Selling used car ...AS it is
What are the checklist of things to keep in mind when selling it .
I requested a UVIP. What else do I need and what kind of wording should I include in the sales letter when selling as it is
Feb 9th, 2021 4:06 pm
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thank you for thisderass wrote: ↑ Checklist of things to do is here:
https://www.ontario.ca/page/buy-or-sell ... le-ontario
Feb 9th, 2021 4:40 pm
Issue is most of the repairs like brake pads rotors change have been done by myself and my brother .Never had any major repair done on it that's why Since I have it in 2016 I never took it to a mechanical shop for any repairs. I also stopped the insurance on it as it was costing me just to keep it parked at home . I am ok with losing up to 400 $ from the total cost that I want for it for the buyer to get it safety checked as it needs a a new front windshield ,new battery and tires(without the windsahield it wont pass inspection anyways ) and who knows what else can be wrong . I just don't want to invest any money in this and than hoping to sell it for more and wait patiently for an offerROYinTO wrote: ↑ A couple of things that will cost but might help you sell quicker. It helps to get rid of the tire kickers.
1. Get a CarFax report - use the forums here for a cheaper way
2. If you have been bringing it to a regular garage that you trust, pay for the safety inspection. If it passes, you can then say the car has been safetied. If not they will usually give you a list of what it needs and costs. People will ask what it needs.
Many garages will recheck in 30 days for a lower fee to the buyer if they want to do their own work or bring it to your garage & have them do the work. The certificate will cost a little more ($30 or so) but is valid for 30 days.
3. In either case, be prepared for people that want to have their mechanic look at it.
4. If you have maintenance receipts. Put them all together for the buyer. Maintenance helps, even if it is parts receipts and you DIY.
If you want a quick sale, make it easy for the buyer. An As-Is sale without these steps will likely get you much less. It should cost <$200 that you can tack onto the asking price.
Feb 9th, 2021 4:43 pm
The UVIP is several pages. The last page is a blank bill of sale that you and the buyer will fill out. You give the bill of sale to the buyer, and they take it to Service Ontario.jassdash wrote: ↑ thank you for this
where would I get the bill of sale ?
a signed Bill of Sale with your name, the buyer’s name and address, the date and purchase price
a completed and signed Application for Transfer — this is found on the back of an ownership permit, under the vehicle portion
it also ask for
a certificate that verifies the vehicle meets safety standards (if required)
you will need to get this from a licensed mechanic
but if i am selling it as it is ,I cant chose not to have this .
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Feb 9th, 2021 5:44 pm
If that is the situation.
Feb 9th, 2021 6:35 pm
thank you .I did made changes to my ad accordingly .ROYinTO wrote: ↑ If that is the situation.
Then list what it needs in the ad. That will keep anybody that does not want to do that kind of work from calling you.
Make sure you say the car is currently unplated & uninsured. That will keep anyone wanting to test drive away. Chances are you will get a used car dealer that has plates & will want to low ball you.
On the UVIP where it provides a section for the receipt simply write "Sold AS-IS".
Feb 9th, 2021 9:04 pm
If I'm buying a car without a safety, and who knows what else is wrong - I'm not doing it for only a $400 savings from the market price, especially if I can't have it looked at my mechanic prior to purchase. If an honest market price is 2500-3k, I'd pay at most 500, maybe 1000 if the car was otherwise really clean.
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Feb 10th, 2021 5:52 pm
I did get a lot of the lowballing from 500 to 1000 .I just ignored it . I finally got someone willing to pay 2000 with the issues that I have mentioned in the ad. Once they try it and we agreed on it .If I sell it AS IT IS and they find some other issue at safety or the car can never pass safety due to some issue would I be held Liable. Or i am covered by writing as it isES_Revenge wrote: ↑ Definitely be prepared for a lot of lowballing lol. Even if you say $2500-3000 and expect to get like $2000, that's not the kind of lowballing I'm talking about. People are probably gonna be offering like $500 citing things like it can't be [test] driven, isn't certified, etc. It's got a lot of kms too, which doesn't help anything.
Not sure what you're willing to take as minimum but you'll probably be able to sell it for like $1k fairly easy if it's worth what you say it is. But getting closer to your asking price may take more time, and a lot of ignoring the lowballers. Best of luck.
Feb 10th, 2021 6:35 pm
The problem with the crowd looking for cars in this price range, they will keep trying to low ball you. You get guys that say they'll pay $2k but will low ball you again when they meet in person. Another thing you're competing with are the guys that buy these $500 cars, do a clean up to make the car look good and then flip it for more. You can hide a lot with some expanding foam and black paint.Thatsamazing wrote: ↑ I did get a lot of the lowballing from 500 to 1000 .I just ignored it . I finally got someone willing to pay 2000 with the issues that I have mentioned in the ad. Once they try it and we agreed on it .If I sell it AS IT IS and they find some other issue at safety or the car can never pass safety due to some issue would I be held Liable. Or i am covered by writing as it is