Free 7 Day Trial RV GPS App RV Trip Planner RV LIFE Campground Reviews RV Maintenance Free 7 Day Trial ×
RV Trip Planning Discussions

Go Back   iRV2 Forums > iRV2.com COMMUNITY FORUMS > iRV2.com General Discussion
Click Here to Login
Join iRV2 Today

Mission Statement: Supporting thoughtful exchange of knowledge, values and experience among RV enthusiasts.
Reply
  This discussion is proudly sponsored by:
Please support our sponsors and let them know you heard about their products on iRV2
 
Thread Tools Search this Thread Display Modes
 
Old 07-19-2021, 10:26 AM   #1
Junior Member
 
Join Date: Feb 2021
Posts: 13
Selling Class A Privately

We are putting our 2015 Thor Ace up for sale. Purchased a new rig and elected to not trade this one in because we were not sure of delivery date of new coach. We have the title in hand. My question is, how is the best way to take payment so both the buyer and the seller are comfortable when they drive it away?
__________________
2021 Bay Star 3626
2019 Ford F150 toad
2015 Thor Ace 29.3
gandalf51 is offline   Reply With Quote
Join the #1 RV Forum Today - It's Totally Free!

iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!

Old 07-19-2021, 11:14 AM   #2
Senior Member
 
Join Date: Feb 2017
Location: Denver, CO
Posts: 1,145
Either use an escrow service or have them wire money to your bank.
__________________
2018 SD F-350 CCSB 6.2/4.30
2021 Alliance Paradigm 310RL
BirchyBoy is online now   Reply With Quote
Old 07-19-2021, 11:22 AM   #3
Senior Member
 
Join Date: Jan 2014
Posts: 4,387
When we sold our Discovery the buyer wired the money to our bank. Once the funds were received, I gave him a bill of sale and off he went.

That said, I'm in the process of buying a used Airstream from a private party and it's getting a bit complicated. It's financed out of state (I'm in Florida) and he never put tags on it. So I have to wire the money to the credit union, wait for them to send the seller the title and lien satisfaction letter, then take those two documents to DMV with a bill of sale to get tags. We cannot drive the trailer on the road until I get tags (just confirmed that this morning with FL DMV). I thought as long as I had a bill of sale I had 30 days to get tags.

There's a lot to be said for buying/trading from a reputable dealer. Of course in this case, no one had the RV I was looking for and I feel I got lucky to find one locally.

This is just Florida mind you. Other states may be easier/harder to deal with.

Quote:
Originally Posted by BirchyBoy View Post
Either use an escrow service or have them wire money to your bank.
jondrew55 is offline   Reply With Quote
Old 07-19-2021, 11:24 AM   #4
Senior Member
 
TonyMac's Avatar
 
Monaco Owners Club
Join Date: Oct 2014
Location: Idaho Falls, Idaho
Posts: 3,558
Stupid, but true.

Lemme tell y'all a story, stupid, but true.
My mom decided she wanted to sell her 1992 Champion EuroPremier. She and my dad had bought this beauty new, and had put alot of miles and memories on it, but mom felt that with dad's passing, and her advanced age and unstable stance, she could no longer safely enjoy this rig. I did not want her going thru the selling process, so I took the rig to my home near SLC and listed it for her, with power of attorney to sign and sell it. Many lookers, I took some for a drive, got the rig to a safe place and offered to let prospective buyers drive it, yadayada. Asking 16k. Three guys from 100 miles away in Idaho called, came by and were very serious. We haggled, and agreed on 14k. One guy whips out a personal checkbook. I told him his check was not gonna do anything, I needed cash or a bank instrument. He said 'drive it to Malad, I'll go to my house and get the cash, give it to you in Malad, and give you a ride home.' (Anybody see the problem yet?) I said ‘GiddyUp!’
I'm sitting in Malad when he shows up with one hundred and forty $100 bills. I count them, 14 stacks of ten $100 bills, and sign the docs, gather up all the pretty money, and we get in his truck, just him and I and one hundred and forty untraceable $100 bills, and we head out, hopefully to my house and not to some final resting place in the spacious and unpopulated mountains and deserts between Malad and SLC.

Lesson: do the transaction at your bank, even if your bank is not involved. Crooks don't want to go into a bank without a mask on, like vampires and daylight.
__________________
Cheers,
TonyMac
2006 Monaco Safari Cheetah 40PMT
TonyMac is offline   Reply With Quote
Old 07-19-2021, 11:33 AM   #5
Senior Member
 
Ljwt330's Avatar
 
Join Date: Jan 2018
Location: Capistrano Beach, California
Posts: 4,388
I've purchased many vehicles from private parties over the years, including my current coach, but there is one thing about buying a motorhome that influences the final transaction. In nearly every instance, the buyer must be present to pick up the coach, unlike a car which can often be shipped. Very few used coaches are shipped by a third party to a new owner. All of this means you will be in person-to-person contact with the buyer and pre-arrangement for final transfer of money and papers can be set.
__________________
Larry, Eileen, and Finley
2004 Alpine 36FDDS
Third motor home, first Alpine, no need for another.
Ljwt330 is offline   Reply With Quote
Old 07-19-2021, 11:34 AM   #6
Senior Member
 
Join Date: Feb 2017
Location: Denver, CO
Posts: 1,145
I’m in the process of selling my MH which has a lien. The loan is at a local bank and that’s my only account there. I’m headed over this afternoon to open a savings bank. I’m going to have the buyer (that gave a deposit last night) wire the money there and the payoff will be made instantly once it is received.
__________________
2018 SD F-350 CCSB 6.2/4.30
2021 Alliance Paradigm 310RL
BirchyBoy is online now   Reply With Quote
Old 07-19-2021, 11:34 AM   #7
Senior Member
 
Monaco Owners Club
Join Date: Aug 2020
Posts: 124
I recently sold a coach when we bought a different one. I actually sold it with a craigslist ad that cost me $5. Yes, nutjobs and lowballers called me almost daily.

I finally found a buyer, 1500 miles away. We went back and forth for a day or two asking/answering questions. Since he financed it there was a bank involved.

In the end, he flew in, and handed me a certified check from the bank, and a cashiers check for his part of the sale price. My wife went to our bank and they verified everything was in order while I did a walk-around with the buyer. Once the money hit our bank account, I signed the title and dropped it into a fedex envelope addressed to the bank with some other paperwork, and handed him the keys.

Cashiers checks can be a source of trouble, but the buyer and I stalked each other for the month that it took for the sale to go though. LinkedIn had pretty good info about both of us, and our respective professional lives. Certified checks from a major bank are, from what I understand, equivalent to a wire transfer. I felt pretty comfortable that I wasn't being scammed.

The Craigslist scammers I figured out within a couple of days and I just didn't answer their calls. The cash offer guy was the worst though. Time elapsed from ad placement to sale was 45 days, and in that time, I had three serious buyers look at the coach. The ultimate buyer got it sight unseen, but he bought the pre-purchase inspection from one of the other serious buyers who had a turn of circumstances that stopped him from completing the sale.
__________________
2003 Monaco Dynasty
2020 Chevy Spark Toad
RS505 is offline   Reply With Quote
Old 07-19-2021, 01:23 PM   #8
Senior Member
 
Join Date: Jan 2014
Posts: 4,387
At some point trust comes into play. The guy I'm buying the airstream from seems pretty solid. Verifiable job. I've been to his house 5 or 6 times and he just lets me do whatever I want to as far as inspecting the trailer goes. I only bother him when I have a question. So yea, at some point I'll have a bag of money and he'll have the trailer. I'll probably be the vulnerable one (although I'll actually be wiring money to an out of state credit union.


Quote:
Originally Posted by RS505 View Post
I recently sold a coach when we bought a different one. I actually sold it with a craigslist ad that cost me $5. Yes, nutjobs and lowballers called me almost daily.

I finally found a buyer, 1500 miles away. We went back and forth for a day or two asking/answering questions. Since he financed it there was a bank involved.

In the end, he flew in, and handed me a certified check from the bank, and a cashiers check for his part of the sale price. My wife went to our bank and they verified everything was in order while I did a walk-around with the buyer. Once the money hit our bank account, I signed the title and dropped it into a fedex envelope addressed to the bank with some other paperwork, and handed him the keys.

Cashiers checks can be a source of trouble, but the buyer and I stalked each other for the month that it took for the sale to go though. LinkedIn had pretty good info about both of us, and our respective professional lives. Certified checks from a major bank are, from what I understand, equivalent to a wire transfer. I felt pretty comfortable that I wasn't being scammed.

The Craigslist scammers I figured out within a couple of days and I just didn't answer their calls. The cash offer guy was the worst though. Time elapsed from ad placement to sale was 45 days, and in that time, I had three serious buyers look at the coach. The ultimate buyer got it sight unseen, but he bought the pre-purchase inspection from one of the other serious buyers who had a turn of circumstances that stopped him from completing the sale.
jondrew55 is offline   Reply With Quote
Old 07-19-2021, 01:33 PM   #9
Senior Member
 
Join Date: Oct 2014
Posts: 3,925
Wire transfer with these steps:


Buyer verifies he wants the coach, price agreed on, any inspection, test drive, etc completed.


Seller shows/provides buyer with copy of title in seller name. If copy, VOID across copy-- seller needs to be comfortable that the VIN matches, vehicle is in seller's name.


Buyer wire transfer's money to seller's bank (get instructions from your bank).


When your bank notifies you that the money is in your account (normally only an hour or two) turn over physical possession and title.


If it is to be registered in the same state, both of you go to the office to transfer title. If to be titled in another state, draw up and have buyer sign and get motorized that as of "time and date" the vehicle is his and he is responsible for it and its operation.


Everyone protected-- just the business-like way to handle it.
__________________
Brett Wolfe
Ex: 2003 Alpine 38FDDS. Ex: 1997 Safari Sahara. Ex: 1993 Foretravel U240
wolfe10 is online now   Reply With Quote
Old 07-19-2021, 02:08 PM   #10
Senior Member
 
ArtJoyce's Avatar
 
Monaco Owners Club
Freightliner Owners Club
Holiday Rambler Owners Club
Join Date: Sep 2019
Location: Thornville, Ohio
Posts: 1,523
The time I bought a trailer that had a lean. We did the transaction at the bank that held the loan. It was out of state and my DMV told me everything we needed as far as BOS and notary.
__________________
Art & Joyce
Thornville, OH
35' DP Endeavor being pushed by a Kia Soul
ArtJoyce is online now   Reply With Quote
Old 07-19-2021, 02:26 PM   #11
Member


 
Join Date: Apr 2021
Posts: 69
Wiring the money to the seller's bank account worked in our case, after we had a thorough inspection of the fifth wheel done.



When we bought our fifth wheel, we spoke with the seller on the phone several times, asked questions, chatted about general things, and developed a rapport. We felt he was legit, and he determined we were legit. We are in WA, he and the trailer were in FL. He agreed to let us have a RV place do a thorough inspection, the inspection took a few hours and came back clean. We then had our bank wire the money to the seller's bank. Once his bank confirmed to him the funds were received, we had a shipper pick up the fifth wheel a few hours later. Smooth transaction, completed in about 6 days from initial contact to the shipper hauling the trailer away. Would have been even quicker but it took a few days for the RV shop to send a crew over to do the inspection for us.


Thanks,
Joe
__________________
Tow Vehicle - 2009 Dodge RAM 3500, Cummins 6.7L, 4x4, Quad Cab, Long Bed, DRW, 4.10 rear
5th Wheel - 2016 Keystone Alpine 3900RE, 39'6" length, 15,500 GVWR
Cargo Trailer - 2021 Express 8x24 Aluminum cargo trailer, 9990 GVWR
Motorcycle Trailer - 2014 Aluma MC10, 2000 GVWR
immortl is offline   Reply With Quote
Old 07-20-2021, 05:03 AM   #12
Senior Member


 
Join Date: Oct 2016
Location: Rendon, Texas
Posts: 1,201
If you have a bank or credit union that you do business with, contact them to do the paperwork/transfer at that location. When $$$ is wired to your bank, release the title and vehicle. If buyer brings cash, make the transfer at the bank. Safer.

You could also do the same, if you feel capable, at your home.

In either case, screen your potential customers vey well.
__________________
May your smiles be many and the miles be plenty.

Karen & Allen Van Zandt
txcpl is offline   Reply With Quote
Reply

Tags
class a, sell



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
Selling Your Class A Privately Desiday Class A Motorhome Discussions 23 01-02-2019 09:54 PM
Traveling in Canada with a US privately-owned MH Full.Monte Canada Region 23 10-01-2012 01:08 PM
Privately owned RV sites? doc Camping Locations, Plans & Trip Reports 8 06-22-2011 11:31 AM
Buying Privately Globetrotter Newmar Owner's Forum 13 02-18-2007 10:10 AM

» Featured Campgrounds

Reviews provided by


All times are GMT -6. The time now is 09:19 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.