Hiccup in Private Party Sale
10-28-2015, 09:55 AM
#21
Registered User
You raise a good point about paying for the PPI. I have since wondered if I could have declined to pay for it if the seller backed out. I think the primary leverage for a mechanic is having (and retaining) possession of a car until payment is made. In the end, I might have been able to stick the seller with the PPI charge, but the seller certainly would not have then decided to sell the car to me. In a twisted way, I think paying for the inspection made the seller feel more compelled to sell me the car even though she had higher offers.
Glad it worked out for you. Shows that the seller was a decent person.
10-28-2015, 10:13 AM
#22
When I sold my S2000 I had a bunch of offers. I went first come first serve and the kid was really nice. I had others call back and offer a couple thousand over what we agreed on but my word is good.
Two weeks later all my parts were on Craigslist (work wheels, suspension, etc) and then the car, back to stock, for 2.5k more than he paid.
People suck and I'm too nice.
Two weeks later all my parts were on Craigslist (work wheels, suspension, etc) and then the car, back to stock, for 2.5k more than he paid.
People suck and I'm too nice.
10-31-2015, 06:31 AM
#23
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Location: Atlanta, GA
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Originally Posted by rnye' timestamp='1446054322' post='23788526
When I sold my S2000 I had a bunch of offers. I went first come first serve and the kid was really nice. I had others call back and offer a couple thousand over what we agreed on but my word is good.
Two weeks later all my parts were on Craigslist (work wheels, suspension, etc) and then the car, back to stock, for 2.5k more than he paid.
People suck and I'm too nice.
Two weeks later all my parts were on Craigslist (work wheels, suspension, etc) and then the car, back to stock, for 2.5k more than he paid.
People suck and I'm too nice.
10-31-2015, 08:27 AM
#24
Not sure where the complaint came from about the sale where the buyer "flipped" the car a few weeks later. Isn't there a Brit TV show like this where they worked on a S2000? Once bought it's bought. If the owner wants to take a sledge hammer to it it's his car. 
Desirable cars (boats and houses) listed "or best offer" doesn't mean best offer under the listing price. Best offer is best offer. Sellers are advised to wait and play the bidders against each other. Taking the first offer, even it it meets the listing price is not necessary.
-- Chuck
Desirable cars (boats and houses) listed "or best offer" doesn't mean best offer under the listing price. Best offer is best offer. Sellers are advised to wait and play the bidders against each other. Taking the first offer, even it it meets the listing price is not necessary.
-- Chuck
10-31-2015, 03:39 PM
#25
11-03-2015, 11:38 AM
#26
Anyway, I have recounted this story to a few friends, and nobody really has a good suggestion to avoid paying for an inspection but still risk losing out on a car. The only solution I can dream-up would be drafting "pre-purchase agreement" to set the terms of sale contingent on a favorable inspection. Unfortunately, I don't think such an agreement would be easy to enforce, and I think it probably would scare off some sellers who might already be averse to adding further complication to private transactions that already can be complicated.
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