How do I protect myself in a car trade deal?
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How do I protect myself in a car trade deal?
I want to trade my hot rod for one in AZ. The classic car dealership wants me to complete paperwork they sent and sign my title and send to them. How do I protect myself in this deal? Is there some sort of document that I can have them sign assuring me that I will receive the other car?
Asked on June 4, 2011 under Business Law, Connecticut
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Ok, sign nothing unless you take the paperwork to an attorney to review. Guidance can be very difficult without reading the documents involved but you are absolutely correct that unless there is a document that specifies the car that you re to receive you will be out of luck. These long distance transactions can really be too good to be true sometimes and you have to be very careful. You should also check out the dealership to see if there are any reviews - good and bad - about their dealings andcheck with the state of Arizona's attorney general's office about complaints filed. The internet can be a very useful tool. Good luck.
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