Question for people who have sold their car

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I am about to sell my car, and just had a question/concern. I have to fax a copy of my car title to the buyer's bank. He also told me that I have to fax them a copy of the bill of sale. I read online that you should not give the bill of sale until the seller has received the funds for the car. Is this true? Should I not fax a copy of the bill of sale over to his bank before receiving my funds?  

  IMO, I would like to receive all funds before sending anything?  

  that's what I figured. I don't really care about faxing over the title, cause I still have the original copy. He said the bank needs to see a copy of the title in order for him to receive the check for what he got approved for.  

  Maybe ask for a down payment and some sort of contract?
You dont want to get ****ed on something like this   

  yeah, tell me about it. I mean, I already met the guy once when he came to check the car out, and I have talked to him multiple times, but you never I guess.  

  

Originally Posted by malakia12
that's what I figured. I don't really care about faxing over the title, cause I still have the original copy. He said the bank needs to see a copy of the title in order for him to receive the check for what he got approved for.

He might need the title info, but he should not need a bill of sale prior to buying it.  The bank will only loan him a certain amount, the value they consider the car to be.  It's called loan value.  Some banks only give 80%, some give full value.
And definately write a terms of sale agreement, with both of your signatures.  

  

Originally Posted by zbeam3
He might need the title info, but he should not need a bill of sale prior to buying it.  The bank will only loan him a certain amount, the value they consider the car to be.  It's called loan value.  Some banks only give 80%, some give full value.
And definately write a terms of sale agreement, with both of your signatures.

Well see, I thought that the bill of sale is a sale agreement. I have to sign it as well as him, and it also states all the other facts/warranties about my car.