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Thread: Tips on selling a car please

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    Regular Member PeterVV's Avatar
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    Default Tips on selling a car please

    May sound as though I a abit thick, but never sold a car before, now that my job has dissapeared I am selling my old Corsa, I have placed an ad on Autotrader, now what to doif someone agrees to buy it.
    1. Do I take a cheque and wait for it to clear before giving keys, or demand cash?
    2. What do I do with the registration documents?

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    Regular Member Matty777's Avatar
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    Ask for a Bankers Draft is another possibilty. Imagine you sell car, fill in the documents he drives off and his mate robs you! If you take cash, take a friend.

    Don't agree to meet in a shady car park.

    Make sure you follow EXACLTY the instructions on the V5. otherwise you could end up with all the fines and parking tickets!!

    just some for starters

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    Regular Member ptrehearn152's Avatar
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    never release the car until you have the money in your pocket, you can accept a cheque but make sure it's cleared before letting the car go whatever happens, if they pay by bank transfer again make sure you have the funds in your account first even if it's someone you know, once the cars gone it can be too late to argue, better to be safe than sorry. when you have the money fill out the green part of the reg document and give them the green tear off slip and you send the big bit off to dvla. may sound picky but i always fill in the mileage to help prevent mileage fraud.
    good look with the sale.

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    Regular Member Tadpole's Avatar
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    Should you think about selling on ebay take a look at this technique Link hth ……………………….

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    take cash only unless you are an expert with bankers cheques and can tell a forgery - the banks often cant - it can be a few days until they reverse them. Most buyers are genuine, if someone rings you then travells to view and brings a mate to drive their car back if they buy hold out for your asking price. Works for me.

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    Full Member Leemarksmith's Avatar
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    Vehicle : Vectra

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    Engine : Z19DTH (Re-mapped)

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    Some of the responses

    Just to be on the safe side you should meet in a secure location (no cops) they can bring the breifcase full off money over (no wires), then once your safley away you make the call for an associate to bring around the car (just in case)... lol

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    Regular Member gtr1000's Avatar
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    Engine : 140 Ecoflex S/S

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    If a punter wants a test drive, obviously go with them but check that they've got enough insurance of their own to cover every eventuality.

    Just an example - the punter isn't used to your car and has a shunt or who's to say another car doesn't smack yours in some way. Could be expensive .

    Sorry to be the grim reaper but this is the way I'd look at any test drive if I was selling. Trust no one .

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    Make sure you go with the buyer on the test drive, and don't like the buyer take over, it's your car don't let them be too pushy.

    Frenchman

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    Regular Member m8internet's Avatar
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    It really depends on how much of a hurry you are to sell the car

    ALWAYS advertise the car at more than you expect to receive or will accept
    Be honest with the valuation, even slight wear and tear, stonechips, etc., will drop it from good to poor quality
    So if the car is valued at £4000, advertise at £4400, but be prepared to be given a first offer of £3500, and so on...

    If the car has less than 6 months road tax and MoT than also can drop between £100 and £250 off the value, especially on cars of 5 years and over

    If the car has had new parts (and we're not talking repairs here), such as brakes, exhaust, and a service, then emphasise it as that is something the new owner then doesn't need to worry about

    If they are planning on a test drive, request that they bring their driving licence and certificate of insurance, and phone their insuurance just to make sure they have added your car to their policy, or that they have a suitable one day policy
    Alternatively you can add them as a named driver on your policy (at their cost)

    So let's say you've agreed on £3750 but the new owner wants to drive it away
    If they have a bankers draft, then ask if they are willing to wait while you take it to your bank
    If they have a cheque, then advise them that you will contact them when the cheque clears (although some banks offer a quick processing service for a small fee)
    Also cash, ask them to wait while you deposit the cash at your bank

    Finally, make sure you get the buyers FULL name and address
    Although you complete the V5 to confirm change of registered keeper, you will want to avoid someone that doesn't complete the V5 after they take ownership!
    Details are on the V5 for change of registered keeper, the new owner gets the small tear off slip

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