Trading - Pros & Cons
Trading your vehicle at the dealership may be quick and easy but it may not always be painless. The upside of trading is that the dealer does all the paperwork. After settling on an acceptable price, all you have to do is sign the vehicle over and be done with it. The price you pay for the convenience of being relieved of your vehicle may be less cash in your pocket than if you sold it yourself. Many people expect the dealer to give them the Retail value of their vehicle and are often disappointed by the offer presented to them. Unless the vehicle you are trading is in high demand or of special interest to the dealer, its appraised value is likely to be closer to the Blue Book Trade-In value.
To avoid any surprises, be sure to get the Blue Book Trade-In value for your vehicle before you go the dealership. This number-based on the condition of your vehicle-is a more accurate representation of what you may expect to be offered. Keep in mind, the dealer must assume the responsibility for preparing your trade for resale. This process may include mechanical and smog inspections, repairs to make the car ready for sale and warranting the vehicle for the new owner. Of course, he may also sell the car to a wholesaler, in which case he makes little or no profit on the car.
Trading can also help if you are upside down on your old vehicle's loan. The dealer can roll the remaining balance of your current vehicle's loan into the new loan, thus allowing you to trade in your vehicle without having to shell-out additional cash. While this is not advisable-because it inflates the loan beyond the new vehicle's actual value-it is an option for those who must get out of their current vehicle.
Selling - Pros & Cons
Selling your car on your own can be profitable, but requires patience and good judgment. You will have to absorb the cost of making the car presentable and passing any required state inspections or emissions tests. You must also figure what your time is worth, because you will need to be available to answer questions and make appointments for people to see the vehicle and take it for test drives.
Another downside to selling your car yourself is that you may be put in contact with unsavory individuals, or people with whom you just don't feel comfortable. You need to have a good feel for people and have strong negotiation skills. If you do decide to sell your car yourself, be sure to put everything in writing and request payment in the form of a cashier's check. Personal checks can bounce and cash in large quantities is not wise to carry on your person.
If you are selling your current vehicle to buy another vehicle, asset or service, Dubarter TradeCredits may be the method you should consider. You can sell your vehicle now and spend the proceeds if and when you find the right replacement vehicle or asset. This method also gives you the added protection of making sure the transaction is paid pursuant to the agreement since the title will not pass until the credits have been transferred to your account.
Points to Consider When Selling Your Car
- Make your car presentable. At the very least, a good wash and wax of the exterior and complete vacuuming of the interior is in order. If you really want to impress potential buyers, take the car to a professional detailer and have them clean the interior, exterior and engine.
- Sell your car AS IS, you are not a dealer and there is no warranty or return policy in effect.
- Try to have all records complete and neatly arranged for your prospective buyer. This will instill confidence that the car has been well cared for.
- Be honest. Disclose any serious problems or repairs the new owner will have to pay to make the car tip top.
- Set your asking price about a few hundred above what you really want. This allows some room to negotiate.
- Many people like to print out the Kelley Blue Book Suggested Retail value report and tape it to the window. They tell us this helps legitimize their asking price.
||You may get less
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|People you interact with
There are several ways to make and accept offers at Dubarter. We strongly suggest reading this tutorial so that you have a good understanding of the offer process.
If you are new to Dubarter, and have been reading along in the tutorial, here is an update on exactly where you are in our site:
Making an offer with a listed item in no way hinders you from receiving offers on that same item!
The first and best way to make an offer is with a listed item. Simply put, this means that you list the item you would like to make an offer with before making the offer. (If you list what you are making offers with, you could also be receiving offers!)
Find this icon in the listing you are interested in and click to make an offer
When you find something you would like to make an offer on, the first step is to click the "Offer a Trade" button that can be found in each item"s listing page. (The listing page is the page that holds the description, pictures, etc. of a listed item.) Once clicked, the "Make an Offer Box" will appear.
Step 1. Make sure the item number, along with the title shown in the box is the item you wish to make an offer on ...
You will notice that, by default, the listing page's item number carries over to the "Make Offer Box." You can make an offer on any item, regardless of its offer status!
Step 2. Choose the item you are going to offer...
A brief item title is provided next to each item number so that you know which listing you are choosing. Notice "No Item Offered" is the default setting. To choose a listing, first click on the triangle to the right of the default setting. You will notice that all your listings show up in the box because Dubarter "remembers" your listing numbers for you. Move the mouse to highlight the listing you wish to choose. Once your choice is highlighted, click again to choose the listing. Try it below:
Bonus! Until an offer is accepted, all is "fair game" to receive and make offers. (Thus, if you receive a decent offer, be sure to accept it in a timely manner before someone else sees or accepts it. Likewise, if you see a another item you wish to make an offer on with the same item, go for it!)
Step 3. Optional: Enter cash in addition to the item you are offering, or if a cash only offer, enter the amount now...
If you are offering cash in addition to your item, or would like to make a cash only offer, fill in the amount of cash you wish to offer. Please do not enter any numerical punctuation, i.e. dollar signs or commas.
Step 4. Stipulate conditions, if any...
This box is here for you to specify the details. Details should be worked out before offers are accepted. The "Stipulations and Conditions" box is not meant for asking the seller questions. For example, a stipulation might be that the other party pays the shipping. If they, after reviewing your offer, insist you split shipping costs, you would need to "Update Your Offer" to reflect changes in the stipulations (as long as you agree to it).
Step 5. Enter your offer...
Once this information is complete, click "Submit Idea / Offer." Once you have clicked "Submit Idea / Offer," you will find yourself "back" at the listings page where you started. You will see your offer now entered in the "Existing Offers" box. It is now up to the other party to accept or decline it.
You may make multiple offers with the same item. Whoever accepts your offer first is the "winner!"
Buy any of Dubarter highly visible display ads to improve your position. Contact Dubarter for more information. All display ads are subject to approval.
Search Ad - $75.00 ⁄ week (4 week minimum)
Imagine your banner ad appearing whenever someone enters a key word in the Dubarter search block. Buy specific key words such as car, Buick, computer, etc. When listings come up from a search using your key word, your banner will appear on top of that page. Your banner will then be linked to your listing.
Category Banner Ad - $40.00 ⁄ week (4 week minimum)
As soon as someone clicks on a category, your banner ad will appear at the top of that category, boldly announcing your listed item or service before the viewer sees any other listing. This banner is exclusive and links to your listing.
Subcategory Banner Ad - $20.00 ⁄ week (4 week minimum)
Get the advantage over other listings in subcategories! As soon as someone clicks on a subcategory, your banner ad will be in a rotation at the top of all subcategories. As with other banner ads onDubarter, it also links to your listing.
Real Estate Showcase - $50.00 ⁄ week
To rotate your real estate property through Dubarter's homepage email@example.com
In addition to our fine display ads, Dubarter offers other economical ways to call attention to your listing.
Home Page Featured Ad - $10.00
Your ad will rotate through the Dubarter Home Page, increasing the chances that more viewers will see it. Your ad will remain featured until your ad expires, or until you delete the ad. The Webmaster can assist you with the purchase of this ad.
Ad with Picture - 1st 5 pictures - FREE! (Additional images - $2.00/per image)
At Dubarter, we believe in the adage "one picture is worth a thousand words." A thumbnail of your first image will appear next to the listing. The first 5 images on each listing with TradeAway is FREE. We encourage each listing to have at least one image because of the success of visual aids in selling. Sometimes it takes multiple pictures to properly represent all the features your listing has to offer. You are welcome to upload as many images as needed, but each image after the first five will be assessed a $2.00 charge. Contact Dubarter today to increase the effectiveness of your listing with a picture.
Scan Your Picture- $10.00 (lifetime of your ad)
If you don't have a scanner or digital camera, we will scan your photo for you and upload it. We only charge a one-time fee of $10.00 for the lifetime of your ad!