Go Back   Winnipesaukee Forum > Winnipesaukee Forums > Automotive
Home Forums Gallery Blogs YouTube Channel Classifieds Links Calendar Register FAQDonate Members List Search Today's Posts Mark Forums Read

Reply
 
Thread Tools Display Modes
Old 06-10-2015, 09:05 PM   #1
bigdog
Senior Member
 
bigdog's Avatar
 
Join Date: Apr 2006
Location: Central MA-Gilford
Posts: 971
Thanks: 126
Thanked 65 Times in 54 Posts
Default Private Car Sale in NH?

I'm purchasing a new car next week, and undecided whether to take the Dealer trade or sell my car myself.

I know trading makes more sense and a lot less hassle, but may be able to make considerable more selling the car myself. The car is fairly good shape, and would sell on Craigslist.

In Mass......
I know 'private' car sales have the same 30 day warranty, as if a dealer sells the car. There is no such thing as selling a car in Mass. 'as is' anymore.
The car also must pass MA State inspection. If the car doesn't pass inspection, the buyer has the right to return the car to you for a full refund of money,
if it requires more than 10% of the puchase price in repairs to get the car to pass inspection.

I'm not saying that my car won't pass inspection, but once it's sold I do't want it back to repeat the circle.

I know here is a 'leomon law' in NH, but I believe this only applies to 'new' cars.
What is the 'private' car sale regulations in N.H. ?

Thanks,
BD
bigdog is offline   Reply With Quote
Old 06-11-2015, 08:42 AM   #2
AC2717
Senior Member
 
AC2717's Avatar
 
Join Date: Apr 2007
Location: Maynard, MA & Paugus Bay
Posts: 2,120
Thanks: 577
Thanked 250 Times in 182 Posts
Default

in MA, if you list the knowable problems associated with the vehicle with the bill of sale, the buyer cannot come back to you for the known issues with the vehicle.
I am unaware in NH though
__________________
Capt. of the "No Worries"
AC2717 is offline   Reply With Quote
Old 06-11-2015, 08:49 AM   #3
chipj29
Senior Member
 
chipj29's Avatar
 
Join Date: Apr 2004
Location: Bow
Posts: 1,859
Thanks: 496
Thanked 290 Times in 154 Posts
Default

In NH you can sell as is. No warranty, no lemon law, no requirement for it to pass inspection.

If you do sell to a private party, make sure your bill of sale states "Sold As Is-no warranty" or something like that.
__________________
Getting ready for winter!
chipj29 is offline   Reply With Quote
Old 06-11-2015, 08:55 AM   #4
That Guy
Senior Member
 
That Guy's Avatar
 
Join Date: May 2015
Posts: 182
Thanks: 37
Thanked 74 Times in 43 Posts
Default

"as is"

That Guy is offline   Reply With Quote
Old 06-11-2015, 09:30 AM   #5
Airedale1
Senior Member
 
Airedale1's Avatar
 
Join Date: Mar 2010
Location: Laconia
Posts: 592
Thanks: 556
Thanked 1,550 Times in 274 Posts
Default

Of course the answer to the question, "undecided whether to take the Dealer trade or sell my car myself?" Depends on how much the dealer is offering for the trade-in.

Here's what I have done in the past. I had a 2007 Rav4 that I wanted to use to trade for a newer vehicle.

So, I went on line to Edmunds:
http://www.edmunds.com/appraisal/ and got a price for what a dealer would sell the trade-in for and I chopped 2K off of that number. Next I told the dealer the number I wanted for my Rav4 in a trade and he offered me 2K less than that number. So, I walked out on the deal. Two days later he called me back and offered me an additional 1K for the trade and I told him it had to be yet another 1K. He said they could not do it and that was the end of that conversation. The next day he called back and I got my full asking price for my trade-in and we did the deal.

The point is that you need to know what your car will bring to them and allow for them to make a profit on it and stand firm. Good luck!
__________________
"The true meaning of life is to plant trees, under whose shade you do not expect to sit." Nelson Henderson (1865-1943)
Airedale1 is offline   Reply With Quote
Sponsored Links
Old 06-11-2015, 09:00 PM   #6
bigdog
Senior Member
 
bigdog's Avatar
 
Join Date: Apr 2006
Location: Central MA-Gilford
Posts: 971
Thanks: 126
Thanked 65 Times in 54 Posts
Default

Thanks every one for all the great responses.
I may sell car in NH or Mass whoever comes up with the cash.

BD
bigdog is offline   Reply With Quote
Old 06-11-2015, 09:07 PM   #7
songkrai
Senior Member
 
Join Date: Dec 2009
Posts: 688
Thanks: 34
Thanked 139 Times in 93 Posts
Default

Quote:
Originally Posted by Airedale1 View Post
The point is that you need to know what your car will bring to them and allow for them to make a profit on it and stand firm. Good luck!
All can be complicated as to price of new car. Dealer cost, invoice cost, MSRP sticker price, 4% hold back, etc. And then local regional incentives, rebates, 0% financing (cost of money)etc.

Just to use some hypothetical round numbers. Fake numbers to make a point.

A $30,000 MSRP cost the dealer $27,000. 10% off the MSRP.
You have a complete clunker with engine and transmission failing with all sorts of other problems.
You go to trade it in and the dealer offers you $2,500 off MSRP for your car as a trade.
Wow! The dealer gave you a real good deal and a lot for your old clunker as a trade in. The new car dealer gave you $2,500 for a car that is worth $200.00 from a junk yard. You got a real good deal.
Or did you?

When in fact, if you walked in and offered the new car dealer $27,200.00 without a trade in you cold have purchased that new car without any trade in.
So what did the dealer actually give you for your trade in in real money?

These are fake numbers but do make a point about trade ins.

To obtain the real value of your trade in is to visit new car dealer. Park way away from showroom.
Make the best deal you can for the car you want. Obviously, as stated above, find out what this new car is selling for or worth.
Once you have made the best deal and you agree that this new car is worth the agreed upon price - then - and only then - do you tell dealer you want to trade in your old car. Sitting way over at far end of lot.
This is the only way you will find out what your trade in is worth in real money.
Only then, do you decide whether to sell yourself or trade in.
songkrai is offline   Reply With Quote
Reply

Bookmarks

Thread Tools
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

Forum Jump


All times are GMT -4. The time now is 05:21 PM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions Inc.

This page was generated in 0.08655 seconds