Selling a second-hand car can be an easy process if you know the legal procedures to carry out, considering that the first thing to determine is the sale price. In this sense, it is necessary to announce it and to finalize the sale, it is necessary to comply with all the paperwork of the transfer of ownership.
There are different reasons why a person decides to sell their used car, but any time could be a great opportunity. Even the business of buying and selling cars is a quite lucrative commercial activity.
In addition, given the high value of new vehicles, it is possible that many people prefer to opt for the used car market, at least to acquire this good temporarily. So, if you want to sell your old car, you will be interested in knowing our tips to obtain a successful sale.
First, it is important to clarify that if I intend to sell my car I must consider its condition and useful life, because if the vehicle is very old, or if it is in very poor condition, it is most likely that it is appropriate to sell a scrap car that will be converted into Scrap. If not, you could be eligible to sell it for a good profit margin.
How much do I get for my car at a dealership?
If you want to replace your old car with a new model, the best thing to do (because it is simple and fast) is to sell it to the same dealership where the purchase of the new car would take place, because normally, these companies offer discounts if you deliver your old car. However, you will have to analyze the commercial value of your car outside the dealership, to decide if it suits you or not.
Buying and selling cars between individuals
If I want to sell my car, I can offer it directly to a private individual, which, in general, is the most common option in the used vehicle sales market, because it generates more money without distinguishing whether you are going to buy a new car or not., since a dealer or a company will offer you an amount well below the sale price.
But, in the case of the sale between individuals, it is considered a possible disadvantage that the procedures and all the paperwork related to the negotiation would have to be done directly by you, which, on the contrary, the dealer would do by facilitating the paperwork.
How much can I sell my car for?
If I sell the car on my own, one of the things that I have to think about first is the price that I am going to set for the vehicle. A recommendation that you can follow is to search the market for the price of models similar to your car . In this sense, the characteristics that are taken into account in these cases are: the engine, the make and model, the mileage, if it has optional equipment, the tires, their state of maintenance and conservation, etc. Since, ultimately, all these elements influence the price of a second-hand car.
In such a way that the work of the private seller would be limited to reviewing web pages or magazines in which a price table of used cars can be verified as a reference. Another option would be to look for ads that offer vehicles similar to yours, even, if you prefer, you could consult with your insurance company regarding the value they consider for that car or hire an appraiser.
Now, of course, many think “I want to sell my car at the best price”, but it is important to bear in mind that what the potential buyer wants is to make the lowest payment for the good he intends to acquire. So, the most sensible thing is to seek a balance on the price that is set by both parties.
How to sell a second hand car?
In principle, to sell your old car it is necessary that it be in the best possible conditions and speak honestly at all times. It is normal when a car is sold for the seller to highlight all its virtues, because if the vehicle is attractive and interesting, the chances of completing the deal will be higher, and more money could even be asked for it.
Another important point to take into account is the guarantee for second-hand cars between individuals. It is very important that you do not make up or hide anything from future buyers in relation to the car. Keep in mind that it is unethical to deceive people, but also, legally, it is mandatory to give a guarantee when selling a car between individuals, since the law expressly states that the seller, individual or not, is fully responsible for the problems and possible vices of the vehicle that have not been notified to the buyer.
Said responsibility covers the period of up to 6 months after the sale, this being a guarantee when selling a car between individuals.
Now, if I want to sell my old car, it is my duty to deliver it with a recent oil change, each tire (in this link you will find several products to analyze) in good condition and with the ITV passed. And if it is in your possibilities, consider giving it a general check-up at a trusted mechanical workshop.
Remember to take some precautions in case of making the sale between individuals online, because you could be the victim of deception or fraud. So do not trust terse ads and strange stories.
One of the recommendations in these cases is to choose a busy public space to show the car to potential buyers , preferably close to a police station.
Another note is to avoid receiving large sums of cash during the transaction, as this could be a ruse to make you the target of thieves who already know that you will receive a certain amount of money.
Also, ask a family member or friend to accompany you to show the vehicle, and if there are several people, someone can keep a distance to be alert to any eventuality and notify the authorities.
Documentation to sell a car
Among the procedures to sell a car we can highlight the following:
- A sales contract must be drawn up (which must be in 4 sets of copies and signed). With this contract, the ownership of the property is being transferred to another person. Keep in mind that this document can be drawn up with the appropriate clauses, it can even be a contract for the sale of cars without guarantee, but in any case the amount of the transaction must be stated, as well as the time and date on which the agreement was signed. contract.
- The technical inspection card or technical sheet (seller).
- Driving license (seller).
- DNI (photocopy of both parties).
- Declaration of Transfer of Sale of used vehicles (4 sets of copies signed by the interested parties).
If you need more advice on the legal procedure, do not hesitate to seek a lawyer, who will help you speed up everything related to the documentation if it is messy.