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  #13  
Old 01-07-2011, 09:18 AM
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Re: best way to sell a high-mileage Jeep GC

If you used a local mechanic for repair and maintenance, see if you can park it there with a “For Sale” sign. I did this for a 1994 GCL v8 with ~340K miles. Listed for $2,000, sold for $1,800. We love our new GC!
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  #14  
Old 01-07-2011, 11:47 AM
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Re: best way to sell a high-mileage Jeep GC

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Originally Posted by HemiDawg View Post
I believe you meant Vehix.com...
Ouch...thank you yes Vehix. It's tough to type with my fat digits.
I sold a few cars on Vehix and Autotrader; both are good.
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Old 01-07-2011, 01:38 PM
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Re: best way to sell a high-mileage Jeep GC

How do you deal with private buyers when price is significant? I only sold my really old car for $1,500 and it was a cash transaction. If we are talking about anything over $6,000 then I would be really uncomfortable dealing with that much cash with someone I don't know. Then options are regular check or cashiers check (anything else?) but you need to wait until they clear and even then I read that cashiers check can be faked and this becomes known weeks after it is supposedly cleared
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Old 01-07-2011, 05:51 PM
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Re: best way to sell a high-mileage Jeep GC

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Originally Posted by JoeSchmoe007 View Post
How do you deal with private buyers when price is significant? I only sold my really old car for $1,500 and it was a cash transaction. If we are talking about anything over $6,000 then I would be really uncomfortable dealing with that much cash with someone I don't know. Then options are regular check or cashiers check (anything else?) but you need to wait until they clear and even then I read that cashiers check can be faked and this becomes known weeks after it is supposedly cleared
Very good points, Joe. What I did when I sold a car for $29,000 was made the buyer get a cashier's check from a branch office of one of the banks I use, in that case it was Chase. It helps to have a bank account at a national bank so that an out-of-state buyer can be accommodated. We completed the transaction at the bank (my local branch) so we both felt "secure" and whereby the check was instantly validated. If a buyer is getting a loan, there is a substantial paper trail that your bank can verify the legitimacy of the auto-loan check (and it would also be marked as a check for an auto loan).
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Old 01-08-2011, 01:44 PM
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Re: best way to sell a high-mileage Jeep GC

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Originally Posted by Bmwister View Post
Very good points, Joe. What I did when I sold a car for $29,000 was made the buyer get a cashier's check from a branch office of one of the banks I use, in that case it was Chase. It helps to have a bank account at a national bank so that an out-of-state buyer can be accommodated. We completed the transaction at the bank (my local branch) so we both felt "secure" and whereby the check was instantly validated. If a buyer is getting a loan, there is a substantial paper trail that your bank can verify the legitimacy of the auto-loan check (and it would also be marked as a check for an auto loan).
Say buyer doesn't have an account in your bank - what is involved for him to get cashiers check from your bank? Does he have to bring them $29,000 in cash?

Did you give buyer keys right after he gave you cashier's check or did you still wait for some period of time?
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Old 01-08-2011, 02:00 PM
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Re: best way to sell a high-mileage Jeep GC

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Originally Posted by JoeSchmoe007 View Post
Say buyer doesn't have an account in your bank - what is involved for him to get cashiers check from your bank? Does he have to bring them $29,000 in cash?

Did you give buyer keys right after he gave you cashier's check or did you still wait for some period of time?
Don't be afraid to call the cashier check issuing bank to verify that the cashiers check is legit. Copy the driver's license number of the buyer too. I had someone via eBay send me a fake cashiers check from a credit union to buy my laptop....I called first, thankfully, and avoided a $2K loss (and I contaced everyone the buyer had just recently bought from and they all had fake cashiers checks too and one guy was ready to walk out the door to ship $5K in stereo equipment...he was very glad I contacted him since he just assumed a cashiers check was legit)...needless to say, the credit union and the FBI got involved.
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Old 01-10-2011, 12:37 PM
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Re: best way to sell a high-mileage Jeep GC

I sold my '93 Grand Cherokee (as old as they get) with 170K miles on craigslist in a few days! I thought it may take weeks or months given the number of user and dealer postings, but I was pleasantly surprised to get my asking price. I had a very good write up with photos, and the car was in very good condition for the years/mileage/usage. Note that craigslist is very popular in the San Fran area so your experience may vary.
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Old 01-10-2011, 03:15 PM
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Re: best way to sell a high-mileage Jeep GC

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Originally Posted by JoeSchmoe007 View Post
Say buyer doesn't have an account in your bank - what is involved for him to get cashiers check from your bank? Does he have to bring them $29,000 in cash?

Did you give buyer keys right after he gave you cashier's check or did you still wait for some period of time?
Verifying by calling the issuing bank (or having your bank do so) is fine as mentioned. Yes, I gave them the signed title (I own all my vehicles outright) and keys on the spot.
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