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Old 05-26-2022, 09:52 PM   #34701
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If he bought for $9-10k, plus tax that’s $11,200. He lists for $14.5k and he won’t get that.

All that work and risk for $1-2k flip? That’s 10% return lol
Not much work, I useto do this with cars in the 1-5k range

4hrs total including drive times, insurance swap, cleaning
250$/hr minimum

If the guy is in college or highschool, that serious money

Or the car is a lemon, and he is just trying to break even with a "lowball" offer
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Old 05-26-2022, 10:07 PM   #34702
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Flipper probably didn’t even transfer title into their own name.

Pre signed regi and transfer from seller.
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Old 05-26-2022, 11:05 PM   #34703
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Depending on how bad that fender bender is, this could be a good buy: https://www.facebook.com/marketplace...4801503698263/
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Old 05-26-2022, 11:13 PM   #34704
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Flipper probably didn’t even transfer title into their own name.

Pre signed regi and transfer from seller.
Tell me more about this.

As the buyer, I hand over cash and how do I become the owner but not register the car? How do I even drive it home?

As the seller, I get cash and the buyer can do whatever he wants? What would the seller sign?


I’m trying to sell a car right now. Curious to know what buyers might do.
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Old 05-26-2022, 11:51 PM   #34705
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Tell me more about this.

As the buyer, I hand over cash and how do I become the owner but not register the car? How do I even drive it home?

As the seller, I get cash and the buyer can do whatever he wants? What would the seller sign?


I’m trying to sell a car right now. Curious to know what buyers might do.
So as the seller, all you need to do is sign the transfer form, and provide the signed registration paper (tearable strip at the bottom of your insurance). So what you could technically do is say, if you didn’t want to leave your home, Is take the cash, give the seller your registration and then fill in your part of the transfer form. They go to an autoplan brocher with the papers, transfer it into their name and pay tax etc and insure it.

What a curber will do is not fill their part in. Not register it in their name and not pay tax. Then when they flip the car, they will hand the paperwork that YOU filled out and YOUR registration to the next buyer, thus skipping them as owners and they make out with the profit. Yes it is fraud
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Old 05-27-2022, 07:34 AM   #34706
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Why don't autoplan places not accept paperwork without all the boxes filled?
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Old 05-27-2022, 08:02 AM   #34707
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Because they don’t get the paperwork until the boxes are filled. You can’t refuse to accept something that’s never brought to you.
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Well.. I’d hate to be the first to say it, but Westopher is correct.
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Old 05-27-2022, 08:15 AM   #34708
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The part missing in the description above is that the flipper or "interim buyer" (lol) either throws a D plate on the car, or takes a chance and throws a plate from whatever car they own on to drive it to wherever they need it to be... or tows it.

They do not insure it.

Super resourceful ones might just ask you if you mind dropping the car at x location and then they will drive you back home or something.

The way to avoid this? Go with the person to the insurance place and complete the transfer or insist on getting your "seller's copy" of the APV9T back. A good excuse, if you're not a confrontational person, is to say that you want to go turn your plates in to cancel your insurance as well.
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Old 05-27-2022, 08:54 AM   #34709
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Never ever ever ever let the car go without them giving you the completed sellers copy of the form. Ideally go with them to register the car in their name. Otherwise you're liable for any fees/damages/etc linked to that car.

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takes a chance and throws a plate from whatever car they own on to drive it to wherever they need it to be
Lol the guy did that when I bought my RX7. I didn't realize til I got back from the test drive and he moves the plate to another car so his girlfriend could go to work.
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Old 05-27-2022, 09:05 AM   #34710
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I don't know why people are so lazy and negligible in not wanting the seller copy of the transfer form. By the buyer not completing that you take the risk if anything happens it goes back to you because you are technically still the owner. And that could be a big headache.

Best thing to do is fill the transfer form complete, go to autobroker and transfer car ownership to their name, you leave with money and your transfer form. You have to keep that for 5 yrs as that is a legal document.
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Old 05-27-2022, 09:28 AM   #34711
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^ People want to sell their car, sometimes it can be quite hard... they're worried about anything going wrong that might upset the buyer and throw the deal and these type of buyers are quite manipulative, I've dealt with them a lot myself. I mostly deal with lower value cars (<$10k) and these guys are literally everywhere lol...

We're also car people too, we know what's up and even then some people here have no idea how these forms work. I've been shocked in the past how careless or ignorant people I've bought cars from are... like if it were someone other than me, I could have fleeced them completely... literally explaining to them as a buyer how to sell the car to me and things like that haha

I totally understand why so many people just trade their cars in at dealerships (besides the tax savings) or those cash for your car buying services have become so popular in places like the USA.
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Old 05-27-2022, 09:57 AM   #34712
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gotta say, this community is an abundance of info even on buying / selling.


Goodjob chaps.

https://vancouver.craigslist.org/rds...484688969.html

tempting.. but theres not much left of that quarter panel.

yet a few hundred bucks more gets you one of these.

https://vancouver.craigslist.org/rch...488857566.html
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Old 05-27-2022, 10:14 AM   #34713
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Quote:
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I don't know why people are so lazy and negligible in not wanting the seller copy of the transfer form. By the buyer not completing that you take the risk if anything happens it goes back to you because you are technically still the owner. And that could be a big headache.

Best thing to do is fill the transfer form complete, go to autobroker and transfer car ownership to their name, you leave with money and your transfer form. You have to keep that for 5 yrs as that is a legal document.
I always go with them when i'm the seller. watch them regi and plate it. also, until you know that has happened - you can't use your own plates for the next 10 days grace period if you're car buying.

however - I never take the seller with me when i'm the buyer. i passively discourage it. last thing i want is to hang out with the seller after the deal is done. especially w motorcycles, or project cars. I might not insure it right away.

I've never personally title skipped, but I have bought a car and a bike that way

bottom line is there are some nuances to the process. you are not required to immediately beeline to an insurance broker if you don't want to.

will some of this change under the new taxation rules? I guess that's unclear. We still don't really know how that is going to work.
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Old 05-27-2022, 10:19 AM   #34714
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seems like some sellers are starting to ask more realistic prices in the last week or so
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Old 05-27-2022, 10:25 AM   #34715
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I always go with them when i'm the seller. watch them regi and plate it. also, until you know that has happened - you can't use your own plates for the next 10 days grace period if you're car buying.

however - I never take the seller with me when i'm the buyer. i passively discourage it. last thing i want is to hang out with the seller after the deal is done. especially w motorcycles, or project cars. I might not insure it right away.

I've never personally title skipped, but I have bought a car and a bike that way

bottom line is there are some nuances to the process. you are not required to immediately beeline to an insurance broker if you don't want to.

will some of this change under the new taxation rules? I guess that's unclear. We still don't really know how that is going to work.
I am exactly the same. I prefer they don't come with me, but if they resist at all I don't argue.

The APV9T also states at the top of it that you do not have to present it at an autoplan broker for up to 10 days from the date of the sale. So legally there is no obligation to go with the seller to complete the transfer. It's a real grey area between the buyer/seller, kind of have to feel each other out with what everyone is comfortable doing.
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Old 05-27-2022, 10:33 AM   #34716
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https://vancouver.craigslist.org/rds...484688969.html

tempting.. but theres not much left of that quarter panel.
Was eyeballing this hard... that rust is pretty bad... B16 is yummy, would be a no brainer if it was a B18C

Hurts to know I sold my K20 EK for only $6500 with no rust lol... not sure I could accept a rusty B16 for a bit less... though the EG is sexier than the EK right now I think
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Old 05-27-2022, 10:49 AM   #34717
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I've never had an incomplete transfer form, always get the buyer to sign then take sellers copy. As yes I think if shit happens to the car afterwards you're still on the hook, so you have that to cover your ass, then cancel or transfer your plates, why would you pay extra days to ICBC
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Old 05-27-2022, 10:57 AM   #34718
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https://vancouver.craigslist.org/bnc...486940092.html

Same 2004 Blue EP3 with 85000km, mint condition on CL last month for less than 10K?

here you go. lol
I went to go look at this car and noticed the following issues.

- Car has been repainted within the last couple of years, their is clear coat peeling on the roof and near the doors.
- Seller told me its riding on cut springs
- VIN looks to be missing from the rad support, I looked it at it quickly but I may have missed it.
- Body kit paint is cracking in some areas, almost looks like it was installed and painted while on the car. The installation of the sideskirts near the door just doesn't look right

In my books, a hard pass even at 10k. At this price the car should be in stellar condition, with maintenance / service records. Seller claims he purchased it for 2k more than the asking price because it was that good.

Last edited by ali36; 05-27-2022 at 11:04 AM.
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Old 05-27-2022, 11:00 AM   #34719
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^ Seller is a liar, I asked him some honest questions about it and he told me he spent $3,000 on putting a new suspension in it???

LOL... now you're saying cut springs... wow... those are some expensive cut springs
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Old 05-27-2022, 11:03 AM   #34720
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I always go with them when i'm the seller. watch them regi and plate it. also, until you know that has happened - you can't use your own plates for the next 10 days grace period if you're car buying.

however - I never take the seller with me when i'm the buyer. i passively discourage it. last thing i want is to hang out with the seller after the deal is done. especially w motorcycles, or project cars. I might not insure it right away.

I've never personally title skipped, but I have bought a car and a bike that way

bottom line is there are some nuances to the process. you are not required to immediately beeline to an insurance broker if you don't want to.

will some of this change under the new taxation rules? I guess that's unclear. We still don't really know how that is going to work.
I will always go as well.
Years ago when I sold my old civic, I went with the buyer to the insurance place. The insurance place wouldn't process the transfer because he had outstanding traffic tickets. He didn't have cash on hand that day to pay those.
He did come back with cash to pay for the tickets the next day and we completed the sale, but for piece of mind I was so happy that I had gone with him.
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Old 05-27-2022, 11:04 AM   #34721
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why would you pay extra days to ICBC
because you can use your removed plates to go acquire your new car, and drive it home without registering it - for up to 10 days after selling your previous one.

i've done this multiple times. Especially handy if you have to go to the island for a running project and don't want to pay for $$$ tow/trailer transport.


as i said, as the SELLER I go to the broker w the buyer, and watch em pay the tax and do the transfer. It's a condition of sale for me, and eliminates potential liability
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Old 05-27-2022, 11:48 AM   #34722
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https://vancouver.craigslist.org/rds...488683245.html

last of the cheap attainable non rebuild manual e46 M3

Seller being upfront of what has not been addressed yet. but a nice drive as you maintain slowly basis kind of car.
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Old 05-27-2022, 12:08 PM   #34723
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https://vancouver.craigslist.org/rds...488683245.html

last of the cheap attainable non rebuild manual e46 M3

Seller being upfront of what has not been addressed yet. but a nice drive as you maintain slowly basis kind of car.
yep - it's tempting. keep the miles off it a bit, let the others catch up. Easily drive that car for free.

My picky ass can't tolerate a black or silver one. Anything else (except PY obviously) and I'd be making a move.
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Old 05-27-2022, 12:31 PM   #34724
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Anyone need a 5.0 swap
https://vancouver.craigslist.org/rds...488963460.html
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Old 05-27-2022, 03:19 PM   #34725
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The other danger no one has mentioned:

If you sell your car, and they drive off without swapping titles, then crash it, YOU are responsible for all damages.
If you have basic insurance, then you could easily be in the hundreds / thousands assuming it went into a building / lighting pole / etc

I sold one of my Z4s to a guy that flew in from Alberta, he did not bring his passport (since you don't need it for domestic), then we went to transfer the title, and get it insured for his drive home.
Since he only had his driver's licence, the agent could not transfer the car (system required two pieces or something)

So he drove the car home under my insurance, then mailed me transfer papers a week later.
I would have never let someone do this otherwise, only because the guy flew out and paid full price for the car
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