ShadowSix wrote:
I know some of you guys have done this a lot. What's the process? If you do this a lot and can lay down a step-by-step that'd be awesome. Also:
* How do you negotiate the price? Do you haggle before flying down? Seems like once you're down there you aren't in a very powerful bargaining position.
* Do you do a PPI somehow? Contact local shops? Use the GRM network?
* How do tags and stuff work? Can you get a temp in the state you're buying in?
* How do you do payment? Carry a few thou on the plane? Take out $6k in $20 bills from a local ATM?
I negotiated the price I was willing to pay for the car before I bought the ticket. When I negotiated the price, I negotiated based on what I was told about the car by the seller. I was prepared to show up, see a bad car, and then just get back to the airport and buy return tickets (I brought my Dad). If I liked it, I had no reason to haggle, so I just handed him a check, signed the title, and drove away grinning.
We jacked up the car and I had a look at the underside and did some poking around, but the car was cared-for and only had 26,000 miles. There was no accident damage, it drove nicely, and only needed an alignment. It probably wouldn't be a bad idea to ask the seller to coordinate an inspection, but I guess it depends on what you're buying.
I just took a bank check for the price we agreed on. If you take out a loan, you start accruing interest the second they write the check, but on a 20,000 car, it's probably only $20 a month max. You get the check a day or two before you fly out and if you hate the car, you return the check to the bank and they cancel it. You pay a dollar or two in accrued interest and keep looking for a new car.
For your last two questions:
I had an interesting experience. I just posted what I was willing to pay for the car I wanted on a forum and people started contacting me. A lot of them had really nice Vipers with extra wheels and modifications. They wanted a little more than I wanted to pay, but they gave me lots of advice. Ultimately I got a message along the lines of "Hey, I have a car that matches your description. I'll sell it to you for what you want to pay." I knew what I wanted and what that was worth to me, so I didn't have to do that back and forth negotiation crap. It was kind of fun this way.
Based on my level of trust from the seller, which was based on the quality and number of photographs of the car and at least two solid hours of phone conversations, I felt comfortable buying two one-way tickets to get my Dad and me out there. If I felt like he might have a reason to hide something, I might have bought round-trip tickets.
Take fun and have luck!