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Subject I live in Washington too, and here's what I did to buy a
     
Posted by 240Z FeO2 on February 16, 2009 at 1:32 PM
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In Reply To How can I put a secure deposit on a Z for sale that is... posted by Optima on February 16, 2009 at 02:40 AM
     
Message Z32 in Texas.

First, the seller and I agreed on a price subject to a pre-purchase mechanical and personal
inspection satisfactory to me.

Then I FAXed a purchase and sale agreement (below) that I drew up to him which required
that he sign the agreement and return it to me with the title to the car. I then sent him a
$500 deposit. This exchange of deposit and title was just to assure each of us that the other
was serious about going through with the deal.

The only obligations I had under the agreement was that I or my agent
had to inspect the car if I wanted my deposit back, and if I didn't buy the
car I had to return the title. If that inspection didn't happen the seller got
to keep the deposit.

Once the mechanical ppi was done and OK, I bought my plane tickets and went down,
looked the car over, and made payment.

Obviously, this is an arrangement only as good as the parties involved. (I could have ended
up in a ditch outside of Houston with a bullet in my head.) You've got to use your judgement
about the character of the guy and the situation you are dealing with. Since this is a car in
Oregon, and you're in SW Washington, I would just get my butt down there ASAP and close
the deal in person.

Chance favors the informed

     
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