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.
Don't be fooled by scammers. If you've determined what your junker is really worth, you won't be as likely to fall for scams, but you need to keep your guard up anyway. There are certain signs that are red flags indicating you may be dealing with a scammer.
You might be contacted by someone offering to purchase your junker sight unseen, if he can write you a personal check. You should not accept personal checks from anybody. If the check is denied at the bank, and the buyer has the car, you are out of luck.
You might get a buyer who loves the vehicle but says he is a little short on cash and wants to make payments. Don't do it. A scammer won't make more than the first payment. Somebody might come by and want to take the auto for a test drive. If you feel comfortable, that's fine, but be sure to make a copy of the buyer's driver's license and insurance card first.
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.
Don't be fooled by scammers. If you've determined what your junker is really worth, you won't be as likely to fall for scams, but you need to keep your guard up anyway. There are certain signs that are red flags indicating you may be dealing with a scammer.
You might be contacted by someone offering to purchase your junker sight unseen, if he can write you a personal check. You should not accept personal checks from anybody. If the check is denied at the bank, and the buyer has the car, you are out of luck.
You might get a buyer who loves the vehicle but says he is a little short on cash and wants to make payments. Don't do it. A scammer won't make more than the first payment. Somebody might come by and want to take the auto for a test drive. If you feel comfortable, that's fine, but be sure to make a copy of the buyer's driver's license and insurance card first.
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.
About the Author:
If you are searching for information about money for my car, come to our web pages online today. More details are available at http://www.bestpricecashforcars.com/reviews now.
No comments:
Post a Comment