Selling your Car

Some of you may consider buying a new car in 2008. There are a lot of wonderful models that are about to be rolled out in the coming year. But, prior to putting your attentions to them as you want to buy one, you might need to think of the best way to privately sell out your old car. Here are a few tips from startribune.com:
Clean and fix up your car before you sell it
“Take your vehicle to a car wash and spend a few bucks on a thorough washing and waxing. Vacuum the inside and maybe even consider an air freshener. Clean your trunk and glove box. Replace tires if you can afford it. Make your vehicle sparkle.”Maintain good maintenance records
“A powerful selling tool, as Carbuyingtips.com points out, is a neat notebook with all your maintenance records, especially oil changes. Every time your car is serviced, add the receipt to the notebook, you’ll never lose track. ‘When people see your notebook with maintenance records, it makes a good impression, and they’re more likely to buy from you.’”Determine your car’s value and run an ad
“Consider a budget of $75 to $150 to sell your car. As Carbuyingtips.com muses, “The world is not beating a path to your car so you have to beat a path to the world.” So, place an ad in your city’s daily newspaper and on a website.”Prepare to negotiate
“Be prepared before the first buyer shows up, Carbuyingtips.com advises. Know what your car is worth and how much you want to sell the car for. The buyer may complain, ‘about every scratch, mark, stain, on your car.’ That’s fine. Tell the buyer that this is normal wear and tear for a car of that age and mileage. That’s why you’re not asking the price of a new car.”Finally, be careful
“The GMADA’s Abraham has several points on safety issues relating to selling your car. First, require identification. Insist on seeing a valid driver’s license. Write down the information or make a copy if possible. In addition, maintain your privacy. Don’t give out your full name and address or divulge unnecessary information. Limit test drives. Make sure your potential buyer is identified and legitimate before allowing a test drive. Make sure payment is made. Verify all checks used for payment, including cashier’s checks. In fact, if possible, arrange to meet the buyer at the bank the check is drawn on and then cash the check before handing over ownership. Finally, file the paperwork promptly. Complete a bill of sale with all pertinent information, have both parties sign it, then immediately send a copy to the Department of Motor Vehicles and notify your insurance agent that you’ve sold the vehicle. This clears you of any future liability.”
Good luck!!!




