3. Draft a Punchy Advertisement
If you’re advertising online or in a local newspaper (and you should), be sure to write an advertisement that will get noticed. This will require that you use punchy language that piques a buyer’s interest and gets them to contact you. Shorter ads are always better. Hit the high points of your car, the price, and a phone number or email address where interested buyers can learn more. Don’t make the advertisement too long by focusing on tedious details.
Mention the year, make, and model of your car (obviously), as well as the mileage and asking price. If you want, you can note that the price listed is “firm,” meaning that there is no room to negotiate. Or you can specify that you’re open to offers and further negotiation. Be sure to list any especially attractive special features, like a sunroof, leather seats, satellite radio, or GPS navigation.
2. Use a Standard “AS/IS” Bill of Sale
Once your vehicle is sold, the last thing you want is for the buyer to come back claiming that expensive repairs were needed and blaming you for any problems that popped up after the deal was done. To protect yourself, be sure to draw up an “AS/IS” bill of sale, which stands for “As It Is.” This means that you’re selling the car in the exact condition it’s currently in, with no guarantee or warranty of performance or longevity.
When buying a used car, it is the buyer’s responsibility to ensure the car is in good working order. In fact, we recommend they get a mechanical expert to give it a thorough inspection first. Ultimately, though, a buyer cannot come back to you claiming that you owe them money for repairs or demanding a refund if the vehicle breaks down. (Unless it can be proven that you purposely lied about the condition of the car, so don’t do that.)
To get an AS IS bill of sale template, just search online. You will quickly come across plenty of examples that can be downloaded and printed. In the U.S., there are many State forms that can be easily found and used. This is a great way to protect yourself.