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Exchanging $$ and title for long distance sale

Discussion in 'Tesla for Sale' started by Larry, May 16, 2016.

  1. Larry

    Larry Member

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    Ive sold my S to another forum member across the country. Any tips on exchanging $$ for title and the car would be appreciated. I'm in California, he's on the east coast. We are just not sure of the best, safest way to do this.
    Thanks for the help
     
  2. Evbwcaer

    Evbwcaer Member

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    There are websites like escrow.com. You might be able to run the transaction through Paypal or Ebay as well. Are you shipping the car?
     
  3. Larry

    Larry Member

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    Escrow.com is about $600 so looking for a less expensive mode. Yes shipping the car. PayPal takes 2.9% so not an option. Probably just need to go to the bank at the same time and wire.
     
  4. Vip

    Vip Member

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    I bought a roadster from someone on the west cost. I sent him a personal check as a deposit to take the car off the market. Then I wired him the rest of the money. He overnighted me the car title once he received the money.
    Given this was a lot of trust on my part. We did connect via facebook and linkedin before I sent the money. He also sent me pics of him next to the car in order to verify he was in possession of the car.
    I will admit I was still nervous when I sent the money but once the car was on the transport everything was all good.
     
  5. Habious

    Habious Member

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    This is one of the reasons I avoid private-party auto sales, if at all possible.

    Not saying this as a dig to the parties in this transaction (I don't know either of them) but, as a general rule, the people who are really good at this are better at scamming people than I am about NOT being scammed.
     
  6. Galve2000

    Galve2000 Member

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    $600 is a decent value in terms of peace of mind.
     
    • Like x 2
  7. Bishop

    Bishop Member

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    plane trips cheaper.
     
    • Like x 1
  8. Galve2000

    Galve2000 Member

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    you can make a trip out of it too!!! it's settled!!
     
    • Like x 1
  9. Rockster

    Rockster Active Member

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    Seriously. I would first consider flying to the sender's location. That way I can inspect the car and complete the transaction in person. For a car at this price point, it's totally worth it. The question of flying and shipping the car versus driving home would be a simple matter of logistics and convenience.
     
  10. nitrochino

    nitrochino Member

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    I've done it many times without having the buyer coming in to inspect the car. It's all about trust.
     
    • Like x 1
  11. tvuolo

    tvuolo Member

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    I bought my Roadster from Connecticut. I put the deposit down via PayPal through eBay. The seller sent me pictures of the paperwork and called his local service center and authorized them to discuss the car with me - which went a long way toward putting my mind at ease. I also ordered a mobile 3rd party inspection company for $110. They gave me pictures and a detailed report. After that I didn't feel it was necessary to fly out and inspect it in person. I wired the money, they sent the title and paperwork, and put it on the truck.
     
  12. Larry

    Larry Member

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    Thanks
    This sounds like something we could do
     
  13. BEEZR

    BEEZR Member

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    You'll probably also want to agree on when the ownership changes hands (typically when the funds clear) and the new owner would arrange for shipping. Once on the truck it is technically in the new owner's possession so any damage that may (but likely won't) occur is between the new owner and the shipping company -- your hands would be clean. And he'll want to insure as soon as the funds clear...

    Congrats Larry!
     
  14. Larry

    Larry Member

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    Thanks
    It's a difficult situation but we have it figured out I think-1/2 the $ wired now and once on the truck the other 1/2 wired and the title sent overnight. Something along those lines. Still considering Escrow.com however
     
  15. Erandhawa

    Erandhawa Member

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    I would fly. I picked mine up from Washington a month ago and I live in southern California. Was a fun drive.
     
  16. Habious

    Habious Member

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    You could also buy a round-trip ticket, if time is a factor.

    Fly out, inspect the car, and verify it gets on the carrier, do the wire transfer with the seller, then Uber it back to the airport and fly home.

    That's basically what I did with mine; however I bought from a dealer so, I trusted them enough to fly in, test drive the car, agree on the deal, then fly home and sort out the $$ and transportation after the trip.
     
  17. Lukez

    Lukez Member

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    I used uship . Com before and sent the bank draft to the person that's going to pick up the car for shipping and they made the exchange for me. The bank draft was in the buyers name of course .
     

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