Selling car NEED HELP!

[L.W.Driver]

Okay guys and girls I am in desperate need of some help! Im selling my car and well its been up on the market for about 4 months and lets just say im losing BIG on this... but finally after losing about 9k on this car I have someone that is crazy interested to buy. only one snag.... the person is 19 has no credit history and needs to get a loan to buy my car and she doesn't really have a parent or anyone that really takes care of her so she can't get someone to cosign. She can only pay me in payments... and i really need this car gone yesterday because I need to pay for college!

WHAT CAN I DO!?!?!

[15psi88]

Give it to me.
Write it off as a donation
???
Profit

[willits8]

well idk sounds like your kind of screwed which sucks, if its that beautiful rx7 in your pic wo could work out a trade for my rx8 lol, but seriously

[Got Insulin?]

Say "yes" and take payments until she pays the car off, at which point you give her the keys, the car, and the title.

OR

Say "no" and continue trying to sell the car.

[L.W.Driver]

Originally Posted by 15psi88

Give it to me.
Write it off as a donation
???
Profit

haha let me think about it... sorry donations ran dry this year lol

Originally Posted by willits8

well idk sounds like your kind of screwed which sucks, if its that beautiful rx7 in your pic wo could work out a trade for my rx8 lol, but seriously

the car im talking about is not the rx7 in the picture.... the rx7 is for sale but at kind of an outrageous price... its a 50/50 split of the car between my father and myself. im 19 years old live in coatesville... my arse cant afford one all by my lonesome haha my dad wants a Porsche i want a gtr haha. Honestly neither my father or myself like rx8's... made by ford engine from mazda idk not a big fan... sorry man

Originally Posted by Got Insulin?

Say "yes" and take payments until she pays the car off, at which point you give her the keys, the car, and the title.

OR

Say "no" and continue trying to sell the car.

is there a way i can sell her the car keep the title until the cars paid off or can she just get a new title?

[omgjacki]

I would definitely looking into a personal bill of sale and get it notarised. I don't even know if this is possible, but any paperwork you can get that can be notarized will work in your favor if she screws you over. Up the price, even. You're doing HER a favor. If she wants it bad enough, she'll work with you.

[renn]

if they're under 21 there's no safe way to get them to make payments on the car. impossible to get a loan without a cosigner under 21.

[L.W.Driver]

Originally Posted by renn

if they're under 21 there's no safe way to get them to make payments on the car. impossible to get a loan without a cosigner under 21.

crap thanks i think i might just go to my bank tomorrow and see what kind of options i have...

[Got Insulin?]

I don't understand why you're going to your bank..... Save yourself the headache: Tell her to get the money, or she doesn't get the car.

[Fujito]

pics of the girl and a number?

[L.W.Driver]

Originally Posted by Got Insulin?

I don't understand why you're going to your bank..... Save yourself the headache: Tell her to get the money, or she doesn't get the car.

because im at the point where if someone gives me what i ask i will drop the car off to their driveway with a big red bow on it! college is a b**** it better pay off!

Originally Posted by Fujito

pics of the girl and a number?

this girl has pink hair more piercing that u have miles on your car haha and has a bf this some serious mental issues or steriod issues lol

[Fujito]

I have 160,000 miles on my car. Damn. That's hot.

[L.W.Driver]

Originally Posted by Fujito

I have 160,000 miles on my car. Damn. That's hot.

hahahahaha that really just made my night hahaha!

[wheresmycar]

How much are you selling your vehicle for or risking with her after a down payment?

It all sounds bad though. Something says "Don't do it!" in big led flashing lights.

[wadud]

Don't do it! Had my is300 up for sale for 2 years. You'll get rid of it.
Good luck bro!
jim

[wheresmycar]

Originally Posted by L.W.Driver

i really need this car gone yesterday because I need to pay for college!

WHAT CAN I DO!?!?!

Loan for college while you wait for the car to sell?

[willits8]

hahah its cool i was just joking but the rx7 looks great I love that color.

giving her the car and making her sign a comntract while you keep the title sounds like a good idea, that was you can get it back if she stops paying, maybe keep an extra key too lol just in case

[jpalamar]

Here are your options...

1. let her make payments and YOU keep the car til its paid off. Get a notorzed contract and state if she defaults on the deal you keep the moeny and she is SOL

2. sell her the car for what you want in full. Her getting funding is HER problem and isn't going to happen for a car that old... unless its a personal loan and they aren't exactly easy for a kid to get. Not sure why someone would even go looking for a car without knowing they can actually buy it. I personally wouldn't even waste my time with her.

3. accept the fact that you will most likely lose money(afterall, it is a car) and list it for less.

4. keep it because you don't want to lose money. Go to community college because its cheaper. Your first 2 years are mostly BS classes that trasfer easily. Many of them even have agreements to lead to better schools.

[TWills215]

Banks wont give any loans to persons under 21. I tried and not only did they want an interest rate of 12% but I could only take out a minimum of $10 g's and I was able to have a co-sign. I don't think you'll be able to fully pull this one out.....

[Big_Jim]

2 other options are take it to take it to a dealership and see if they'll buy it off you, and voluntary repossession.