Anyone ever thought of exchanging cars with others?

[Aukang]

Just wondering aloud whether such an idea will work and if it is legal in the first place. It will remove the 'in betweens' and hence any mark ups. Both parties agree to and sign a mutually binding agreement and go in with eyes open....

 

Say I have a large car and wants to downgrade to a small car, whereas another car owner wants to upgrade to a bigger car. Normal case would be trade in or sell car and then get the car of one's new choice. But of course going through dealers for new cars means high costs outlays where one may not or do not want to make. Second hand cars? One may still buy a lemon or meet unscrupulous second hand car dealers.

 

But if there are two willing parties, once their new car preferences meet, they can negotiate on price differential based on a mutually agreed terms such as a older/smaller car paying some cash delta for a newer/bigger car. Of course there will be many variables, such as make and model, age, number of owners, cc, condition, mileage etc, but so long both patties agree, would that be workable?

 

Each party can then agree for the other to send the prospective car to each's car workshop for pre exchange checks. The inspection results would be factored into the final sum to be paid by ome to the other.

 

Each also find his own loan (if required), and insurance. Each foot own transfer fees.

 

How? Can work? Or too complicated?

Edited June 15, 2014 by Aukang

[Benarsenal]

That's called selling direct mah.

[TJX]

That's called selling direct mah.

Bro, his idea more complicated.. Must find 2 person who have the car the other person wants... Color, size, make, then do an exchange and pay the difference... Think sell direct easier.. Life already complicated enough.. Why need to add this kind of complication.. Wait for durian to drop is easier lah..

[Caravan]

Transfer fee only $11, just direct sell/buy. Easier for insurance settlement & loan payment.

[Hamburger]

like that make oneself bo eng....

[Watwheels]

Gotto onemotoring website look under ownership transfer, follow the step by step instructions.

[The_Bear]

Cash became the preferred method of exchange because barter trade is tedious?

[weixiaowei2525]

I guess need a third party to handle the legal issues