If you’re selling your car, be protective of both your time and your money. Here are some things to consider about selling your car that may save you hours and dollars:
1. Is it safe to drive? Really? For moral as well as practical reasons, don’t try to sell a death trap as a serviceable vehicle. If your car isn’t safe to drive, advertise it as such. It might make a good project or parts car for someone who knows what they’re doing. Trying to sell a car that isn’t safe to drive is not only irresponsible, but it’s usually a waste of time and energy. When a legitimate buyer looks at your car, you don’t want to turn them off and drive them away by misrepresenting the car or asking too much.
2. Is there a warranty left on it? Several manufacturers have been offering compartmentalized warranties. They provide 3 years “bumper to bumper” coverage, but 5 years or more on what they call the “powertrain”. Maybe you purchased or were provided an extended warranty. If there is any warranty coverage left, you need to find out if you can transfer it to a new owner. This will help you to sell the car, and sell it for more.
3. Is it more valuable as a trade-in? If you are selling your car, you are probably planning to replace it, perhaps with a car dealer. Trading your car in to a dealer may not yield absolute top dollar, but it does prevent you from having to spend time and money in selling it yourself. Depending on where you live, there may also be tax benefits to trading the old car in.
4. Is it wiser just to keep it? Some people will look at your car and see only the potential for problems. They don’t know the history, and aren’t sure they want to roll the dice on a vehicle that you have decided that you don’t want anymore. As a result, you may not get much interest at the price you want. If so, think carefully about how much value the car really has to you. Consider keeping it, especially if you have kids that will need a car soon, or you aren’t looking forward to putting your new car through the winter.
5. Does it make sense to donate it? There are times when charitable organizations are more interested in your car than anyone else. This particularly true of older model cars and cars that need work. At the very least, give them a call. The National Kidney Foundation run one of the most famous programs for this. Run a Google search to find the office closest to you.
6. Invest in a Carfax report. Having it on hand will show any prospective buyer that you’re interested in dealing honestly, and prevent you from being surprised or embarrassed in case they run one themselves and start asking questions about it. The additional bonus here is that if you’re buying a used car to replace the one you’re selling, you can buy an “unlimited reports” option from Carfax that will allow you to research the cars you’re looking at as well as the one you’re selling, all for the same price.
Whatever you do, remember the value of your own time. You may be able to make more money, but you’ll never be able to create more time. Good luck!



















