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.
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.
A buyer wants to purchase a vehicle sight unseen, and wants to give you a personal check for it. Accepting a personal, or company check, under any circumstances is a bad idea. If the check's bad, and the car's gone, you're out of luck.
A buyer may tell you he loves the car, but doesn't have quite enough cash to pay in full. If he asks to make installment payments, turn him down. Scammers make one payment and disappear. Another buyer might ask to test drive your vehicle. That's fine as long as you get a copy of his driver's license and insurance card before you let him drive off.
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.
Make the initial asking price a little more than you're willing to take for a vehicle. Most buyers will try to negotiate you down. Putting everything in writing in a simple contract, signed by both parties, is important. The as is condition of the vehicle must be included in the agreement.
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.
A buyer wants to purchase a vehicle sight unseen, and wants to give you a personal check for it. Accepting a personal, or company check, under any circumstances is a bad idea. If the check's bad, and the car's gone, you're out of luck.
A buyer may tell you he loves the car, but doesn't have quite enough cash to pay in full. If he asks to make installment payments, turn him down. Scammers make one payment and disappear. Another buyer might ask to test drive your vehicle. That's fine as long as you get a copy of his driver's license and insurance card before you let him drive off.
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.
Make the initial asking price a little more than you're willing to take for a vehicle. Most buyers will try to negotiate you down. Putting everything in writing in a simple contract, signed by both parties, is important. The as is condition of the vehicle must be included in the agreement.
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