Selling the caR soon - paranoid about it; what's the safest method to do so?
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Selling the caR soon - paranoid about it; what's the safest method to do so?
Alright, after owning my caR for 8 years, I caught some ***** trying to steal it from my place of work recently - bastards! (I'll post more of that in another thread.) What I'd like to know is, for those of you who sold your caRs (but are still here!), how did you ensure thugs didn't show up for a car jacking?
It was suggested that I do it at a police station, with friends, offer no test drive, and insist on a cash transction... Since this will most likely be sold to a stranger (caR will be posted in the for sale sticky here soon), how can I best ensure that I and my money survive this sale?
tia.
It was suggested that I do it at a police station, with friends, offer no test drive, and insist on a cash transction... Since this will most likely be sold to a stranger (caR will be posted in the for sale sticky here soon), how can I best ensure that I and my money survive this sale?
tia.
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Re: Selling the caR soon - paranoid about it; what's the safest method to do so? (BlackAckeR)
I have never heard of anyone on here getting car jacked for their R.........
Hopefully, you will not be the first......
I dont think you would have any problems, but you never know these days......
Just set up the transaction at the bank, as most banks have security, and you can have all the paperwork done right there.....
Do Not..... have them meet you at your house......That way they do not know where you live, and they cannot come back to steal it.....
Hopefully, you will not be the first......
I dont think you would have any problems, but you never know these days......
Just set up the transaction at the bank, as most banks have security, and you can have all the paperwork done right there.....
Do Not..... have them meet you at your house......That way they do not know where you live, and they cannot come back to steal it.....
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Re: Selling the caR soon - paranoid about it; what's the safest method to do so? (BlackAckeR)
meet at a neutral location w/o the R, get photo ID and either take a picture of it or photocopy it. then after you have it and it looks real take them to the caR.
Just be sure the caR is somewhere other then where you keep/ store it for presentation.
with that little setup you will scare off any thieves.
There was a story about a guy here who was carjacked for the R, but it was many years ago and I have not heard any other stories of carjacking since.
Just be sure the caR is somewhere other then where you keep/ store it for presentation.
with that little setup you will scare off any thieves.
There was a story about a guy here who was carjacked for the R, but it was many years ago and I have not heard any other stories of carjacking since.
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Re: Selling the caR soon - paranoid about it; what's the safest method to do so? (BlackAckeR)
Here are some tips off the top of my head...haven't sold an ITR, but I used to have a dealership and handled hundreds of transactions:
1) Make sure to have several people with you and meet in a safe location
2) Remove any paperwork that could have your address on it (insurance cards, registration, car receipts, etc.) so that they do not know where you live
3) When you leave, do NOT go immediately home. Take a joy ride out of the way in the opposite direction of your house and make sure you are not being followed by anyone before you start the correct return to home.
4) Verify their information (drivers license, insurance, car registration) and even write it down so you know where they live
5) Do not let them test drive it by themselves or even with ONLY you...make sure to have more of your people in the car than their people. Couldn't hurt to ask for collateral (such as keys to the car they came in) and have your friends stick behind with their car/people and no keys.
6) Once you get a buyer, work it out to be fair payment terms for both parties:
-If it is a cash transaction, have the buyer bring the cash to the bank. Let the buyer hand the cash over to the teller, have her verify the funds, and deposit it into your account. Hand over the keys once it is verified, sign the paperwork, and part ways.
-If it is a bank wire, I would have both the buyer and seller meet up at a bank. Do not release the car until you can verify the wire has been received in your account (either call somebody at your bank or check your balance at an ATM if possible). Be aware of wire policies (times wires need to be sent by to be received the same day, etc.) because wires are not always instant money.
-If it is a certified check, you need to verify that the check is real. Banks do not keep detailed logs for certified checks (as in you cannot call Bank of America and ask about details of certified check number 12345678), but you can get some information out of them if you know what branch it was issued at. You have two verification options: for local buyers, go to the buyer's bank and watch him get the certified check. For out of town buyers/banks, have the buyer get the teller's business card that issued the check. Have the buyer then fax/email you a copy of the check and business card. Research to verify the existence of the bank, branch, and phone number (make sure the buyer doesn't create a fake business card with his sister's phone number on it and have her answer the phone "Bank of America"!!!), then place a call to the branch that the buyer received the certified check from. Ask them to verify the check number, date, and dollar amount (those are about the only details in their log.
7) Use your head. I have had people carry over $100k on an airplane and expect me to meet them in a parking lot to exchange cash for a car. No thanks...there is a good possibility of them walking out with their money, your car, and leaving your dead body in an alley. Not worth it. If something feels wrong, don't do it. Find a safer way to make the transaction...such as refusing to handle cash and having them hand it over to your bank teller. Any banking transactions over $10,000 will require the buyer's social security number for IRS form 8300. Be sure to tell the teller that you are selling your car if you are having the buyer hand her $10k or up (either cash or check...doesn't matter).
Best of luck. You will probably start searching for another ITR a week after you sell.
1) Make sure to have several people with you and meet in a safe location
2) Remove any paperwork that could have your address on it (insurance cards, registration, car receipts, etc.) so that they do not know where you live
3) When you leave, do NOT go immediately home. Take a joy ride out of the way in the opposite direction of your house and make sure you are not being followed by anyone before you start the correct return to home.
4) Verify their information (drivers license, insurance, car registration) and even write it down so you know where they live
5) Do not let them test drive it by themselves or even with ONLY you...make sure to have more of your people in the car than their people. Couldn't hurt to ask for collateral (such as keys to the car they came in) and have your friends stick behind with their car/people and no keys.
6) Once you get a buyer, work it out to be fair payment terms for both parties:
-If it is a cash transaction, have the buyer bring the cash to the bank. Let the buyer hand the cash over to the teller, have her verify the funds, and deposit it into your account. Hand over the keys once it is verified, sign the paperwork, and part ways.
-If it is a bank wire, I would have both the buyer and seller meet up at a bank. Do not release the car until you can verify the wire has been received in your account (either call somebody at your bank or check your balance at an ATM if possible). Be aware of wire policies (times wires need to be sent by to be received the same day, etc.) because wires are not always instant money.
-If it is a certified check, you need to verify that the check is real. Banks do not keep detailed logs for certified checks (as in you cannot call Bank of America and ask about details of certified check number 12345678), but you can get some information out of them if you know what branch it was issued at. You have two verification options: for local buyers, go to the buyer's bank and watch him get the certified check. For out of town buyers/banks, have the buyer get the teller's business card that issued the check. Have the buyer then fax/email you a copy of the check and business card. Research to verify the existence of the bank, branch, and phone number (make sure the buyer doesn't create a fake business card with his sister's phone number on it and have her answer the phone "Bank of America"!!!), then place a call to the branch that the buyer received the certified check from. Ask them to verify the check number, date, and dollar amount (those are about the only details in their log.
7) Use your head. I have had people carry over $100k on an airplane and expect me to meet them in a parking lot to exchange cash for a car. No thanks...there is a good possibility of them walking out with their money, your car, and leaving your dead body in an alley. Not worth it. If something feels wrong, don't do it. Find a safer way to make the transaction...such as refusing to handle cash and having them hand it over to your bank teller. Any banking transactions over $10,000 will require the buyer's social security number for IRS form 8300. Be sure to tell the teller that you are selling your car if you are having the buyer hand her $10k or up (either cash or check...doesn't matter).
Best of luck. You will probably start searching for another ITR a week after you sell.
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Bring a dozen tough guys with you, and another dozen wimpy guys to make the tough guys look tougher. That should scare some of them off. On a lighter note, more thieves are cowards and they'll steal it behind your back, not in your face. Maybe you're just paranoid. Remember it's a ~$16,000 car not a Ferrari.
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Re: (JchanFTW)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by JchanFTW »</TD></TR><TR><TD CLASS="quote">Bring a dozen tough guys with you, and another dozen wimpy guys to make the tough guys look tougher.. </TD></TR></TABLE>
"The Simpsons" FTW!
"The Simpsons" FTW!
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Re: (B2FiNiTY)
Mine is for sale right now.My plans are ... meet at a public place.Oh I do have a concealed weapons permit 
. I also wouldnt meet anyone alone. I would never allow anyone to come see it at my house unless they were known to me(Ive meet a few you you guys over the years).
. I also wouldnt meet anyone alone. I would never allow anyone to come see it at my house unless they were known to me(Ive meet a few you you guys over the years).
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Re: (JchanFTW)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by JchanFTW »</TD></TR><TR><TD CLASS="quote">Remember it's a ~$16,000 car not a Ferrari. </TD></TR></TABLE>
I have sold both...it is all relative. Some people have been killed over a pair of tennis shoes. Unfortunately, there are low lifes out there who are more interested in used Hondas than Ferraris. To them $16k is worth more than some-body's life. The only selling transaction where I actually feared for my life involved a $17k Acura. It doesn't hurt to be extra cautious selling a Honda/Acura, especially the ITR.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by JchanFTW »</TD></TR><TR><TD CLASS="quote">On a lighter note, more thieves are cowards and they'll steal it behind your back, not in your face.</TD></TR></TABLE>
Very true...that is why you want to remove anything with your address on it so that they cannot come back and steal it behind your back.
I have sold both...it is all relative. Some people have been killed over a pair of tennis shoes. Unfortunately, there are low lifes out there who are more interested in used Hondas than Ferraris. To them $16k is worth more than some-body's life. The only selling transaction where I actually feared for my life involved a $17k Acura. It doesn't hurt to be extra cautious selling a Honda/Acura, especially the ITR.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by JchanFTW »</TD></TR><TR><TD CLASS="quote">On a lighter note, more thieves are cowards and they'll steal it behind your back, not in your face.</TD></TR></TABLE>
Very true...that is why you want to remove anything with your address on it so that they cannot come back and steal it behind your back.
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From: Delaware, USA
Re: Selling the caR soon - paranoid about it; what's the safest method to do so? (brokenCRX)
Originally Posted by brokenCRX
Here are some tips off the top of my head...haven't sold an ITR, but I used to have a dealership and handled hundreds of transactions:
1) Make sure to have several people with you and meet in a safe location
2) Remove any paperwork that could have your address on it (insurance cards, registration, car receipts, etc.) so that they do not know where you live
3) When you leave, do NOT go immediately home. Take a joy ride out of the way in the opposite direction of your house and make sure you are not being followed by anyone before you start the correct return to home.
4) Verify their information (drivers license, insurance, car registration) and even write it down so you know where they live
5) Do not let them test drive it by themselves or even with ONLY you...make sure to have more of your people in the car than their people. Couldn't hurt to ask for collateral (such as keys to the car they came in) and have your friends stick behind with their car/people and no keys.
6) Once you get a buyer, work it out to be fair payment terms for both parties:
-If it is a cash transaction, have the buyer bring the cash to the bank. Let the buyer hand the cash over to the teller, have her verify the funds, and deposit it into your account. Hand over the keys once it is verified, sign the paperwork, and part ways.
-If it is a bank wire, I would have both the buyer and seller meet up at a bank. Do not release the car until you can verify the wire has been received in your account (either call somebody at your bank or check your balance at an ATM if possible). Be aware of wire policies (times wires need to be sent by to be received the same day, etc.) because wires are not always instant money.
-If it is a certified check, you need to verify that the check is real. Banks do not keep detailed logs for certified checks (as in you cannot call Bank of America and ask about details of certified check number 12345678), but you can get some information out of them if you know what branch it was issued at. You have two verification options: for local buyers, go to the buyer's bank and watch him get the certified check. For out of town buyers/banks, have the buyer get the teller's business card that issued the check. Have the buyer then fax/email you a copy of the check and business card. Research to verify the existence of the bank, branch, and phone number (make sure the buyer doesn't create a fake business card with his sister's phone number on it and have her answer the phone "Bank of America"!!!), then place a call to the branch that the buyer received the certified check from. Ask them to verify the check number, date, and dollar amount (those are about the only details in their log.
7) Use your head. I have had people carry over $100k on an airplane and expect me to meet them in a parking lot to exchange cash for a car. No thanks...there is a good possibility of them walking out with their money, your car, and leaving your dead body in an alley. Not worth it. If something feels wrong, don't do it. Find a safer way to make the transaction...such as refusing to handle cash and having them hand it over to your bank teller. Any banking transactions over $10,000 will require the buyer's social security number for IRS form 8300. Be sure to tell the teller that you are selling your car if you are having the buyer hand her $10k or up (either cash or check...doesn't matter).
Best of luck. You will probably start searching for another ITR a week after you sell.
1) Make sure to have several people with you and meet in a safe location
2) Remove any paperwork that could have your address on it (insurance cards, registration, car receipts, etc.) so that they do not know where you live
3) When you leave, do NOT go immediately home. Take a joy ride out of the way in the opposite direction of your house and make sure you are not being followed by anyone before you start the correct return to home.
4) Verify their information (drivers license, insurance, car registration) and even write it down so you know where they live
5) Do not let them test drive it by themselves or even with ONLY you...make sure to have more of your people in the car than their people. Couldn't hurt to ask for collateral (such as keys to the car they came in) and have your friends stick behind with their car/people and no keys.
6) Once you get a buyer, work it out to be fair payment terms for both parties:
-If it is a cash transaction, have the buyer bring the cash to the bank. Let the buyer hand the cash over to the teller, have her verify the funds, and deposit it into your account. Hand over the keys once it is verified, sign the paperwork, and part ways.
-If it is a bank wire, I would have both the buyer and seller meet up at a bank. Do not release the car until you can verify the wire has been received in your account (either call somebody at your bank or check your balance at an ATM if possible). Be aware of wire policies (times wires need to be sent by to be received the same day, etc.) because wires are not always instant money.
-If it is a certified check, you need to verify that the check is real. Banks do not keep detailed logs for certified checks (as in you cannot call Bank of America and ask about details of certified check number 12345678), but you can get some information out of them if you know what branch it was issued at. You have two verification options: for local buyers, go to the buyer's bank and watch him get the certified check. For out of town buyers/banks, have the buyer get the teller's business card that issued the check. Have the buyer then fax/email you a copy of the check and business card. Research to verify the existence of the bank, branch, and phone number (make sure the buyer doesn't create a fake business card with his sister's phone number on it and have her answer the phone "Bank of America"!!!), then place a call to the branch that the buyer received the certified check from. Ask them to verify the check number, date, and dollar amount (those are about the only details in their log.
7) Use your head. I have had people carry over $100k on an airplane and expect me to meet them in a parking lot to exchange cash for a car. No thanks...there is a good possibility of them walking out with their money, your car, and leaving your dead body in an alley. Not worth it. If something feels wrong, don't do it. Find a safer way to make the transaction...such as refusing to handle cash and having them hand it over to your bank teller. Any banking transactions over $10,000 will require the buyer's social security number for IRS form 8300. Be sure to tell the teller that you are selling your car if you are having the buyer hand her $10k or up (either cash or check...doesn't matter).
Best of luck. You will probably start searching for another ITR a week after you sell.
Thanks to all the posters in this thread; I'll explain the reason for my paranoia when I eventually post my attemtped car theft one!
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Re: Selling the caR soon - paranoid about it; what's the safest method to do so? (BlackAckeR)
I think day time in an area you know well. i sold my hatch and brought some friends with me. you could switch up the meet up place on him ay yhe last minute to. that might help. good luck
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