G
Guest
·Hey everyone, I've got a '98 ST2 that I'm selling, and have a ton of questions. I have never sold a vehicle privately before. So could those of you who have give me a little guidance???
- First, I don't have the title for it, Fifth Third bank does. Part of the money from the sale will pay off the remaining balance of the installment loan. So, do I take the check, give the guy my memorandum of title, and the let him take the bike? Then just mail the title to him when it comes in the mail? How does this work?
- He wants to pay with a "certified check". He is a local guy, and not someone emailing me fron Nigeria, so I'm thinking it's okay, but do I need to wait and let it clear before letting him take the bike?
- Is there anything I need to do to protect myself in this transaction? Like to prevent him from taking it out the first day, crashing it, and then trying to bring it back?
- Should I let him take it for a test drive?
- How do I sign over the title?
Okay, sorry for all the newbie questions, but I've never done this before, and could use some un-biased, experienced opinions. I don't want to get taken...
Thanks,
George
- First, I don't have the title for it, Fifth Third bank does. Part of the money from the sale will pay off the remaining balance of the installment loan. So, do I take the check, give the guy my memorandum of title, and the let him take the bike? Then just mail the title to him when it comes in the mail? How does this work?
- He wants to pay with a "certified check". He is a local guy, and not someone emailing me fron Nigeria, so I'm thinking it's okay, but do I need to wait and let it clear before letting him take the bike?
- Is there anything I need to do to protect myself in this transaction? Like to prevent him from taking it out the first day, crashing it, and then trying to bring it back?
- Should I let him take it for a test drive?
- How do I sign over the title?
Okay, sorry for all the newbie questions, but I've never done this before, and could use some un-biased, experienced opinions. I don't want to get taken...
Thanks,
George