If you’re wondering how to sell a used car, there’s a lot to consider. Your team at Ottobot Motors in Irving, TX, is going to reveal some of our best tips for selling a used car, and we’ve put together this authoritative guide that we know you’ll find helpful (so please share it with your friends!). You know Ottobot as your trusted buy here pay here used car center, but we’ll flip the script and show you how to sell your vehicle privately, in a way that protects you from risks you’re probably unaware of. Kick back, relax, and read on because you’re about to learn how to sell like a pro! Consider your “how to sell a used car” problem handled.
The key to a great sale begins with thinking about what you would want as a buyer. Considering this often-forgotten step will help you in ways that you might not even realize when you finally put your “seller” hat on. If you were buying a used car, you’d want something that meets your budget. You’d want the seller to answer your questions. But most of all, you’ll want the vehicle you see to match what was described (such as a work truck, guest vehicle, family car, etc.).
Prepare yourself for questions. Buyers will have plenty of them. Don’t forget to think about your boundaries. Are freeway test drives okay with you? Is meeting at night comfortable? Whatever “obstacle” your boundaries might create, have a solution like a predetermined route where you can get to 55 MPH where posted on a side street. Have options of when you can meet during the day. Demonstrate the ability to accommodate.
If you’re selling a used car in Texas, start by thinking about what you would want if you were buying a used car. In fact, you can read our tips for buying used cars, and see what your buyers might be thinking about.
There’s a lot of liability when selling a car privately. Your safety, finances, and legal liabilities are all exposed. So if you’re thinking, “Can I sell my used car to a dealer?” The answer is yes! This is often the best place to sell your used car because the process is quick, and the dealership handles all the paperwork. You take your money, walk away, and have zero liability. Yes, the purchase price might be lower than your targeted sales price, but here’s why:
Take any of our used cars for sale. Nearly all of them are purchased trades from people like you. Once purchased, they’re inspected, serviced, and prepared for resale. Giving us just enough profit to keep the lights on till next time.
If we gave our cars away, there’d be no more Ottobot motors. Would you give your car away for free?
The alternative to a dealer trade or cash purchase is a private sale. There are loads of details that you’ll want to take into consideration if you go this route – and we’re going to tell you our best strategies of how to sell a used car below so that you’re prepared for anything.
Whether you sell your vehicle to the dealer or to a private party, you can get a trade estimate by using our online tool, the same one we use all day to evaluate customer vehicles. Knowing this information prepares you for other decisions coming your way.
Yes, life is busy. But a little preparation now goes a long way at the time of sale. Imagine selling your vehicle. It all goes better than expected. Then you go inside to grab the title and– whoops. You can’t find it. Now what? Here are some organizational tips on how to sell a used car successfully:
State any and all title issues in the ad. If the title is clean, in-hand, with no liens, say it! If the title has a loan, and an accident on it, say that too. Your buyer will thank you for making this easy.
Before you even show the vehicle, people will encounter your ad. Think about what you would want to read. Would you be interested in just a bulleted list of features? How would you feel if there wasn’t a price nor pictures included? Here are some of our best tips for writing an ad that will make you the king or queen of how to sell a used car!
The more relevant the information that you can share the better. This builds buyer confidence, and it also saves you from explaining all the details multiple times. If you’ve written a good enough ad and communicated effectively, your prospect will be coming with the intent to buy. Not just waste everyone’s time.
Unless you’re looking for a project-car, would you want to buy something held together by duct tape? Would you even want to drive it if the steering wheel and controls were sticky? Neither would your buyer. Take the time to prepare your vehicle. Clean it up. Take out any personal effects that you might not want to lose if your buyer takes the car on the spot. You don’t have to detail it for every showing, but keep her clean and ready to go.
Once your qualified buyer shows up, lead with good faith. Your energy will determine a lot. Have respect for them, and you’ll be surprised by the return on your kindness.
Hey, you’re going to sell a used car in Dallas, right? The immortal words from a famous Texas country song illustrate the best pricing and negotiating strategy we can think of: “You’ve got to know when to hold ’em, know when to fold ’em, know when to walk away, know when to run.” So what does all this mean for you as the seller? Let’s take a look:
Ok. So your vehicle’s been seen. They love it. They’ve paid. The money has cleared. You’ve passed off the keys, the title and given them a copy of the bill of sale. You did it! But now what? There are a few more things to keep in mind now that your sale has been successful.
If someone insists on a wire or check, they should be okay with waiting until it clears to take the vehicle home. You should never feel forced to give away the title, keys, and vehicle just because they have handed something over that may or may not clear. In this case, give your buyer confidence by removing or editing the listing with a “Sale Pending” notice. Make a note in the “terms section” of the bill of sale (this is your working contract). And maybe consider giving them the owner’s manual as a show of good faith.
The deal is done. They’ve driven away. You’ve taken the money from a successful sale and purchased one of our cars under $15,000. Everyone’s happy. Then a few weeks go by, and the phone rings. It’s your buyer. The alternator went bad, and they’re feeling less than happy about it. You apologize, express your sympathies, and then they come back to you wanting you to foot the bill for the repairs. They get aggressive and start talking about lawyers. While you may want to hang up on them initially, this could only make matters worse. If they sue you, which they can, you’ll have to make a court appearance. WHAT. DO. YOU. DO?
An ounce of prevention is worth a pound of cure.
In terms of your legal liabilities, the best way to sell a used car in Texas is to make sure you’ve done your due diligence. Cover your bases. Here’s how:
Of course, this is a worst-case scenario. But it happens. We hear about it all the time. Decide how and where to sell your car very carefully. Let’s say that you’re offered $4500 from a dealership as a cash purchase. But you sell your vehicle privately for $5250. Good job, right? But then you have to spend $1500 in legal fees. And maybe the court assesses a fine. Plus your time. And all the headaches. Was the extra $750 worth the gamble?
To sell a car in Texas, you’ll need the following paperwork: the title, a bill of sale, a signed title transfer application, and additional documents like a release from a lien. The private selling process can be a headache, and the fees involved can negate the extra money compared to selling to a dealership. If you’d like to avoid this hassle, sell your car to Ottobot Motors in Irving, TX.
Yes, you will need to notify the DMV if you sold your car in Texas. You are required to inform the DMV of your car’s ownership change so that the title can carry over. This process is called a Vehicle Transfer Notification, and you will need to complete it at a Texas DMV within 30 days in order to remove any liability.
You’ll need a bill of sale for a car in Texas. A bill of sale includes the names of the buyer and seller, the date of sale, the vehicle’s mileage at the time of sale, the VIN, the selling price, a clause that releases you from liability, and further terms, such as whether the vehicle includes a warranty. You can make your own bill of sale with templates available online.
So after reading that last part, you might be thinking, “Someone else, please sell my vehicle!!!” While most private used sales are a routine affair with good feelings experienced all around, we’re trying to prepare you for what could also go wrong. It’s the responsible thing to do because the truth is, you can’t just rinse off and sell a car. You have to take on a lot of responsibility. And then you have to decide if it’s worth it in the end. Come to think of it, there’s another option. Have you considered a trade? Skip to the good stuff, eliminate the hassles, and put your current vehicle into a trade for one of our used SUVs, pickups, or family cars!
We hope you’ve enjoyed this article on how to sell a used car. We trust that it will prepare you against some of the most costly pitfalls that you could experience. Not to say that any of these negative things will happen, but they can. We’d also like to tip our ten-gallons in agreement with that same Texas-born country song, which has a verse that concludes, “If you’re gonna play the game, boy, you gotta play it right.”
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