Moron Steals Car During Test Drive
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Tags: auto theft, buying and selling cars, Nissan Skyline GT-R, sell used cars, test drive a car, test driving a used car, used car
at
I’m not sure I fully understand your question Sandra. If you are asking if there is way for buyers to pay you for a used car in monthly installments, then yes, you can do that. I am not a lawyer so I can not give legal advice here, but you would need to write up some kind of agreement that will describe the terms (monthly payment, interest, and due date) and both of you get a signed and dated copy. This agreement or note should clearly state that if they become delinquent with the payments then you get the car back. Of course, just like any lender, you would keep the title until they have paid off the loan. I have yet to do this, but this can actually be a very profitable way to conduct business and others have made a TON of money doing this because the car ultimately will sell for a lot more than it would in a normal cash sale…plus you make money from the accrued interest.
You state that you don’t have enough money to start. Raising cash is something I discuss in one of bonus books that comes with The Lazy Way To Buy And Sell Cars For Profit. :-)
Steve
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at
Oh my god! That guy was a moron! Thanks for this post.
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at
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at
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