Selling trailer?

[Horse_Rider]

Well, I was going to ask you guys your thoughts/opinions on putting a trailer into storage for an unknown time versus just outright selling it and buying again if the need/desire ever comes up, but in writing the post out, I think I convinced myself to sell.

So, how do you go about selling a trailer? Is it best to just take it to a dealer and sell it to them? If you decide to sell yourself, how in the world do you transfer a title? How do you actually come up with a price? How do you actually get your money/not get scammed, seeing as I don’t particularly want to accept thousands in cash?

Removed the “oh, woe is me” part because it was a bit much, Horse Rider.

[lenapesadie]

@Horse_Rider

So, how do you go about selling a trailer? Is it best to just take it to a dealer and sell it to them? If you decide to sell yourself, how in the world do you transfer a title? How do you actually come up with a price? How do you actually get your money/not get scammed, seeing as I don’t particularly want to accept thousands in cash?

1. FB Marketplace 2. No, the dealer will only give you peanuts 3. You and buyer sign a bill of sale, if you have a paper title you sign it over on back and include it with bill of sale. Buyer does the rest. States may vary a bit but this will be the gist of it. 4. Cash is the best. Not sure why you don’t like cash, but no biggie. Ask for a certified cashiers check. A PayPal invoice is easy peasy but you’ll have some fees associated with that. Sub 5k, I’d expect most buyers to be paying cash though.

[Horse_Rider]

I guess my fear with cash is that:

a/ if I was the buyer, carrying around $5K in my pocket, I’d sure feel like I was a sitting duck for a robbery (and my trailer should be worth more than that.)
b/ if I’m the seller, how do I verify all that cash isn’t counterfeit or partially counterfeit? Seems like a fantastic way to launder money through a rube.

For those who might come find this post after me, it looks like my state (Maryland) had an online Bill of Sales through the DMV that you can fill out, so one less thing to deal with.

[StormyDay]

Advertise on Facebook marketplace or the hundreds of local Facebook groups that sell trailers or promote local equestrian stuff. For some reason the used horse trailer market recently became really hot so you shouldn’t need a dealer to sell it unless you are asking over 10k for it, because then a lot of people would need a loan.

Cash is best. Can’t be scammed with cash. Certified check is second best.

[Puddin_Pie]

I had a Zelle deposit and a wire transfer for the sale of my bumper pull trailer at 6200.00. In NCI signed the back of the title to the new owner and had my signature notarized. I made a bill of sale, we both signed it. I took pictures for a copy, handed them the door keys, they hooked up and we were done. I turned in my tag.

[cutter99]

Try advertising on HorseTrailerWorld.com. The market is good right now because it is spring and there seems to be a limited number of new trailers.

Use as many pictures as you possibly can, and make sure the trailer is immaculately cleaned out.

[lenapesadie]

@Horse_Rider

b/ if I’m the seller, how do I verify all that cash isn’t counterfeit or partially counterfeit

A counterfeit marker to check bills! Easy peasy

[Highflyer1]

As a buyer I definitely hate cash and would prefer to do PayPal or something similar (Zelle/Venmo) or a bank check.

[cocopuff]

Please do not rely on counterfeit markers to determine if currency is valid. Actual currency is “washed” and then printed over with the fake denomination. It does change the feel of the bill but if you don’t handle cash all that much it might go unnoticed. You would be safer using an alternate method of payment.

[Horse_Rider]

So, based on my estimate of my trailer’s worth, I would be counting and counterfeit checking approximately 400 bills. No thanks. Then I drive straight to my bank, I guess? Because there’s no way I’m carrying around $8K in easily stolen denominations. Nah, I’m good. PayPal or Venmo sound much easier/safer to me.

[Mango20]

I sold my MD trailer on craigslist, wrote up my own bill of sale, signed the title, and that was that. It’s up to the buyer to deal with the MVA, and in my case, the inspection. You can choose to get your trailer inspected and sell it as already having been inspected, or sell it as is.

[lenapesadie]

You certainly don’t have to accept cash. When I was in consumer lending, many of my clients that brokered private sales of autos would meet at the bank parking lot. That might be an option for you as well. That way a cashiers check could be drawn up on site (or cash deposited) and the bank likely has a notary on staff if a notarized bill of sale is desired.

To be sure most folks are gonna have Benjamins, so closer to 80 bills. But if you’re uncomfortable carrying cash it is a moot point.

[cattywampus]

[LilRanger]

Someone already took what I said, so good luck selling, it’s a good time to do it.

[Horse_Rider]

Anyone got a Bill of Sale they like? I’m planning to just grab one off the internet. The state provides one for if your vehicle meets certain criteria - mine does not - but it’s got an area asking for a notary, etc. and it seems a bit excessive to have all those moving parts when I have no plans to notarize it.