What to remember when selling an RV privately
Selling an RV is not a simple task. You need to consider a few things before putting the vehicle up for resale. Opting for a dealer might appear simple but the dealer’s fee might set you back by a few thousand dollars. Meanwhile, selling your RV privately might seem a tad time consuming but it could eventually fetch you a great deal without you having to shell out much. However, when you are out there to woo prospective buyers with your vehicle, remember that if your rig is not up to the mark, buyers will immediately dismiss the idea of purchasing your RV.
The following steps outline the precautions that you must take and things you must remember before making your RV available for sale:
You can’t just put your RV up for sale and not think of the legal ramifications. Each state in the US has its different set of rules on how they want buyers and sellers to deal with vehicle transactions. In general, being a seller you must ensure that you have some crucial legal documents including the ownership title (also called Clear title), damage disclosure statement and bill of sale in place. Read on to know more about each of these documents:
Clear title: Obviously, you can’t sell a car that is not yours. If the vehicle is on your name, then make sure it is clean. If you ever had a loan on the vehicle, then it needs to have been paid off because if you have an active loan on your vehicle, you cannot legally sell it. So, make sure all debts on the vehicle are cleared and the legal formalities done.
Damage disclosure statement: Both you and the seller will have to sign this document. You, as an owner of the RV, needs fill the page disclosing the damages if any, and the buyer will have to sign the page certifying that he or she is are aware of the damages.
Bill of sale: This is a simple form that you are asked to fill indicating who the buyer is and how much the price agreed upon is.
Once you have taken care of the legal formalities, you need to focus on setting the price of your vehicle. The value of a recreational vehicle depends on many things including:—
- Physical condition
- Generator power
- Engine condition
- Availability of maintenance paperwork
- Availability of purchase paperwork
- Financial status of the buyer
- The current market place
As far as the pricing of your RV is concerned, it is always a wise idea to post a reasonable price but leave it open ended subject to ongoing rates. If you make it negotiable, you are most likely to be flooded with offers for purchasing your RV. By keeping the price point open, you also leave room for prospective buyers to bid on your recreational vehicle and eventually you can sell your vehicle to the highest bidder.
PHOTOS AND DESCRIPTION OF THE VEHICLE:
Detailed description of the vehicle is the most important part when selling your RV. Remember, the price is what draws people’s attention, but the description and photos are what causes them to react. List out the model no, mileage, engine size, purchase year and any add-ons that make your vehicle stand out. You must also take high resolution photos of the RV covering every possible nook and corner, not only the décor but also the engine compartment, odometer reading and the things that you have mentioned in your description. Transparency is the key to the success of any business. People hate wasting their time and getting duped. So, don’t be one of those sellers.
Now that you know the things to keep in mind before putting your RV up for grabs, do not worry thinking, “how to sell my RV”. Just go by this checklist and clinch a winning deal.Tags: privately, remember, selling