How to Avoid Scams When Selling Your Car
In the good old days, selling your car was easy. All you had to do to sell your car was take out an advertisement in the classified section of the newspaper. A time was then set for fielding phone calls and arranging test drives for your used car for sale and the happy moment arrived when you were handed the hand-written check as payment, and then the new owner drove off with his ‘new’ car.
Once upon a time, it was not difficult at all to sell your car. In fact, it was something that did not require much of an effort at all. Now, we’ve been led from printed ads to online ads, thereby replacing phone calls with text messages and the saddest part is the fake check that is sometimes handed over to you when you sell your car.
A CNN news story revealed that most private-party used-car deals go through without a hitch. However, mishaps have been reported where scam artists have bilked the seller out of thousands of dollars. Unfortunately, this sometimes happens to hard-working, decent people.
First things first, if you are going to sell your car, make sure to get the buyer’s check cleared with the cash sitting in your bank account before you transfer complete ownership. If you don’t question the buyer regarding check clearance, you will be responsible for any balance owned on it, and sadly, without your car.
Here’s a solution…
You certainly don’t want to end up being a victim of a scam artist. After all, you’re selling your car to make a profit, not to create an unwanted loss. Don’t be a victim!
- Trade in your car at a reputable dealership.
- If you’re selling your car by yourself, demand cash or a cashier’s check.
- Verify the check with the issuing bank.
It’s always worth a little risk to sell your car on your own. After all, you will get most value out of it. However, always keep these points in mind. If you are looking for a reliable, dependable dealership, then contact CarMarshal.com today!