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Selling a Used Vehicle

  • Trading in your vehicle relieves you of the paperwork hassle but it also relieves you of cash in your pocket. Usually what you are offered is below retail value, unless the vehicle is in high demand. Trading is a good way to go if you desire a newer vehicle and still have payments to make on your old vehicle. You can roll the remaining payments onto the loan for your newer vehicle.

  • Selling your vehicle involves patience and good judgment.

  • Determine a fair asking price. Research the value on Kelley Blue Book or Consumer Guide.

  • Make any necessary repairs to prepare your vehicle for emissions testing or for potential inspections.

  • Set aside time for prospective buyers to view and test drive your vehicle.

  • Sell your vehicle AS IS. There is no return policy or warranty in effect.

  • Compile any vehicle maintenance records so that the buyer will have confidence the vehicle was well maintained.

  • Be honest and disclose any repairs that the buyer may have to make.

  • Set your asking price a few hundred dollars above your final asking price.

  • Put everything in writing and request a cashiers check or any form of certified funds from the buyer.

  • Once the vehicle is sold, be sure to prepare a Bill of Sale.

          
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