Re: Selling a car
Posted by Me on 6/20/2017, 8:34 am, in reply to "Selling a car"
I fix and sell cars on the side, because you know how much teaching band pays… |
Look on craigslist for car similar to years and compare the condition in order to decide what your car is actually worth. Keep in mind that most people ask for well above what they actually want to get for their vehicle. If you know what you want already make sure to let the potential buyer know that your price is firm, not negotiable. I always have better luck overpricing my car is a little bit, and stating that price is negotiable.
There is one form that you need to sell your car. The TX DMV website has a 130 – U form. This is a transfer of title form. You will need this along with the original title, you need to sign the title on the front and the back as well as print your name. Be sure to sign the form as well and sign at exactly the same as your name is printed on the title. If your name is Donald J Trump, then sign it as Donald J Trump not Donald Trump.
If you sign it incorrectly, then the buyer will not be able to transfer the title into their name. Ask me how I know.
TX DMV website also has a generic bill of sale form. It has two identical sections one for you to keep and one for the buyer, this is a good way for you to get their information so that you know who you were selling a vehicle to.
Once you have completed the transaction, you need to go onto the TX DMV website and fill out a notice of title transfer, this can be done electronically. It will remove all liability from you if they go and commit a crime in the car that you just sold them. You should also keep your plates and registration sticker. This gives the buyer incentive to register their car and transfer the title immediately. Although they do have 72 hours without penalty, if they are scared of being pulled over and ticketed for not being registered.
Actually selling the car:
Advertising your car on craigslist is great, but you will get a lot of people wasting your time through text messages and some potential scammers, never agree to ship the car. Cash is king only except cash in person. I have had great luck selling my cars on craigslist
I don't see how you could ever sell a car without allowing them a test drive, you can say test drives are OK as long as they show their drivers license, and you have cash in hand.
When you are doing the actual transaction, meet at a bank or credit union. There are cameras all over the place. This is also a good idea because you can deposit the cash immediately.
I have sold dozens of cars with this method and have never had a problem, I have had people fly in from out of state in order to buy some of the classic cars that I have restored. Most people looking for a car or not trying to pull a fast one on you, they just want a decent car without paying dealership prices.
Oh yeah, wash the living hell out of your vehicle and vacuum it as good as possible. Most smart phones have an HDR setting for taking really nice pictures. Take at least a dozen pictures of your vehicle inside and out from as many angles as possible. Remember, you're trying to sell something for probably thousands of dollars. You should put these in your ad, as well as be willing to take any other pictures that are requested. If you have service records available for your car, make sure to state that in the ad and show them in person.
: I've never been in a situation where I needed
: to sell a car. I've always used my current
: car as a trade-in. I am the sole owner and
: the car is paid in full. Any suggestions on
: how I should go about this?