How to Sell Your Car

April 1, 2020 | By Peyton Sawyer

 

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Are you thinking about selling your car? It may be a great idea if you are thinking of purchasing a new car or if you would like to grab some much-needed cash. There are a few ways to go about getting the cash you need by either selling your vehicle or getting some quick cash just by owning it.

If you are wondering how to go about selling your car or making a trade, you can find a simple guide listed below. If you are trying to find the extra cash you need, but would still like to keep your vehicle, then maybe car title loans online, is an option you want to consider. At Texas Car Title and Payday Loan Services, Inc. you can qualify for same-day title loan cash without the hassle of traditional loan requirements. If you would like to find out more, simply complete the online request form to receive a call today.

 

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Dealership Trade-In

Trading in your car, truck or SUV at the dealership may be the easiest way to sell or cash in on your currently owned vehicle, but will it get you more cash then selling it privately? Probably not. Let’s face it, dealerships are in business to make a profit. It may seem like you are getting the most for your vehicle, but most likely it’s the dealership that is coming out on top. Understanding the ins and outs of selling a car, is the best way to make the most profit.

There are a couple of options when deciding where to sell your vehicle. A dealership may be the most common and convenient way to speed up the process, but you can also sell it privately.

Selling to A Private Buyer

While selling your owned vehicle to a private buyer may be more rewarding financially, it can also be more time consuming than more common methods. Aside from advertising your vehicle and waiting for a serious response, you should also be prepared to answer calls and schedule test drives for interested buyers.

Selling your car privately may not be the easiest way to make extra cash, but it can certainly provide more cash than a trade-in. A private buyer is looking to invest in buying a vehicle to drive, unlike a dealership that is looking to make money on the resale of your car, so a private buyer is typically willing to pay more for a reliable vehicle.

 

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Getting Your Documents in Order

Whether you are selling to a private buyer or to a dealership, it is important that you have the proper paperwork for the sale or trade-in. Having the maintenance records, title, and original sale documents of the vehicle will help to make the sale go smooth. When selling a car you are required to transfer the title to the new buyer, so that is the most important document to have in your possession.

Once you have gathered your documents, decided if it is a private sale, set a price, and advertised, it is now time to screen buyers. Be sure to receive the agreed-upon amount of money before transferring the title. It is important to protect yourself when dealing with a private buyer.