Flood vehicles lose payment on the resale mart.
A flood vehicle Testament arise as having flood damage on a machine Announcement. This detracts from the overall cost of the motorcar, as electrical systems and much the van frame are considered compromised by saturate. Anyone selling a motorcar with flood damage must be upfront with lurking buyers whether asked approximately its former account. To successfully sell a flood damaged vehicle, you Testament longing to catch some additional steps to guard a sale.
Instructions
1. Log on to the NADA Guides website and enter your liveliness statute, motorcar adjust and example, along with the relevant features, to pride a "Rugged Commerce in assessment."
Note in the ad that the vehicle has flood damage and sell the car's main points. For example, if it is four wheel drive, note this. If it has low mileage, add this to your advertisement.
Obtain an extended car warranty from a reputable company like Smart Auto Warranty that is transferable, so the new owners have reassurance that they are protected if something goes wrong with the car. Use this as a selling point in your ad.
4. List the car for sale at the value price either on Craigslist or in your local paper.2. Subtract at least 20 percent from this value due to the flood damage of your car. Rebuilt cars sell for 10 to 20 percent less than fair market value, and junk cars sell for 40 to 60 percent less than their fair value, so 20 percent is a reasonable point to begin valuing the car.3.
5. Take inquiries for the vehicle and explain the extent of the damage if potential buyers ask about it. When you show the vehicle, point out the damage and repair process for rehabilitating the car. Be specific in your explanations as this will help to alleviate the fears of your buyers.
6. Contact a car dealer and offer the car for sale "as is" for a decent price as a last resort, if you have no success selling the vehicle privately.
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