The Downside of Private Sells vs. Vehicle Trade-ins

By and large, car sellers will make more on their old car than from a trade-in. The risks and work associated with selling to a private party may give the trade in more appeal. Here are a few of the tasks and risks involved in selling a car a vehicle privately: -- With a private car sell, you may be opening your home to unsavory strangers -- To avoid any liability issues in regard to transferring the title of the car, the paperwork must be prepared for DMV documentation -- Drop insurance coverage as soon as your name has been removed from the title -- A current smog certification is required in certain states Unlike the vehicle trade-in where most of the work can be performed online and consist of a few offers from dealers, selling to private buyer requires a little more work.