John K
Need info on the following:
How do I sell car for MAXIMUM price.
it's a 2005 chevy equinox.
Do I sell to car dealer?
to Individual Buyer?
When I sell it how do I transport myself from wherever I sold it?
Does someone come by and look at hte car, buy it, and then I give them the keys?
How does "transferring of car title and license plates adn all that confusing overwhelming complexity" work?
Would I have to notify the DMV or the fed that someone bought the car? Whom would I have to notify?
Answer
You will get the most money it yourself to a private buyer. Expect about $2,000 more than a dealer will give you on trade. Keep in mind that if you trade it in in most states you don't pay sales tax on the value of your trade in which will reduce how much of the $2,000 you actually put in your pocket. Use Edmunds.com to determine what a fair price would be. Advertise the car on a site such as autotrader.com or craigs list or the classified section of your local newspaper.
People will contact you to make arrangements to inspect it and drive it. I'd recommend you go along on the test drive. I'd plan on letting them drive it 15-30 minutes. Some may want to have a mechanic inspect it. If so, you bring it to their mechanic. It's just not a good idea to let someone drive your car without your supervision. If they have an accident you are the one who's liable. If they blow the engine trying to see it it will do 100 MPH it's your loss.
If they decide to buy accept only cash. If they want to give you a cashiers check meet them at their bank to get the check. These days it is very easy to counterfeit a cashiers check. The bank will credit your account with the fake check but a week or two later you will be notified that the check was a fake and the bank will demand you repay the money.
They ordinarily will take the car when they give you the money. At that time it's their car. If you live in a state where the tags do not stay with the car remove your tags. Arrange to have someone pick you up at the bank or ask them to drive you home.
You sign the title over to them which legally completes the transaction. It is a good idea to have two copies of a bill of sale one for them one for you. The bill of sale should have the parties names, the date, a description of the car including the VIN, the sale price and make sure it says "car is sold as is". Both parties sign it.
All states have a form for you to sign notifying them that you sold the car. It avoids them contacting you in the future either for tax purposes or if the car has a problem since they will come to you based on the VIN. In some states it's a legal requirement to send in the form but even if it isn't it's a good idea.
The links will give you additional information.
You will get the most money it yourself to a private buyer. Expect about $2,000 more than a dealer will give you on trade. Keep in mind that if you trade it in in most states you don't pay sales tax on the value of your trade in which will reduce how much of the $2,000 you actually put in your pocket. Use Edmunds.com to determine what a fair price would be. Advertise the car on a site such as autotrader.com or craigs list or the classified section of your local newspaper.
People will contact you to make arrangements to inspect it and drive it. I'd recommend you go along on the test drive. I'd plan on letting them drive it 15-30 minutes. Some may want to have a mechanic inspect it. If so, you bring it to their mechanic. It's just not a good idea to let someone drive your car without your supervision. If they have an accident you are the one who's liable. If they blow the engine trying to see it it will do 100 MPH it's your loss.
If they decide to buy accept only cash. If they want to give you a cashiers check meet them at their bank to get the check. These days it is very easy to counterfeit a cashiers check. The bank will credit your account with the fake check but a week or two later you will be notified that the check was a fake and the bank will demand you repay the money.
They ordinarily will take the car when they give you the money. At that time it's their car. If you live in a state where the tags do not stay with the car remove your tags. Arrange to have someone pick you up at the bank or ask them to drive you home.
You sign the title over to them which legally completes the transaction. It is a good idea to have two copies of a bill of sale one for them one for you. The bill of sale should have the parties names, the date, a description of the car including the VIN, the sale price and make sure it says "car is sold as is". Both parties sign it.
All states have a form for you to sign notifying them that you sold the car. It avoids them contacting you in the future either for tax purposes or if the car has a problem since they will come to you based on the VIN. In some states it's a legal requirement to send in the form but even if it isn't it's a good idea.
The links will give you additional information.
What would you want to know about a car?
Caia
I'm trying to sell my car on craigslist.
What are some important things to a potential buyer? What are some of the cars stats / info that you'd like to know before you buy?
Answer
Of course, year, make, model, mileage, color, and any options that weren't standard on the base vehicle. I'd also mention if the vehicle has recently had new brake, tires, or any other major maintenance done.
And if you happen to have all the vehicle's maintenance records, be sure to list that too and be willing to provide them (and a summary thereof) if asked. Of course, you should also list any damage that you would have expected to be told about if you were looking for a car, especially if it's something your state requires be disclosed prior to purchase like the vehicle had been previously salvaged, totaled, or any other meaningful fact.
Don't forget to mention a price and whether or not you'll accept "best offers". And even though selling a car more-of-less implies that the title is "free and clear", it's better to say so up-front just to not let any doubt exist.
I'd also provide the VIN (vehicle identification number) so potential buyers can check the vehicle's history by CarFax.
Best of luck! I hope this helps!
Of course, year, make, model, mileage, color, and any options that weren't standard on the base vehicle. I'd also mention if the vehicle has recently had new brake, tires, or any other major maintenance done.
And if you happen to have all the vehicle's maintenance records, be sure to list that too and be willing to provide them (and a summary thereof) if asked. Of course, you should also list any damage that you would have expected to be told about if you were looking for a car, especially if it's something your state requires be disclosed prior to purchase like the vehicle had been previously salvaged, totaled, or any other meaningful fact.
Don't forget to mention a price and whether or not you'll accept "best offers". And even though selling a car more-of-less implies that the title is "free and clear", it's better to say so up-front just to not let any doubt exist.
I'd also provide the VIN (vehicle identification number) so potential buyers can check the vehicle's history by CarFax.
Best of luck! I hope this helps!
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