selling car - advice?
 

Hi,

I'm just about to sell my car for the first time ever,so would appreciate some advice on how to go about it (protection from theft, scamming etc)

Where should I meet? Is it OK to come to my house, or visit theirs? Obviously Watford Gap services is a no no :)

Can I let buyers drive my car (I'd be in it of course) - whats the insurance situation?

How about payment? Is it generally accepted that when they pay me, I still keep the car until payment clears? I can understand from a seller point of view, but isn't it odd to pay for something and not get it? (I've never bought privately either...)

Thanks for any advice you can offer! :D

Never meet them anywhere apart from home.

Always have a mate with you (bigger the better)

unless they can prove they are insured fully comp do not
under any circumstances let them drive your car.

If you take them out in it take your mate with you.

Unless they pay cash do not release the vehicle until the funds have cleared
no matter how honest or plausable they seem.

Anyone who rings you offering to sell your car for you are often on the make
tell F.r.o. (F*** right off)

Cant think of any more.


Carl

Even if they have fully comp insurance, i am pretty sure that on any other car they will only be covered TPFT.

Do a proper receipt with all the details on there.

Wait for the funds to clear.

do the V5 document with his license details, signature, etc.

Thanks.

I guess keep the V5 etc separate from the car. Do I do the V5 at point of sale, or only after funds clearing?

My insurance said I can put him on mine for one day for a small amount. Is that fine, or should a buyer be fine with me driving?

Only do the V5 once the funds clear, this is the last step just before you hand the keys over. You keep section 1-5 of the V5 and give 6-10 to the buyer.

Regarding insurance - this is really your call. At the end of the day, if it is a serious buyer, then call your insurance company on the day and get him insured. If he is simply a canvasser or a dreamer and you really want to go out on a testdrive, then your drive the car.

I personally wont and havent allowed anyone drive my cars apart from the very serious buyers - and a serious buyer would appreciate that.