Are you looking to sell your car, but are unsure as to whether to sell to a dealership or go the route of a private sale? Though the process is not as complex as you might think, there are some steps that need to be followed to ensure that the sale goes smoothly.
Before you list your car for sale, you need to get an idea of the vehicle value, needed repairs and preparation, where you will list the car and how quickly you want it to sell.
Since selling a car is a legal sales transaction, you will need a signed bill of sale. It must include the following:
Many people opt to sell their car “as is” – this means you are selling it in its current state, and once the vehicle is sold, the buyer assumes the responsibility for any issues encountered. If you choose to sell the car “as is,” be clear and up front about the state of the vehicle, and write the state of the vehicle “as is” in both the ad and on the bill of sale, once complete. Adjust your price expectations accordingly if you are selling “as is.”
Selling through a dealership is an appealing alternative to some because it is less time-consuming for the seller. Note that often, dealerships will offer a lower price than a private buyer might be willing to pay. Dealerships often offer a trade-in option if you are looking to purchase a new vehicle from them. Knowing your car’s value, brushing up on negotiating skills and getting offers from multiple dealers are a few ways you can get the most money out of your dealership sale.
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