|
Might be a good idea to have a contract drawn up that specifies the following:
1. the car is in good working order and condition
2. is free and clear of all liens, loans, encumbrances
3. has not been damaged in an accident or flood
4. the odomoter reading is accurate
5. there are no outstanding traffic violations
6. it is certified - some states and provinces make all cars meet standards for sale and licensing - a good rough idea of condition
7. whether it coomes with any kind of warranty
8. that the purchase price in full is X$
Re the exchange of cash, I would under no circumstances offer a deposit sight unseen. It send a bad signal to the seller. If it is the right vehicle, get a mechanic of your choosing to look at it and provide you with a report. If it's ok, then go and look at it, with a traceable money order in the correct amount. Get the contract signed. Then get the ownership signed over, probably on the back of it. Then give him the money order.
Better still, because you live in Michigan, why not go to Canada and get one? Your dollar gets you 50% off, and in Ontario, they have certification standards. so have the seller there certify it. There might be some duty and tax, but the 50% off should make that up easily. Ther free trade allows no duty or tax on some cars 10 years or older. As they say in Rome, caveat Emptor (buyer beware)Hope this helps! Good luck!
|
