Car Cash: Practical Tips for Converting Your Car to Cash

2007-03-08 10:33:40

( Insurance )



A higher amount of car cash can be obtained by selling your car at the right time. If possible, avoid selling your car before or after Christmas. This is a period where people have very little money left from their income due to buying Christmas presents.

It is sometimes better to show your car on a weekday, as people do not have the time to see other cars on weekdays, and so the buyer remembers the vehicle easily.

You have to be aware of the current car market trends to be able to sell your car at the right price. Look through newspaper ads to check the fair market value of your car. When pricing your car, offer a higher price than what you want to sell it for in order to provide for a leeway when buyers negotiate for a lower price.

You should have your car checked for any repairs that need to be made, have it repainted, detailed, waxed, deodorized and cleaned in order to make the car presentable. Any dents should also be repaired. If you are unable to make repairs to your car, you should be prepared to receive a lower car cash value for it.

You must be ready to show your car’s maintenance records, and a certification from a mechanic that your car is in good running condition. Be prepared to take the buyer on a test drive, answer questions on the history and performance of the car and at times expect that the buyer bring your car to a mechanic to check its engine.

You must advertise your car in order to get cash for your car. There are different ways to go about this: placing online ads on particular vehicle for sale websites, placing ads on daily newspapers, community, office and student billboards, by informing your family, friends and colleagues, and placing a “for sale” sign on the vehicle itself. You should be ready to answer numerous phone calls from people who respond to your ad.

Once your car is sold and you have obtained the car cash, ensure that you cancel the insurance policy on your car, check with your state as to the laws on selling second hand cars and limit your liability. This can be done by taking note of the car’s odometer record and including this on the vehicle’s title and of course, providing the vehicle’s title to the new owner. A release of liability form should also be given to the new owner so you are not made liable for any damages, should the car be damaged due to any accidents caused by the new owner.

In most states, signing a release of liability form also means that the vehicle is sold “as is”. Any damages found thereafter will then be the responsibility of the new owner.


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