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Searching for a new vehicle is exciting, but first, you need to get rid of your old wheels.
It’s necessary to sell your vehicle right away. Every year you own it, its value decreases by at least 10%.
But is it possible to safely sell a car to someone other than a dealership? Absolutely, it is!
If you’re wondering how to sell a car, we have three tips for selling a car privately.
Tip #1: Screen Prospective Buyers
It is easy to put off selling your car. If you’re unsure if it’s the right time to sell your car, this article (https://www.cashautosalvage.com/when-to-sell-your-car/) can help.
Whether you’re using the internet or good old-fashioned outdoor advertising when selling a used car, take precautions. Screen prospective buyers that show interest.
There may be a lot of interest in your car, but it’s up to you to find the serious one. Schedule a phone or video call with the buyers. This will prove who actually intends on purchasing your vehicle and who is just browsing.
During the chat, ask a variety of questions. Find out why they are interested in your vehicle, inquire about finances, and ensure they have car insurance. The buyer should be asking you questions as well, which you need to answer honestly.
Tip #2: Conduct Safe Test Drives
How do I sell my old car? As safely as possible.
Once you have properly screened a prospective buyer, it is time to meet face-to-face. The person will want to inspect the vehicle and take it for a test drive before committing to the purchase.
But stranger danger is real. Therefore, meet during daylight hours, preferably in a public space. Parking lots or neighborhoods are ideal for safe test drives. Never have the person come to your home.
Do not meet with a prospective buyer alone. Bring at least one friend, although the more, the merrier.
Plan out the test drive route ahead of time. Stick with well-populated areas you are familiar with. The test drive can be as short as five to ten minutes unless the customer asks for an extension.
Finally, make sure the buyer has a valid US driver’s license with them at the time of the test drive.
Tip #3: Ensure a Legitimate Financial Transaction
Once you and your interested buyer agree on a price, complete the transaction safely. Cash is ideal, but apps like PayPal, Venmo, and CashApp are also reliable.
Do not accept a check unless you can cash it before handing over the keys to your vehicle.
The price should be agreed upon before the transfer of money. When the buyer comes to pick up the vehicle, you should already have received payment or be expecting the money when the buyer arrives.
Do not accompany the buyer to the bank or a loan office. The person should have his or her finances in order at the time of sale.
If the person comes up short with the cash, do not hand over the keys. Instead, tell him or her to leave a deposit. When they can make the full payment, they can have the car.
Tips for Selling a Car & More
From screening buyers to ensuring you get paid, it is critical to take your time when selling a car. By following these helpful tips for selling a car, you can safely get rid of your clunker.
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