The time has come to say goodbye, You have reached the end of a work contract, the payments are killing you, the wife and family want out if the truck stays and many many reasons for the truck to move on. F250 for sale

With the f series in Australia most new ones that hit the second hand market still have money owing on them and of course the finance and banks that hold the encumbrance require it to be paid out first.

Dilemma no 1 what to do.

	Private sale
	sell back to dealer
	consign to another dealer or consigning agent
	auction

Lets quickly examine these :

Private sale:

To sell privately would always be the best option because.

	You should achieve maximum for your vehicle and you control the final price.
	You decide if the final price is acceptable
	You get the money how you want it at time of handover
	Many options from newspaper, internet etc.

There is however like all disposal options some negatives

	Time .You have to wait for the right buyer
	Must arrange payouts to banks/finance company if encumbered
	You may talk to many hopefuls only to be let down
	You vehicle must be presented at its best (RWC if applicable)

The truck usually will be in your possession and maybe taking up valuable space surplus to your requirements.

For this option Please do your homework , check market values , dealer prices and other private sales.

Be realistic in your asking price and present your vehicle correctly.

Watch dealers posing as privates to purchase.

Obtain advice from finance company/bank on the correct procedure in order to make any payouts if required.

If you have a serious buyer make sure the buyer leaves a deposit suitable to both parties to hold the vehicle . Do not let the vehicle go until full payment is verified and correct.

Sell back to dealer

Selling back to the dealer that you purchased from is a way of a quick sale.

A reputable dealer as most are will pay good money for a good truck.

BUT they will buy back to re sell which means they will want to make a profit and will have to allow any costs incurred in any reconditioning to be taken from the price offered.

Don't get angry at them, again most dealers especially new car franchises will be as fair as the market allows them and if you have a truck covered in dents they must allow for the vehicle to be presented in a proper and decent condition.

The good thing here is that if you are dealing with a reputable dealer preferred a franchised dealer the payout to the banks and finance company should be automatic and you will have to sign paperwork explaining this to you in most cases. BE AWARE that a late payment on this payout will effect your credit rating not theirs.

consign

This is a desperate option, Like all types of consignment the selling price you will originally agree on is very rarely the price that the vehicle will sell for.

Emotions run high as your expectations are locked in to the price discussed originally so when the consignor of the vehicle returns with the old market is down trick and can only get X instead of Y you will usually let the vehicle go and suffer the less than expected amount. Be smart aim high and consider realistically what you need should a offer be offered to you.

I am aware that the practice of the consignor achieving a good price and the consignee being told that it sold for a lot less. Some huge profits have been made by a minority of dealers using this method. Also be aware that the dealers will prefer to sell their own stock before selling a consignment unless financially worthwhile. Again you must rely on the consignor to make the payment to the financial/bank institution . Again these people must payout out your loan ensure it is done promptly as it will effect your personal credit rating or your ability to re finance .

Auction

Dare I say it Logically in today's society this seems to be the nearly best option. The auction houses of today are usually large and specialized. They heavily promote through the internet and local papers and dealers will buy from them as the market to find quality stock is shrinking in the non franchised yards.

Dealers usually pay better money at auctions than outright most like the auction environment and like to be seen to be a competitive buyer.

Stick with the big auction houses or the ones you are 100% familiar with.

Remember they will charge a fee and your vehicle should be presented properly ,in the states for RWC compliance you will need to ask if this is required prior to your vehicle being offered for auction.

They are usually clear on there terms and conditions and will inform you on what must happen to any payout to finance companies/banks. In many cases the payout once a vehicle is sold may take 7 - 10 days to process make certain you are clear on these issues prior to sale.

summary

If time is on your side may I suggest the private method followed by the auction method .

Please do your homework and find information out first hand and don't be guided by hear say on the value of your truck. A good truck will make good money.

Ford f series search engine

Selling your truck

Private sale:

Sell back to dealer

consign

Auction

Last update Tuesday October 28, 2008 About Us - Feedback-Privacy Statement-subscribe