
For the title, I'll have a bill of sale from the bank. That plus possession should work though waiting an extra week would allow title processing and I could hand it to you directly. Whichever fits your schedule best. There's an outside chance I have to travel the first week of December but that's looking doubtful right now.
You can keep the Utah plates. I'll keep it insured through USAA until the title is in your name. You should have it insured from day one so both of us are protected. Even if you were able to get temp tags it's likely easier to keep the Utah ones on and then clean up with a formal temp tag from NJ once it's available.