Paying for a trailer - Fiberglass RV


Reply
 
Thread Tools Search this Thread Display Modes
 
Old 08-12-2015, 10:22 AM   #1
Member
 
BuzzBunny's Avatar
 
Name: Barry and Kathy
Trailer: 1975 Trillium 1300
Ontario
Posts: 96
Registry
Paying for a trailer

Being new to all of this, how does one pay for a used trailer without handing the PO a handful of cash?
If I leave him with a down payment, how can I be sure that he won't sell it to someone else before I can finish paying for it and towing it away?

Getting jittery about buying a trailer......


Kathy
__________________

__________________
BuzzBunny is offline   Reply With Quote
Old 08-12-2015, 10:28 AM   #2
Commercial Member
 
tractors1's Avatar
 
Name: Charlie Y
Trailer: Escape 21 - Felicity
Oregon
Posts: 1,127
If you do a deposit, get a bill of sale showing balance owed that has the VIN number, make, model, etc - just like a car.
__________________

__________________
Charlie Y

Don't drill holes, try custom storage you design: http://RVWidgetWorks.com
tractors1 is offline   Reply With Quote
Old 08-12-2015, 10:47 AM   #3
Senior Member
 
Bob Miller's Avatar
 
Name: Bob
Trailer: 1973 Hunter Compact II
California
Posts: 7,912
A Bill of Sale indicates that the item was sold to you and not just being held with a deposit.


A "Receipt of Deposit" is what you need to have the seller sign when you make a deposit. Here are some of the things that must be on the receipt. You can find one on-line or write one up yourself before going...


1. Yours and the Sellers names and addresses.
2. The agreed upon selling price
3. The amount of the deposit and the current balance
4. The Terms of the Contract:
A. How long the deposit is good for, list an exact time and date when it expires.
B. Sellers and Buyer recourse if default occurs. Who gets to keep how much.
C. Any special conditions that must be met by either party. i.e. repairs, included accessories, paperwork issues etc.
5. The date and time of the acceptance of the deposit.
6. The Sellers and the Buyers signatures.

And, because you are in Canada, pass this by a legal eye first, there may be more needed.

In California (the other CA) if a seller sells a vehicle out from under you, and you have a valid "Receipt of Deposit", you can either sue for damages or you can request that the DMV rule the sale invalid as you were holding a lien on it when it was sold. Just giving back the deposit will not release a seller from legal obligation as you "Owned" the trailer, via an agreed upon temporary lien, much in the same way that you own a vehicle with an outstanding bank loan.

Payments are usually made in cash, but for larger amounts the transaction is often made inside a local bank. Let us know what the seller wants.
__________________
Bob Miller is offline   Reply With Quote
Old 08-12-2015, 11:13 AM   #4
Senior Member
 
David Tilston's Avatar
 
Name: Dave W
Trailer: Trillium 4500 - 1977, 1978 (2), 1300 - 1977, 1973, and a 1972
Alberta
Posts: 5,317
Registry
I just hand the PO a wad of cash.
__________________
David Tilston is offline   Reply With Quote
Old 08-12-2015, 11:33 AM   #5
Senior Member
 
Bob Miller's Avatar
 
Name: Bob
Trailer: 1973 Hunter Compact II
California
Posts: 7,912
Quote:
Originally Posted by David Tilston View Post
I just hand the PO a wad of cash.
But Dave, you seem to buy Trilliums for so little, wouldn't a "Handful of Loonies" be more accurate??? LOL
__________________
Bob Miller is offline   Reply With Quote
Old 08-12-2015, 12:08 PM   #6
Senior Member
 
David Tilston's Avatar
 
Name: Dave W
Trailer: Trillium 4500 - 1977, 1978 (2), 1300 - 1977, 1973, and a 1972
Alberta
Posts: 5,317
Registry
Quote:
Originally Posted by Bob Miller View Post
But Dave, you seem to buy Trilliums for so little, wouldn't a "Handful of Loonies" be more accurate??? LOL
__________________
David Tilston is offline   Reply With Quote
Old 08-13-2015, 12:40 PM   #7
Junior Member
 
Name: grant
Trailer: 13' burro, 13' casita, 20' nomad f/w
Texas
Posts: 21
Along with a bill of sale get a picture of the sellers drivers licenses, easy with a cell phone, then you have a record;
__________________
gcssr39 is offline   Reply With Quote
Old 08-13-2015, 01:17 PM   #8
Senior Member
 
Name: Steve
Trailer: Scamp 13
California
Posts: 1,418
Make sure the trailer is titled and registered by the person selling it. Anything other than that opens up a big can of worms that you may or may not be able to resolve.

In some states the title transfer has to be notarized. Can't get it notarized if the person selling it isn't on title. Read the title papers very carefully. Never trust a person that the new title will be mailed to you. Once they have the money there is no incentive for them to drop their life and deal with your new found problems. A trailer with paper problems are not bargains and you will wish you never got involved if things go badly. A bill of sale may make it your property just doesn't mean you can ever get it legally on the road. Some localities are easier to deal with issues and some are impossible. You won't know until your knee deep in it.

I have auto club when I can, I meet the seller there to make the transfer. Then its all done in one visit. title transferred, registration done and security cameras everywhere. Handing over 5-10 thousand dollars makes me feel much better inside Auto Club than a super market parking lot or an alley someplace.

Its also better for the seller too since the transfer is complete they no longer have liability running down the back roads someplace. I haven't always gotten sellers to corporate with this but most responsible people will do it.
__________________
stevebaz is offline   Reply With Quote
Old 08-13-2015, 02:35 PM   #9
Member
 
Name: John
Trailer: Casita
California
Posts: 50
Cashiers check. If the seller is nervous about it have him meet you at your bank, sign the papers and get the check while he is there.
__________________
Ziggy is offline   Reply With Quote
Old 08-13-2015, 02:56 PM   #10
Senior Member
 
M Scott's Avatar
 
Name: Marilyn
Trailer: 13 ft 2005 Scamp Deluxe; 2002 Subaru V6 Outback
Oregon
Posts: 175
Once title issues settled, you can work through your bank and seller's bank. My bank mgr via phone confirmed title/notary with seller's bank mgr - was quick and painless.
__________________
M Scott is offline   Reply With Quote
Old 08-13-2015, 04:25 PM   #11
Senior Member
 
Borrego Dave's Avatar
 
Name: Dave
Trailer: Casita SD17 2006
California
Posts: 2,925
Quote:
Originally Posted by gcssr39 View Post
Along with a bill of sale get a picture of the sellers drivers licenses, easy with a cell phone, then you have a record;
MMMM, after buying and selling well over a hundred vehicles, using standard paperwork with not one problem, this comes off as way over the top. If a seller was trying to scam you, a fake drivers license is just as easy to get as a title. Has anyone here really had a problem or is this just making a mountain out of a mole hill? I've only read of one person that had a problem and that was with buying one sight unseen.
__________________
Borrego Dave is offline   Reply With Quote
Old 08-13-2015, 05:14 PM   #12
Senior Member
 
Bob Miller's Avatar
 
Name: Bob
Trailer: 1973 Hunter Compact II
California
Posts: 7,912
It would be nice if there weren't problems but, unfortunately, with RV's, they seem to multiply. Primary problem seems to be Hot Titles, Where the seller bought it from someone else who brought it from someone else etc. and no one bothered to re-register it along the way. That's currently illegal in California unless you are a dealer, but that won't stop others from trying.


In some cases the seller isn't even aware of the problems but, once they get their money, they have little interest.


I once bought an Airstream Bambi in VA, with a title in the sellers name, albeit an out of state title. When I tried to track down a previous owner via the Wally Bynum Club number on the coach, I discovered that it had, unknown to the real owner, been stolen out of a storage yard almost a month earlier and retitled.


Bottom line, I managed to get the "seller" to come pick it up and refund my money and as he drove off with the Bambi the sheriff picked him up for having a stolen vehicle. Turned out he was related to the storage yard manager.


Although most of my RV dealings have gone well, I have turned several down for myself, as well as for customers I was doing inspections for, usually because of questionable paperwork.


BTW: Any check the sellers gives the buyer, even if immediately deposited, can still bounce if it is stopped before it clears. At the bank, have the buyer give you cash in hand, after they cash their check.
__________________
Bob Miller is offline   Reply With Quote
Old 08-13-2015, 05:28 PM   #13
Senior Member
 
CampyTime's Avatar
 
Name: Wendy Lee
Trailer: Scamp 13' Standard
New York
Posts: 1,061
Registry
I had to drive several hundred miles to meet the PO to buy my trailer and he insisted on cash and I didn't blame him. Absolutely wonderful human being so I was fortunate and understand your feelings as I had many thousand in 100 dollar bills below my rear end as I drove.

He had no way of knowing whether I would hand him a fake bank check and I would have felt the same, especially since deal was being made with considerable travel for both of us. Sometimes you gotta do whatcha gotta do.


Sent from my iPhone using Fiberglass RV
__________________
CampyTime is offline   Reply With Quote
Old 08-13-2015, 10:03 PM   #14
Member
 
BuzzBunny's Avatar
 
Name: Barry and Kathy
Trailer: 1975 Trillium 1300
Ontario
Posts: 96
Registry
Encountered an ownership issue when we viewed a Scamp today.
Thanks for all the great advice.
__________________

__________________
BuzzBunny is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Paying Attention honda03842 General Chat 20 06-25-2015 11:06 AM
Was it you/Paying to much Perry J Money Matters 4 04-18-2010 10:21 PM
Paying Taxes Suzanne P. Fulltiming in a Molded Fiberglass Trailer 13 07-12-2007 04:37 PM

» Upcoming Events
No events scheduled in
the next 465 days.
» Virginia Campgrounds

Reviews provided by


Copyright 2002- Social Knowledge, LLC All Rights Reserved.

All times are GMT -6. The time now is 12:16 PM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.