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 by Aukang, 16 June 2014 - 12:03 AM.