Wondering where you folks list your defenders when you are ready to sell?

 

To get the most value out of your Defender, I would try and sell it to a private party, but that is not the easiest way. A lot of people take theirs to CarMax. Also. consider Carvana. However, if you want to replace the one you are selling, check the trade in value when shopping for the replacement. Most states in the US will only tax you on the difference between your trade and the new vehicle.

 

Carmax offered the most on my last car but the one before that kbb "sell your car" got me the best offer. If private party Facebook or Bring a Trailer or Cars and Bids are the best options.

 

Private party is always best, but people have been getting good results from auctions sites like Cars & Bids and Bring a Trailer.

 

When selling private party, how to you insure than the payment is good? Hold car until check clears?

 

Yes, I remember someone saying a long time ago that you pay for something that you either don't want to, or can't do yourself. Trading into a dealer comes at a cost as can be seen in the difference between trade-in value and what you can get private party. But you're paying not to have to deal with the tire kickers, lowball offers, assisting w/ financing, costs of keeping the car insured, clean, and readily available. I've recently sold 2 cars private party and yes, it can be a headache, but the profit is all yours.

 

This will give you an idea of what (presumably a 110) have sold for on C&B:
https://carsandbids.com/search?q=Lan...tart_year=2020

 

The two most common methods is to make the buyer pay with a certified check or cashier's check.

Cashier's checks are issued by the bank and are guaranteed.

Certified checks are used with funds in one's checking account, certified by the bank teller, and stays there until the check is cashed. The certified check funds are designated for that check, and can't be used for anything else. Basically once a certified check has been cut, the funds are locked in there until it is cashed, making it basically guaranteed as well.

Or you could be at the bank as the payment is transferred to your account. and then sign the title over.

 

I know we all know this, but it does bear repeating. There's a lot of fraud out there, including cashier checks which can be and are easily faked. We went through a period where a number of fake cashier's checks purportedly from our business account were deposited and were attempting to clear our business account. We have a positive pay anti-fraud measure in place where we have to physically approve a presented check before it can debit so we were never out any money - but someone was. If you get a cashier check consider calling the issuing bank - from a publicly available number, not one on the check - and verify.

 

The best way to get your money when selling your car, is to meet the buyer at his bank, and have the check made payable to you at the physical location of the bank. That is the only way I would accept a certified check. There are a lot of stories out there with folks getting fraudulent cashier's checks. If the buyer is out of state and meeting him at his bank is not possible, a wire transfer to your bank account is the other option. A local buyer can also opt to wire the money to your bank.