Selling A Used Car - Part 1
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Selling A Used Car
Doing the paperwork
Once the deposit has been taken and the deal sealed, and before you say goodbye to your car, make sure you fill in all transfer documents.You must inform the DVLA of the sale by filling in and sending off the form on the vehicle's V5C registration document.
If your car is listed with a security register (such as the RetainaGroup) you must inform them of the sale, too. The forms you need to fill in and send off should be with your car's documentation. If not, call the number on the car's windows.
Finally, you should call any company providing a warranty on the car - either a manufacturer or an independent - to inform it of the new owner's details.
Meeting buyers
If you decide to sell your car privately, you will have to meet potential buyers to allow them to inspect and test-drive the car
You must look after your own security and your car. If you feel vulnerable, ensure you have a friend or relative around.
You should aim to meet them at your home in daylight hours to give them plenty of opportunity to examine the car thoroughly.
Ensure the buyer has at least third-party insurance cover. (If they have comprehensive cover on their own car, then they'll have third-party cover on your car.)
Alternatively, you could change your policy to cover any driver during the selling process.
Ask to see a driving licence, and make a note of the licence number.
Make it clear to the person driving that any speeding fines incurred on the drive will be their responsibility.
Never allow a potential buyer to drive your car without you. When it is time for the test drive, get into the passenger seat and then hand over the keys.
Allow the buyer to drive on a variety of roads and for a decent amount of time - at least half an hour. If you try to cut it short, they might think you have something to hide.
Preparing your car
Getting your car looking its best before buyers come to see it will help you realise its potential and sell it with the minimum of fuss.Give it a thorough clean. If it looks the part, you'll be half way there when the buyers turn up. Use professional cleaning products to give it a good shine, and consider sprays that bring back lustre to plastic body parts and tyres.
Spruce up the interior. Removing all of your clutter and giving it a good vacuum and wipe-down is the minimum required, but you might want to rejuvenate surfaces with a dedicated spray.
Get rid of any smell of cigarette smoke or evidence of dog hairs.
If you can't be bothered to clean the car yourself, get it done by a valet company. You could spend between £15 and £50, depending on the service, but if you sell the car quickly, you'll save on having to re-advertise it.
Steam-cleaning the engine is considered a step too far with most used cars. A sparkling powerplant under the bonnet is more likely to raise buyers' suspicions than put them at ease. Change the oil so it's clean when the buyer checks, though.
It's often worth getting dents and scratches removed from nearly new or prestige cars before putting them up for sale. Knocks on older cars are expected, so you're unlikely to recover the cost of getting them put right. Covering over stone chips with some touch up paint is cheap and easy, however.
Collect together all the relevant paperwork for your car, including the V5C registration document, servicing schedule and MOT certificate. If you have receipts for work done, so much the better - it'll show that you've cared for you car.
The used car market isn't as seasonal as it used to be but you'll still make the most on a convertible in the summer and realise the best price for an off-roader as winter draws in.
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by briangilman74
I'm Brian Gilman, and I work for OOYYO Used Cars Search Engine. OOYYO Network is the global vertical search platform for used cars and new cars. OOYYO... more »
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