Selling A Car: Taking Payments?
Parting out MSP 0.5!
Joined: Dec 2005
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hold the title until you get full payment as well...
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2003.5 Blue MSP
2002 Honda Civic LX ::Sigh:: -- Traded
2003.5 Silver MSP -- Totalled RIP
1993 Honda del Sol -- SOLD $6500
1967 VW Beetle -- SOLD $3000
Thread TERRORIST
Joined: Sep 2003
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Holding the title is common sense. Complying with all applicable laws and regulations and making sure the contract is not unenforcable or voidable due to some stupid ass clause you put in there is a little bit trickier. Get a lawyer to draw one up for you.
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"They were crying when their sons left, God is wearing black. Hes gone so far to find no hope, hes never coming back. They were crying when their sons left, all young men must go. Hes come so far to find the truth hes never going home."
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lol @ tampa
Joined: Jun 2000
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nope, i live around carrollwood area. Everyone swears they see my car. I got new rims, maybe that will help
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Registered User
Joined: Mar 2003
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I would do it if you weren't concerned the with car much...just in case he screws it up. Just get a lawyer to right it up and there is probably a good chance that he'll pay for a while and then miss a payment and you can go get it. So free money and the car 
could be worse
Joined: Feb 2004
Posts: 11,421
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i live in carrolwood too and i never see any evos
Boom Chackalacka
Joined: Nov 2004
Posts: 2
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Troux,
you have to sign the tittle over and put a lien on it. there are legal documents you can find for the loan you would be giving the buyer, you should use them and sign it.
You then might be able to sell the loan / lein on the car as well.
I would not do this for your car. Follow up on the lead with Ken Henderson, that's prolly a good bet.
My dad ran a used car dealership for several years and financed a few cars off so if you want details give me a call. - Get my number from Kirk.
you have to sign the tittle over and put a lien on it. there are legal documents you can find for the loan you would be giving the buyer, you should use them and sign it.
You then might be able to sell the loan / lein on the car as well.
I would not do this for your car. Follow up on the lead with Ken Henderson, that's prolly a good bet.
My dad ran a used car dealership for several years and financed a few cars off so if you want details give me a call. - Get my number from Kirk.
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Get off my lawn
Joined: Apr 2002
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i have both sold cars and bought cars from FRIENDS with payments. i would never do it with someone i didnt personally know and trust. i had no problems in either case. it works but i wouldnt recommend it. its a headache.
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