How to Sell Used Autos
Looking to purchase that new car you’ve had your eye on but need to get rid of the old one? Selling a used car can be a painless and easy process when done right. The key is to be honest so that the prospective buyer knows exactly what they are getting. No matter what condition your used car is in, there is always someone out there willing to buy it.
- Find the car's Kelly Blue Book value before coming up with a random price. These books can be found in libraries and banks, or simply go online to kbb.com
- Check out the competition to compare the market value of the car. You can look in the classified section of your local newspaper or a local auto trader for cars to compare.
- Consider factors such as mileage, condition and repair that has been done on the car before coming up with a price to be fair to potential buyers,
- Wash, wax and clean the interior of the car so that it can look its absolute best when potential buyers come to look. Be sure to eliminate all of your personal items. Fix any minor problems with the car such as dirty upholstery, broken knobs and sticking windows,
- Obtain all repair and service information to give to the future buyer of the vehicle. Be sure that the registration is up to date and all other paperwork is in order.
- Advertise. Post signs where there is a lot of traffic. Post an ad in the classifieds of your local newspaper. Use the windows of the car as a marketing tool. Be sure to include a reasonable price in the ads.
- When a buyer shows interest, state the reason you are selling the car. Discuss the condition of the car and show paperwork then if necessary.
8. Accept cash, cashier’s check or a money order for payment once a unanimous price is reached. Do not accept personal checks.
9. Sign the car’s title certificate over to the buyer to transfer ownership. According to federal law, the seller must supply the buyer with a title certificate and an odometer statement which shows the car’s mileage.
10. Keep in mind that in many states the owner is required to contact the department of motor vehicles to inform them of the transfer of ownership. However, it is the responsibility of the buyer to change the registration.
11. Notify your insurance company of the sale and have them remove it from your policy.