Most car owners are preoccupied with making a kill when selling their vehicles, as they obviously want to make a profit.
However, it is important to understand key aspects that will protect you from being swindled.
Know Your Car’s Worth
Private buyers will often attempt to bargain the selling price.
They may even bring along rogue mechanics to check out the car and support baseless claims such as the vehicle needing repair or replacement of key components.
Buy a car valuator or have it inspected by your own trusted mechanic. Walk into the negotiation knowing the worth of your car, and don’t buckle against contrary claims.
Use a Car Buying Service
You may decide to avoid the middleman and simply sell your car to a certified online buyer.
Online agencies will give you an instant quote and pick up your car after trading it.
While you likely won’t get as much money as you would through a private sale, you’ll save yourself the headache and vulnerability of dealing with brokers.
Be Wary About Test Drives
A potential buyer may request a test drive before purchasing your vehicle.
However, this gives the nefarious scammer the perfect opportunity to steal your car.
Always have a friend with you, and be sure to tag along for the test drive. Also, be sure to request their driver’s license and have a scanned copy on hand.
Always Meet in Public
When meeting with the buyer, always ensure it is in a populated place in a well-lit environment.
Never host the buyer at your place.
Don’t Accept Cash or Cheques Unless Authenticated
Avoid transacting in cash when meeting the owner/seller.
Always use Bankers’ Cheques! They are as good as cash but have the safety precaution of being traceable, easy and safe to carry and have to be banked.
