Tuesday, April 26, 2011

How to Sell Classic Automobiles

If you have a classic automobile that you no longer want to keep, you can sell the classic auto to another collector or enthusiast. Selling a classic auto does not differ much from selling a regular vehicle. The main difference is that classic autos typically are higher in value than regular cars. As a result, the differences in selling relate only to the value of the vehicle. Selling a classic auto is something that you can do on your own.

Instructions

    1

    Consult a professional classic car appraiser to get an appraisal on you classic auto before you attempt to sell it. This gives you a good idea of the worth of the vehicle. Make sure to get a written appraisal so that you can show it to any potential buyers.

    2

    Look at some popular classic car selling websites, such as Classic Cars and AutoTrader Classics (see Resource section), to see how other sellers are pricing similar classic autos. You can also look in your local newspaper's classified ads.

    3

    Create an account with an escrow service, such as Escrow.com (see Resource section), for accepting payment for your vehicle sale. Typically, there is no charge to create an escrow account, but there is a commission fee that ranges between one and four percent. Using escrow is a way to ensure payment, but it is not necessary.

    4

    Take good photos of the classic auto from a variety of angles so that it looks attractive to potential buyers.

    5

    Post an ad listing your car for sale in popular classic auto sales places, such as the Classic Cars and AutoTrader Classics websites (see Resource section). You can also post an ad in the local newspaper. Alternatively, you can take the car to the some classic auto shows and put a "for sale" sign on it. Prices for posting an ad vary.

    6

    Sign over the title to the new buyer only after you have received payment in full. If you are selling the car to someone that is a long distance away, have the buyer sign a document that states you are not liable for any damage done to the vehicle while it is in the care of a transport company.

1 comments:

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