Selling an FFR Cobra

[Bill_VA]

After 18 years, I'm getting ready to sell my car and move on to something else. I did have a few questions:


Do you allow people to test drive the car? Seems dangerous for them and me. I would assume I would take a prospective buyer for a ride to demo it.
Would there be any sort of suggested contract or paperwork to cover myself for liability in case something happens to the car later.
How do you handle payment? Cashier's check? Bank transfer?

[gbranham]

No different than selling any other used car to a private buyer. Draw up a bill of sale, add 'sold as-is' verbiage, and move on. I can appreciate the emotion of selling...I did it with my MkIII. It was tough.


Wire Transfer>Cashier's Check>Anything Else

[mrmustang]

After 18 years, I'm getting ready to sell my car and move on to something else. I did have a few questions:


Do you allow people to test drive the car? Seems dangerous for them and me. I would assume I would take a prospective buyer for a ride to demo it.
Would there be any sort of suggested contract or paperwork to cover myself for liability in case something happens to the car later.
How do you handle payment? Cashier's check? Bank transfer?


While I have not sold more than 3 vehicles in the last 11 years, I've always used the following for my sales/buy transactions:

I never let anyone else drive the car due to liability reasons. You can take them out in it for a mixed ride of street, mountain, and highway if they like. If they insist, let them walk. It's still your car.
Title paperwork-have them fill in the buyers name, never leave this blank, make a copy for your records after you have been paid
Liability wise, a generic bill-of-sale (send me a PM with your email address) should suffice.
Payment-I prefer a wire transfer, but a certified check from a local branch of their bank would do. Typically, whether buying or selling, I've gone to the bank with them, 90% of the buyers have a national bank with a branch within 10-20 miles of my location. Those that do not, I hold the car till the funds have cleared my local bank (2-5 business days).

Hope you find this helpful.


Bill S.

[CraigS]

I think the 'check drawn on a local bank' part is key. Over the years I have heard too many stories about fake cashiers checks. If you can not get the check cashed while you still have the keys, do a wire transfer. Get his home address in the early stages and do a google maps search. Ask if this is the address on his driver's license. I also took a picture of the drivers license on the day we did the transfer.

[Blitzboy54]

I just sold mine this month.

Nobody drives the car until they own it. This was not an issue at all. Any serious buyer understood this going in. All used cars in NY are as is unless there is an otherwise written agreement so that wasn’t an issue for me.

Buyer brought a cash deposit and I took a wire transfer. There is no reason to do it any other way. Wire transfer is basically instant and un reversible. Once I had money in my account it was his car.