Uploaded on Jun 18, 2021
No, selling your car online is one of the fastest and hassle-free methods. Make a car valuation check before knowing the worth of the vehicle.
Is selling a car online risky?
Four Steps to instantly sell your car in the UK
for a better price:
Selling your car has become easier and convenient
these days. However, you should be vigilant in
certain aspects to escape from scams around. You
have to consider a few essential factors before selling
your vehicle to get the maximum offer.
Documents to be ready:
Why should I go online for car selling?
How to know my car's worth before selling it?
Informing DVLA about car sold status
What documents are essential to selling
my car?
Though paper works have become secondary because of the
online sale of the vehicle, it is mandatory to make all the
required paperwork ready to sell your car at ease. Also, it
attracts potential buyers to your vehicle when the paperwork
is prepared.
• It is essential to hand over the vehicle's V5C document,
which is proof of ownership (Not in all cases). It is the
evidence to show who is the registered keeper of the
vehicle.
• If the vehicle has any handbook, you can also include it in
the paperwork and handover to the buyer and to know
more about the car.
• If the vehicle is three years old, then it is essential to include the MOT certificates to know
if the car has passed the MOT tests and in condition.
• The service history book of the vehicle is also an important document that tells the current
condition, car value and maintenance of the vehicle. You can also include the receipts if
available.
• You should include the final settlement agreement if the vehicle is bought on finance.
There are chances that the car might have outstanding finance, which causes future
problems to the buyer.
• The proof of purchase is also an important document to be produced when selling the
vehicle.
Why should I sell my car online?
Selling a car has so many ways these days.
Today people sell and buy anything online that
has become a more convenient way of selling
or purchasing any product. It is also one of the
rapid methods to sell your vehicle when you
are in urgent need of money. One drawback of
this method of selling your car is you cannot
expect a higher quote for your car from a
private dealer, but it will make the process
hassle-free.
Find the best car selling/buying websites
online. You have to provide your vehicle's
profile and then wait for the site to work on
your vehicle's profile. After which, you will get
offers and quotes on your car. If you feel the
offer is acceptable for you, then you can
precede the sale.
Is it essential to know my car's worth before
the sale?
Yes, it is essential to know the value of the
vehicle before selling. By knowing the car
value, you can negotiate a fair deal for your car.
To know how much your car is worth in the
marketplace can identify by using the
registration number itself. Yes, there are
portals offering car valuation reports instantly,
and one such is Car Analytics. Once you decide
where to showcase your vehicle by analysing
the marketplace and the vehicle condition, it
can be the part-exchange, direct dealer, private
dealer, or auction.
It is a possible way to attract buyers by selling
the vehicle at a fair price and an issue-free
vehicle. Both buyers and sellers can use the
vehicle check portal to know the
complete history of the car.
Informing DVLA about car sold status:
Once you received the payment from the buyer and it needs small paperwork
to keep things clear for both parties. At least, you should offer a written
statement about the sales and mentioning the sales as seen, tried and
approved without guarantee for the protection. Collect yourself evidence like
a dated signature from both the parties and keep a copy.
You need to follow specific steps to make it official about the car sold status. It
means you need to give the buyers the correct information and DVLA about
your decision on selling the vehicle. As already told, the paperwork is essential
to selling it legally, so ensure before you sold the car, you have to update the
V5C in case of changes in your name or address or modification made to it.
Commonly, the buyer usually looks at the registration document to verify the
vehicle details' accuracy. So don't share the logbook reference number or
picture/copy of your logbook with anyone. Because possibilities to misusing
the information are quite high and it might cause the vehicle to risk. If you are
a personalised number plate holder, ensure you apply the form to remove it
before you sell it.
The major part of selling the vehicle is
informing DVLA that your vehicle is
being sold out. It is mandatory to notify
the DVLA about the change of car
ownership where you are not liable for
the car anymore and has a new owner.
Keep these steps in mind and have
peace of mind during the completion of
selling your vehicle.
Thank You
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