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Hi

I am buying a used car tomorrow. I’ve already talk to the private sell (not a dealer) and negotiated the price. All there is let is to do is the paper work and payment. What kind of paper should I get from him to make sure that the car is mine after the payment? How many sheets? Sorry for asking dumb questions, this is my first time buying a car. I live in Massachusetts.

Thanks

3 Comments »

1. 

   Normally a bill of sale, a clear title and a license receipt is what I get.

   Now I go to the court house to make sure there are no liens against the car.

   Now,,,because this is your first time…listen……..

   I wish you would have stated what year and make and model. Also how many miles are on it ,even though they may have been turned back. Some cars look great but are just NOT good at all and are hard to sell. Don’t get taken on your first time out. Move SLOWLY even if it means missing this car. Haste makes waste. I know the early bird gets the worm, but it could be rotten. wait for a fresh one. You should have stated your age and knowledge of cars too.

   See if they will write you a warranty, for a substantial amount to time, (6 months minimum) to be sure the car is in good condition. If not, I would look elsewhere. A car that does not run is not worth much.

   Now…..you did not ask but…… let me inform you some as when buying a car from an individual it is usually considered to be sold in "as is" condition and can break down the next day and you have lost it all.Take precautions…and a lot of them…Be careful….Some sellers can hide defects pretty well.If first time, get help or buy one from a reputable dealer and get some kind of warranty. Car repair is too high now days.

   I would also request permission to take it to get checked out. I would pay a mechanic to get his opinion of the make and model you are buying and to give it a once over to see if he finds anything that might need attention in the near future. If the seller does not want you to get checked out, then do not buy it.

   When buying a new car, try to pay using a bank draft as the bank will not issue the funds until they see the title and you can also go to the bank and see the title before funds are payed. If a dealer goes under and the cars are on a bank floor plan the courts will award the car to the bank even if you had payed for it and the dealer never paid the bank for it. You will loose you car….even if you paid cash for it.

   CAUTION……….Happened to a friend of mine.

   Pearson buys a car out of the paper and gets the title. After a few days calls the person he bought it from and says he must have thrown the title away as he now can not find it and wants to get the title put in his name. Of course the seller wants it out of his name so he goes down and gets a duplicate title made.

   The new buyer then goes to a place that loans money on the cars title and borrows $1200.00 and gives up one title. Now he runs the car in the paper to sell it and uses the second title. Since the title is not in his name he states it is his in-laws car and he is selling it for them.

   My friend then puts new tires and brakes on the car as well as a good cleaning and wax job. This was going to be his daughters car to go back to college after the holidays. Had her clothes plus etc. etc. in the trunk.

   Now the bad seller does not make any payments on the car where he borrowed the money so they call a repo company to locate and pick up the car.

   Repo company finds the car and during the night take it and return to the business that loaned the money.

   My friend wakes up and car is gone. Calls the police and they inform the repo company had called and told them they were repoing the car and gave the location where they were taking it.

   He gets the number and calls the first thing Monday morning.They will not give it back until he pays off the $1200.00 plus interest since they had placed a lien on the car when they loaned the money on it. My friend called the number he used when buying the car but he was never in.

   He called the police but there was nothing they could do since the car was never in the sellers name,

   Called an attorney and he said the lender had rights to the car and he would have to file against the seller; The first lien holder has rights to the car.

   My friend then files suit at the court house only to later find out he had to file at the court house nearest to where the bad seller lived. Had to pay again to refile.

   Seller does not show up at the court hearing and my friend gets a judgment for the amount against the seller. Now he will have to refile every seven years to keep it on file against the seller.

   Comment by xtrapr — May 10, 2010 @ 11:27 am

2. 

   There’s only one piece of paper that you need from him tomorrow…the TITLE! You take that and have the car transferred to your name. That will have all the pertinent info on it..your name, address, purchase price of the car, mileage, etc.

   Oh, and be sure to get a receipt too!

   Comment by Ter — May 10, 2010 @ 11:27 am

3. 

   the pink slip its the paper that says its your car and you own it. one of you should have to go down to the dmv and transfer owership.

   Comment by kings575 — May 10, 2010 @ 11:27 am

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