If you've got an old car that is barely running, or not running at all, you have probably been spending a lot of time, and money, at the mechanic's. The wisest idea may be to cut your losses and get rid of it. A junker will not interest a dealer as a trade in, but you can still get something out of it. I got money for my car recently by taking the advice of more experienced sellers.
Don't tell buyers lies about the condition of your old vehicle. There are Lemon Laws in all the states. Lemon Laws were enacted to give buyers recourse against sellers claiming the cars they have for sale are in better condition than they are. If you know your car has a safety defect, and you neglect to pass that information along to the buyer, you will be found liable and have to pay penalties, fines, and court costs if a suit is brought.
Before you advertise your junk auto for sale, you have to find out what it's worth. You can go online and put in the information about your vehicle to get comparable sales in your area. You can also go to one of the reputable automobile valuation books where you can get accurate values for free. You can also use these books to get the cost of any repair parts you know the vehicle needs and subtract that number from the sale price.
Watch out for scammers. If you know how much the vehicle is worth, you won't be as vulnerable to scammers, but you can't assume you won't be tested. There are signs to beware of that indicate someone is setting up a scam.
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.
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.
Bump the sale price up a little above what you really want for the vehicle. You should anticipate that buyers will try and negotiate the price with you. Have a simple contract ready for you and the buyer to sign that outlines your agreement, including the as is status of the junker.
Don't tell buyers lies about the condition of your old vehicle. There are Lemon Laws in all the states. Lemon Laws were enacted to give buyers recourse against sellers claiming the cars they have for sale are in better condition than they are. If you know your car has a safety defect, and you neglect to pass that information along to the buyer, you will be found liable and have to pay penalties, fines, and court costs if a suit is brought.
Before you advertise your junk auto for sale, you have to find out what it's worth. You can go online and put in the information about your vehicle to get comparable sales in your area. You can also go to one of the reputable automobile valuation books where you can get accurate values for free. You can also use these books to get the cost of any repair parts you know the vehicle needs and subtract that number from the sale price.
Watch out for scammers. If you know how much the vehicle is worth, you won't be as vulnerable to scammers, but you can't assume you won't be tested. There are signs to beware of that indicate someone is setting up a scam.
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.
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.
Bump the sale price up a little above what you really want for the vehicle. You should anticipate that buyers will try and negotiate the price with you. Have a simple contract ready for you and the buyer to sign that outlines your agreement, including the as is status of the junker.
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.
0 comments:
Post a Comment