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Cornerstone Insurance Agency Blog

How to Keep Your Privacy When Selling Your Car

1/16/2019

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Picture
​Selling your car yourself can be easy and another way of earning that extra cash. Especially using the internet, you can post an ad online and wait for a buyer to contact you. However, there are still important things that you should know. The following will help you in protecting yourself to make the process go smoothly.
Screen Callers Thoroughly
Posting an online advertisement will bring you a lot of emails, calls or text messages from interested buyers. Keep in mind that you need to only talk to serious buyers before you meet any of them. You can screen them by having a conversation over the phone and start asking questions as to what they are looking for or what their needs are.
 
Also, welcome any questions from the buyer, this will also gauge them on their seriousness to buy the car. Make sure that they are conscious that you want to sell the car to someone who can meet you and that you don’t accept out-of-state checks.
 
Take Precautions with the Test Drive
If you deemed that the caller is legitimate and is ready to buy, you might want to set up a test drive. Consider first the following:
  • Pick the place or location. Central location or public area should be safe.
  • Meet prospective buyers during the day.
  • Park the car in a high traffic area. The more people, the better to ensure your protection.
  • Plan a test drive that’s short and stick to a populated area.
  • Ask first for their driver’s license before and always accompany them for the test-drive, regardless of any collateral that they offer in exchange.
  • Plan and ask for a relative or a friend to accompany you during the test drive.
 
Ensure a Safe Transaction
If the person is sincerely eager to buy your car, he will most likely want to negotiate the price. Once you have settled on the price, you should meet them at the bank or at a credit union to complete the transaction. You should also:
  • Refuse any unusual requests, such as driving the buyer to another location
  • If the test drive begins and ends at your home, conduct the transaction at the curb instead of letting the buyer inside your house.
  • Make sure that the form of payment is legitimate.
 
Keep a Paper Trail
It is essential to maintain a paper trail when selling a car. It is your responsibility to make sure that you make the transfer correctly. A little-advanced legwork can lessen the hassle down the road. Make sure that you complete the title transfer as well. Don’t forget to block out your personal information before handing the new owner the papers!
 
Conclusion
Selling a car may seem easy, but you need to make sure that you are also protecting yourself. Be cautious when transacting with your buyer. It is not because they are a complete stranger, but it is to make you secure and at peace.
 
Owning a car can be considered a necessity, remember to buy an insurance plan to ease you with any inconveniences. At Cornerstone Insurance Agency, we aim to make our client's life easier with policies that are tailored to their needs. You can get more information about our products and services by calling our agency at (888) 661-8831. Get your free quote today by CLICKING HERE.
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