Everything You Need to Know Before, During, and After Selling Your Car
Selling your car privately is not easy. You have to arrange for advertising, answer a lot of inquiries, negotiate a price, prepare the necessary documents, and secure the payment for your car. That’s a lot of steps you have to do, yet sometimes you can’t still guarantee that buyers will buy it.
Here at Carsada, we understand the pain of going through the whole process of selling your car privately without a guide to refer to. That’s why we compiled all of the important things you should keep in mind before, during, and after selling your car.
Before: Make it look sale-ready
Before you sell your car, you have to make it look sale-ready first. Clean your car and prepare it for a photoshoot. Presentation matters especially if you’re going to sell it online. Forget the old adage to not judge the book by its cover because if you’re selling your car via the internet, people will rely heavily on photos you posted about your car.
Before: Create a contract
Prior to selling your car, you have to make sure that you already have a contract created for the transaction. Included in your Deed of Sale should be the following:
- Name, Address, and Contact Number of Seller and Buyer
- Date of Purchase
- Amount of Purchase
- ID Number or Photocopy of ID (Optional)
- Car Make/Year Model/Series
- Car Registration Number
- Plate Number
- Engine Number
- Chassis Number
- Vehicle Registration Number
- Car Mileage
- Buyer and Seller Signature
During: Be honest
Communication is key in every deal, so make sure you communicate with your buyer the condition and history of your car. Sugarcoating problems will never benefit you positively and it will probably lead to more problems.
During: Arrange for a test drive
One of the best ways to close the deal is to ask buyers to do a test drive. You might have to go the extra mile to arrange it, but it is one of the surefire ways to sell your car. It will give buyers the intimate experience that can make or break their decision to buy. It will also give you the chance to highlight the car’s condition, safety features, and driving performance to them.
After: Turnover all documents
Okay, so you’ve closed the deal. Now what? It’s time to turn over all of the documents to the new owner.
If your car is still on a loan, you have to pay it off first before selling it. Otherwise, you can refinance it. You need to cancel or transfer your insurance policy as well. Besides the Original Certificate Of Registration (CR) and the Original Receipt Of Registration (OR), arrange for the transfer of the Certificate of Title. The process to do this will take a while, but you should do this to make sure that you are not any more liable for the car.
Want a Hassle-free Way to Sell Your Car?
Selling your car is hard. It is fulfilling and you can get a significant amount of your money back, but you will go through a lot of steps to secure one purchase.
Carsada knows by heart the problems faced by car sellers, which is why we’re here to offer help to those looking to sell their cars.
Let us do everything for you. We can do the marketing, the appointment setting, and the documentation of the transaction. All you have to do is reach out to us and provide all the basic information about yourself and your car. That’s all you need to do!
With Carsada, you can just sit back and relax because we will do all the hard work for you. If you’re ready to get started, fill out this form.