Attorney Bill Thrush's 8 Legal Tips For Car Buyers/Sellers
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With increasing vehicle sales - more consumers should be aware of their legal rights for buying or selling a car. LegalShield leading provider of pre-paid legal services, captured a survey showing:
- More than a third of respondents (39%) indicated that they are not very or not at all familiar with the legal options available to them should their vehicle break down or need repairs after purchase
- 66% of recent car buyers signed their purchase contract on the spot at the dealership without consulting legal counsel
- Only 9% of private sellers consulted attorney before making the sale
Additionally, LegalShield provider attorney, Bill Thrush, recommends the following tips when selling your car yourself. In today's car market, informed consumers are empowered consumers and by following these tips, consumers will be protected, informed, and ready to navigate the process with confidence.
Bill Thrush's 8 Car Selling Tips from a Legal Perspective:
1. Lawyer up: It's your pre-emptive strike against legal headaches. They'll review paperwork, spot hidden risks, and fight for your best deal.
2. Know your car: Research, inspect, and be confident. Knowledge empowers you to negotiate like a pro.
3. Paperwork perfection: Gather everything, be organized, and inspire buyer trust. Loose ends lead to tangled legalities.
4. License plate lowdown: Check your state's rules – transfer or surrender? Avoid confusion, ensure a smooth transition.
5. Insurance shuffle: Don't forget to notify your company. Protect yourself from post-sale liability.
6. Social media savvy: Showcase your car, use neutral photos, and avoid personal info. Be mindful, be secure.
7. Honesty is key: Disclose any known issues upfront. Transparency builds trust and attracts serious buyers.
8. Payment prudence: Opt for secure methods like certified checks or money transfers. Cash can be risky, play it safe.