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.
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.
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.
The best way to sell a junker is as is. That means you don't guarantee or warranty anything when it comes to the vehicle or its condition. It doesn't mean that you can lie about the condition of the car though.
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.
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.
The best way to sell a junker is as is. That means you don't guarantee or warranty anything when it comes to the vehicle or its condition. It doesn't mean that you can lie about the condition of the car though.
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.
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