3-27-2012 (new question added below @ 8:30AM PDT ):
I’ve used this thread so far to get some great suggestions about selling my used car (since I have never done it before). My next question:
There is always a risk in buying a used car with 140,000 miles. Who knows: The transmission could die six months from now. So, I will need to sell the car “AS-IS.” Is there a pre-written bill-of-sale that sellers use to state AS-IS & document the transactaion? (like on nolo.com or other legal webite).
Being PICKY about who buys my car!
Hi! I own a 1991 Honda Civic that runs perfectly fine. BUT I just got notice that my job position is relocating overseas in May 2012, and I don’t want to ship this 21 year-old car across the ocean. It’s time to sell this car, and buy a new car later on.
The Civic runs well, has been well-maintained, and is in great condition. KBB value is $1500 and market price is $2500+ for similar Civic DXs. I plan to sell my Civic at a firm bargain price ($1,000) since I’m short on time and also hate haggling over price. However, I don’t want the buyer just to ‘flip-it’ for a profit or strip-it for parts (my new tires alone could be sold on Craigslist for $200). I want to sell it to someone locally who is in need of a reliable vehicle at a more-than-fair price. Someone who will keep this car for a couple years (because no major maintainance is expected for about five more years).
If I post an ad about my car (with the low price), I am going to be contacted by flippers and car-strippers. So I probably won’t resort to Craigslist unless I have to. How do I appropriately find someone who is in actual need of a car to buy & drive? Do I hang-out at a used car lot to watch for “car worthy” people as they are entering/leaving?
Suggestions please. Thank you.
Is $1000 for a reliable car a good deal?
1:00PM PDT EDITED-TO-ADD: I have an additional question to ask now: Is $1000 a good deal for someone looking for a reliable passenger car? Or are there tons of other models out there of similar quality that will run for $500-800 (thus making my $1000 “deal” not such a bargain)?
( FYI: My Civic is 21 years old but looks great & runs in perfect condition and is only at 140,000 miles. The car is has been well-maintained - it will last another 60,000 miles without major maintenance. This Civic has never failed me. 30 MPG, alarm and stereo, new tires, brakes at 90%. New muffler/exhaust pipes, everything functions, no dents, accident-free, etc.)
5:00 PM PDT
NEXT QUESTION: I have nothing to hide about the car’s condition, title, odometer, etc. Naturally, a buyer will want to have the car checked-out first by a mechanic (even if spending “only” $1000). Does the buyer pay for the inspection & tell me the shop to take my car? Do I leave the car (or stay with it) while it is being inspected?