How to Sell Your Brand New Car

March 18, 2013

There may be a need to sell your brand new car for one reason or another. You may just want to get it off your hands so you can get another car or you may no longer be able to afford it. Luckily, there are plenty of options available to you if you decide to sell your car. Here are a few things to keep in mind.

Finding a Buyer

Whether you place an ad in a newspaper, or use online sources, you will fare better if you sell your car to a private individual. Using a new car as a trade in for another car usually won't get you the best price. You can find a private buyer who can finance the car on their own, then simply transfer ownership via a title transfer and the car is then out of your hands.

Donating Your Car

There may be a time where donation seems like a better idea. This is common for people who have to leave the country for work and don't have time to deal with selling the car. You are still responsible for the payments, and won't be able to donate your car unless it's been paid off. Donating your car is also a good idea if you want the tax deduction. You can donate your car locally to a variety of agencies. A quick Internet search will show you many places who will pick up the car for no charge.

Don't Just Let It Go

A lot of people in a financial bind will end up just abandoning their cars. They figure if they can't make the payments, and can't find a buyer, that just leaving it somewhere is the best option. This is never the case though. The finance company will still hold you responsible for the payments. Abandoned cars are also more likely to be vandalized and stolen from. You will end up being responsible for any damage as well.

Selling a brand new car doesn't have to be a hassle or a headache. With the right tools and some patience you can find the perfect buyer.