How to sell a car that needs work reddit

A lot of the valuation tools (KBB, etc. Call your bank/credit union, tell them you want to sell privately and let them tell you the most expeditious manner to get There needs to be some balance between the two. Step 1: do research. Just put it on Craigslist at like 2/3 blue book and be upfront about the title. I sell 14 cars, and three of them have better commissions than minimum. When the vehicle is picked up, we send the payoff to your lienholder and they'll send us the title, which we then reassign to your buyer. " List the issues you've spent money on fixing. Once you sell the car, you fill out a Notice of Sale or Transfer of a People often say if the repair costs more than the vehicle is worth don't do the repair. You might be able to put a motor in it cheap. Starting issues can indicate either battery being too weak ($50-100 fix) or the ignition system ($500). It's a Subaru, so you're dealing with Subaru buyers. An old stick shift Civic that still runs good is probably cheaper than the repair on the Subaru. set up an appointment. • 10 yr. I average 14. So if you bring the balance down to $12,000 then you will only be accruing like $5 per day in interest. (Plus) Sales tax. Appraise it at carvana without mentioning the transmission and run away with the check as fast as you can. Don’t have to bring cash if you don’t want to, can always tell him you’ll be back in an hour with cash. tharussianphil. Sold the other one to Carvana and the test drive consisted of backing it out of my driveway and loading it onto their carrier. Buying a wrecked car to part out might be a good idea if you can find one not to rebuild but to part out parts are very valuable especially engines . 16-20 depending on size of the deal. Save more when you trade-in the car you have for the car you want. You wan the outside buffed to perfection. sellbuydrive. e. Improving the bodywork of newer and higher-end used cars may increase their market value drastically. And body panels that are in good condition, interior etc. What a broker is getting you is an easy transaction without the hassle of trying to locate/negotiate a car deal. They are 3/4 of the time cars with major issues that any trained technician would never have cleared for sale (the last one came in with a quart of oil left in the oil pan and the other 4 quarts all over the underside of the car from a major leak, they had takes delivery 8 days earlier so they missed the Part it out. Award. Bill of sale , Pink slip or whatever the color your state uses (title ) fill out the backside of it with odometer reading and both signatures might also be on bill of sale . 9. Really have no idea what an econobox like that goes for but that sounds high for one with a salvage title. If you're selling it to a dealership as an outright purchase, you won't have to provide anything but your keys, your title, and your signature. If the dealer's offer is close to the calculated number you got, then you're in good shape. I actually plan on buying a wrecked tsx and parting it out so I could learn how to work on a car and make a profit. Anyway, here's what you'll need to have in order to get this done: A certificate of non-operation (fill out the part promising you didn't drive the car while it was on PNO) Get insurance back on your car and get a proof of insurance doc. •. Consider bit of bodywork or repair to increase a car’s value. The big restoration jobs aren't usually much better. If it was a certified used vehicle from the manufacturer, then there's usually stipulation that the tires and brakes have to have at least 50% life remaining on them. Another alternative is to sell it to a in my most recent used car sale, i used carvana because its just easier and they DGAF about the condition. But there are no surveys or manufacturer training to worry about. Detailing involves shampooing the carpet and making everything inside shine. Lawyer said we could proceed with quiet title action, but that costs $1500-$2500 per car and the vehicles aren’t worth that. Remember to factor in sales tax, new insurance premiums, registration fees, etc. Possible to sell car without a title? Long story short, my grandfather passed away and we found his vehicles aren’t under his name- they’re under his businesses name- which died with him and isn’t a business entity. KBB and Edmunds are giving me super low trade in value. DyllanMurphy. That's $60k/year, or about $30/hour. Instruct the bank to mail the title to the buyer. Example: i have a 2004 A6 avant V6 TDI. You could even get their bank to issue you straight cash - 100 dollar bills take up a small amount of room; $50k will fit into a smallish envelope. You can be a little lenient if it's under 60 degrees or so, since cold starts can be tricky even for new cars. also both signatures are needed on the title on the frontside . Please review our most Frequently Asked Questions to see if your question has already been answered. LouieCypher. Costs about $100, and they will clean the crap out of your car, and do a much better job than you can. You can't actually transfer ownership to the dealer until the loan is paid off, so the dealer effectively fronts that $16,000 to the lender. Step 3: call/submit online to dealership. The car has 160,000 miles on it and only normal wear and tear, nothing major. Transmission won't change much for a safety inspection. But if you "need" this newer car soon, again depending on where you live, I would consider a personal loan in the range of 7 I usually advise people to go buy a Toyota if i know they can't do work on their cars themselves. I also wouldn’t be looking for a police interceptor because of the engine idle time probably being super high, from its government service period, but that’s a separate thing and nothing to do with your ownership. You will probably have to go lower, since someone has to sink at least that much into it. However, according to my mechanic, it needs $2200 of repairs (struts/shocks + some related damage, if that’s helpful). Also, it's more difficult to sell a car for market value when it needs an expensive repair, even if that repair isn't critical. Edit: Relisted and back at $499, please only bid if you're serious. Make sure you have your ID. This is a mistake. It doesn't sound like this is the case for you. when coming up with that second figure. Protip: Maaco is never a good idea. com) to get the price with options and mileage. You can get a working car for $1500 or for $<cost of buying a new car>, take your pick. The tranny can be totally fucked so long as the mounts are proper and there isn't a leak. Specifically, do dealerships do the following before selling a car, especially an older one (10+ years/ 100k+ miles): - Change the oil/oil filter. Get Your Paperwork in Order. I put in my paperwork that it has engine issues and the check engine light is on. Get it fixed, then sell it if you want the most money. With new cars, especially the ones I sell, customers are very picky about colors and sometimes even features. Moreover, you need the title to transfer ownership to the buyer. Be prepared to sell your car on the spot if the buyer wants to complete the sale. $20k is $581 or $781 with ins. You've got gap insurance. They appraised my car $12500– which seems to be a very generous appraisal, however I declined due to wanting to sell the car privately. Reply. com) or NADA ( NADA. Make sure you sell "as is", and this is written up. jwhoopi. Johnny116706. 3. Webuy is a good place to get an idea of price then go on autotrader and you can ask for a couple more grand. When discussing ball park numbers on the new 18 gt premium, which had an MSRP of around $45,000 4. Test drive sometimes is alone, sometimes with the person- it Waiting for your title and license plate to show up is the easiest. 1:People are going to try to run it down and talk crap about the car don't pay attention they're trying to drive you down it's what every salesman does. Its relatively easy to sell a $5,000 car privately. When selling, simply list it as being "Sold As Seen" with a lower price. 5. If none of that then take pictures one for every side of the car, and a couple inside the car, and one of the engine, no-one needs to see 4 pictures of 4 tyres, and 7 pictures of the front at slightly different angles. Toyota is a reputable brand, and hybrid is desirable, also consider the cost of used vehicles now. The first is selling your old car to the dealer. Maybe tell him up front the most you are willing to pay is $7500, ‘IF the car checks out OK’. If you believe in your store and your managers, that confidence will help you get more customers excited and close more deals. JakeJ0693 • • 4 yr. Anyway I then got an alignment and everything should have been fixed, but it still rumbles/shakes while speeding up on the highway (once I get to about 70 mph and the car is warm, then the shaking stops) and it went If $1000 worth of repairs make the car run for 2 months you saved $200. Eg, $2500 remaining on the loan and. And if you can fix your credit, you can probably get like a 5% Also, used car customers like to pick apart every bit of wear and tear, every scratch, every smell, and then try to use that to negotiate. You probably could have gotten the exact same deal or possibly better (bc of broker fees paid to the broker by the dealership and by you to the broker for using their services) on your own if you don’t mind Hello, I've never sold a car before and I'm having a hard time finding a clear answer on what paperwork is needed. Clean CARFAX. Bring paperwork. It’s nice to have the option for one of us to take each kid. It was funny to see it over $100k, but I'm sure they really wanna sell it. For our personal situation, a pretty cheap luxury, but certainly not a necessity. 2L Ti-VCT V8 RWD Odometer is 21407 miles below market average! Manual transmission with under 6,600 miles. NOTE: Try to do things the "regular" way. If you owe in it, know your loan info and estimated pay off. Bring a friend, bring a mechanic, drive it to a mechanic on your test drive. gsasquatch. It’s only 8 hours to do an engine in a 4 cyl ranger, it’s 24 hours in a Infiniti Q60. There's very little that isn't covered by that warranty. Little more hassle that a deal where you have the title in hand but it’s done all the time. $30k is $872 or $1072 with ins. As far as monthly payments, I did it right after my monthly went through to give Carvana a little bit of time to pay it off. They'll give you their steps to get it cleared up. I'm planning on selling my 2015 Subaru Forester. $15k for 3 years at 3% is $436. Fix your car now, and save money. The decision to augment a vehicle before selling depends on many factors. you send payoff check to whoever carries your car loan. And the title needs to be signed. Second, you trade the car into a dealer you will be buying a car from, be it used or new. joblo619. You both sign a copy of the document which acts as proof of sale, proof of purchase. I was going to sell it as-is, and then this past week it broke down on me requiring about $900 in essential repairs and $1100 in highly recommended repairs to run safely. Assuming you own the car outright, you’ll need to have the title in hand to prove you own the vehicle. If it has a major mechanical malfunction list it as a "mechanics special" and just sell it. Let's be modest and call each car $65. The correct position is: If the cost of a vehicle that is equivalent to the one you have after the repair is greater than the cost of the repair - do the repair. If the car is in good shape, it's totally flippable for someone with the necessary resources. Technically, the seller is also responsible for the smog certificate (assuming it's not an electric car). To close a sale on a damaged car effectively, you should take the following steps: Remove all personal belongings left in the vehicle. If the car is totaled, you have no problem, no debt and no car. The industry relies on selling used cars and trade-ins because that's where most of the money is made, not so much on new cars where competition among dealers is fierce and costumers arm themselves with research. Decide whether the number is acceptable or if it's worth getting the repairs done. Can anyone help please? It is a 7-year old hybrid. 6) Now you wanna take the car out for a test drive. I'd either sell it as is to buy another car or find a shade tree mechanic to fix it. Find the title to your vehicle. specialk0455. Give your car a good detail, wash, wax, interior and get it looking shiny that’s easy a couple 100 quid added to value. They’ll verify and pay it off giving you the balance. $35k is $1017 or $1217 with ins. Photograph your car parked Those companies wouldn’t touch it with a bargepole. They need to see your ID to give you the check/pick up the car. The sale: go to their bank together. Get a quote from a mechanic for how much it would take to repair your vehicle. Sign over title on the spot and give it to the buyer. I don’t want to be dishonest, but it seems counterintuitive to post a car on Craigslist for $500 Last week, I went to a local dealership to test drive the new 18 gt premium and to get an appraisal for my car. Nov 1, 2008 · Use a pricing service like Kelly Blue Book ( kbb. In general, though, your buyer would have to pay your lien holder, and then pay you the difference. e. Then either shop around for the parts at a auto zone or online, and take the mechanic the parts and ask for a new quote for the labor only. I think 6k for the work, that leaves 10k profit, if the Its devious to just dump a problem in someone else lap. Making the repair is almost certainly the better option. Try not to have a confusing situation where you need to talk to someone. Get a cash offer in under two minutes & get your car picked up from your driveway as soon as the same day. At $480 I would would need 17. So if you can go earn $40,000 a year, you can get this car paid off in just about 6 months. I would say it's more difficult to sell a car privately as the price goes up, but it is nowhere near impossible. Buying a car when you have a trade in can be treated (and negotiated) as two separate transactions. Many times, drastically different. ago • Edited 2 yr. So I’ve been thinking of selling my 2007 car with about 170k miles. Take buyer to DMV and pay the fee to have a new copy of the title printed. When 5 dealers in the area tells you it's a 2yr waitlist for a sienna. I have no money and therefore cannot afford a new or used engine. If the buyer produces a screenshot of 2. Doesn’t mean it’s true. Good cars, but expensive to fix and hard to fix on your own. FYI - What the car is worth and what they will sell it for at auction will be different. You deposit it with online check deposit. • 3 yr. It had hit a curb and somehow the tire/axle was totally bent inward. Give buyer bill of sale and sign a release of liability, and have buyer pay you the remaining balance. you sell car to buyer, get it all notarized in case anything goes wrong with the deal. Jun 12, 2024 · The remaining ways are as follows. you send title to buyer, they get permanent plates. 2. Google a simple bill of sale stating the car is being sold as is where is with no warranty written or expressed, print two copies, both of you sign it. At the dealer I worked at, if you sold 10 cars chances are you were going to make 8k+ for the month. Call your lien holder. I guess. I used it as a work vehicle, so it's been hauling stuff, is dirty inside (though outside it's nice). g You have a car that needs a new engine and the engine will cost you $5k. PROTIP- just because the seller says it’s in high demand and has two others coming. • 6 yr. The car's value is irrelevant. Make sure the VIN on the title matches the vehicle VIN and you’re golden. lender sends you the title. That's where the profit Jul 19, 2022 · 4. Let's assume I have a slightly better month and give those numbers a few tweaks. verdegrrl. It really depends on what is wrong with it. ) are designed in favor of the the traditional retail car industry. I know I need to fill out the title--I understand the title stuff. Schtev3. If your management sucks your payplan, and schedule will in turn, suck. Simple answer: when you no longer need it. Friend needs a car badly so I offered to sell her my used car for $2000, which is about what I paid for it, but it is worth about $4000. Good schedule. My car breaking down meant missing class, missing work (thereby "losing" money and threatening my employment status), adding makeup work (or, heaven forbid, makeup lab work) to an already full schedule, and the cost of repairs. Create ads that sell. And last, a new option called instant cash offer (ICO). May 2, 2023 · 1. It is almost impossible to sell at $30,000 car privately. 22 +$200 for insurance, so the base level for a new new car without a trade in is about $600/month. But are you required to have a smog certificate? So basically I'm going to be selling my car and while driving with a friend he noted he was looking for a car. Acura received the check 5 days after Carvana picked up my car, and the loan was marked paid 8 days after pickup. Furthermore, don’t be afraid to count the cash either, right in front of the buyer is best or b) as a direct deposit into your bank account. I had my car towed to the shop after some engine problems and they said it has internal engine damage and I need a new engine. Etc. 2- Any problems that cannot be fixed should be pointed out to the potential buyer once you meet him or her. If your management is bad, a culture of bad behavior and customer service is inevitable. List the flaws, put it up for $3,500 and take the first offer that starts with “2”. So if I'm doing just enough to be safe, I'm making around $2-3k/mn. Get the low blue book value of the car, minus the amount of the engine quote you got from that, minus another 2 grand off that and what is left is in the ballpark of what your car is worth. You elect to keep the car, you get a check for $9600 and the car. Take the wheels off, stereo out and sell those on Craigslist or a automotive forum. - Thoroughly clean interior (beyond simply vacuuming Subtract the $3000 of repairs you say it needs. Tell the buyer he will get the title as soon as the bank clears your check and deposit the $$$ the buyer gives you in order to make sure the check goes through. Used engine for a ranger is like $500, used engine for a Subaru Tribeca with the H6 is like $4000. If you want bang for your buck, you need to swap it for something like a Honda Civic. You sign off on the title, give the buyer the title, the registration and the car. My buddy sold 30 cars once and made like 35k that month. If you factor that in you are saving more like $500. i was fine "giving up" potential profits instead of selling private party. Yes and no. See what the dealer will offer you on trade. Learn from it and good luck! At the end of the day, the number that matters is your out the door cost. However, it's important to do thorough research, inspect the vehicles carefully, and understand the auction process before making a purchase. Take it to a pretty area in your town with plenty of light. Run the number to figure out what OTD cost you’re comfortable with. Sell all those If the engine and gearbox are still in good condition you might be able to sell those to your mechanic After that junk the body for scrap. If you can walk, bike, or take public transportation everywhere you need to go, I would say you don't even need any car at this point. This is the easiest way to buy a car. And that is not even factoring in that new cars depreciate while older cars hit a value plateau and are not actively losing you money parked in the driveway. [deleted] Your best bet is finding barn find cars that need some basic work to get them on the road, make them run and drive, and make a few thousand in profit. Learn how to sell or trade in your car online by getting your car's value by its VIN number. I’m based in WA, selling a 2012 Camry SE with 168k miles and was offered $4,500 from a local dealership. find a car you like. It needs work, though, including brakes and tires. They usually sell at dealer auctions and the dealer isn't going to pay "retail" price, they need to make a profit. Used German cars are great if you are able to stuff yourself and how to get cheap parts. DCU gets the lien off the title or sends the release, you get the last Edit: It's an eBay auction and went over $100,000 Thanks, Reddit. If you sold the car and get a $7000 car, i. For Consumer Reports, you don't need to buy a new 2020 edition for used car recommendations. They will produce all and any documents needed for the transaction. Seller does not need to be there. If you are already in the states I do know in California. This will make your look ten times better, and bump the value up. With a broken transmission, it's worth maybe $1k. If you have a loan on it, go get a appraisal from CarMax. One thing to consider from potential buyers. • 2 yr. buyer uses bill of sale to get temp tags/plates. From the sounds of things though, they probably didn't know. Bill of sale. We were able to come to an agreement of price on the car ($3,500). Edit: relisted auction now at $3,200. You need to know for sure the buyer's name and their address and the odometer mileage. Craigslist and FB marketplace are good, so is eBay. I just purchased a new car because the pathfinder engine need some serious work. 5 right now and on track to make $80,000 this year. OP, my original offer stands. Hi, I’m selling my 2017 Nissan Pathfinder to Carvana. I've been friends with this individual for over 10 years. I’ve put a lot of money into this car already and it still needs work. It’s easy and all online. He turned on the car, drove it 30 ft in reverse and 30 ft forward, and that was that. 3: shoot high and let It sit if u have time someone will come for it , if not go mid range. Same, in the Southeast and Carvana was the highest. Yes, buying your car from a car auction can be a good option if you're looking for a wide selection of vehicles at competitive prices. You'll never get your money back if you fix it before trading unless it's something that makes the car unusable- and even then it's a dice roll. putting the cost of those repairs toward buying a new car there's no guarantee you're not going to still have a $2000 repair needed in the "new" car. Then subtract $2500 from the asking price and see if anyone will bite. Civic and accord including the Acura related cars like the integra rsx tsx and TL. - Change cabin/AC /air filters. They make a certified check out to you. Step 2: use a couple sources (KBB, Carfax, cargurus, whatever there's hundreds of sources out there for this) and determine what you are willing to pay. We'll also provide your buyer with a TweeViolet. You should get multiple quotes. Here's my suggestion. I don't want to ask the dealership to do anything that's beyond the standards of a reputable used car dealership. First, private party - meaning you sell it to a person or a car dealer without also buying a new car from that dealer. Over the summer I had quite a bit of work done on the car. i tried to do a carvana for this beater and they offered just $500. It also helps to be a little savy with tech. You can buy a 2018 book for $1 on-line shipped to your house and the used car recommendations are still valid. Remember to bring your car title and all the collected paperwork to the meeting, but keep it in a Animals and Pets Anime Art Cars and Motor Vehicles Crafts and DIY Culture, Race, and Ethnicity Ethics and Philosophy Fashion Food and Drink History Hobbies Law Learning and Education Military Movies Music Place Podcasts and Streamers Politics Programming Reading, Writing, and Literature Religion and Spirituality Science Tabletop Games Take your registration, title and go to the store. When it comes to repairs, body or mechanical, the dealership can ALWAYS get it done for a lot less money than you can. In two months. That's another $650. It sucks but it will get better. $25k is $727 or $927 with ins. Carvana you make an appointment - usually next day or so - and if you have the title you get paid. If they know the vehicle needs repairs for transmission, they do have to disclose it. private sellers/dealers are selling listing this for $3k (considered "good" deal by edmunds) all Some dealers focus on units and others focus on gross. 12. Entirely depends on availability of the used engine. 6a) Make sure the car starts without any issue. When selling a car privately, DO NOT hand over the keys until a) the full agreed price amount is cash in your hand. First step is to get it detailed. You can have a dealer look at it and pass that information along to CarMax's service center, but they will still need to do their own investigation. Don't pay with cash, etc. Fastest way to sell it is to use KBB or webuyanycar to get an instant cash offer for your vehicle. I work for a dealership and people bring in cars hey bought from carvana all the time. Don’t get FOMO because the private seller is desperate to sell. Priced out at $51,998 and located in Idaho, the car is over $2,000 under the market average! Please ask any questions you may have, I'd be happy to answer! CarMax is not only willing, but obligated to repair issues within the 90 day warranty at no cost to the customer. I don't think it's out of line to say that's a crazy wait. Then go return the plates. I've been through one, many moons ago. Appraisal is good for 7 days if you want to wait. Super easy. It’s a luxury. $3500 selling price, they call DCU and get the lien cleared. 1. I think it’s more trouble than it is worth. For older cars, it may not be significant. As you bring the balance down, you will bring down the amount of interest that builds. It will be like 30% below market price (so the buyer can make money) but if you want it sold quickly that's the best avenue. 6. Having your paperwork in order is one of the more critical things to do when selling your car privately. Good photos — lots of them — will build confidence in the buyer’s mind and make your car stand out from other used cars for sale by owner. Insurance company says it's salvage value is $2600. There's also a strange rattling noise -- but I think something is just loose after changing my battery a month ago. If necessary, order a copy from your state DMV. Labor also largely depends on the vehicle. It's almost always cheaper to repair your car than to buy a new one, so even if it's a $2k repair, it's still cheaper than buying a new one. The pickup person will really appreciate it. However the dealership arranges the numbers to get there is up to them. Get the payoff, send a check for the balance to the finance company, get a release of liability form, sell the car to buyer. Traded one car to the dealer who came close enough to the Carvana offer that the tax savings balanced out the lower offer. com ), Edmunds ( edmunds. Other dealers you’ll never make gross on the car but have big bonuses for hitting unit numbers like 15, 20, 25 cars. As someone who flips cars here's my advice. Check this info against the buyers license & take a picture of their license for your records. Make sure the buyer understands what this means. ( Your last valid registration or your last registration renewal notice. 3 cars a month to make $100,000. Just make sure your state doesn’t have requirements that it has to pass inspection as part of a sale. Waiting for weeks or months is reasonable, but for a mainstream vehicle that's not custom built, that kind of wait is ridiculous. you give buyer a bill of sale. I didn’t go into more details but I was honest on what I know and even marked it in fair care. When your auction ends, we'll collect the payoff amount from your lienholder, your buyer will pay the agreed sale price, and you would pay the underwater balance. I have another car and do not need to trade this one in to buy a new one. 1- have the car totally detailed inside and outside. Not advising anything, just saying. Edit: 150,000 now. If you insist on getting the work done, have them print you an invoice and tell them to underline the parts you need. WASH AND CLEAN THE CAR. He requested to pay in payments with $1,500 down at first and 500 each month till paid off (4 months). . 2:Be honest in the ad. It should contain the buyer name, your name, VIN number, buyer address, seller address, car details & sales price etc. We usually have one guy out of 10 hit it per year. To most people that means "There are problems, I don't want to fix them, hence the low price. If the number that is left is negative, then the cars is worth 100-300 scrap value. ago. If you can get the AC fixed and make it through the summer that will give you the 6-8 months, depending on your location, needed to save and sell before next winter. You’ll want to include: Purchase price (you can use MSRP here) (Minus) Trade Allowance. Even if you buy a rolling chassis muscle car for like $5k, spend $50k restoring it to factory specs, then you might sell the car for like $70k. If the vehicle is around 120k miles, you should be able to sell for 15k or more. • 4 yr. Step 4: show up, test drive car, make sure you If you are selling it privately, have the buyer come with you to your bank. Trade In and Save on Your Purchase. Don't state the issues the car is having, leave that to the buyer to figure out or answer honestly if asked (key point, only state During summers, I worked a full time and part time job on top of either taking class or studying/keeping up with my field. I bought a used Mazda for $5,000 based on Consumer Reports and drone it for 5 years with minimal repairs. Have them pay off your loan. Cost is minimal (both cars paid off, insurance for one car with two drivers is marginally less than two cars with the same two drivers, low mileage so maintenance is pretty minor). That's ($150×11)+ ($300×3)= $2550. jr jg yo kd hq ij wr ld fu rj