Hi Red, Great video! I have a 40 ft luxury motorhome that I would like to sell using seller financing. Would you mind sharing an example of a seller financing contract? Thanks!
Do they have to have full coverage or no?Also what kind of kill switch(brand)do you put on the car and do you have to disclose this to the buyer .And after final payment remove it?
@@nnrq822 it’s up to you to negotiate on what coverage they must have. As far as the kill switch goes - I install them at my local locksmith so I wouldn’t know the brand. And Again up to you to disclose that to the buyer
@@Glow0110 no need to do it in person. Just add the seller as additional person on your insurance policy. When registering - your seller is the lien holder and you are the registered owner. Please DM me on my IG @redasthecolor if you need help with paperwork
@@ItHappens473 great question! There are multiple ways to do it. Please join our CarLab community where we talk everything about cars including creative finance 👇 www.skool.com/carlab/about?fbclid=PAZXh0bgNhZW0CMTEAAaYSU3slPGkvLDkFF-X3whKeY1Imt9ECn-Y3jrQZN3iM2dd7SOgDekg8q_o_aem_y4ueVNBFoUXRYEdW06PYZA
Would if my name and the buyer name is on the insurance. Wouldn’t that after the person paying the insurance and as well mines if say they get in an accident?
@@redasthecolor thanks for replying. In the video, you said that you and the buyer name goes on the insurance. By both names being on the insurance, that would make the insurance that they pay to be higher correct?
Here is a big problem with this format: With both seller and buyer on the title, the seller retains liability for the car. If the buyer crashes the car and is underinsured the victim can sue both parties, BIG red flag. Why would you not just put yourself as lien holder Insulating yourself from liability? I suspect you are trying to not get classified as a dealer in your state? I am in the car business but not a dealer and would like to do seller financing. Have you had to do repos? Do you put tracking devices on the car? A kill switch is nice but if they are in Yuma or Barstow or Escondido on vacation which you don't know about the kill switch isn't of much help. I would like to chat.
This would be more favorable with a newer vehicle though wouldn't it?I also see that you charged 0%interest .With a used or older vehicle even people who don't qualify at a traditional institution may know the value of a older vehicle
Very informative and helpful! Subscribed!
@@fuadali7061 happy having you here brother! Thank you!
This guy is legit. Thank you for your service!
@@armandorodriguez6175 appreciate kind words man!
Hi Red, Great video! I have a 40 ft luxury motorhome that I would like to sell using seller financing. Would you mind sharing an example of a seller financing contract? Thanks!
@@jrod6067 yeah ofc! DM me on my IG please and I’ll send it your way
I'd like the contract and like to know more on the both registered thing
@@chawraw1 DM me on IG please @redasthecolor and I’ll help you with the paperwork
Do they have to have full coverage or no?Also what kind of kill switch(brand)do you put on the car and do you have to disclose this to the buyer .And after final payment remove it?
@@nnrq822 it’s up to you to negotiate on what coverage they must have. As far as the kill switch goes - I install them at my local locksmith so I wouldn’t know the brand. And Again up to you to disclose that to the buyer
Thank you for sharing this info with us. Can I get the contract please.
Absolutely! DM me on my Instagram please @redasthecolor and I’ll send it your way
For the dual insurance and registration, how does that work? You actually have to go with the person do to these things or?
@@Glow0110 no need to do it in person. Just add the seller as additional person on your insurance policy. When registering - your seller is the lien holder and you are the registered owner. Please DM me on my IG @redasthecolor if you need help with paperwork
Hey Red I’m interested in getting a contract!
DM me on my IG bro!
How do you typically find someone that does seller financing in order to purchase a car from them..?
@@ItHappens473 great question! There are multiple ways to do it. Please join our CarLab community where we talk everything about cars including creative finance 👇
www.skool.com/carlab/about?fbclid=PAZXh0bgNhZW0CMTEAAaYSU3slPGkvLDkFF-X3whKeY1Imt9ECn-Y3jrQZN3iM2dd7SOgDekg8q_o_aem_y4ueVNBFoUXRYEdW06PYZA
Would if my name and the buyer name is on the insurance. Wouldn’t that after the person paying the insurance and as well mines if say they get in an accident?
@@mikegordon329 sorry I’m not understanding your question. Can you please clarify it again?
@@redasthecolor thanks for replying. In the video, you said that you and the buyer name goes on the insurance. By both names being on the insurance, that would make the insurance that they pay to be higher correct?
Number 6 step about me being on the insurance as well as the buyer.
@@mikegordon329 yes what about it?
@@redasthecolor I’m just wondering, that if I, the seller, was added to the insurance wouldn’t that make the insurance higher monthly for the buyer?
Where can we find this contract?
@@anthonymorgan3708 please DM me on Instagram @redasthecolor and I’ll send it your way
Here is a big problem with this format: With both seller and buyer on the title, the seller retains liability for the car. If the buyer crashes the car and is underinsured the victim can sue both parties, BIG red flag. Why would you not just put yourself as lien holder Insulating yourself from liability? I suspect you are trying to not get classified as a dealer in your state? I am in the car business but not a dealer and would like to do seller financing. Have you had to do repos? Do you put tracking devices on the car? A kill switch is nice but if they are in Yuma or Barstow or Escondido on vacation which you don't know about the kill switch isn't of much help. I would like to chat.
@@johnfaris5376 appreciate your input. We can chat about it all. DM me on my IG please @redasthecolor
Hey Red! Thank you for the great video! Can I get the contract, please?
Thank you:). Of course! DM me on my IG @redasthecolor and I’ll send it your way
Hello,
I’d love to know more and get a contract
Great! DM me on my Instagram @redasthecolor and I’ll send it your way :)
This would be more favorable with a newer vehicle though wouldn't it?I also see that you charged 0%interest .With a used or older vehicle even people who don't qualify at a traditional institution may know the value of a older vehicle
@@nnrq822 either way it could be a good deal. With 0% interest I was able to sell it for a lot more
Interested in contract
For sure! DM me on my IG @redasthecolor and I’ll send it to you
Can i get contract?
@@kg_gerrleon absolutely! Please DM me on IG @redasthecolor
Hey, can I have the contract, please?
Ofc! DM me on my IG @redasthecolor and I’ll send it your way :)
I would like to have contract please
@@yahreejames8526 please DM me on IG @redasthecolor
Hi bro, can I get contract please
@@artemii001 yeah of course! Reach out to me on my IG please @redasthecolor
Все очень интересно, хочу купить так машину для сына через креативное финансирование
@@ГеоргийГречушников-г3о please reach out to me on my IG @redasthecolor. I’ll help you with whatever I can
Contract
@@DearApolloZ DM me on my IG please and I will send it your way