School me on buying a car from forum member

RussianPete · 12-30-2015, 09:12 AM

Hey guys,

Im just about ready to buy a car and i found a bunch of great deals on this forum. Sadly none of the are within even 500 miles of me. So how do i go about purchasing a car from someone who lives across the country from me? How do you know they dont have a debt on the car? How do you know the car wont be repossessed from you? So many possibilities.

Same question goes for assuming their lease.

Also how do you go about buying parts for sale by members. Do you just paypal them out and expect them to send out the parts you order?

Thank you in advance, i really needed some help with this.

DrivingForce · 12-30-2015, 09:49 AM

Quote:

Originally Posted by F80 Transporter

Hey guys,

Im just about ready to buy a car and i found a bunch of great deals on this forum. Sadly none of the are within even 500 miles of me. So how do i go about purchasing a car from someone who lives across the country from me? How do you know they dont have a debt on the car? How do you know the car wont be repossessed from you? So many possibilities.

Same question goes for assuming their lease.

Also how do you go about buying parts for sale by members. Do you just paypal them out and expect them to send out the parts you order?

Thank you in advance, i really needed some help with this.

For the assuming of a lease, there is some good information at the bottom of the OP in the thread link below, outlining some of the process associated with transferring a lease, and details to pay attention to if going that route.

http://f80.bimmerpost.com/forums/sho....php?t=1084623

firedown31 · 12-30-2015, 10:31 AM

Quote:

Originally Posted by F80 Transporter

Also how do you go about buying parts for sale by members. Do you just paypal them out and expect them to send out the parts you order?

Yup! Try to find successful sale history from them, anything to prove they are legit. Other wise hope paypal or your credit card company are really good with refunding fraudulent sales.

BavarianFanatic · 01-04-2016, 11:59 AM

I just sold a car long distance (not through the forum though). The car was still financed, so I provided a payoff quote to the buyer for him to provide to his bank (I was Penfed, he was USAA). His bank expressed a check to my bank for the balance due as well as a check for the equity directly to me. I drafted a Bill of Sale which included my info, the buyer's info, the status of the payments, etc. which we both signed and kept copies of. He obtained his own insurance, but drove the car home with my plates. Once he received the lien release from my bank he was able to go to his DMV and get his own plates and send mine back (about two weeks). It was incredibly simple. He drove the car out of my driveway less than 48 hours after I accepted his offer.

I provided about 100 detailed photos of the car along with a detailed history of the maintenance/repairs/warranty work. I've bought and sold several cars long distance over the years. I can tell you for certain that if you're uncomfortable with the buyer/seller at any point during the process - trust your instincts. If you don't get direct answers, have trouble making contact, or get any sort of runaround walk away.

12-30-2015, 09:12 AM	#1
RussianPete Captain 250 Rep 986 Posts Drives: AY M4 Join Date: May 2014 Location: Coral Gables - Miami iTrader: (0)	School me on buying a car from forum member Hey guys, Im just about ready to buy a car and i found a bunch of great deals on this forum. Sadly none of the are within even 500 miles of me. So how do i go about purchasing a car from someone who lives across the country from me? How do you know they dont have a debt on the car? How do you know the car wont be repossessed from you? So many possibilities. Same question goes for assuming their lease. Also how do you go about buying parts for sale by members. Do you just paypal them out and expect them to send out the parts you order? Thank you in advance, i really needed some help with this. __________________ 2015 BMW///M4 - Austin Yellow - Burger Tuning JB4 Stage 2 - Velos Wheel Design ECU Tune - HRE S101 - Eurocharged downpipes - Meisterschaft GT2
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01-04-2016, 11:59 AM	#4
BavarianFanatic Too much is never enough 655 Rep 3,079 Posts Drives: Too Many Join Date: Mar 2008 Location: SE PA iTrader: (0)	I just sold a car long distance (not through the forum though). The car was still financed, so I provided a payoff quote to the buyer for him to provide to his bank (I was Penfed, he was USAA). His bank expressed a check to my bank for the balance due as well as a check for the equity directly to me. I drafted a Bill of Sale which included my info, the buyer's info, the status of the payments, etc. which we both signed and kept copies of. He obtained his own insurance, but drove the car home with my plates. Once he received the lien release from my bank he was able to go to his DMV and get his own plates and send mine back (about two weeks). It was incredibly simple. He drove the car out of my driveway less than 48 hours after I accepted his offer. I provided about 100 detailed photos of the car along with a detailed history of the maintenance/repairs/warranty work. I've bought and sold several cars long distance over the years. I can tell you for certain that if you're uncomfortable with the buyer/seller at any point during the process - trust your instincts. If you don't get direct answers, have trouble making contact, or get any sort of runaround walk away.
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