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Old 04-25-2022, 04:56 PM   #1
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Tell me your private party sale stories

Hey folks, I'd like to learn about people's experiences when buying and selling private party. What's the most challenging part of the process and why? Any stories where things went wrong?

(I'm doing research for a new business idea, but won't pitch the idea here to avoid any bias.)

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Old 09-20-2023, 10:37 PM   #2
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Re: Tell me your private party sale stories

I paid to list on AutoTrader. Much higher quality buyers. I found CraigsList to have a bunch of low-ballers who persistently ignored my wording that said firm price, priced to sell, no negotiations, take it or leave it, etc.

Fortunately, my buyer was a respectable fireman. It probably helped that I was selling from an upscale community that buyers know won't come with shenanigans. I required cash. Sold for just over 5K.

Even though things went smoothly, next time around I might use Carvana. I recently got a really good quote from them on my used car. Not sure if that price was some sort of mistake. My old car is worth about $10,000 so getting someone to pay in cash may be a sticking point.
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Old 09-22-2023, 02:59 PM   #3
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Re: Tell me your private party sale stories

Selling: I've made sure to have a Bill of Sale prepared as well as a receipt. That was a long time ago though, the last few cars I've donated to charity for a tax credit.

Buying: Be sure to get the TITLE, a receipt for the purchase price, and also a Bill of Sale. Without all 3 of these things, the sale is a no-go.

As always in a private party sale, sale is final, no warranty, etc. So make sure to drive it and have it looked at by a body shop/certified mechanic prior to handing over cash. If the seller won't allow this, walk away.
Ours: 2020 Jeep Wrangler 2.0, 53k
2013 Toyota FJ Cruiser, 84k
Kids: 2005 Honda CRV, 228k
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