I am trying to sell my car and was approached by "automotions concepts inc" -> they are located out of illinois. i cannot afford a lawyer to look at the sample contracts he provided but the sales agent seems to be honest. basically from what i understand, they are sub-leasers and the find clients, in my case, to take over my payments but i will get a balloon payment in the end for it. but i had requested that i need the money upfront and he was able to find a client that was able to meet my needs (an upfront payment). basically the agreement is that the client will make guaranteed payments for the car..... im the lessor. i guess they're just the 3rd party that the client pays a fee to for finding the car.
im just clueless and don't know if i should take this route. i need to sell my car.
2006-10-16 09:07:03 · 3 answers · asked by tooxswt 2 in Cars & Transportation ➔ Buying & Selling
I'd avoid that like the PLAGUE! That stinks like a turd in a frying pan!
If you can't afford a lawyer to review the contract, can you afford to NEVER see the car again while you don't get any payments and still have to make payments on it?? Didn't think so!
Of course the dude "seems to be honest." That's now scam artists work!
2006-10-16 09:15:52 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
That sounds too much like a scam and/or too much of a risk.
Just list your car on Swapalease.com and be done with it.
2006-10-16 09:19:49 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Stay away, far away, from this deal. It sounds like a scam to me.
2006-10-18 16:13:39 · answer #3 · answered by Anonymous · 0⤊ 0⤋