Tips for selling of your used Car
Dear visitor, selling of your car yourself is more interesting and beneficial compared to selling your car through a dealer or broker or a middleman. Online resources is the best method to sell your car as you reach more buyers for less cost compared to a traditional printed classified listing.
Basic Preparation for selling of your car:
- Increase you profit by Keeping away dealer or broker in selling process as dealer reduced your profit.
- Ready all papers of your car. “All” means all of them - maintenance bills, service records, warranty receipts for tires, batteries etc. Well-maintained records will command a premium. They show that you care for your car.
- Clean your car thoroughly and consider taking care of minor maintenance issues. Do every possible thing to improve your car's appearance by washing, waxing, polishing, replace of fused bulb and indicator including top up all fluids.
Where & how should I advertise?
It is best option to advertise your car on carmarketindia.com as carmarketindia.com provide you both type of advertising online and newspaper advertising in single payment. Your car will stay on car market India.com until it is sold. You get more space to show off your car.
Tips to sell your car quickly:
- Upload good qualities photo of your car. You can use your mobile camera also to click the pictures. Photograph your car should be taken in daylight.
- Give as many details as possible about your car. This will attract the right buyers and help you sell fast.
- Specify extra fittings like alloy wheels, leather upholstery, CD-changer, music system, new tires, available services, warranties, etc.
- Remember all the figures that you have mentioned on site or make a note of them on a piece of paper as prospective buyer will call to you and will put up many questions.
- Get ready to receive the inquiries
- Show your car to the interested buyer at your house or well populated well-lit area.
- Check all the credential of the buyer.
- Check the buyer’s driving license and then let him drive, and don’t let the buyer take your car for a test drive without you.
- Negotiate the price, don't allow too much bargaining and don't show desperation to sell. Give it a little attention and leave it for the buyer to decide.
- Ask for a deposit if buyer wants you to reserve the car, and specify the time after which his deposit will lapse.
Sales Formalities
Accept the payment either in cash or a demand draft. In case of cheque payments, don't transfer the documents till the time the cheque is realized. If the buyer is arranging for a loan, take help of finance company's DSA, who will guide you through all the paperwork. Whenever payment is received proceed to next step transfer of ownership.
Transferring ownership:
The original owner (Transferor) who is selling the car must inform the RTO with which the car was registered about this transfer, by sending a letter with information about the new owner (Transferee) within a period of 14 days. In case the new owner falls in jurisdiction of another RTO, then the owner has to inform this RTO by sending a similar letter. .
Documents to be submitted to the RTO office
- Form "TCA" - Intimation of transfer by Transferee (Buyer)
- Form "TCR" - Intimation of transfer by Transferor (Seller)
- Form No.29 - Notice of transfer of ownership of vehicle. This form is used to notify the RTO 'transfer of ownership' of the car and to obtain confirmation from the RTO.
- Form No.30 - Report of transfer of ownership of vehicle.
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