Car Dealers That Accept Bad Credit

05 Feb 2020 02:24
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1. Car sales - The different solutions for selling your four-wheeler
? From individual to individual

If you are a good seller by nature, if you know how to negotiate without being impressed and especially if you have the time, this formula may suit you. So you can sometimes sell your automobile for the amount you want. However, do not harbor too much hope in this sense because potential buyers learn about market prices and have the annoying tendency to underestimate automobiles.

As for classified ads on specialized websites or local press, they are simple but the car transaction is not without risk. Falling on an indelicate buyer who pays with a bad check, or flees after trying the vehicle, are mishaps that happen when the seller does not take enough precautions.

The administrative aspect is also one of the disadvantages. The transfer of a car to an individual means that a long legal procedure follows. You will be required to provide a number of documents including: proof of technical control, declaration of transfer and certificate of non-pledge.

In addition, this resale method does not allow the repurchase of an accident vehicle , unless it is sold part by part. CT evidence generally requires remedies. Only specialized sites such as vendezvotrevoiture.fr accept the sale of a vehicle in poor condition.

? Car dealers

The repurchase of your car by a dealer is quick and saves you from administrative hassles. However, there is a high risk that the recovery will not happen at the desired amount or will not happen at all. This type of buyer only accepts certain models and in good condition. In addition, resale is often subject to the purchase of a new four-wheeler from the range offered by the dealer. This formula is therefore interesting provided that you plan to change vehicles in favor of a model of the same brand.

? Takeover by a car agent

The auto agent acts as an intermediary under mandate on behalf of individual customers. He negotiates in France and abroad (mainly in the European Union) with car dealers, suppliers and distributors.

The transfer of your car to an auto agent is not conditional on the purchase of a new four-wheeler. The takeover by is also reliable and the administrative procedures fall to him.

However, they usually deduct high fees for overhauling the auto. The amount of the resale is thus often below the market price.

? Do banks and insurance companies also buy cars?

Insurances can in certain cases buy your car. This possibility occurs in particular within the framework of the economically irreparable vehicle (VEI) procedure. This formality was put in place to strengthen road safety by preventing the circulation of a four-wheeler which would present potential dangers.

The banks, while most offer very advantageous car loans, do not manage the sale of used cars. The only case where banking or credit institutions take back used cars is bankruptcy or foreclosure. When the loans are unpaid, the pledged vehicle is seized.

2. How to sell your car correctly?
I want to sell my car , but I do not know the regulations that govern this process. If you choose to take back from an individual, there are many things to know and do. The sale of a used vehicle is an area where litigation is varied and frequent. The information below will interest any individual who plans to sell his four-wheeler without going through a professional service.

Please note that vendezvotrevoiture.fr guarantees total administrative support, as well as full legal protection.

? How does the legislation protect sellers of used cars?

According to article 1641 of the Civil Code, the seller can be exempt from the guarantee for hidden defects if he mentions in full on the car transfer contract that his vehicle is "sold as is and without warranty". This clause is only valid in transactions between individuals. However, it will be excluded if the buyer proves that the seller knew the defects of the vehicle before the sale.

Contrary to popular belief, the “sold as is” clause is not entirely sufficient to exclude the warranty for hidden defects. The buyer has a period of 2 years from the discovery of a hidden defect to initiate an action. However the law provides that when the seller is a private person, the latter could legitimately ignore the existence of these defects on the day of the transfer of the car. The law protects it only when the defects are:

After the sale.
Apparent.
Miners.
Reported by the seller before the sale.
Linked to normal wear and tear.
Linked to improper use of the car, lack of maintenance.
Likewise, one cannot speak of a hidden defect if the vehicle has in the past been the subject of major repairs but carried out in the state of the art and if they have allowed the four-wheeler to be used during many years.

There are two important points in LOA contracts that define the use of the vehicle: it is the maximum mileage and maintenance. When the motorist signs an LOA contract, he undertakes not to exceed a certain mileage at the end of the contract. If this mileage has been exceeded, each additional km will be invoiced to it, the cost per kilometer varies between 5 and 10 euro cents depending on the concessions. This amount will therefore be invoiced to the nearest kilometer as soon as the car is returned.

Another important point is the maintenance control , especially if the motorist has chosen to carry out the maintenance on his own. He is required to comply with the manufacturers' recommendations regarding the maintenance to be carried out, all of this must be justified by the maintenance book but also via the various invoices . Traceability is part of the requirements of concessions to be able to put the vehicle back into circulation , either via a second-hand leasing or via a sale on the second-hand market. Note that the condition of the tires will be checked.

This is a common question of many motorists, whether it is possible to return the car even before the end of the contract. It is not possible to return the car before the end of the LOA , simply because the leasing contract provides for the obligation to reimburse all rents. It is however possible to terminate the contract before its term, several solutions are available:

Buy the car : a discounted purchase option is set from 13 th month for each months until the end of the contract. The motoristDealers That Accept Bad Credit Of Cars can therefore buy back the car at any time by paying the requested amount.
Resell the car : if the motorist does not wish to keep the car, then he can try to find a buyer, the latter will have to pay the amount of the purchase option for the month concerned directly to the lessor. This results in the termination of the contract.
Buy back the leasing : more and more motorists are thinking about buying back leasing , it is an operation consisting in buying back several loans including the current lease, this allows you to settle the purchase option and become owner of the car, which then allows you to resell it and recover the amount of the resale.
Transfer the leasing : this is the most economical solution, it consists of finding an individual who accepts to take over the current leasing contract , that is to say that he files a request to take over the leasing and undertakes to reimburse the remaining rents. The former motorist is therefore released from all his obligations and from the vehicle.

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