TMC is an independent, primarily volunteer organization that relies on ad revenue to cover its operating costs. Please consider whitelisting TMC on your ad blocker and becoming a Supporting Member. For more info: Support TMC

Procedure regarding purchasing tesla on this forum

Discussion in 'Tesla for Sale' started by matein8, Apr 24, 2018.

  1. matein8

    matein8 Member

    Joined:
    Apr 16, 2018
    Messages:
    50
    Location:
    Atlanta
    Hi All.

    I'm considering buying from a post on here regarding the 2014 S P85 fully loaded with the description below

    2014 Model S P85
    254 +\- at 100%.
    66k mi
    34k vin
    Fully loaded
    93k at retail, can grab picture of sticker if needed, should be in garage somewhere.

    It has 17 months left of CPO and 8 years on the battery.

    What is the best way to go about the sale? Can someone provide some details from an experience buying through here?
     
  2. Toppatop55

    Toppatop55 ~Life Is Good~

    Joined:
    Feb 25, 2018
    Messages:
    353
    Location:
    Manchester, Connecticut
    Get every detail you can about the car. Ask every question you can think of. Make an offer. If offer is accepted, put a small deposit to hold the car and let the seller know your serious. Then once your convinced you’ll buy the car, I suggest flying to the car and closing the deal. That was my exact experience. A weekend trip is all you need to close the deal and ship the car. Unless you prefer to drive it home. Good luck with your purchase.
     
  3. Boourns

    Boourns Active Member

    Joined:
    Mar 9, 2016
    Messages:
    1,540
    Location:
    Dallas
    Closing the deal in person is definitely recommended. If the buyer has or you will get a loan on the car, both of you should call your banks to figure out what each needs to handle the transaction. When I sold my S here earlier this year, that was by far the biggest pain.
     
    • Like x 1
  4. marcebahn

    marcebahn Member

    Joined:
    Oct 31, 2014
    Messages:
    153
    Location:
    tampa, fl
    Yes ... and get a bill of sale. Title is important.
     
  5. barjohn

    barjohn Member

    Joined:
    Sep 23, 2017
    Messages:
    547
    Location:
    Riverside, CA
    #5 barjohn, Apr 24, 2018
    Last edited: Apr 24, 2018
    Here are the things you need:
    If the seller has title free and clear, you need a bill of sale and the title signed over to your name (this varies by state but usually there is a place the seller signs and a place for the new owner's name and address. If you are in the same state, go to your DMV office to complete the transfer and registration paying whatever fees and taxes are required. If you live in a different state, you need to take additional documents, A Federally approved state form from the sellers state signed by the seller under penalty of perjury stating the exact mileage and a DMV form limited power of attorney from the seller in case there are any issues in your state when you go to transfer title and register. You are then in a position to sign for the seller on any issue regarding the vehicle.

    If there is a lean on the vehicle and the paper title is held by a lender, you will have to pay the seller the difference between the purchase price and the loan payoff and pay the lender the payoff amount. The lender will sign the title releasing the lien and the seller will sign over the title to you. Title and Bill of Sale, Federally approved milage form and signed power of attorney and you can take to your DMV to get the title transferred and the vehicle registered. (In many states you can take to AAA offices and they can do this for you faster). If the lender doesn't keep paper title but is a member in a state that allows lenders to keep electronic titles, the lender will release the lien and order a paper title from the DMV. Where they send it will depend on whether you are paying cash or you have a lender. If you have a lender, the lender will direct the lien holder where they want the title sent once they have submitted the payoff amount to the lender and specify that they are to be shown as the new lien holder. In most cases, your lender will have them send the title to you for you to register the vehicle. You need the same documents outlined above.

    Lastly, to have Tesla transfer the vehicle to your account, you must request the transfer and they will send you an email telling you what information they require and copies of documents that prove you are the new owner (copy of title with your name filled in or the vehicle registration or temporary registration if your state allow for one.) Then you wait for Tesla to transfer the vehicle (claimed time is one week). They won't accept a Bill of Sale, only a title or registration with your name as owner.

    Sorry for the long explanation but it is complicated.
     
    • Informative x 1
  6. matein8

    matein8 Member

    Joined:
    Apr 16, 2018
    Messages:
    50
    Location:
    Atlanta
    Thank you very much for all the information! Much appreciated!
     

Share This Page

  • About Us

    Formed in 2006, Tesla Motors Club (TMC) was the first independent online Tesla community. Today it remains the largest and most dynamic community of Tesla enthusiasts. Learn more.
  • Do you value your experience at TMC? Consider becoming a Supporting Member of Tesla Motors Club. As a thank you for your contribution, you'll get nearly no ads in the Community and Groups sections. Additional perks are available depending on the level of contribution. Please visit the Account Upgrades page for more details.


    SUPPORT TMC