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How Not to Sell Your Car - The 7
Deadly Sins
Deadly Sin 4 -- Trying to hide known faults from a buyer
Well it's fairly clear that this is dishonest and should not be done.
Some states actually have laws which hold you liable if it is found
that you sold a car with known faults. A used car may have some
faults. The best way to handle this situation is to know exactly what
the fault is and how much it will cost to fix it. You can then reflect
that in the price you ask for the vehicle. The principle is to repair
only what will be paid back in the sale price.
Deadly Sin 5 -- Selling to a professional buyer
There are people that make their living buying cars at bargain prices.
For this reason you should learn to recognize them. They will make you
a very low offer. The best way to protect yourself is to do the
research step thoroughly and be prepared to say no. They are basically
trading off the fact that most people don't really know the market and
are sometimes just desperate to sell.
Deadly Sin 6 -- Not doing your paperwork
You
absolutely must complete all the DMV or vehicle authority paperwork to
fully transfer the title. Otherwise you may receive parking tickets or
other nasties from the other party.
Deadly Sin 7 -- Letting yourself be bullied by tyre-kickers
Many buyers will make a list of all the things they have found wrong
with the car and then tell you the price that all this costs to
repair. Don't assume that their figures are correct because they
appear to be an expert. It is often the case that if they are truly an
expert they know how to get the repair done themselves for a much
cheaper price. You will find that two of these experts have two
totally different ideas about the price. As you can see, it gets back
to research again -- if you have priced your car correctly -- you
won't be overly disturbed by tyre-kickers...
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