If you have a car that either doesn't run at all any more or is spending most of its time, and your hard earned cash, at the repair shop, it might be time to let it go. Even if you don't think trading it in is an option, there are still ways to get something out of it. There can be pitfalls when selling a junk vehicle. I got decent money for my car recently, but only after I took some good advice.
Never lie about the condition of your vehicle to a potential buyer. There are things called Lemon Laws in every state. Lemon Laws are on the books to protect buyers from sellers who claim the vehicle they are selling is in better condition than it is. If a vehicle has a safety defect, and you don't make the buyer aware of it, you can be held liable for fines, penalties and court costs if the buyer decides to sue. You want to be completely truthful when you are selling to stay out of trouble.
You have to know the worth of the junker you are selling before you start advertising it. You can get comparable sales close to you by going online and inputting the specific information about your vehicle. You can also get free values from automobile books online. In addition to the price, you can find out the cost of parts that you know will be needed to repair the vehicle. That number should be subtracted from the gross sales price.
Beware of scammers. Once you know the true value of the auto you're selling, you're less likely to fall for a scam, but that doesn't mean you won't be contacted by bogus individuals. There are some signs that a buyer isn't for real.
Someone may contact you wanting to buy your vehicle without even looking at it if you will take a personal check. Accepting personal checks, for any reason, should be avoided. If the person writes a bad check and takes the car, you'll be left with nothing.
Someone might tell you he really loves your vehicle, and wants to buy, but is doesn't have quite enough cash to pay in full. If he tries to talk you into letting him make installment payments, turn him down. Scammers will make the initial payment and disappear. Potential buyers often ask to test drive the vehicle. If you are comfortable, you can let them do it, it after you've made a copy of a driver's license.
Sell your vehicle as is. This means you aren't giving the buyer any warranties or guarantees about the vehicle and its condition. You have to be completely honest about the state of the car however.
It's a good idea to ask for a little more than you expect to get when you do this, because buyers like to negotiate. You also want to put everything into a simple contract agreement signed by you and the buyer and outlining the as is condition of the vehicle you are selling.
Never lie about the condition of your vehicle to a potential buyer. There are things called Lemon Laws in every state. Lemon Laws are on the books to protect buyers from sellers who claim the vehicle they are selling is in better condition than it is. If a vehicle has a safety defect, and you don't make the buyer aware of it, you can be held liable for fines, penalties and court costs if the buyer decides to sue. You want to be completely truthful when you are selling to stay out of trouble.
You have to know the worth of the junker you are selling before you start advertising it. You can get comparable sales close to you by going online and inputting the specific information about your vehicle. You can also get free values from automobile books online. In addition to the price, you can find out the cost of parts that you know will be needed to repair the vehicle. That number should be subtracted from the gross sales price.
Beware of scammers. Once you know the true value of the auto you're selling, you're less likely to fall for a scam, but that doesn't mean you won't be contacted by bogus individuals. There are some signs that a buyer isn't for real.
Someone may contact you wanting to buy your vehicle without even looking at it if you will take a personal check. Accepting personal checks, for any reason, should be avoided. If the person writes a bad check and takes the car, you'll be left with nothing.
Someone might tell you he really loves your vehicle, and wants to buy, but is doesn't have quite enough cash to pay in full. If he tries to talk you into letting him make installment payments, turn him down. Scammers will make the initial payment and disappear. Potential buyers often ask to test drive the vehicle. If you are comfortable, you can let them do it, it after you've made a copy of a driver's license.
Sell your vehicle as is. This means you aren't giving the buyer any warranties or guarantees about the vehicle and its condition. You have to be completely honest about the state of the car however.
It's a good idea to ask for a little more than you expect to get when you do this, because buyers like to negotiate. You also want to put everything into a simple contract agreement signed by you and the buyer and outlining the as is condition of the vehicle you are selling.
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