Author Topic: How to sell a car - from a security stand point  (Read 1728 times)

Melanie A

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How to sell a car - from a security stand point
« on: May 07, 2015, 10:40:17 AM »
I have come to the decision to try and 'sell' my car, it would be a lease takeover to be exact. The lease ends July 2016, I have debated on just sucking it up until then and not buy another car to replace it because that seems like the easy route. But I realized I need to get out of my comfort zone and just do it. I also feel with how much I spend on the car on a monthly basis is stopping me from reaching other financial goals. I currently live with my boyfriend and he has a paid off car that can be used if needed. And I can easily go to work by biking on paths or taking the bus.

The car lease payment is $313 with lease protection
Car Insurance $95 (the lowest I could find)
Two parking spaces $200 (one at home and one at work)
Gas approx. $60

So not including any maintenance, that's $668 a month for a car. Makes me sick to my stomach. :(

My question is the process of 'selling' the car to people who come and see/drive it.
I understand how to transfer the car, put ads up but I don't know how to protect myself while trying to 'sell' the car. Do I go with them when they are test driving it? Do you take their license and insurance papers? As I don't have a photocopier, I can't just copy them.

My other dilemma is someone has hit my bumper (3 weeks ago after it got repainted from someone else hitting me...) and since I never saw who did it, it remains to be repainted. With the lease protection this would cover that cost if I were to bring it back July 2016. But I realize in order to sell a product, it must be in good condition. I've debated on just leaving it as is and negotiate with the person who is interested and I would be willing to have it repainted. But I'm concerned that I have it repainted and they change their mind on the car. I just don't want the extra cost if I never find anyone to take the lease over, I guess that's the risk.

Any suggestions/advice would be appreciated :)

danygard

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Re: How to sell a car - from a security stand point
« Reply #1 on: May 07, 2015, 11:03:05 AM »
RE:  Don't have copier- photograph their license and insurance card with your cell phone.

 Me: Married Woman 50ish.  I don't get into a car with strangers and I strongly advise my husband not to do so when he is selling cars.  If they steal the car, you did you due diligence by photographing their ID.  Call the police and make an insurance claim.  Your life is worth more than the hassle of a car theft.
We also don't meet CL buyers or sellers alone.  Many local police departments will let you meet in their lots to do a legal sales transaction.

Mother Fussbudget

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Re: How to sell a car - from a security stand point
« Reply #2 on: May 07, 2015, 11:15:40 AM »
RE:  Don't have copier- photograph their license and insurance card with your cell phone.

 Me: Married Woman 50ish.  I don't get into a car with strangers and I strongly advise my husband not to do so when he is selling cars.  If they steal the car, you did you due diligence by photographing their ID.  Call the police and make an insurance claim.  Your life is worth more than the hassle of a car theft.
We also don't meet CL buyers or sellers alone.  Many local police departments will let you meet in their lots to do a legal sales transaction.

+1.  True for CraigsList sales as well. 
You can also meet at your Bank or Credit Union, and arrange for payment / direct transfer on-the-spot - staff will even look over your paperwork & verify everything's in order.  All it takes is a phone call to see if your bank/CU will help in this way.