Selling your vehicle can be time consuming. It can also be dangerous unless you are very careful. If you're trading the auto in for a newer model, the details of any transaction will be the primary responsibility of the dealer. If you've decided to sell your car for cash, all the responsibility will be on your shoulders.
Unless you live in a tiny community, where everybody knows everybody else, it's a good bet that some of the people interested in your ad about the vehicle will be strangers to you. When this is the case, you have to be very careful and take measures to ensure everyone's safety. Don't be caught alone with people you don't know.
If you are going to allow a potential buyer to test drive the auto, be sure to get a copy of his driver's license. You will need a bill of sale handy with all the blank spaces filled in. Be sure that the information about selling the vehicle as is has been included.
Don't get talked into taking a personal check unless you keep the title in your possession until that check clears the bank. Cashier's checks can also be risky. People can forge those just like they do with personal checks. Accepting cash only is the surest way to know you're getting paid. Taking a significant sum of money can be risky too though. If someone robs you, or you lose the money, you don't have any recourse.
You can meet up with the individual buying the car at his bank in order to finalize the transaction. In the bank accepting a personal check is fine because you can turn around and request a cashier's check made out to yourself. You can deposit that check into your account and have available funds in a couple of days. You need to pay for the fee the bank charges for the cashier's check.
You might ask the buyer to meet you, at the bank where you have an account, with the money in hand. You can deposit the cash directly into this account and handle all the paperwork at that time. It is a good idea to ask a bank manager if there is a private place, out of public eyes, where this transaction can take place. Most will accommodate you with a desk in an out of the way corner of the bank or let you use a conference room temporarily.
Both of these options can be inconvenient for you as the seller, and the buyer, because the transaction has to take place during regular business hours. You can overcome this obstacle by opening a small account at a bank branch in a local supermarket or big box store. These branches usually have extended hours, and are good options because they're in public places and have security cameras.
An online escrow service can work if you are dealing with someone who lives out of town. The escrow service takes the payment, holds it until it clears, and disperses the funds. You get the money when the buyer gets the car.
Unless you live in a tiny community, where everybody knows everybody else, it's a good bet that some of the people interested in your ad about the vehicle will be strangers to you. When this is the case, you have to be very careful and take measures to ensure everyone's safety. Don't be caught alone with people you don't know.
If you are going to allow a potential buyer to test drive the auto, be sure to get a copy of his driver's license. You will need a bill of sale handy with all the blank spaces filled in. Be sure that the information about selling the vehicle as is has been included.
Don't get talked into taking a personal check unless you keep the title in your possession until that check clears the bank. Cashier's checks can also be risky. People can forge those just like they do with personal checks. Accepting cash only is the surest way to know you're getting paid. Taking a significant sum of money can be risky too though. If someone robs you, or you lose the money, you don't have any recourse.
You can meet up with the individual buying the car at his bank in order to finalize the transaction. In the bank accepting a personal check is fine because you can turn around and request a cashier's check made out to yourself. You can deposit that check into your account and have available funds in a couple of days. You need to pay for the fee the bank charges for the cashier's check.
You might ask the buyer to meet you, at the bank where you have an account, with the money in hand. You can deposit the cash directly into this account and handle all the paperwork at that time. It is a good idea to ask a bank manager if there is a private place, out of public eyes, where this transaction can take place. Most will accommodate you with a desk in an out of the way corner of the bank or let you use a conference room temporarily.
Both of these options can be inconvenient for you as the seller, and the buyer, because the transaction has to take place during regular business hours. You can overcome this obstacle by opening a small account at a bank branch in a local supermarket or big box store. These branches usually have extended hours, and are good options because they're in public places and have security cameras.
An online escrow service can work if you are dealing with someone who lives out of town. The escrow service takes the payment, holds it until it clears, and disperses the funds. You get the money when the buyer gets the car.
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