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Avoid the stress & hassle of sell your old car
Thinking about for-sale by owner? Here’s what you need to consider.
Need money now? That’s not likely to happen. Selling your car could take days, weeks, or even longer.
If your old vehicle has high mileage or is very unique, you could be waiting to find the right car buyer for much longer than you hoped.
You´ll need to meet potential buyers, let them take a test drive, and spend time at the local DMV to get paperwork handled. That could mean kissing your free time goodbye.
If you still owe money on your car, you’ll have to navigate the pay-off process on your own and that can be tricky if you have negative equity.
You´ll still have to make any loan and insurance payments while you´re waiting to sell your current car. Buy a new car already? Now you have double the car loan payments.
If you want to get the best price for your car in a private sale, you´ll need to fix any issues and have it detailed.
Potential buyers are likely to low-ball you on your current vehicle and you’ll have to be a savvy negotiator to not lose the deal and still get the price you want.
Even after all the time and energy, you may not get the price you wanted for your vehicle.