Aside from family and friends, your car is your best buddy. It simply makes your life easier. You can go anywhere, at any time. For example, if we’re in the mood to travel, or visit a friend who lives far away, traveling becomes easier when you have a car to use.
Yet, there comes unfortunate times, especially when you are caught up in a bad financial situation, and your car decides to break down. Or, there are times when we need to sell our “buddy” because we found something better that will ease our lives even more. A car has unique value in people’s hearts, as it’s one of the most valuable and worthy possessions that could be sold for extra income. But how to do it? Here are a few things to consider before you do the actual selling process.
How You Intend to Sell Your Car?
In each buying/selling process, there should always be a way of sale. It would help if you decided how you prefer to sell your car. Through a car dealer, or do you intend on selling it to a private buyer? The choice is absolutely yours, but you must weigh the pros and cons before making a decision.
1. Selling your car to a dealer
Selling your precious friend parked outside in the front of your home to a car dealer comes with plenty of advantages. When selling your vehicle to a car dealer company, you basically can expect to get your cash the same day they purchase the car. Most car dealers will want nothing but business, so they will make sure that they can enable the buyer and the seller.
Also, the important advantage when selling your car to a dealer is that it saves you from the difficulty of finding the right buyer. And also, you’ll be freed of the hassle of transferring the car from your home to their location, since most car dealer companies provide free pickup services.
Finding a reliable car dealer may be easy if you visit reliable websites. Legit car dealer companies offer everything you need, including contact details, so you can contact them easier.
2. Selling your car to a private buyer
When choosing to sell your car privately, there are some options available. If it doesn’t sound appealing to you, move to the above information and look straight for a dealer company. Many people consider private selling in an effort to get the highest price for their vehicle. However, the process is often time-consuming and difficult compared to selling your car to a car dealership. Additionally, you don’t really have the warranty that you’ll find a reliable buyer easily. Even after hours and hours of hard work, you may still end up selling your car to a car dealership.
Nonetheless, if you’ve decided that’s better to sell your car privately, you might want to add some additional tips to ensure you sell your car safely.
Why should you sell your car privately? The main reason why you should choose to sell your car privately is that you get the best price for it. However, it’s not always guaranteed that you’ll get great money on it, so it’s worth getting an evaluation first. Also, if you want to make the process of selling a lot more reliable and effective, make sure the buyer agrees to complete a bill of sale. You wonder what a bill of sale is, or how to write effectively – here’s how.
A general bill of sale form is a document that handovers ownership of any property from you to a buyer. It’s like a legal document, only that you get the opportunity to prepare it easier. That said, you create a valid bill of sale through a simple form-filling tool, PDF Chef. Just what you need to operate your PDF files!
A bill of sale is right for common high-value things, like jewelry, furniture, books, artwork, expensive tools, and electronics. However, please remember that a bill of sale is not a sale contract. At first sight, it may seem it is, but it’s much different. However, a bill of sale is used during or after the trade of belongings and works as a receipt, so that the buyer can prove possession of the item bought.
So, for many vehicles, you may get a better price by selling them to a private buyer. If the car has been updated to appeal buyer’s interest, you may sell it for a premium price. Of course, the list of people interested in buying it would be smaller, but it’s a smart way to get extra income. Consider what makes your car stand out? There are plenty of vehicles on the market, so it makes sense to make yours stand out more, while maybe increasing its price.
A car that doesn’t show interest is unlikely to be bought easily. It’s likely to find many similar cars, therefore, the buyer has many options available. It’s a great strategy that could be used to their advantage when speaking to private sellers.
3. What Documents Do You Need?
When selling a car, you should have the MOT certificate, V5C, receipts for any maintenance carried out on the car, and other historical documents. It’s wise to not give any of the documentation, not even photocopies to the buyer before you agree on selling the car. Once the sale has been agreed upon, you should prepare the necessary documents and any additional paperwork to give to the buyer. Also, make sure you provide two bills of sale: one for you, and one for the buyer. It should include as much information as necessary, like the sale price, model of the car, registration plate, and the names of the parties involved in the selling process.
If selling a car privately is too much of a hassle for you, consider avoiding consuming your time, and booking an appointment at a car dealership.
