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The Biggest Mistakes When Selling a Car – Find Out How to Avoid Them

Mistakes When Selling a Car - Selling a Car

Selling a car can be a challenge. If you want the highest possible price and no problems after the transaction, you need to take care of a few things. What mistakes should you avoid? What can you do to ensure that the sale of your car goes smoothly?

  • Selling a car should be carefully considered. It is therefore worth preparing well and avoiding mistakes that may cause problems.
  • Beware of missing documentation and errors in the car purchase and sale agreement, as well as neglect of the obligation to pay tax.
  • Negotiating when selling a car can help you sell your vehicle for more money.
  • Find out more, check it out, how to prepare a car for sale!

 

Lack of necessary documentation

Car documents

To sell your car legally, you need to prepare several documents, such as:

  • registration certificate – it will be needed to register the vehicle by the new owner;
  • car purchase and sale agreement – ​​signed by the buyer and seller;
  • vehicle card - from 2022 it is no longer needed, and for many cars it was never issued. However, if you have such a document, give it to the buyer;
  • third party liability insurance – on its basis, the new owner will be able to transfer the contract to himself or purchase completely new insurance.

The lack of even one of these documents can cause problems for both you and the buyer. So it's worth making sure to prepare the entire set and hand it over to the new owner.

Error in car purchase and sale agreement

Error in the car purchase and sale agreement - signing the agreement

It is not only the lack of a proper contract that will be a problem. It will be similar when the documents contain error in the car purchase and sale agreement. This includes unclear provisions regarding the technical condition of the vehicle, concealed defects, incomplete identification data, incorrect price calculations or omission of important clauses. These are just some of the pitfalls that can result in long-term legal disputes and financial losses. Carefully checking the contract before signing it and ensuring that it is completed correctly is the absolute basis for a safe transaction. Of course, such errors in the car purchase and sale agreement usually concern simple mistakes such as an error in the contract date or VIN number. In such a situation, it is worth contacting the buyer quickly to clarify everything. Sometimes it may turn out that a new contract will have to be drawn up.

No negotiations when selling a car

Negotiating the price of a car - selling a car

It is a common practice when selling a car negotiating the price of a car. It is used by both buyers and sellers. It is not worth agreeing to the first offer from an interested customer. This is because the first offer is probably lower than the amount that the customer is actually willing to pay for the vehicle. After all, the buyer's goal is to buy for the lowest possible price. It is worth remembering that by negotiating the price of the car, we can sell the car for more. It is also worth checking what is market value of the carto know how much you can expect for your vehicle.

Mistakes when selling a car - not preparing the car for sale

Muddy car

Preparing a car for sale often doesn't cost much, and it can increase the value of the vehicle by as much as a dozen or so percent. Buyers pay attention to the appearance of the car and whether it is well-maintained. For this reason, before posting an ad, it is worth carrying out a few procedures, such as:

  • thorough washing of the chassis and body,
  • vacuuming and washing the upholstery and rugs,
  • use of car fragrances,
  • covering plastic and rubber elements with blackening agent,
  • glossing the varnish.

When preparing your car for sale, professional cosmetics will come in handy, such as: Moje Car Body lotion. They can significantly increase the value of your car and attract customers who are looking for a well-maintained vehicle.

Car care with Moje Auto Body lotion

Paint care balm

Bodywork balm is a preparation for polishing paintwork, which restores its depth of color and protects it from external factors. It is very easy to use - just spread it on a clean car surface and rub it in with a microfiber cloth.

Poor photos of the car for sale

Taking a picture of a car with your phone

One of the most common mistakes when selling a car is taking inappropriate photos. Blurry, poorly lit, or chaotic photos can put potential customers off from the get-go. How to take photos of a car for sale? It is worth ensuring the cleanliness of the vehicle, good lighting, appropriate perspective and an attractive background to visually entice buyers and build their trust.

Neglecting the obligation to pay income tax on the sale of a car

Income tax on car sale - tax calculation

If you sell a vehicle less than six months after purchasing it, the profit from the transaction is considered income. It is therefore subject to tax. What is income tax on car sale? The amount of tax on the sale of a car varies depending on how much you earn per year. If it is less than PLN 120 gross, you will pay 000%. If this amount is higher, the tax on the sale of a car is 12%. Do not neglect your tax obligations - this can expose you to high penalties.

No car sale report

How to report the sale of a car - handing over car keys

Time for the next thing, which is to report the sale of the car. This is mandatory. How to report a car sale? You can do it at the office or online. To report the sale at the office, you have to go to the communication department appropriate for your place of residence. Do you want to report the sale of the car online? Just go to the website "Report the sale or acquisition of a vehicle, for example sale, purchase, donation", answer a few questions and fill in the details, and then receive a confirmation on your mObywatel account. It is important to report the sale within 30 days.

If you do not report the sale of the car within 30 days of concluding the agreement, you will pay PLN 250. For this reason, it is worth going to the office immediately with documents confirming the sale of the car. This is also necessary if the car was donated.

There are many mistakes you can make when selling a car. For this reason, before you post an ad, check what affects the value of the car, how to behave during the presentation of the car and what formalities need to be completed after the transaction. This will allow you to avoid serious consequences.

Source: gov.pl