selling car: buyer wants to pay in two gives

[roycruz]

We have a buyer interested in our car but would like to pay a 50% deposit and another 50% when the money they are expecting arrives. Our buyer wants to get the car upon payment of deposit. Appreciate your advice on how to deal with this arrangement. Something that would be safe for us and fair to our buyer. Thanks!

[[archie]]

Pass, hanap ako iba buyer. Paano kung hindi dumating pera nila... Gulo pa yan.

Pero kung decided ka na, contract of sale muna. In x amount of days hindi na bigay yung remaining balance, forfeit yung deposit. Mahirap na usapan yung "basta dumating yung pera". No deed of sale until full payment. Hawakan mo or/cr.

Everything should favor you since ikaw yung maabala sa deal. Huwag mo isipin na kung fair sa buyer dahil wala sila risk diyan.

[Mguy]

Malabo yan.

I suggest you have them keep muna yun 50% dp and once dumating yun other 50%, then negotiate.

If he wants to reserve the car, let him give you some earnest money (ranges from 5k to 20k), and a deadline for the reservation. If that expires, you could either keep the earnest money or in good conscience, return it back to him.

[roycruz]

Pass, hanap ako iba buyer. Paano kung hindi dumating pera nila... Gulo pa yan.

Sure naman na dadating ang pera nila coz contract grower sila and kumare ng misis ko. Medyo alanganin lang kasi ako baka pag nasa kanila na magkaron ng reason for delay ng payment or what if may lumabas na problema sa kotse pag nasa kanila na and they insist na kami ang magpaayos. Gusto ko rin magka idea sa pros and con kung papayag kami.

[jhnkvn]

1. Walk away.
2. Get collateral equivalent.
3. Ask him to get a personal loan from a bank so that the bank shoulders the other half.

If the prospective buyer turnover is high, walk away. If not, get #2 and #3. As a seller, kahit ano gawin mo, always cover your liabilities. Kahit acquaintance mo nga paminsan tatakasan utang nila.. pano na kung kotse pa yan.

Collateral's quite a nice trade-off naman. Might be in a form you enjoy from Rolex watches to jewelry. Have it appraised independently in either case.

When all else fails and you really have a gut feel you trust the guy, ede payagan mo na Just remember to keep things clears on what the sale entails and to know where to find him in case he began delaying payment.

[Mguy]

Sure naman na dadating ang pera nila coz contract grower sila and kumare ng misis ko. Medyo alanganin lang kasi ako baka pag nasa kanila na magkaron ng reason for delay ng payment or what if may lumabas na problema sa kotse pag nasa kanila na and they insist na kami ang magpaayos. Gusto ko rin magka idea sa pros and con kung papayag kami.

Maraming reason pwedeng mag back-out maski mayaman pa yan. Sabay kumare pa, another good reason to delay payment.

[[archie]]

Sure naman na dadating ang pera nila coz contract grower sila and kumare ng misis ko. Medyo alanganin lang kasi ako baka pag nasa kanila na magkaron ng reason for delay ng payment or what if may lumabas na problema sa kotse pag nasa kanila na and they insist na kami ang magpaayos. Gusto ko rin magka idea sa pros and con kung papayag kami.

Mas mahirap kung ka kilala. "as is where is" basis niyan upon getting the car. No reason not to pay the remaining balance. Magkakasiraan pa yan kung hindi sila maka bayad or may mangyari masama.

Sobrang dehado ka diyan...

[yebo]

mas magaling pa nga manubas ang mga kakilala kung minsan. friends naman e, utang muna bayad kalimutan, o at least pahirapan. kasi alam na mahihiya ka maningil kaya take advantage.

contract grower? naku dami pwede dahilan nyan para di magbayad. e mababa timbang ng manok, masyado mataas fat content, di pa kami binabayaran ng magnolia, etc etc etc.

misis ko nagpautang ng 200k sa kaibigan, issue ng pdc, ayun talbog. bukas ng bukas, next week, hangang naubos na pwedeng dahilan. di na sila naguusap, di na sila friends.

sabi nga namin sa isa't-isa ng mga kaibigan ko, pag hindi naman life or death situation huwag ka mangungutang sa kaibigan. kasi yan ang number 1 na dahilan kung bakit nagkakasamaan ng loob. pag di napahiram masama loob, pag di nagbayad masama din.

sabihan mo na lang na bumalik pag buo na pera nya.

[roycruz]

Thanks sa quick replies! Will evaluate all suggestions carefully before we make a decision, probably by tomorrow. Forgot to say, client din ng misis ko yung prospective buyer so baka magtampo pag hindi maganda ang sagot namin.

Thanks ulit!

[yebo]

saka never sell a 2nd hand car to a friend unless you are sure the car you are selling is 100% in top condition. ikaw lang masisisi dyan. benta mo sa di mo kilala, mas mataas pa presyo mo mabebenta. at pag nasira, as-is-where-is, no warranties. pag kaibigan mo baka sabihin pa sa iyo hati kayo sa pagawa.