Kid asks me to let him make payments on my car..
#1
Kid asks me to let him make payments on my car..
I listed my car on ebay last night for $5,999 w/ a buy it now price of $6,500 (no reserve). This is an email I got this morning:
If I bought your car for around 7500-8500, would you consider allowing me to do monthly payments of 200-300 a month. I was thinking of doing a down payment between 2000-3000. If you consider doing this deal with me you can write out a agreement form with an attourney to secure yourself. Think about it and let me know what you think. Thanks
What do you think?
If I bought your car for around 7500-8500, would you consider allowing me to do monthly payments of 200-300 a month. I was thinking of doing a down payment between 2000-3000. If you consider doing this deal with me you can write out a agreement form with an attourney to secure yourself. Think about it and let me know what you think. Thanks
What do you think?
#2
Senior Member
Join Date: Jun 2002
Location: Virginia Beach VA
Posts: 422
Likes: 0
Received 0 Likes
on
0 Posts
You have a buy it now of $6500 and he wants to pay 1-2k over that? Does anyone else find that to be curious? If ya do it, get as much info on the dude as you can.
#3
Nadene will Return
Join Date: Jun 2002
Location: Maryland
Posts: 929
Likes: 0
Received 0 Likes
on
0 Posts
:werd:
as long as you get all of his info and stuff, and make him sign a document.. i don't see any real problems. and if he wants to pay you more for it.. go for it... :thumbup:
i would just research making a contract and stuff.. so in case he stops paying, you can get the car back... good luck man
as long as you get all of his info and stuff, and make him sign a document.. i don't see any real problems. and if he wants to pay you more for it.. go for it... :thumbup:
i would just research making a contract and stuff.. so in case he stops paying, you can get the car back... good luck man
#6
Originally posted by madlow
ya but what happens if the kid decides to move to another state, takes the car, and I dont have a way to get a hold of him?
ya but what happens if the kid decides to move to another state, takes the car, and I dont have a way to get a hold of him?
#7
Originally posted by /^Blackmagik^\
then you put a lein against the title, the dmv will give you the info and you can go repo it
then you put a lein against the title, the dmv will give you the info and you can go repo it
This is why we should let the banks handle the credit part. Seriously, I don't think you should do it. I think you should let him apply for a loan and pay you in full.....he can still make monthy payments to his bank.
__________________
Jimmy
Team B.O.B.™ - Ballaz on a Budget
R.I.P Huan Vo 11-19-2008
Jimmy
Team B.O.B.™ - Ballaz on a Budget
R.I.P Huan Vo 11-19-2008
#9
There is definitely a lot of rish involved. My car has only been on ebay for about 12 hours, which means I still have 9 days 12 hours left. I'm just going to wait it out and sell to someone that has the full amount.