BreakingModern — If you’ve ever sold a car, you already know that car retailers will only pay a fraction of the car’s worth. To truly make money off of your used car, you’ll need to sell it yourself. Here’s how.
With so many scams and personal dangers related to selling online, it’s important to protect yourself. These three tips can help you be both safe and successful in selling your next car on the Internet.
You probably will want to test drive the vehicle before buying. Getting into a car with a stranger can be especially dangerous, so it’s important to listen to your intuition during phone conversations and the initial meeting.
Always meet the buyer in a public place and, if possible, bring someone along with you.
Before the test drive, ask to see the buyer’s driver’s license and, if possible, make a copy of it to leave with someone. Also make sure you have your cell phone with you, even if you meet the buyer in a driveway.
Protect Yourself from Scams
Most scams related to online car buying are connected with payments. Often someone who is overly eager in the initial messages is a red flag, especially if the person wants to buy the car without even seeing it. If the seller asks to pay via PayPal and send a courier to pick up the car, just decline.
Ideally, the payer will show up with cash in hand. If he or she asks to pay by check, meet at the buyer’s bank, not yours, and verify the funds before proceeding. Do not transfer the title until you’re sure the payment goes through. Avoid escrow services, since even legitimate ones can lead to issues.
If you’re willing to put the work in, you can safely sell your car online, earning significantly more than you would through a dealer. By taking the appropriate precautions, you’ll increase your chances of success while also keeping yourself safe and fraud-free.
For BMod, I’m Stephanie Faris.
First/Featured Image: © Minerva Studio / Dollar Photo Club
Second Image: © ViewApart / Dollar Photo Club