Thursday, April 2, 2020

What do I need to put in a payment contract for selling my car privately?

Sol Allphin: You are not a bank. Let them go somewhere else for a loan to buy the car. A private sale is for cash only and if the car gets sold to someone else before they can raise the cash, too bad for them.

Clifford Riggleman: Go to a lawyer and ask them to draft a contract for you. They'll know what will need to be in there to prevent you from being screwed over.

Ervin Overbee: NEVER sell a car to someone on payments. If they can't get a loan at a bank or credit union or pay cash, there is a valid reason. Why should you risk problems for someone you don't know.

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