Why it is better to refuse to sell a car to a relative?
- May 5, 2022
- 0
Selling a car to a family member is quite common among motorists. The seller does not have to look for a buyer. The buyer knows exactly which car
Selling a car to a family member is quite common among motorists. The seller does not have to look for a buyer. The buyer knows exactly which car he is taking. Seems like solid pluses. But it wasn’t there. The AvtoVzglyad portal found out why selling a car to a brother, matchmaker, mother-in-law or father-in-law is not the best way to get rid of transportation.
It may seem like a good idea to sell the car to a relative. You don’t have to search for a buyer, listen to the boring offers of resellers, republish your phone number for everyone to see, and much more you don’t have to do anything related to selling a car, waste of time, effort and nerves. The buyer, on the other hand, has solid pluses, the most important of which is that he knows exactly from whom and in what condition he is buying a car. And it seems that the schedule of such a sale is impeccable. However, it also had its drawbacks.
Obviously, the family member who buys your car will be less strict about inspecting it. He’s unlikely to drive her for a diagnosis, and take your word for it, after listening to a story about the pros and cons of the car. Again, you will protect yourself from a financial point of view – a relative will not give you counterfeit money. And in general, it will be less capricious than a person from the outside. But why sell a car to a loved one – an idea from the “so-so” category?
First, when you sell a car to a relative, you should fraternally quote a price with a good discount. At least, if it’s not you, he’s certainly counting on it. Of course you can initially indicate that the market value of the car does not include a discount. But on the other hand, you sell a car to a family member without the hassle of viewings, inspections and other legal nuances. He’ll take over all of this once a relative’s discount looms on the horizon. And overall this is a win-win deal if your time is valuable to you.
Second, when you sell a car to a relative, be prepared that his desire to buy it far exceeds his means. And here can begin the most interesting thing in family relations: “I will give, but then. Just a little while, the money is coming. You see, brother, it’s like, the employer threw money … “. In general, as often happens, chairs in the morning, money in the evening.
In reality, however, this scheme turns out to be ineffective and counterproductive. The winner is only the one who fished out your car. You also get the hemorrhoids from communication with these family members and lost profits. In addition, paying for the car you sold in parts does not contribute to the purchase of a new one. After all, another seller will demand the full cost of the car from you. Yes, and inflation can really push your budget if you don’t have contracts that prescribe compensation and so on.
After purchasing your car, make sure that a family member re-registers it for themselves within the legally established period. Otherwise fines from CCTV cameras will arrive in your mailbox.
Well, remember: if something happens to the car in the near future, the relative will certainly accuse you of selling a broken car. Even if he doesn’t blame it, he will certainly think so and convey his point of view to the others. Alternatively, he will remind you with hints or directly at each meeting, ruin the relationship or even refuse to pay the remaining money.
In general, no matter how profitable a deal with a relative may seem, consider whether you need it. And if you’ve already decided, arrange everything in the contract. And no “what, you don’t trust me” work here. If the deal has to be profitable, then mutual.
Photos from open sources
It may seem like a good idea to sell the car to a relative. You don’t have to search for a buyer, listen to the boring offers of resellers, republish your phone number for everyone to see, and much more you don’t have to do anything related to selling a car, waste of time, effort and nerves. The buyer, on the other hand, has solid pluses, the most important of which is that he knows exactly from whom and in what condition he is buying a car. And it seems that the schedule of such a sale is impeccable. However, it also had its drawbacks.
Obviously, the family member who buys your car will be less strict about inspecting it. It’s unlikely he’ll drive her for a diagnosis, and take your word for it, after listening to a story about the car’s pros and cons. Again, you will protect yourself from a financial point of view – a relative will not give you counterfeit money. And in general, it will be less capricious than a person from the outside. But why sell a car to a loved one – an idea from the “so-so” category?
First, when you sell a car to a relative, you should fraternally quote a price with a good discount. At least, if it’s not you, he’s certainly counting on it. Of course you can initially indicate that the market value of the car does not include a discount. But on the other hand, you sell a car to a family member without the hassle of viewings, inspections and other legal nuances. He’ll take over all of this once a relative’s discount looms on the horizon. And overall this is a win-win deal if your time is valuable to you.
Second, when you sell a car to a relative, be prepared that his desire to buy it far exceeds his means. And here can begin the most interesting thing in family relations: “I will give, but then. Just a little while, the money is coming. You see, brother, it’s like, the employer threw money … “. In general, as often happens, chairs in the morning, money in the evening.
In reality, however, this scheme turns out to be ineffective and counterproductive. The winner is only the one who fished out your car. You also get the hemorrhoids from communication with these family members and lost profits. In addition, paying for the car you sold in parts does not contribute to the purchase of a new one. After all, another seller will demand the full cost of the car from you. Yes, and inflation can really push your budget if you don’t have contracts in place that prescribe compensation and so on.
After purchasing your car, make sure that a family member re-registers it for themselves within the legally established period. Otherwise fines from CCTV cameras will arrive in your mailbox.
Well, remember: if something happens to the car in the near future, the relative will certainly accuse you of selling a broken car. Even if he doesn’t blame it, he will certainly think so and convey his point of view to the others. Alternatively, he will remind you with hints or directly at each meeting, ruin the relationship or even refuse to pay the remaining money.
In general, no matter how profitable a deal with a relative may seem, consider whether you need it. And if you’ve already decided, arrange everything in the contract. And no “what, you don’t trust me” work here. If the deal has to be profitable, then mutual.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
