Help With Selling #1 Car at Auction - Mecum Indy?

[Dicky]

Sam, urr phunne!! [img]<<GRAEMLIN_URL>>/haha.gif[/img]

DH [img]<<GRAEMLIN_URL>>/flag.gif[/img]

[bulletpruf]

Follow-up question - what if you owe a few $$$ on the car? Bank has the title. Sounds like I need to pay it off, right? If that's required, shouldn't be a problem. Just need to move some $. Just thought that there might be an easier way to do it.

Thanks,

Scott

[Stefano]

Contact your consignment agent at Mecum.

Of course your plan is the easiest, pay off the loan and have free and clear title to the vehicle at the auction.

Your bank will provide you with a payoff letter. This will state who gets paid for a lien release as well as the principal balance due at a given date. It should also include a per diem amount which is due until the note is paid off.

Once the note and lien are settled, the auction will release the balance of funds to you.

The auction may announce T/A or title absent when your car crosses the block if the bank doesn't release the title in advance.

[njsteve]

Pay it off. It's a lot easier. You need to have the title in hand to sign over once it sells. That is one of the documents that the Mecum office takes when you bring the car in for the auction. You don't actually sign it over until after it sells on the block, then you proceed to the office and sign your paperwork and get your check shortly thereafter.

Didn't they already request a copy of the title when you signed up for the auction spot?

The guy that bought my car was a well known collector so he had some type of line of credit so I got the check within a half hour of the auction time. If the buyer is buying several cars and waits til Sunday to settle his total account, you might have to wait for Mecum to mail you the check.

[bulletpruf]

Thanks for the input, fellas.

Ad is up on Mecum's site now. They must have cut and pasted from another car because some of the data is incorrect. Should be corrected soon. Pictures look very nice.

Scott

[bulletpruf]

Fellas -

A few updates -

Car will have a full feature in the August Muscle Car Review. That's the next issue, but I don't think it will be out before the auction. Can anyone tell me when they usually receive their MCR in the mail? Any ideas on how to get the issue early? Would love to have this displayed with the car.

Car will be dropped off at Mecum on Monday. It will certainly be clean, ready to go. Will have PHS and info sheet on the dash board - phone numbers, part numbers, etc. Will have the actual awards as well - MCACN and GTOAA Nationals Best Concours Restored.

I can't get there until Thursday, but I'll be in the states on Monday, so anyone with questions will be able to get me via cell phone.

Scheduled to be auctioned on Friday, but waiting for Mecum to tell me what time. Believe it will be afternoon or early evening.

Mecum ad looks pretty good; details all correct, pictures look great.

http://www.mecum.com/auctions/lot_detail...mp;startRow=141

Am I missing anything?

Scott

[njsteve]

I wish I was going, I'd be happy to babysit the car for you. Maybe one of the other guys out there can hang with the car and act as a &quot;question broker&quot; and forward questions to you by email. I did that for a buddy last year who had a SD Trans Am. He was so busy getting his other cars ready that he couldn't be at the auction til late.

Anyone out there going?

[bulletpruf]

Leaving tomorrow, but spending a few days with in-laws before we head to Indy. 13 hour flight from Seoul to Detroit with mama and 13 month-old Abigail. She's teething and loves to hear herself scream. I pity whoever is sitting next to us...

[Ryan1969Chevelle]

LIKE

[bulletpruf]

Easy flight from Korea.

Car is at Mecum.

Auction time is 5:20 pm Friday.

Thanks

Scott