The fact is that by having to renew it, because it has been damaged or we need some liquidity, we may need to sell it for very little that they give us.
To give you an idea of the entire process involved and not be subject to unexpected expenses, we bring you a small list with some of the main obligations.
Sell my car step by step
Appraise the car: the first thing to keep in mind is that you are going to lose money no matter how well you have taken care of it. The car devalues its price over the years due to new features that we find in the new models.
It is vitally important to appraise your car online to get an idea of how much you should sell it for and thus not put one or more advertisements which will surely not be successful.
Going to appraise both a car and any other product is expensive, but luckily, in the automobile sector there are already different tools and pages that do it totally free.
Hidden commissions: although there are many platforms and dealerships where we can sell our vehicle, some may charge commissions to get you a potential buyer.
In most cases, these are small fees that hide different ad web pages that could bring you an associated expense that you did not have. Keep in mind the conditions of each site before proceeding without rhyme or reason to publish in hundreds of urls.
Transfer expenses: another of the expenses associated with the vehicle sale contract are transfer expenses. That is to say, the money that the agency that is in charge of removing your name would charge to put that of the new owner of the car.
In this case, these costs are usually borne by the buyer, be sure to discuss it with him before reaching any type of agreement.
Treasury expenses: any euro that you generate profit, must be recorded in the Spanish treasury and taxes must be paid for it although there are exceptions. When it comes to selling a vehicle, it should be noted that only those gains derived from the purchase / sale will be declared by IRPF and taking into account that you will surely sell it cheaper, you will be exempt from additional payments.
This rate has its reason for being for those Cash For Cars Melbourne sellers who sell more expensive than they buy or classic vehicles that appreciate over the years.
Taking into account these additional expenses, perhaps you should increase the sale price a bit since surely, like most sellers, you would have in mind that you would get all the money and it will not be the case.