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:
- How to Sell Your Used Car Online.
- Dirty Car Dealership Tactics.
- How To Defend Against 7 Sneaky Sales Tactics.
- On The Myth of Equating Poor Eating Habits with Economic Class or Spending Power.
- How to Get Burglars to Rob Your House.
- The 7 Biggest Money Problems for Most People.
- 44 Ways to Ruin Your Financial Life By Age 30.
- Will Your 2011 Tax Rates Go Up?.
- How Large Should Your Emergency Fund Really Be?.
- Ways to Tap Your IRA Account Without Penalty.
- How To Sell Your House Fast – 9 Tips To Get The Most From Your Home Sale.
- Best of Money Carnival #51, The Forethought Edition- Festival of Frugality #280, Personal Investment & Financial Planning Articles: Carnival of Financial Planning.