Posts Tagged ‘selling’
Cash in asssets to reduce debt burden
Valuing your disposable assets is a useful first step in managing personal debts because these could be sold to reduce he burden. Make a list and include:
- Property investments
- Stocks & Shares
- Antiquities & collectables
- Savings accounts
- Premium Bonds
- Leisure equipments – cameras, bikes, snowboards etc.
- Cars, motorbikes, boats
Car owners can unknowingly have large amounts of equity locked up in their vehicle, even if was bought with finance or hire purchase. What you will finally receive v. If the car was bought on finance a long time ago you may well have paid off most of the loan. If you acquired your car on a lease agreement the rules are entirely different. Find our how much you owe on your car by contacting the company for a balance. Repossession is the last resort of lenders who would prefer you sold your car to a dealer who will settle the balance including any missing payments.
Selling a car for cash, particularly if it needs to be done quickly, often means taking less than the car is really worth. Your local dealer will only want your old car if you buy a brand new one at full list price. So few people now read local newspapers than private classified advertising of used cars is often a waste of time.
Websites such as Sellmycar4cash buy used cars to use as stock for main dealers and offer to value and buy your car quickly without any fees or risk. Values can only be ontained on cars newer than 7 years and under 100 k mileage. Record all the deatils of your second hand car on the webpage form and a representative will call you back with a cash offer. Agreement of valuation would result in a call to make an appointment to meet, pay for and collect the car. If agreement is reached on the value of the car you are selling the next step is to arrange the meeting to view and pay.
Selling Stuff At A Car Boot Sale
Nearly everyone here in the UK must have been to at least one car boot sale but why on earth do people go to these things on a regular occassion? Is the reason for people going to one of these sales down to hunting for bargains or being dragged around the event by your Gran?
Whatever the reason this are these sales dying out or are they worth visiting? The honest answer here is that it is up to you. There are some legitimate reasons to going to one of these sales.
Reason 1
You could really pick up a few bargains when you attend one of these sales. A lot of the time the people selling their items have no idea if it is worth any money which is why you should always be looking for those really nice antiques. You can quite often pick up really cheap DVD’s and Video Games for yourself and there are programs on television aimed at looking for cheap antiques in a car boot to sell at auctions for a large profit.
Reason 2
Be nice to your granny and allow her to take you around the weirdo’s that sell their things from the back of their car. Carry the junk around for her and there might well be 50p in it for you.
The Bad Things
Reason 1
It all sounds a bit dodgy if you ask me, scruffy looking people trying to sell you second hand good from the back of a car? The funny thing is it sounds like something the police should be involved in.
Reason 2
You have no idea on the quality of the item until you get it home. The problem is that when you are getting some like a DVD you cannot test to see if it is working until you arrive back home which means you cannoy return it.
So if you are thinking about being one of these sellers it could be worth looking into Audi leasing or leasing vans to make sure you have the room for all the junk. Car leasing is also something else you could look into.
Internet car sales & purchses bad for your health & wealth
Terrifying reports are beginning to appear in the press about online car transaction ending in theft of the cash and, sometimes even violence. Used car sellers have advertised to sell their cars online and then been paid with forged cash or bankers drafts, which they have discovered only after parting with the vehicle. Another popular scam is to offer more than the seller has advertised as the price, providing that a large percentage of any extra is forwarded to another person.
Would-be used car buyers, of apparently real bargain cars, have been asked to meet in quiet places and told that the seller will only take cash. Unprepared buyers have arrived at the meeting only to have all of the cash taken by robbers who also drive off with the car.
Online used car buyers and sellers need to take great care to safeguard themselves and their money from this new breed of Internet fraudster and crook.
A good basic trustworthiness checklist would start with:
- Will they give a full name in advance and carry photo ID when you meet?
- Can the address of their premises by checked?
- Can they supply something other than just a mobile phone number?
- Check out their bank details if they will provide?
- If you agree to a bankers draft, as to meet at your bank where you can pay it in?
- Payments in cash should only be in pounds sterling to avoid forgeries that you may not spot.
- Finally, if meeting the buyer or seller half-way, make sure they agree to meet in a safe well lit place where plenty of people are about and take someone with you.
- Deal just too good to turn down? Might be a scam!
There are plenty of reputable online car firms who will sell you a car or buy one from you without risk but you do need to do your homework and check them out first. If they seem reluctant to give you information, particularly about who they are or where they based, then you had better assume the worst.