Good deal or not a good deal?
First time poster and purchaser of an RV. I work internationally half the year and the other half I spend off. The last 4 yrs I've traveled the world. Now I want to travel around my home country when ...
Forum Discussion
valhalla360 wrote:mowermech wrote:valhalla360 wrote:
Get an independent inspection and value estimation and do a written contract.
You dealing with an associate, so the more you can do to keep it an unbiased arms length negotiation, the better.
Otherwise, when something goes wrong (and it will), you are less likely to blame your "friend" because you went in with eyes wide open.
A contract for a private party sale? For what? Is the seller going to finance it? If so, a contract is definitely needed. If it is a used goods, "as is where is, no warranty expressed or implied" cash sale, the only "contract" required is a Bill Of Sale.
If the seller wishes to give a 30 day 3000 mile warranty, that can be noted on the BOS.
I have never given a warranty of any kind on a used vehicle sale. If the buyer wants a warranty, he can contact one of the multitudes of Service Contract sellers that are available. Once the seller has the cash in hand, and the buyer has the title and possession of the vehicle, the deal is done and complete.
As for the coach in question, yes, I think it probably is a good deal. If you like the coach, and it appears to be well cared for, I would say "Go for it!" If an inspection would give you peace of mind, do that before the purchase.
Good luck.
You do realize a simple bill of sale...is a contract?
The issue here is he's not dealing with a stranger, so spelling out very clearly that there is no warranty (if that's what the seller wants) is good because there is also a relationship at risk and there may have been informal discussions during the process that can create confusion later when something goes wrong and verbal discussions were that everything works great.
Always better to spell things out.
I thought I made that quite clear.
"If it is a used goods, "as is where is, no warranty expressed or implied" cash sale, the only "contract" required is a Bill Of Sale."
Yes, of course, a BOS is a sort of "contract". In fact, my State DMV has a standard form BOS available for download on their website. Just download it, fill it out, sign it (preferably in front of a Notary Public), and there you are, a quick and easy "Contract To Buy and Sell"! No lawyer required, no hassle, no finding fault, just a done deal. I have done it many times.
