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We Sold Our Car on Craigslist

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My wife and I are still shopping for a family car, having spent the week test driving a few vehicles. We narrowed down our choices to two vehicle makes/models. We have a preference of the two, but of course the one we prefer is the more expensive vehicle! We plan on looking at a few more cars over the next couple days/weeks before making our decision and taking the plunge.

We Sold Our Car on Craigslist

The good news is that we were able to quickly sell our car on Craiglist. We posted the vehicle late Saturday night and received multiple e-mails and phone calls over the next couple days. The eventual buyer drove it on Monday evening and called the next day to say he would buy it. Overall we negotiated a fair deal – only a couple hundred less than our asking price.

The key to this deal was the willingness of both parties to reach a fair deal. We met halfway for the test drive (20 minute for both of us) and my wife and I drove about 40 minutes to his bank so we could sign over the title to them and get a check made out to us.

We may have been able to avoid the bank, but I feel more comfortable receiving the check directly from the bank instead of receiving a cashier’s check from someone I don’t know. (Cashier’s checks are extremely difficult to check against fraud, and you often won’t know until it bounces back, which could take up to 2 weeks… after which tie your car is gone and you are left without a car or the money).

Overall the buyer was great to deal with and the process went smoothly. We just hope the car buying experience will go just as well. We’ll probably buy our next vehicle from a dealership, so things might not go so smoothly. I’ll keep you updated!

In the mean time, here are a few articles I hope you will enjoy:


Published or updated March 14, 2011.
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{ 8 comments… read them below or add one }

1 Tom @ Canadian Finance Blog

Congrats on selling your car! I put mine on kijiji and and autotrader (in Canada) but only got a couple calls and no one showed up. I’ll relist is a little cheaper and see if that helps.

Thanks for the mention, have a good weekend!

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2 Ace @ aceofwealth.com

Congratulations! It always makes me nervous to think about making large transactions through Craigslist. It seems like everything worked out fine for you. Did you select the buy purely based on the offer price? Or were there some other metrics that you used to help narrow the field.

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3 Ryan

The buyer was one of the first people to arrange a test drive at a mutually agreeable time/location and everything fell into place after that.

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4 myfinancialobjectives

Congrats!

Buying a USED car I hope!:)

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5 Ryan

Yes, we’re searching for a quality used car now. It’s a process, but I’m learning a lot!

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6 Katie

Congrats! My sister and brother-in-law actually bought their minivan from Craigslist and found out that it was a man that was from their company. They were very sketchy about the whole thing but it turned out to be such an amazing mini and they love it and have no complaints.
-Just make sure whoever decides to sell on Craigslist and meet their potential buyer that you go with someone else or at least tell someone where you are going…you never know who is out there :) Just a friendly FYI!

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7 No Debt Plan

Is that the actual car? Just curious since I have a Honda Accord that looks just like that… and I got it on Craigslist! Of course I bought it in 2006, but just thought it was funny if that was your actual car.

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8 Ryan

yes, that was the actual car. :-)

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