[Thorian]

:?: Question For the list My wife is expecting and with the insight being our only car it will have to be sold. Having said that My question is this how dificult is it to private party sell this vehicle, I have noticed a few on ebay but they seem to go for less then the 14,500 payoff that I owe on my 2003 and NADA has no data on the 2003. (KBB seems to low ball all their numbers) Also How does selling a car with a loan work. do I need a piece of paper from my credit union, to show transfer of ownership untill the title is mailed to the new owner? :?:

 

[cakley]

Normally the buyer buys the car from your bank. The bank is who owns the car. If the buyer is taking out a loan then the banks handle the title part you and the buyer might never see the title.

Example I bought an Audi TT. I took the VIN number to my bank and took out the loan, I was given a bankers check with the sellers name on it, seller and myself went to his bank, the title was never seen.

This is in GA so the show me state might be different.

I hate to say it but your probably going to eat at least 2,000 of a loss on the car. Unless you have very few miles on it. You'll need to advertise in every source possible in order to find the SMALL Insight market. Perhaps less than a hand full in your area. Use ebay as a last option.

Something to watch http://cgi.ebay.com/ebaymotors/ws/eBayI ... eName=WDVW

 

[Guest]

Hi Thorian:

___I agree with most of what Cakely mentioned except I would try E-Bay first. With gas prices still hitting all-time highs month over month, you just never know? If you have a very low mileage 2003 in absolutely pristine condition, you may actually be quite surprised?

___Good Luck

___Wayne R. Gerdes
___Hunt Club Farms Landscaping Ltd.
___[email:2cmxd3ry][email protected][/email:2cmxd3ry]

 

[boogetyboogety]

Use your local "Greensheet" or "Penny Trader.

Mention you want to move up to a larger car (due to your wife's delicate condition), hate to give it up, but it's gotta go.

Put a For Sale sign on the car with your cell # on it. And: drive it to the service station often, and just put in a gallon at a time (just so you can spend some time at the pump). That gives you a ton of opportunities for people to approach you, and then you can give them the mileage sales spiel and your business card right then and there. Exposure, exposure, exposure. I have yet to fill up my Insight at any gas station anywhere in the country and not have someone come up and start a conversation about it... and two have even offered "what would it take for you to sell it..." types of conversations.

Good luck, it is a specialty item... but as such, it means someone wants it... you just need to find him/her...

 

[bjordan]

I'm not selling but I did buy a 2000 Insight last Friday so I can give you some insight into how it worked for me. Turned out it was a bit of a pain, but only because I can't drive the thing yet because I don't have tags.

1) The seller had to bring the car to my bank.
2) The seller had to have information for their payoff (eg: who they owe, the payoff, etc.)
2) My bank issued a letter to the seller's lender. Once the seller's lender receives the letter they will release the lean on the Title and mail it to my bank.
3) The seller took the car to my house and left it. The seller took of her tags and went home.
**At this point I believe the seller is through.
3) Once my bank receives the title I get the title and get my tags.

There may be a little more too it, but that is the short version of what I had to do.

 

[webmaecker]

Thorian - if it was a 5 spd with a/c and you lived in norther california, i would happily buy it from you

 

[tbsi]

I am looking to purchase my first Insight this summer. I would be willing to pickup. I am looking for 5 speed with air. I not sure if this kind of reply is proper in this forum. But I thought I would try.