Friday, September 28, 2007

3 Places not to go when you sell a car

By: Paige Filler


Car dealerships


Mainly because of their industry, car salesmen have a bad reputation in general. Sure, there are some car salesmen out there who are great people, contribute to charity, good with children, but bottom line; they still sell cars for a living. Point being, if someone wants to sell a car and they go to a dealership they will have to interact with a salesman whose one goal is to sell them a car. They don't care that you want to sell a car, all they care about is the new vehicle they want you to buy.

Particularly this coming year of 2007, it has been predicted that used car sales will rise as new car sales decline. This means that those car salesmen at dealerships will be chasing their customers with added desperation trying to defeat those projections. Do yourself a favor when you want to sell a car and avoid the headache and potential purchase that comes along with a dealership.

The local newspaper

While it may seem simple to place an ad in your local rag and deal with individual buyers yourself, beware of the many issues that may arise from this avenue. To begin with you are forced to reveal your contact information, which lets face it, in this day and age can be a bad idea. Not to mention that you are forced to meet with strangers (always do it in a crowded public place), and allow them to test drive your vehicle. This poses a liability problem to your insurance carrier, and could be a personal liability for obvious reasons.

In addition to close contact with strangers, there is also the issue of haggling, selling and convincing reluctant potential buyers, not to mention people who aren't serious about buying wasting your time. Another serious issue is payment fraud. Selling a big ticket item isn't something to be taken lightly and almost any type of payment you take can be fraudulent. If you must sell a car yourself be sure to only accept cashiers checks made out to you, and as an added step you should meet the buyer at the bank the check is drawn off of and never turn over the keys until you have negotiated the check and have cash (or another cashiers check you purchased) in your hand.

A high visibility parking lot

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