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Trade-in vs. Private Sale
Thousands more dollars can be made in the sale of one's used car if a person simply chooses to sell the vehicle herself rather than trading it in to the dealership. Sometimes the dealership will make it look like they are giving you a decent amount for your trade-in. In reality, the dealership is recouping that amount by selling the new car for more money.
Don't Know How to Sell the Car Yourself?
Determine the fair market private sale price of your vehicle. There are three major companies that put out price guides in print on a regular basis. Each has a website where the fair market value of your vehicle can be determined without buying their book. Check out Edmunds HTTP://WWW.EDMUNDS.COM/ , NADA HTTP://WWW.NADA.COM/ , and Kelley Blue Book HTTP://WWW.KBB.COM/ . Some of these sites even allow you to print out a window sticker for your car showing that you derived the price in a fair way.
Clean up your car yourself or have it detailed the next time you have the oil changed. Take some snazzy photos of the car to put in your ads and flyers.
Advertise, advertise, advertise. Put an ad in your local newspaper, advertise online with one or more auto listing companies such as UsedCarsSaleSite.com's sister site UsedCarsSalesSite.com , and put up flyers advertising your car for sale. You may also be able to park the car in a high traffic area with a for sale sign in the window. For example, if you go to the mall for a few hours, park the car close to the street entrance to the mall so that other mall-goers will see your vehicle for sale. Check with mall personnel to be sure this is an acceptable practice.
Sample Motor Vehicle Bill of Sale
The following is a sample Motor Vehicle Bill of Sale for you to peruse to get an idea of what information you may want to put in the sales contract once you find a buyer.
MOTOR VEHICLE BILL OF SALE
Seller's Information:
Name:____________________________
Co-Owner: ________________________
Address:__________________________
City:_____________________
State: _______ Zip Code:___________
Buyer's Information:
Name:____________________________
Co-Owner: ________________________
Address:__________________________
City:_____________________
State: _______ Zip Code:___________
Description of Vehicle Being Sold:
Year:_______________
Make:
___________________
Color:_______________
Model Description:__________________________________
Body Style (2 Door, 4 Door, etc.):_____________________
Number of Cylinders:__________________
VIN#:______________________________
State Title Number:____________________
Odometer Reading:___________________miles
Disclosures
The seller(s) certify that the odometer reading of this vehicle is correct to their knowledge, and that the seller has not modified the odometer, disconnected it, or rolled back the mileage during his ownership.
Seller warrants that there are no fake airbag covers, nor have any parts or materials been placed to give the appearance that airbags exist, when they in fact do not.
Payment
Seller acknowledges receiving the following payment from the buyer to transfer ownership of this vehicle.
Selling Price of Vehicle: $________________
_________________________________________________________________Dollars
Signatures
The seller and buyer agree that to the best of their knowledge, all the information on this Bill of Sale is correct. The seller has received payment from the buyer and hereby transfers ownership of this vehicle to the buyer.
________________
Signature of Seller #1
_____________
Date
_______________
Signature of Seller #2
_______________
Date
________________
Signature of Buyer #1
_____________
Date
Signature of Buyer #2
_____________
Date
Disclaimer: this article is for informational purposes only and nothing in this article should be construed as legal advice.
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