Steps to Prepare for Selling a Car in Ontario
Steps to Prepare for Selling a Car in Ontario
Posted on March 25, 2022
Ontarians that want to sell a used car are in the right place; we are going to cover the steps to prepare for selling a car in Ontario. There has never been a better time to sell a used car; however, there are risks that you need to keep in the back of your mind at all times.
Do you have the used car sales information kit from the Government of Ontario? This kit costs $20 and is sent out to you in the mail after you paid for it.
You are not able to sell your used car to another private buyer without having this kit, so hop online and order it now.
Additional documents you will need to have in place
Along with the sales kit, there are some additional documents you will need to prepare for selling a car in Ontario.
Prospective buyers will want to make sure the vehicle has no liens and will not take you at your word.
You can prove there are no liens by having the lien release from the lender available. This document proves the car loan was repaid in full and that there are no encumbrances registered against the vehicle.
If there are unpaid liens, the buyer will find out about it when it comes time to transfer ownership of the car, so just be honest and get the lien release.
Another series of important documents that potential buyers will want to see is the service record of the vehicle.
The service record will note all of the work that was performed on the vehicle, which proves that the car was properly maintained.
Again, if you donāt know where the service records are, you can contact the garage you had the work performed and ask for duplicate copies.
Putting your car up for sale
Now that you have all of the required paperwork in place, you can start listing your car for sale.
There are many different websites out there where you can put your vehicle for sale.
One of the premier choices is Auto Trader, but you can post on a few different websites to cast a wider net.
You should avoid social media when trying to sell your used car; social media sites do not attract serious car buyers so you will waste time on buyers that are not serious.
A better and faster way to sell your used car anywhere in Canada
There is another, simpler way to sell your used car for cash, and you donāt even have to go online. You drive down to your local car dealership and have them buy it from you.
Once you inform the dealership of your intention to sell the car, they will appraise it to calculate the current fair market value and make an offer; if you take the offer, then you get paid immediately.
If you find yourself in a situation where you need cash in a hurry, then this would be an ideal approach.
If youāre looking to sell your car, weād love to buy it for a great price! Simply fill in the form below and weāll get back to you ASAP!Ā
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