Anyone sell their vehicle themself?

sap1227

DIS Veteran
Joined
Nov 6, 2002
Messages
1,485
We are thinking about selling DH's car ourselves. No payments or insurance for a few months would really pay off our CC.
Does anyone have any tips on the best way to do this? FYI, the vehicle is a 1998 Acura Integra with only 45K miles on it.

Thanks for any help!
Christy
 
Yes we have sold many cars on our own.. can't remember ever trading one in to be honest. I have only done it with cars we for which we have had a clear title. I am not sure how you would do it if you are still making payments on the car.

1-check the blue book value and be honest with yourself.. is it REALLY in excellent condition?? Then decide on what the least amount of money you would be willing to take for the car. Set the price accordingly.

2-Clean the car so that it sparkles!! and I mean every inch of the vehicle. If new mats are needed.. buy some, if there are tears in the seat coverings.. buy some NICE covers and put them on....
3-.. Take it for an oil change and lube.. make sure that your car has no leaks or puddles underneath it from oil leaks/gather your maintainance reciepts for the car.. some people like to see them.
4-Get the DMV papers together and ready to sign , TITLE AND REGISTRATION
5- Put an EASY to read sign in the car window.. with PRICE and PHONE NUMBERS
6-Place an ad in the used car section of your local paper
7- The waiting game begins..
8. AS SOON AS CAR IS SOLD INFORM YOUR INSURANCE COMPANY THAT YOU NO LONGER OWN THE CAR!!! VERY IMPORTANT!!!

I like my dh to be around when showing the vehicle.. never drive the car to meet someone, they can come to you. Never let them drive it alone.
Accept only CASH for the car. Make sure you see the person's license with address etc so you can make sure the DMV papers are correct. Make a copy for yourself and get a receipt for the sale of the car.. signed by both parties.
I hope this helps! Best of luck!
Joan
 
Accept only CASH for the car. Make sure you see the person's license with address etc so you can make sure the DMV papers are correct. Make a copy for yourself and get a receipt for the sale of the car.. signed by both parties.

VERY IMPORTANT STUFF! Or better yet, go to the DMV with the buyer and transfer the title in person.

We sold one car and the buyer just gave us a bad feeling, he kept trying to talk down the price, or talk us into a trade (he has a few cars for sale) was a real "wheeler dealer" type, but he wife really wanted our car and we didn't budge. He showed up with a check, and we refused it... took him four days to come back with cash (we almost sold it to someone else cuz he didn't return our calls) so we drew up purchase agreements and recorded his Driver's License number and info, signed them, etc. - he was in "too much of a hurry" to go to the DMV with us (big warning flag, it's only 5 minutes away) so we let it go, were just glad to be done with it. Sure enough, 8 months later we got a notice our license tabs were due, the guy had never transferred the title. Luckily we had all the info on the purchase agreement/receipt we had him sign and we had to file some additional paperwork with the State to transfer the title. (We tried to call the guy but never returned our calls - unfortunately for him he then owed a penalty of several hundred dollars for not filing the transfer within the allotted time) luckily there were no accidents or tickets during those 8 months or it could have gotten very complicated.

In our State, the buyer has to pay full sales tax when they transfer the title so often they prefer not to go with the seller as they report a lower purchase price than what they actually paid, but living so close to a DMV office we pretty much insist on it after that hassle.

Oh, and we've tried newspaper and online ad's, but we've had the best luck having the car professionally detailed/cleaned, and parking it on a relatively busy street with a "For-sale" sign in the window during the day.
 
One other note, here you say you still have payments on your car. If you still have a loan on the car, it will make it very difficult to sell it on your own. If you hold clean title, you just sign it over and take your money, if you don't it's a completely different issue. You'll either have to pay off the loan on the car prior to selling it so you will have clean title, or have to go through the financing company to sell it, so the buyer can insure receiving clean title. Most buyers don't want to do that, send their check into a financing company in hopes they'll recieve clean title. It will also delay you receiving any money, since it has to clear the fiance company first.
 

A guy in work just sold his 1996 Acura Integra with 70K miles for $5,500. It was in excellent shape.He tried the net with no results so he put an ad in the local paper and sure enough he got a few calls.

He used www.bluebook.com and www.edmunds.com to get the asking price.

PS - he used the money to buy a new BMW 330i..for something like $36K+ (I think he is nuts...I'll keep my two paid off old Ford Tarsus' anytime)
 


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