one or two people before they sell, because my pricing is realistic and thevehicles present themselves so well. This saves me money, and more
importantly, time and hassle with retail shoppers, who can waste a lot ofsomeone’s time.
The same common sense trust issues apply when selling your own vehicleas when buying. Statistics suggest that up to one quarter of all cashiers’
checks or other so-called certified funds are actually fraudulent in private-party car and truck transactions. Only wired funds or cash are truly reliable.
Meetings exchanging title work for payment at financial institutions aremuch safer, and this is a place where your banker can be very helpful—
especially as the rules governing such turnover vary so much state to state.
Finally, basic safety must also be addressed; it’s not uncommon for apotential buyer to show up to test-drive your (soon to be ex-) pride and joy, (^)
and want to leave their own vehicle behind as collateral. But there areenough documented cases where the so-called buyer drives off never to be (^)
seen again, and it turns out the vehicle left behind was stolen to begin with.
coverage insurance.TIP: Before you try to sell your car retail, make sure it has full^
That way, if someone steals it, you are only out the cost of the deductible(pick a low one); the cost of the extra insurance premium for a month or
two is minor compared to the potential downside.