Selling Cars and Trucks at Estate Sales – For Buyers, Sellers and Estate Sale Companies
When selling any type of car or truck be sure you have the title at the sale (in a safe place).
Many times vehicles are sold on Saturdays or Sundays when you cannot register with your local or state license department. It is advisable to take a sizeable deposit for the vehicle and as an estate liquidator meet the buyer on the Monday following the sale (the deposit should at least cover your commission and then some). The buyer should sign a paper stating that they are aware this deposit is not refundable and this will ensure some compensation to the seller and estate sale company should the buyer back out. If the buyer does not pay in full on the day of the sale, the estate sale company, seller, attorney, heir or whoever is seeing the completion of the sale and title transfer should meet on Monday to complete the transaction. The deposit is best if cash, bank check (if acceptable to the seller or estate sale company) or charge card (however, that can have a problem if a dispute arises).
Buyers should be made aware of any issues with the vehicle and the vehicle should be clean inside and out if at all possible. Any paper history on maintenance is always a good thing to provide if available.
It is always advisable to have one estate sale staffer responsible for showing and testing the vehicle with perspective buyers. This should prevent interruption for the estate sale company during the liquidation.
Research the value of your vehicle for sale also. If it is an older vehicle or classic it will be important to see what the market is bringing.
The car pictured here was in an estate liquidation sale several years ago that I ran and is a 1951 Buick.
Copyright © 2017 Estate Sales News. All rights reserved. No part of this website or any of its contents may be reproduced, copied, modified or adapted, without the prior written consent of the author, unless otherwise indicated for stand-alone materials.