Private sell

[hdgoldie]

Have your bank - or his - handle the transaction. When the deal is set, get a payoff letter from your loan (then can email or fax so you can get it quickly). At closing, the buyer will electronically send the money to your loan and the balance to the account of your selection. Your loan holder should be able to acknowledge receipt and confirm a release of title - some will do it in writing. That should satisfy your buyer and you. We were fortunate - our loan was at the same bank we used for all our accounts so it made for a very smooth transaction. Be cautious - we had a buyer want to pay us with a check, said his bank didn't do electronic transfers. BS. It was an attempted scam. Real buyers do not have any objection to transferring money. We actually had a buyer who put a deposit down by using Walmart to Walmart cash. We didn't even know that existed. It does and it's pretty darn slick. Your other alternative would be to ask a local dealer to do a "dealer assist." Most will do that - particularly if the buyer needs financing. They can get the finance income, charge you a small fee, and your buyer can have the confidence that everything is above board.

[tnedator]

Assuming I go the route of having money wired to the bank where my loan is (I'm under water so will have to pay off part of it as well), that will release the title, but what other paper work needs to be done.

Is it just a bill of sale that the new buyer uses to get the title? To be honest, I haven't bought or sold a car that wasn't through a dealership in several decades, so I have no idea on what's needed to transfer title and the like.

I'm planning to take some pictures of my ACE this weekend and post it on Thor Forums and RVTrader, but I'm still not clear on exactly what steps are needed to transfer ownership to the new buyer once I sell it.

[Ann n Gene]

You will likely need to pay it off ahead of time and have the title and lien release from your mortgage holder in hand before a buyer will be able to hand over the money. All JMHO but what I have always done to sell an RV private treaty. You might want to use an escrow agent to hold the title until you know the money is good then release the title to the seller.

[brobox]

My previous sales was to a Canadian buyer, so we had to deal with an out of country transfer. I took my title to my bank so they could verify to his bank in Canada that the title was clear. He was paying cash, but he used his bank in Canada to handle the wire transfer to my bank and receive the title. Once the title was received, 2 days Fed Ex, and the bill of sale emailed, he was able to obtain a temp tag from Canada to transport the MH. Basically we both used our own banks to be our escrow agents. Both were very experience with vehicle sales and transfers

On my current sale we used my dealer NIRVC to handle the transfer and title work. A $500. charge, the buyer was very comfortable, and the sale showed as a trade in in lowering my sales tax on the new purchase. Check with your dealer and see if they offer that service.