When you sell your car, you need to advertise it first. There are many ways to advertise – some are offered for free, while others involve an expense. The option of advertising will probably be determined by how you urgently need to sell your car. Sometimes, it may be wiser to know some tips on selling insurance in case your car has insurance.
Selling Your Car Online
Advertising and selling your car online has many benefits and drawbacks. Advantages could be an access to a much wider audience. It also offers a more secure payment method so there is no worries about being scammed. You can also provide more details about the vehicle including its pictures.
Its drawback would be having to sell through an auction site like eBay, which may give you an undesirable price on what you have hoped for your vehicle. Interested buyers will want to see the vehicle first before they bid or buy, so you need to arrange appointments with them.
Potential buyers will have to ask too many questions about the vehicle. To respond to all their queries, you may want to list down a complete detail about the vehicle on sale. It’s also important to know tips on selling insurance for vehicles.
Ensuring Safe Payment
Once you have finished negotiating the price and finally agreed the sale with the buyer, your next step would be determining how you can get paid:
- Cash in Full
Ensure that you have counted the money. Possibly it’s great idea to meet the buyer at your bank to submit payment, so you get paid immediately, while the cashier checks if the notes are genuine.
- Do Some Immediate Bank Transfers
Keep your car until the funds have been transferred. You also need to inform the buyer about your bank details to receive payment.
- Cheque or Banker’s Draft
Ensure you have proof of the buyer’s name and address, including a copy of a utility bill, so you can make follow-ups in case no payments have been made. You need to check your bank if the cheque or banker’s draft has been cleared into your account. Ensure if the cheque has been cleared and not bounce after a few days. It’s also the same with knowing tips on selling insurance for vehicles.