Financing A Car
I am contemplating selling my car and was considering selling it for 800 down and 200 per month for 12 months. If I were to sell it this way how would I structure the note? Is this something that can be done on a personal basis or would I need to have a liscense of some sort to do this deal? Any ideas would be appreciated.
I have sold 3 cars this way, and hear are the results and I did not to any credit checks whatsoever but 2 of them made a small down payment And I never got another payment and had to go pick up the cars but the other car I sold is still bieng payed for (so I would say check out the buyer really well before you sell them the car because it is a pain in the but to reposes the car and it is always in worst shape than when you sold it to them
I have heard if you use there social # and report them to the credit buero then you will eventialy get your money "do you have to reposes the car" do you have to take them to court to get money instead of the car that they thrashed or wrecked