6 Steps to Limit Risk When Selling Your Car Privately
There are several steps you can take to limit risk when selling your car privately on your own, including the following:
Key Moments of this Video:
00:00 Six Steps to limit the risk factors when Selling Your Car Privately
00:25 Avoid Wasting Time with Non-Serious Buyers and Scammers
01:51 Avoid Stranger Danger when Selling Your Car
03:15 Avoid Getting Scammed
04:34 Avoid Fraud Claims After Selling a Car Privately
05:44 Avoid Post-Sale Liabilities with the Change of Ownership
06:37 Avoid the Time, Stress, and Hassle of Selling a Car Privately
07:14 Driveo is here for you
👉 Avoid Wasting Time with Non-Serious Buyers When Selling Your Car Privately
✔ You Will Get Inquiries from People Who Aren’t Serious Buyers:
Many people, including many dealers, are only contacting you to see if they can score a sweet deal and aren’t severe buyers or might even be scammers.
✔ How to Avoid Time-Wasters and Scammers with Good Screening:
A few simple questions will quickly reveal who the time-waster and scammer are.
✔ The Tangled Webs Scammers Weave:
Learn about some of the most common scams so you can be on high alert to quickly weed them out.
👉 Avoid Stranger Danger When Selling Your Car
✔ Serious Problems are Rare but Can Happen:
Don’t have complete strangers come to your home to see the car because they could have bad intentions.
✔ How to Stay Safe When Selling Your Car Privately:
Don’t give out your personal information. Always meet in public places like store parking lots with video surveillance cameras.
👉 Avoid Getting Scammed: Safe Forms of Payment
✔ How Scammers Fake Payments:
Cash could be counterfeit. A personal check could bounce. A cashier’s check can be faked. A wire transfer may never materialize.
✔ How to Avoid Scams with Safe Ways to Accept Payments:
Have buyers meet you at your bank to make payment and never give your car to the buyer until payment has fully cleared.
👉 Avoid Fraud Claims After Selling
✔ Your Liability When Selling “As-is”:
Even though you’re selling “as is,” a disgruntled buyer could still sue you if there’s something wrong with the car.
✔ How to Avoid a Fraud Claim:
Be honest about anything wrong with the car or repairs you know need to be done and disclose those in the Bill of Sale.
👉 Avoid Post-Sale Liabilities by Completing Change of Ownership
✔ What Happens After Selling Could Still be Your Headache:
Until the buyer registers the car they bought from you, it’s still yours, and you could be held liable for any crimes committed using your car.
✔ How to Avoid Post-Sale Liabilities - Change of Ownership:
Find out if your state has a “release of liability” form to protect you or go to the DMV with the buyer to do all the proper paperwork.
👉 Avoid the Time, Stress and Hassles of Selling Your Car Privately
✔ Selling Your Car Privately Can be a Painful Process:
Doing it right takes a lot of legwork and can involve a lot of stress and hassle, not to mention the risk of being scammed.
✔ How to Avoid Wasted Time and Stress when Selling Your Car:
One way to avoid all that is by selling to a reputable car-buying service like Driveo, where you’ll get more than you would at a dealership.
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