Selling a Marauder

[SideshowBob]

Yesterday while fueling up near my home, a guy driving a Dodge Magnum pulls up behind me and yells at me out his window that he loves my car. He proceeds to get out of his car and start taking pictures of my Marauder with his cell phone so he can show them to his girlfriend. He tells me he wants to get a Marauder and that a local dealer (I don't know which one, he didn't say) has one advertised for $18K. He asks me to keep him in mind if I ever want to sell. No real offer was made, other than when I complimented his Magnum he said he'd trade cars with me and throw in $3K. While the wife and I have occasionally mused upon the idea of selling our MM, we haven't actually decided to do so and this guy's interest and excitement kind of threw me off balance at the time, so I didn't think to say something intelligent like, "Sure, I'll sell it to you $18 thou!" Doh!

Anyway, now that the idea has settled in, I'm wondering about the whole private-seller process. I've never sold a car for cash to a private-buyer for more than $500 or so. All of my new or late model vehicle purchases have been from dealers and financed. I've heard horror stories of guys selling cars and getting cashier's checks that turn out to be phony. I wouldn't be comfortable walking around with an envelope stuffed with that kind of cash. What's the best way to sell a high-dollar item like a car and ensure that you don't get ripped off?

[thathotrodlincn]

You and the buyer go to the bank Where he keeps his funds, have them issue (in your presence) issue a money order in your name, or, if you both deal with the same bank have the funds directly transferred to your account.

[SideshowBob]

You and the buyer go to the bank Where he keeps his funds, have them issue (in your presence) issue a money order in your name, or, if you both deal with the same bank have the funds directly transferred to your account.


Do banks and credit unions do electronic transfers to other banks?

[Got_1]

make sure it is a stamped money order from the bank. i also like to take down their drivers license info in case their is an issue with money you have someone to go after.

[J-MAN]

If you have a problem in Vegas my friends Bruno and Otto at the Sunshine Collection Agency might give you a hand.

[Mercguy04]

The guy whats to give you $18K on the spot???? Questionable at best.
The other guys here have some good ideas
You have too make sure the money is not funny money if you take cash.
He needs to give you a Bank check and wait for it to clear.
On the spot deals are dangerous, who knows who else is around.
If you have any friends that are cops, ask them to watch your back.
Just be very carful.

[Shaijack]

A check issued from his bank is good also. Not a personal check a BANK check. Easy to get and good as cash.

[SideshowBob]

So I'm hearing that the best method is to personally go with him to his bank and witness the check being drawn up. No way for him to change his mind and stop payment after I walk out the door?

[F8LBITEva]

Let the buyer know up front, he wont get the title until the money is in your account. Or if he insists on cash ask him to meet at your bank and make the deal inside. Have the bank verify the bills.

[Bigdogjim]

So I'm hearing that the best method is to personally go with him to his bank and witness the check being drawn up. No way for him to change his mind and stop payment after I walk out the door?

It is call a chaishers(sp?) check and once it is printed/stamped my the bank with your name onit it is a "done deal" :)

[SideshowBob]

The guy whats to give you $18K on the spot???? Questionable at best.
The other guys here have some good ideas
You have too make sure the money is not funny money if you take cash.
He needs to give you a Bank check and wait for it to clear.
On the spot deals are dangerous, who knows who else is around.
If you have any friends that are cops, ask them to watch your back.
Just be very carful.


The only "offer" he made was his car + 3 grand. I didn't go into the specifics of his car, so I have no idea what it's worth. He said a local dealer had a Marauder for $18K, but he did not say if he was willing to pay that.

My inclination is to keep the Marauder since it's paid for, only 54K miles, etc. However, the wife would like something easier to get into and out of, like a pickup or SUV (she has hip pain and it's getting worse). There is a Lincoln Blackwood at a nearby dealer I might check out this week. I've always liked the Blackwood and we'd still have a rare and unique FoMoCo vehicle to take to local car shows. We'll see...

[Spectragod]

I have done many deals for cash, no real issues for me. I am always wary of cashiers checks, as they can be forged. Your bank can call the bank that the cashiers check is drawn on to verify it's existence and the funds in the account.

The one H-D I sold, the guy paid with a cashiers check, I (and him) went to my bank and verified that the account and funds were real before I signed the title over. The second H-D, they guy gave me an envelope full of C-notes.

It's whatever your most comfortable with. My opinion, the MM is limited production, the Magnum isn't.

[sailsmen]

HE may have an order on your car and will steal it.

Many areas have auto title cos for a nominal fee they will handle the transactions, just make sure they are a legit company.

Or as stated go to his bank to be with him when he gets the cashiers check. Open a savings account at his bank and get immediate credit into your account.

Give him a bill of sale pending funds to be cleared and hold title.

Never make the transaction at your house, always a public place during the day. I don't even let people come over to the house to view it, always a public place during the day.

[Spectragod]

Mmmmm wow, I believe in being cautious too, but..........

[Motorhead350]

Don't learn how to do it. Keep the car.

[sailsmen]

Mmmmm wow, I believe in being cautious too, but..........

It's unfortunate that one has too. There was a report here about someone who met someonelse to sell MM wheels and he was murdered in the process.
("Thoughts and prayers

--------------------------------------------------------------------------------

I have a young mans 04 S/C Marauder here now for three weeks, we installed 4:10's in the car and some minor items, then the speedo quit, this was right before the shoot out, and he missed it, well we found the issue was the air pump was burnt up and was shorted to ground, this took out the power steering assist as well, I have fixed that, but the compass is not right and the cruise does not work, along with that once the car starts up and is put in gear the doors should auto lock, well Larry and his friend went to look at some wheels and rims for his friend this week, when they got there it was a set up, Larry's friend was shot five times and is in critical condition, Larry was shot in the back and is recovering, I have a concealed weopns permit I hope I have to never use it, and wish Larry and his friend a speedy recovery.")


Criminals are opportunist, take away the opportunity and you take away the criminal.

I know 4 people who were murdered, none were engaged in criminal activity and only one knew their killer. All were unarmed.

[gdsqdcr]

Wow! I am cautious some of you are a lot more leary than I am.

Come to my house to see the car--no issues with me. If I don't like the way you look, I don't open the door. Simple. I have sold many cars privately over the years -- never taken a personal check but cash, bank checks, no issues. Even when I sold a vehicle to a friend (which I avoid like the plague) I would not take his personal check.

Yeah, be careful when you sell. Be aware of who is coming and your surroundings. Confirm payment before giving the title up and make sure your bill of sale says that.

Anthony

[MERCMAN]

The only "offer" he made was his car + 3 grand. I didn't go into the specifics of his car, so I have no idea what it's worth. He said a local dealer had a Marauder for $18K, but he did not say if he was willing to pay that.

My inclination is to keep the Marauder since it's paid for, only 54K miles, etc. However, the wife would like something easier to get into and out of, like a pickup or SUV (she has hip pain and it's getting worse). There is a Lincoln Blackwood at a nearby dealer I might check out this week. I've always liked the Blackwood and we'd still have a rare and unique FoMoCo vehicle to take to local car shows. We'll see...

I have a Blackwood with 42K,, trade you even-up!!

[Bigdogjim]

I have a Blackwood with 42K,, trade you even-up!!

Don't temp me:) ps: 58K

[Mr. Man]

When I bought mine I had a long talk with the guy on the phone and he answered all my questions and he never seemed like I was talking up his time. I then went to look at it and we talked some more and reached an agreement. I gave him a bank cashiers check the next day and the deal was done. Now he was the guy selling and I am an honest guy but he didn't know me from Adam so I guess it comes down to listening to that little voice in your head. If it's going off listen to it. I would think that rip offs are pretty infrequent not to say they don't happen but you can't go through life thinking everybody is out to get you, it just takes to much energy.:)

[tbone]

Just call the bank the cashiers check is drawn from and confirm it. Or better yet, have a wire transfer done. Call your own bank and confirm the funds are deposited.

[Vortex]

Only way I sell cars privately is when money is electronically received in my checking account. Then they get the car and title. Also (in Texas anyway) pull your plates, that way he has to go register it in his name. Too many scammers and too much counterfeit out there; CYA.

[SideshowBob]

I have a Blackwood with 42K,, trade you even-up!!


Bring it out here to Vegas and we'll talk.

[JoeBoomz]

Just call the bank the cashiers check is drawn from and confirm it. Or better yet, have a wire transfer done. Call your own bank and confirm the funds are deposited.

tbone is bang on, this is the easiest way. Some buyers won't be interested in a wire transfer however because they don't receive the car until after they've given the money.

What I've done in the past that works well is to get the buyer to send me a picture of their bank draft for the purchase of the vehicle. Send or bring the picture in to the issuing bank and they can tell you on the spot whether it is legit by verifying their records (usually the person who signed it will confirm it themselves).
Then you can meet with the buyer and make the deal in confidence, checking the draft is the same one that they sent you the picture of when you take it and give them the keys.

Good luck with the sale!

[Spectragod]

It's unfortunate that one has too. There was a report here about someone who met someonelse to sell MM wheels and he was murdered in the process.
("Thoughts and prayers

--------------------------------------------------------------------------------

I have a young mans 04 S/C Marauder here now for three weeks, we installed 4:10's in the car and some minor items, then the speedo quit, this was right before the shoot out, and he missed it, well we found the issue was the air pump was burnt up and was shorted to ground, this took out the power steering assist as well, I have fixed that, but the compass is not right and the cruise does not work, along with that once the car starts up and is put in gear the doors should auto lock, well Larry and his friend went to look at some wheels and rims for his friend this week, when they got there it was a set up, Larry's friend was shot five times and is in critical condition, Larry was shot in the back and is recovering, I have a concealed weopns permit I hope I have to never use it, and wish Larry and his friend a speedy recovery.")


Criminals are opportunist, take away the opportunity and you take away the criminal.

I know 4 people who were murdered, none were engaged in criminal activity and only one knew their killer. All were unarmed.


And while that ended badly, I just middle manned a deal for the sale of my buddies 57' T-Bird.

Delivered the car to the buyer, 45k in cash transaction, alive today to tell the story.

Your actual mileage may vary on this type of transaction.

[MERCMAN]

Bring it out here to Vegas and we'll talk.

OR,,,,, bring it to IN and we can deal :)

[Mr. Man]

OR,,,,, bring it to IN and we can deal :)
You two should meet in Branson. Talk shop, catch a show and then drive your "new" cars back home;)

[SideshowBob]

OR,,,,, bring it to IN and we can deal :)


You two should meet in Branson. Talk shop, catch a show and then drive your "new" cars back home;)


Branson. That's where acts from Vegas go after they're dead, right?

As much as I'd enjoy a good road trip, I just got back from a 3-day uninsured hospital stay, so travel and car deals are not in the picture right now. Sorry to disappoint.

[SideshowBob]

For grins, I stopped by the dealer that has the Blackwood for sale yesterday to see what he's asking. $14,900 is a tad high, considering KBB is $13,685 in excellent condition and this one has an iffy Carfax. Hey, Maybe I can get him to give me $20K for my Marauder! LOL!

http://www.lasdunasautosales.com/inventory.php