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Kid asks me to let him make payments on my car..

Old May 6, 2003 | 04:35 AM
  #1  
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Default 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?
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Old May 6, 2003 | 04:40 AM
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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.
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Old May 6, 2003 | 04:50 AM
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: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
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Old May 6, 2003 | 04:52 AM
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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?
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Old May 6, 2003 | 04:58 AM
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then you send the hit squad out.
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Old May 6, 2003 | 05:00 AM
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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?
then you put a lein against the title, the dmv will give you the info and you can go repo it
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Old May 6, 2003 | 05:17 AM
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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
that is IF you can find the car....


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.
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Old May 6, 2003 | 05:18 AM
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Don't do it. Too much risk involved.
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Old May 6, 2003 | 05:26 AM
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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.
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Old May 6, 2003 | 05:27 AM
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I wouldn't do it, it's just not worth the headache.
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