When it's time to part with an old vehicle, most people opt to trade it in or sell it privately. But if you're feeling generous, donating your car to charity can support a worthy cause and potentially net you a nice tax deduction. To ensure you get the maximum benefit, though, it's important to follow the proper steps and keep detailed records. Here's what you need to know.
Motorvero
November 14, 2024
Giving a car as a gift is a wonderfully generous gesture that can make a huge difference in someone's life. Whether you're helping a new grad get on their feet, supporting a family member in need, or surprising your partner with a dream ride, gifting a vehicle is a powerful way to show you care.
Motorvero
November 14, 2024
Whether you're gifting a car to a relative or sorting out a vehicle as part of an estate, transferring a car title to a family member is a common situation. But while signing over a title to a loved one may seem straightforward, the process can be surprisingly complex, with state-specific requirements and potential pitfalls around taxes and fees.
Motorvero
November 14, 2024
Trading in your current vehicle is a great way to offset the cost of a new car, whether you're looking to lower your loan amount, reduce your down payment, or just save on sales tax. But to get top dollar for your trade-in, it pays to put in a little TLC before visiting the dealership.
Motorvero
November 14, 2024
Trading in your old car is one of the easiest ways to save money on your next vehicle purchase. By applying your current car's value to your new ride, you can lower the overall price, reduce the sales tax hit, and shrink your monthly payments.
But how can you make sure you're getting top dollar for your trade-in? While you'll almost always get less from a dealer than through a private sale, some smart strategies can help you maximize your car's value. Here are some insider tips for navigating a trade-in negotiation like a pro.
Motorvero
November 14, 2024
Selling a car privately can be a great way to get top dollar, but it comes with some risks. One of the most concerning? A buyer who takes possession of the vehicle but never officially transfers the title into their name. If that happens, you could be on the hook for parking tickets, toll charges, or even criminal liability tied to a car you no longer own.
Motorvero
November 14, 2024
Your car is likely one of your most valuable assets, so it's natural to wonder "how much is my car worth?" Knowing your vehicle's true market value is especially crucial when it's time to sell, whether you plan to trade in, sell privately, or get an online offer.
Motorvero
November 14, 2024
So you've listed your car for sale, and the most promising buyer happens to be from out of state. While selling a vehicle across state lines might seem tricky, it's actually a fairly straightforward process. With some extra planning and paperwork, you can close the deal smoothly and legally transfer ownership to your long-distance buyer. Here's what you need to know.
Motorvero
November 14, 2024
Selling a car typically requires transferring the title, which serves as legal proof of ownership, to the buyer. But what if your title has gone missing, or you never had one to begin with? While it adds a few steps to the process, it's still possible to sell your car even without a title in hand. Here are five routes you can take.
Motorvero
November 14, 2024
Deciding when to sell your car can be a tricky judgment call. Sell too early and you could miss out on months or years of reliable use. Wait too long and issues like depreciation, mounting repair bills, and poor suitability for your current needs can cost you. So how do you know when it's the right time to let go?
Motorvero
November 14, 2024
When selling your used car privately, allowing potential buyers to take it for a test drive is an essential part of the process. Test drives give serious shoppers a chance to experience the vehicle firsthand, assess its condition and performance, and ultimately decide if it's the right car for them. In fact, offering test drives can be key to closing the deal and getting the best price for your vehicle.
Motorvero
November 11, 2024
If you're asking yourself, "what's the best way to sell my car," the good news is that nowadays, you have more options than ever. Which is right for you will depend on personal calculus balancing getting the best price with enjoying the most convenience. Below we'll dive into the various ways you can sell your car, as well as rounding up a few tips on what to do before you start the process.
Motorvero
November 11, 2024
There's a lot to process when a family member dies. Coping with your loss may be made harder if you have to handle the material items the decedent left behind, like a car.
This step-by-step guide can help you through the process of how to sell a deceased family member's car and relieve some of the stress that accompanies the death of a loved one.
Motorvero
November 11, 2024
Think you need to put off your next car until that loan is paid off in full? Think again. It is perfectly possible to sell a financed car without having first fully paid it off. In fact, right here on Motorvero, you can sell your car 100% online, even if you still owe money on it. CarOffer powers this Motorvero feature and will manage the loan payoff on your behalf. In cases of negative equity, you can pay CarOffer the difference to cover the lien as a single transaction.
Motorvero
November 11, 2024