Selling ones car? - TravelPUNK Backpacker College Student Budget Travel Message Boards!



Go Back   TravelPUNK Backpacker College Student Budget Travel Message Boards! > Members Lounge > General Travel Tips, Education, Advice > Travel Budget, Money Matters, Financial Talk

Travel Budget, Money Matters, Financial Talk Mom, can I borrow ten grand?! Gimme yo mastercard! How the heck can I pay for my trip?! Ideas for making money. How much dough do I need?

Raileurope.com: See Europe by train
Reply
 
LinkBack Thread Tools Display Modes
Old 04-29-2005, 09:22 AM   #1
TPunk Recognized
 
Join Date: Dec 2004
Location: Xinzhuang, Taiwan
Posts: 1,252
Thanks: 0
Thanked 0 Times in 0 Posts
Thumbs up

any one have experience here? autotrader.com? or vehix.com? or just a sign in the window....whats the best way?

also, i still owe on it so how the hell does that work out?
__________________
www.movetotaiwan.com
TimmyJames1976 is offline   Reply With Quote
Old 04-29-2005, 09:38 AM   #2
TPunk Emeritus
 
Join Date: Jan 2004
Location: Vancouver, BC
Posts: 1,804
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via MSN to pinion
Default

Is there a lien on the car? or is the loan seperate?

Having a lien on your car can make it ALOT harder to get rid of. Basically the person buying it has to trust that you will take the money and pay it off. Otherwise I believe the person buying it will be responsible for the money owing.

Example;

You finance a 50,000 BMW. Turn around, sell it for whatever then run away to Mexico. The person who just paid you for the car is now responsible for the payments. So they've just dropped X amount of dollars for this car but now have to pay for the rest of the financing.

You can also try to have someone take over the payments for the car and give you some cash that will cover how much you've paid thus far.

Savvy?
__________________
I've been a wild rover for many's the year,
And I've spent all me money on whiskey and beer.
But now I'm returning with gold in great store,
And I never will play the wild rover no more
pinion is offline   Reply With Quote
Old 04-29-2005, 09:42 AM   #3
TPunk Recognized
 
Join Date: Dec 2004
Location: Xinzhuang, Taiwan
Posts: 1,252
Thanks: 0
Thanked 0 Times in 0 Posts
Default

gotcha..hell, i'd be happy w/them taking the payments...just may need to get rid of it and off my back...thanx for the info
__________________
www.movetotaiwan.com
TimmyJames1976 is offline   Reply With Quote
Old 04-29-2005, 10:19 AM   #4
TPunk Recognized
 
SuDz's Avatar
 
Join Date: Apr 2005
Location: Massachusetts, USA
Posts: 1,838
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to SuDz
Default

Maybe an escrow account makes this easier? That way the others don't feel like there is a risk in buying?

SuDZ
__________________
SuDZ > We recycle our scummyness.
SuDZ > Thats just plain good for the environment.
Rozza > lol
Rozza > yeah
Rozza > that should be your sig
SuDz is offline   Reply With Quote
Old 04-29-2005, 10:27 AM   #5
TPunk Emeritus
 
Join Date: Jan 2004
Location: Vancouver, BC
Posts: 1,804
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via MSN to pinion
Default

Quote:
Originally posted by SuDz@Apr 29 2005, 10:18 AM
Maybe an escrow account makes this easier?
Can you get one for selling a car? I thought it was more for selling homes. I'm not really that familiar with them though.
__________________
I've been a wild rover for many's the year,
And I've spent all me money on whiskey and beer.
But now I'm returning with gold in great store,
And I never will play the wild rover no more
pinion is offline   Reply With Quote
Old 04-29-2005, 10:33 AM   #6
TPunk Recognized
 
Join Date: Dec 2004
Location: Xinzhuang, Taiwan
Posts: 1,252
Thanks: 0
Thanked 0 Times in 0 Posts
Default

nice sudz...good idea....i will check this out...
__________________
www.movetotaiwan.com
TimmyJames1976 is offline   Reply With Quote
Old 04-29-2005, 11:45 AM   #7
TPunk Recognized
 
Tadpole's Avatar
 
Join Date: Jan 2005
Location: South Carolina, USA
Posts: 1,007
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to Tadpole
Default

Carmax is not a bad place to sell your car, or at least get it appraised for free. It kinda gives you an estimate on how much your car is worth when seeling indepently.
__________________
"Sundace, I can't help you now."
~Butch Casady
Tadpole is offline   Reply With Quote
Old 04-29-2005, 12:59 PM   #8
TPunk Recognized
 
SuDz's Avatar
 
Join Date: Apr 2005
Location: Massachusetts, USA
Posts: 1,838
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to SuDz
Default

Quote:
Originally posted by pinion+Apr 29 2005, 12:26 PM--><div class='quotetop'>QUOTE(pinion @ Apr 29 2005, 12:26 PM)</div>
Quote:
<!--QuoteBegin-SuDz
Quote:
@Apr 29 2005, 10:18 AM
Maybe an escrow account makes this easier?
Can you get one for selling a car? I thought it was more for selling homes. I'm not really that familiar with them though. [/b]
Well you figure this isn't just a deal between buyer and seller. The bank is the third party in this and the bank wants to make sure it gets it's money as well. I am sure they have something in place to make sure they are not left in the cold.

Will the price of selling the car cover what you owe? Cause if your upside down on the loan you will still be left to pay the difference. ie if the car sells for 10K and you owe 12K to the bank, your still on the hook for 2K.

SuDZ
__________________
SuDZ > We recycle our scummyness.
SuDZ > Thats just plain good for the environment.
Rozza > lol
Rozza > yeah
Rozza > that should be your sig
SuDz is offline   Reply With Quote
Old 04-29-2005, 05:02 PM   #9
TP Ghost
 
agriadam's Avatar
 
Join Date: Mar 2005
Location: Indianapolis, IN
Posts: 2,057
Thanks: 1
Thanked 0 Times in 0 Posts
Send a message via AIM to agriadam
Default

the easiest thing to do in your case is talk to the bank that financed the car. I'll bet that they have a procedure in place for just this case... I don't think that you are the first person to sell a car that you still owed on.
__________________
My Flickr Stream

“Life is too short to spend it doing something you don't like... if your passion is selling surfboards by the sea, then that is where you should be.”
-My Dad


"Do we really want to travel in hermetically sealed popemobiles through the rural provinces of France, Mexico and the Far East, eating only in Hard Rock Cafes and McDonalds? Or do we want to eat without fear, tearing into the local stew, the humble taqueria's mystery meat, the sincerely offered gift of a lightly grilled fish head? I know what I want. I want it all. I want to try everything once."
-Anthony Bourdain

“If you can imagine a man having a vasectomy without anesthetic to the sound of frantic sitar-playing, you will have some idea what popular Turkish music is like.”
-Bill Bryson

"The older I get the less likely I feel I will ever figure my life out... I think that might be okay though"
-Me
agriadam is offline   Reply With Quote
Old 04-29-2005, 06:13 PM   #10
TPunk Recognized
 
Join Date: Dec 2004
Location: Xinzhuang, Taiwan
Posts: 1,252
Thanks: 0
Thanked 0 Times in 0 Posts
Default

I'm lovin' all the help!!! yes, the sale would cover the lien. I should give them there bankers a ring a ding ding...thanx every1
__________________
www.movetotaiwan.com
TimmyJames1976 is offline   Reply With Quote
Old 04-30-2005, 07:10 AM   #11
TPunk Recognized
 
Tadpole's Avatar
 
Join Date: Jan 2005
Location: South Carolina, USA
Posts: 1,007
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to Tadpole
Default

You could always use the car and make drug runs to mexico. Once you have enough money to get out of the debt then sell the evidance, i mean car. Just an idea...
__________________
"Sundace, I can't help you now."
~Butch Casady
Tadpole is offline   Reply With Quote
Old 04-30-2005, 10:47 AM   #12
TPunk Recognized
 
Join Date: Dec 2004
Location: Xinzhuang, Taiwan
Posts: 1,252
Thanks: 0
Thanked 0 Times in 0 Posts
Default

yeah, i thought about that but being that i may need to sell it becaue i won't be on this continent any more it wouldnt really work
__________________
www.movetotaiwan.com
TimmyJames1976 is offline   Reply With Quote
Old 04-30-2005, 01:29 PM   #13
TPunk Emeritus
 
Join Date: May 2004
Location: Indefinite.
Posts: 2,874
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to bluepea
Default

Woohoo perfect topic for me. I am in the same boat. We have a lien on my car and I have to sell it in a few weeks here. I plan on listing it in the classifieds. Everything sells in the classifieds.
__________________
~~ Jamie ~~
You give me the most gorgeous sleep That I've ever had And when it's really bad I guess it's not that bad




Have some general questions such as whether or not to get a rail pass or how much money you'll need? Visit here!

First time travelers/travelers with a lot of questions - this forum is for you![b]
bluepea is offline   Reply With Quote
Old 04-30-2005, 01:44 PM   #14
TPunk Recognized
 
Join Date: Dec 2004
Location: Xinzhuang, Taiwan
Posts: 1,252
Thanks: 0
Thanked 0 Times in 0 Posts
Default

lemme know how it goes jamie...i'll give ya any info i find out as well
__________________
www.movetotaiwan.com
TimmyJames1976 is offline   Reply With Quote
Old 04-30-2005, 03:03 PM   #15
TPunk Emeritus
 
Join Date: Jan 2004
Location: Vancouver, BC
Posts: 1,804
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via MSN to pinion
Default

You should just set your cars on fire & say it was like that when you got it
__________________
I've been a wild rover for many's the year,
And I've spent all me money on whiskey and beer.
But now I'm returning with gold in great store,
And I never will play the wild rover no more
pinion is offline   Reply With Quote
Old 04-30-2005, 03:17 PM   #16
TPunk Recognized
 
Join Date: Dec 2004
Location: Xinzhuang, Taiwan
Posts: 1,252
Thanks: 0
Thanked 0 Times in 0 Posts
Default

thank you for your 2 cents mr. soprano
__________________
www.movetotaiwan.com
TimmyJames1976 is offline   Reply With Quote
Old 04-30-2005, 03:35 PM   #17
TPunk Emeritus
 
LiveFreeorDie's Avatar
 
Join Date: Mar 2004
Location: Newly relocated to C-bus - USA
Posts: 2,900
Thanks: 0
Thanked 0 Times in 0 Posts
Default

My guess is if you talk to the bank, they could schedule a closing at the bank, for you and the prospective buyer. The buyer has two checks, one to pay off the balance you owe to the bank and the other one for you (assuming you are making anything). That way, the bank can give the title to the new owners as well.....which they will want. Good luck and let us know all how it turns out!
__________________
\\Jamie\\



"Those who would give up essential liberty to purchase a little temporary safety, deserve neither liberty nor safety." Ben Franklin

"The plural of anecdote is not data"
LiveFreeorDie is offline   Reply With Quote
Old 05-01-2005, 11:29 AM   #18
TPunk Emeritus
 
Join Date: May 2004
Location: Indefinite.
Posts: 2,874
Thanks: 0
Thanked 0 Times in 0 Posts
Send a message via AIM to bluepea
Default

Good idea LFOD. I suppose I should get on that soon.

Will let you know what happens - I'll probably be listing it in the next week or two. I love my car. It's been so good to me. Stupid Europe!



Quote:
You should just set your cars on fire & say it was like that when you got it


Haha too bad I don't have insurance.
__________________
~~ Jamie ~~
You give me the most gorgeous sleep That I've ever had And when it's really bad I guess it's not that bad




Have some general questions such as whether or not to get a rail pass or how much money you'll need? Visit here!

First time travelers/travelers with a lot of questions - this forum is for you![b]
bluepea is offline   Reply With Quote
Reply






Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
making money selling your stories raysen General Discussions 11 10-22-2006 05:57 AM
I'm Selling a LOPTOP! eSper Classified Ads 1 01-31-2006 10:05 PM
Selling my parents the idea.... Hollz Traveling Alone or Family Travel 22 12-07-2005 08:25 PM
SELLING: Eagle Creek Continental Journey foofiter Classified Ads 2 09-19-2005 05:58 PM
Selling stuff? anord Studying, Living, Working, Volunteering Abroad, Expats 5 09-17-2005 05:06 PM


All times are GMT -7. The time now is 11:06 PM.



 

Search Engine Optimization by vBSEO 3.2.0

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121