Buying & Selling Used Vehicles
For Consumers
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Canadian Consumers frequently ask us "how
do I sell my car online?", so we decided to setup
this page of helpful tips. If you are buying or selling
a new or used vehicle MotoSeller.com's advertising network
can help! If you're selling a car, truck, motorcycle, boat,
RV, ATV, classic or old car, aircraft or heavy equipment
we have a specialized category for you. We feel our affordable
advertising, extensive Internet reach and helpful tips will
make your next sale or purchase an easy one :-) If you are
a Dealer click
here!
Selling Tips
If you wish to advertise
your vehicle for sale on MotoSeller.com we have a number
of tips you should put to practice in order to get a quick
sale and maximum value out of your vehicle. Buyers start
your search here!
1.
Signs & Flyers
If
anything, you'll want to put a "For
Sale Sign" for your vehicle's window! You
can buy these from a local store or if you already have
an ad listed with us you can create a custom For Sale sign
free of charge from within your account. Remember
to park your vehicle in a high people traffic area (like
near a shopping mall entrance) to get the most inquires.

You can also do the same to create a custom "For
Sale Flyer" to display in local grocery
stores, community & recreation centers, golf courses,
churches, college campuses... anywhere you might find an
announcement or bulletin board that allows advertising!
Auto For Sale Signs & Flyers are free to all sellers
using our network. Sell
Your Vehicle Today!

Buyers
who see it can go to the website and view the details of
your vehicle 24/7! Remember to park your vehicle in a
high people traffic area (like near a shopping mall entrance)
to get the most inquires. Buyers can "tear off"
you contact info.
2.
Use A Photo
A
good photo can improve response by 150% or more! Take one
with a digital camera or ask your local photo finishing
shop to make a few jpeg's (from a hard copy) for you on
a disk or cd. From within your account you can add up to
15 photos plus descriptions anytime. Be sure to take trunk
and engine shots, it's also best to come clean with closeup
shots of any damaged areas.
3.
Set The Right Price
You
know how much you want for your vehicle, but do you know
how realistic that price really is? The Canadian used car
price? Find out what your car is really worth using »
The Kelley
Blue Book (US). Check the price of used vehicles in
your area with »
Edmunds
True Market Value (US) finder. Find the trade-in value
and suggested retail price at the
» IntelliChoice
CarCenter (US) or finally »
search through our website
for vehicles matching yours and see what others are asking.
For
most Canadian's using the above means you have to do the
US exchange rate to guesstimate the value of the Canadian
used car price or you could compare Canadian Black Book
pricing. Our friends at GM Canada have direct access to
appraised
used car values right here. These
links launch a new window which originates from www.canadianblackbook.com.
State
in your description that the price is OBO (or best offer)
- this might convince buyers to call or email you if the
price is close to their budget. This will also give you
the opportunity to justify the price and negotiate the sale.
4.
Disclose Vehicle History
Show
potential buyers you are trustworthy and put their mind
at ease by giving them a »
Canadian
CarProof Vehicle History Report or a »
Carfax
Vehicle History Report on your vehicle. Prove to them
that you and your vehicle have nothing to hide!
In
Ontario, for example, you will need to know "what
paperwork do I have to complete if I want to sell my used
vehicle privately?"
Private sellers of motor
vehicles are legally obliged to provide buyers with a Used
Vehicle Information Package (UVIP). This package contains
the vehicle's registration history in Ontario, vehicle lien
information (i.e. whether there were any outstanding debts
on the vehicle in Ontario up until two business days before
the UVIP was purchased), average wholesale value on which
the minimum tax owed is based and other information dealing
with vehicle safety standards, retail sales tax and forms
for an affidavit and bill of sale.
The Used Vehicle Information
Package costs $20. It is available from all Ministry
of Transportation Driver and Vehicle Licence Issuing Offices.
It is also available by calling the Ministry of Consumer
and Business Services, Personal Property Security Registration
Branch, which enables consumers to use their VISA or MasterCard
to order the package. From the Toronto area, call (416)
325-8847; from elsewhere in the province, use our toll-free
line -- 1-800-267-8847. There is also a TTY number, 416-326-8866,
for the speech/hearing impaired.
For more information on
Buying,
Selling or Transferring Used Vehicles, to order a
Used Vehicle Information Package (UVIP), or for a copy
of the brochure Buying
and Selling a Used Vehicle in Ontario (*pdf), visit
the Ministry of Transportation website at www.mto.gov.on.ca
*Ontario
information from cbs.gov.on.ca
Always check
your local Provincial website for similar regulations.
3.
Lemon Check
Determine
if your car has a lemon
classification. If it has favorable ratings, then prove
it to potential buyers. This service has become the defacto
standard in doing a quick check on a used car »
Carfax
Lemon Check! or »
CarProof
vehicle history report!
5. Good Presentation
Perceived
value goes a long way! Tidy up your car before you sell
it. First impressions are everything!
Wash the entire body, clean the windows and give it a good
wax job. Clean ash trays and throw out garbage, vacuum &
air freshen the inside & trunk, shine the rims, hub
caps and tires to a blinding glow.
6.
Extended Advertising
Even
though you want to sell your car online, another effective
option is to use your MotoSeller.com
Ad No. to market your vehicle beyond our website.
Buyers can be pulled to your online ad from other online
classifieds, as well as from traditional advertising like
in your local newspaper. Hold your description to a minimum
while leading buyers to more descriptive online details
and photos. You can measure your success by the number of
page views your ad receives.
Newspaper
Example:
"99
Ford Explorer, Exc Cond.
$19k/obo. Call 555-5555 or
MotoSeller.com # 55555
When
logged in use our metrics to see the number of times someone
has replied to your ad, the number of times someone has
viewed your ad and the number of times someone "told
a friend" about your ad.
7.
Maximizing Inquiries
As
mentioned above, when you view your ad detail page, or log
into your account we show you the number of ad
views your ad has received since posted. This
information can be used by you to decide what changes might
be useful. For example, if the ad views show that a lot
of people have been looking at your ad, but you're not getting
enough inquiries, maybe you need to add a photo
or the current photo needs to be replaced with a better
one, or maybe you need to adjust the asking price
slightly - check the selling
price in your area (US only) and/or appraised
used car values right here. If the ad views are low
you may need to change your headline to attract more clickthroughs!
7.
Showing The Vehicle
If you try to sell used car online you'll still need to
show the vehicle. Meet in an agreed upon public
area and try to take someone with you. Safety
in numbers. Be honest with potential buyers about any serious
problems or repairs. Produce a
vehicle history report or show your regular maintenance
records. If your buyer wants to take a test drive, make
sure he/she has a valid drivers
license and proof of insurance. Dress respectably.
If you dont appear to take good care of yourself,
your buyer may feel that is how you treated your car as
well!
8.
Closing The Sale
Write
a receipt for you and
your buyer with signatures on both copies. Include a statement
that the car is being bought "as
is". Include all pertinent info on the receipt
so the terms of the deal cannot be misinterpreted. Keep
the receipt for your records. It will establish the date
of sale and help protect you from any future liability.
Accept only a certified check or
money order and then sign the title over to the
buyer. Check with your provinces DMV to ensure youve
complied with all the laws.
Buying Tips
1.
Lemon Check
Determine
if the seller's car has lemon
classification. This service has become the defacto standard
in doing a quick check on a used car before you buy
»
Carfax
Lemon Check!
2.
Vehicle History
Put
your mind at ease. Order a »
Canadian
CarProof Vehicle History Report or a »
Carfax
Vehicle History Report... your best protection against
buying a used car with costly, hidden problems. (only needed
if seller does not provide this for you)
3.
Do Some Research
You
know how much you want to spend on a vehicle, but do you
know how realistic that "deal" really is? The
Canadian used car price? Find out what a car is really worth
using »
The Kelley
Blue Book (US). Check the price of that used vehicle
in your area with »
Edmunds
True Market Value (US) finder. Find the trade-in value
and suggested retail price at the »
IntelliChoice
CarCenter (US)or finally »
search
through our website and see what sellers are asking
for similar vehicles.
For
most Canadian's using the above means you have to do the
US exchange rate to guesstimate the value of the Canadian
used car price or you could compare Canadian Black Book
pricing. Our friends at GM Canada have direct access to
appraised
used car values right here. These
links launch a new window which originates from www.canadianblackbook.com.
When you purchase a vehicle, you should expect pricing a
little over what you find in the Canadian Black Book, as
prices for vehicles being sold are usually be a bit higher.
4.
The Test Drive
If you try to buy a used car online you'll still need to
see the vehicle. Meet in an agreed upon public
area and try to take someone with you. Safety
in numbers. Ask the seller about any serious problems or
repairs. Ask for a car
fax vehicle history report or Canadian
CarProof Vehicle History Report (or get one yourself
if you know their VIN). Ask them to show you their maintenance
records. Bring a valid drivers
license and proof of insurance.
5.
Closing The Sale
Make
sure the seller writes a receipt
for both of you with signatures on both copies. The seller
will likely include a statement that the car is being bought
"as is" so
make sure you are comfortable with this. Ask to have all
the pertinent information on the receipt so the terms of
the deal cannot be misinterpreted. Keep the receipt for
your records. Be prepared to supply a certified
check or money order and then ask the seller
to sign the title over to you. Check with your provinces
DMV to ensure youve complied with all the laws.
Avoiding Scams
Car, truck, boat and motorcycle buyers
& sellers, particularly those in the market for used
vehicles, have flocked to the Internet in recent years to
search for killer deals on pre-owned wheels.
Market Research estimates that nearly 30 percent of the
42.6 million used cars that changed hands in the North America
last year were bought using the Internet.
As most of us know, used-car buying is
a business that has traditionally created a bad name for
itself. But while consumers and ethical auto dealers have
benefited greatly from the Internet, so too have crooked
buyers & sellers. As such, you need to be aware of potential
scams. Here are some of the most common ones directed toward
buyers & sellers online:
Certified Check Scams - This scam
is often perpetrated on sellers of used cars over the Internet
thorough classified ads and auctions. A buyer indicates
that he wants to buy the car and pay with a cashier's check.
At the last minute, the buyer creates a reason why he needs
to write the check for more money and have the seller wire
him the difference. The check turns out to be a fake, but
it is often discovered long after the seller has wired the
money. In addition, the seller is responsible for covering
the money for the fake check. To avoid check scams, call
the issuing bank before you accept the check and wait for
the check to clear before you transfer the car into the
buyer's name.
Bogus Escrow Services - Online
vehicle sellers often use escrow services, which collect
and verify payment from a buyer. The money is held by the
service until all parties are satisfied with the sale. There
have been some instances of phony escrow services operating
on the Internet. Make the transaction through a reputable
third party escrow service, perhaps an escrow account with
a law firm of your choice or www.escrow.com.
Some Fraud sites often claim they are recommended by eBay,
eBay Motors, or Yahoo! Auctions. You may see the list of
sites eBay actually recommends by clicking
here. Make sure you check out an escrow service with
SOS4Auctions.com
or escrowfraud.com.
They catalog the good and bad services.
The best way to avoid most scams is to
make sure you never transfer ownership of your vehicle until
you have the cash in your hand. That means, you either get
cash from the buyer or wait for the cashier's check to clear.
Avoid buyers who will never meet you or never wish to see
the vehicle in person (overseas). Avoid taking personal
checks and allowing buyers to pay the car off over time.
If buying, always verify the seller actually has/owns the
item for sale and meet them face-to-face to view the vehicle
. If you follow these few precautions, your buying and selling
experience should go smoothly. More
on scams and safety...
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