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Old 02-06-2007, 08:57 PM
Pat88998899
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Warranty on a used car with 180k miles?


What is the name of your state? Massachusetts


I have an ad in the Want Ad for a 92 Cadillac Eldorado, which has 180k miles on it, fair to good condition, book value about $2200, for $1500 or BO. Everyone that calls tries to talk me way down because of the high mileage. The last person I spoke to said that if I sell it for under $700, a buyer cannot return the car even if it won't get a sticker within 7 days.
I looked up the law and believe it to read that if a car has 125k miles or more (no matter how much you sell it for) OR if you sell it for less than $700, the buyer cannot return the car to you, even if they cannot get a sticker.

Am I interpreting the law correctly?
  #2  
Old 02-06-2007, 09:06 PM
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Quote:
Originally Posted by Pat88998899 View Post
What is the name of your state? Massachusetts


I have an ad in the Want Ad for a 92 Cadillac Eldorado, which has 180k miles on it, fair to good condition, book value about $2200, for $1500 or BO. Everyone that calls tries to talk me way down because of the high mileage. The last person I spoke to said that if I sell it for under $700, a buyer cannot return the car even if it won't get a sticker within 7 days.
I looked up the law and believe it to read that if a car has 125k miles or more (no matter how much you sell it for) OR if you sell it for less than $700, the buyer cannot return the car to you, even if they cannot get a sticker.

Am I interpreting the law correctly?
Sell the car "As Is" and include that on the bill of sale along with the purchaser being responsible for registration and insurance upon taking delivery.
  #3  
Old 02-06-2007, 11:04 PM
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And, change your asking price to $2,200 so the $1,500 seems like a deal to the potential buyers
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