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Best way to sell a junk car – All essentials

selling junk car for cash

There is no way that can be termed as best way to sell a junk car. You can only get lucky and get the best price for you old car if you decide to sell used car for cash. There are proven practices that are the best, but if you follow the below guidelines there will be minimal risk of getting cheated.

Guaranteeing safe transactions

Once you’ve done negotiating the price and sealed the deal with the buyer, you have to decide how they’ll pay the money to you. The following are the primary choices accessible to you, with a few hints to help guarantee safe transaction:

Cash in full

Be sure that you count the currency notes well before saying good bye to the buyer. If possible, it’s a smart thought to meet the buyer at your bank to take money, so you can deposit the cash instantly and the cashier will check if the notes are genuine.

Immediate bank transfer using the CHAPS framework

Keep ownership of your car until the money has been transferred. Remember with this mode of payment you will need to reveal your bank account details to the buyer.

Check or banker’s draft

Ensure you have proof of the buyer’s name and address – may be a duplicate of a utility bill. You can follow up if you don’t get money transferred in your bank account. Usually junk cars are bought by local junk car buyers. Hence the best way to sell a junk car is to make sure that the money is transferred in your bank account before you let go of the ownership of your car.

Paperwork essentials

Best way to sell junk cars

When you’ve been paid cash for used cars, you have to finish the essential paperwork. Below are some points that should be taken care of:

  • Make a receipt and make two duplicates – one for you and one for your buyer. It should incorporate the date, price, registration number, make and model, in addition to you and your buyer’s names and addresses.
  • Finish and sends the V5C to the DVLA. These are some essential papers that needs to be signed to officially transfer your used car to the buyer if you want to sell used car for cash.
  • Give the new proprietor the car’s manual, the keys (including all duplicates), the service record book in addition to any receipts you have, and the MOT certificate if the car is more than three years of age. In case you’re selling with a full service history, buyers additionally want to get the old MOT declarations and other support receipts.
  • Lastly, keep a different note of the buyer’s name and address.

There are various places where you will come across buyers ready to give you cash for used cars. But the best way to sell a junk car is to make sure that the above steps are followed and all the papers are kept safely. If you are still facing any difficulty to sell used car for cash, please feel free to visit 1888paycashforcars.com to get instant cash for your used car. It is just 3 simple steps and you we make sure that you get rid of your junk car with satisfactory cash in your pocket.

Commonly Asked Questions

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