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The Rapid Car Cash staff is constantly searching for information that we think would be of interest to anyone who want to sell a car.  When you think sell car, sell my car, buy my car, we hope you will find this information useful. 

6 Oct 2011    An Example of a Misleading Car Donation Website

 

Many times when people want to sell a car they think they might be better off donating it to a charity.

The truth is if you are actually physically donating the car directly to the charity that's a worthwhile and charitable thing to do and you should be applauded.

But unfortunately many websites are out there just ripping people off.  Just think about it, they're advertising on television and radio and giving away a free vacation when you donate your car.  How can they do that?

The answer is simple.  This company donates a very small percentage of the value of your car to a charity.  Pennies on the dollar!  They keep the rest of the money for their expenses which includes their own salaries.  Don't be fooled!  Don't be scammed!

Here's a link to the website - there are hundreds of others like it   Click Here

When you want to sell your car, just search sell car, sell my car or buy my car.  You'll find us, Rapid Car Cash.  If you want to support a charity, let us buy your car for the highest price and then take some or all of the cash and make the donation of your choice.  You'll be a lot better off, the charity will be a lot better off, and you'll sleep better at night. 

 
3 Oct 2011    Beware of Car Donation Scams

 

Did you Know?

  • Did you know that the vast majority of car donation programs are run by for-profit used car dealer/fundraisers?
     
  • Did you know that in many cases the lion's share of the proceeds from your auto donation go to the used car dealer/fundraiser, with at times as little as 10% going to the charity?
     
  • Did you know that according to the IRS, unless you donate your car directly to the charity and place the name of the charity on the title, your donation might not even be tax-deductible?
     
  • Did you know that even some well-known and respected charities are not licensed to legally process your auto donation in some states?

At fundraisingmom.com, we found all this out together with information about fraud, and we decided to pass on this information to help people wanting to donate their car. 

As of 2005, the IRS has published new guidelines limiting the deduction granted to the greater of $500 or the actual sale price of the vehicle by the charity. (See below.)

This new rule removes most of the profit out of the donation scams, and we expect to see a big drop-off in reported incidents.

The bottom line is BE CAREFUL. 

Starting January 1, 2005, if the claimed value of the donated motor vehicle, boat or plane exceeds $500 and the item is sold by the charitable organization, the taxpayer is limited to the gross proceeds from the sale.

To see what the IRS recommends to do to make sure your deduction will hold, click HERE

Download the IRS Non Cash Charitable Contribution form HERE

 

To contact us www.car-donation-scams.com. 

 
23 Sep 2011    How to Get the Highest Price for Your Used Car

September 21, 2011, 11:30 AM
How to Get the Highest Price for Your Used Car
By ANN CARRNS

Looking to sell your car and get a new one? The path of least resistance is to trade in your used vehicle at the dealership. But you’ll probably end up with significantly more cash if you sell it yourself.

Doing so, of course, requires time and effort — and even some cash up front. Michael Bor, founder of the CarLotz used car consignment outlets, advises spending as much as several hundred dollars to clean and service the car before you market it. He’s come up with a list of “Top 10” tips for selling your car. One suggestion that caught our eye advises taking lots and lots of photographs of the car — even, for instance, to the point of photographing each tire. That sounded like a bit of overkill, so I asked Mr. Bor for more explanation. Here’s what he said:

“Buyers are concerned that the wheels get ‘wheel rash’ during a bad parallel parking job — you accidentally get too close to the curb and your wheel scrapes against the curb. Real alloy wheels (not hubcaps) are really expensive to fix and replace so buyers want to know that the wheels are in good shape if they are going to pay top dollar.”

See the photo above, for an example of a “bad” rim, with some fairly minor scrapes.


Here are the rest of his tips:

1. Fix mechanical issues. Any problems that aren’t fixed in advance of a sale may scare buyers away, and invite low-ball offers that overestimate the cost of fixing the car. At a minimum, he advised, get estimates for the repair to give to the buyer.

2. Get an inspection and tuneup. Take your car to a garage for a state safety inspection to make sure that the basics (tires, lights and brakes) are in good condition. Ask them to top up all the fluids, and ensure that all maintenance lights are off and the tires inflated properly. This, Mr. Bor said, should cost less than $30.

3. Get a vehicle history report. Buyers will usually get a report from CarFax or a similar service, so don’t let an issue on the report surprise you. Even if you know the car well, there may be errors that can scare away buyers before they even respond to your ad. Read the report and call the reporting company to fix any errors. (A single CarFax report is about $35 online.)

4. Detail your car. Buyers love a clean interior – and hate a dirty or smelly one. So get a full detail of your car, including the engine bay, cup holders, a steam-cleaning of the carpet, stain removal, tire shine and air freshening. Have your detailer remove all bumper and window stickers and any sticker residue. This can be relatively expensive (up to $225), but your car will stand out and will further assure buyers that you cared for your vehicle. (If you smoked in your car, transported pets, or have unusual stains or wear on the seats of your car, invest in fixing these issues before listing. An ozone machine can take most of the smoke smell and pet odors out of a car, and many detailers will provide this for an added charge. ) Seat conditioning, which specialty automotive interior companies can provide, will make those worn seats look brand new.

5. Keep it clean. If your car is parked outside, rinse it off once a week while it’s on the market and before each scheduled showing. If you are using the car while it’s on the market, remember to keep the interior clean.

6. Photograph extensively. Take multiple photographs of your car for marketing purposes. Make sure to get exterior shots of all corners and sides, pictures of each wheel and tire, closeups of any special features (navigation screen, sunroof, DVD players, satellite radio buttons, power seat buttons), and all the interior seats in their various configurations (Take a shot of your S.U.V. with the back seats up and down, for example.) The best time to take photographs of your car, from a lighting perspective, is in the late afternoon.

7. Write it up. Write four or five sentences describing the year, make, model, mileage, condition, features and any unique history that buyers will either want to know or will find out anyway. If your car has been in an accident, disclose the details along with the repairs that were made and whether there are any lasting effects. Accidents, faulty mechanics and cosmetic issues won’t necessarily kill a deal, but dishonest or misleading characterizations will. Keep it brief, but include all the facts that you would want to know as a buyer.

8. Price competitively. Check out the Kelley Blue Book and Edmunds figures for your car as a guide, but then go through Craigslist, AutoTrader and Cars.com listings to see how similar cars are actually priced. Buyers will expect a 10 to 15 percent discount relative to dealer listings. Keep in mind that sellers have options –- if you price too aggressively, don’t expect your phone to ring off the hook.

9. List extensively. Put your pictures and story up on AutoTrader, Cars.com, Craigslist, eBay local, Facebook and any other local Web sites that people go to for their car buying. The extra spending to list it everywhere will ensure maximum exposure.

10. Respond promptly. When buyers call or e-mail, return their inquiries within minutes, not hours. Most buyers are looking at dozens of cars at the same time and, in many cases, the first seller to return the call gets the sale 


When you sell your car to Rapid Car Cash you avoid many of these hassles.  The information about how to improve the value of your car is very relavent.

 
23 Sep 2011    Scams to Be Aware of When Selling or Buying a Car

If gold is hot, con artists play up gold. So now that we're seeing some record-high prices for used cars, why not a used car scam?

Used cars continue to be popular, thanks to sluggish new car sales during the Great Recession and the reduced production levels during the quick-fix auto bankruptcies in 2009. The recession cut into pocketbooks and boosted demand for used cars.

"Values are relatively strong right now," said Alec Gutierrez, manager of vehicle valuations for Kelley Blue Book.

A 3-year-old car today is generally getting about 10% to 12% more than a 3-year-old car last year, he said.

So the online scam market is getting hotter, too. Scammers are hijacking real car ads from legitimate Web sites and engaging in live chats to answer questions. It all looks good -- especially the price.

But be warned, once the money is wired, it's gone.

From 2008-10, the FBI's Internet Crime Complaint Center has received nearly 14,000 complaints from consumers who have been victimized, or at least targeted, by these online used car scams. The FBI reported that victims lost nearly $44.5 million.

Consumers are being warned to simply walk away if a seller on Craigslist or elsewhere "promises" some sort of guarantees elsewhere, such as an eBay protection program. The con artists claim outside connections with eBay Motors, Edmunds and Kelley Blue Book -- to give the impression that there's some sort of buyer protection program to cover an auto transaction that's conducted outside that company's site.

The buyer tells the seller to send money to an escrow agent. The promise is that the cash will be held until the vehicle is delivered.

Of course, the escrow agent is a phony -- and the scammers are long gone. And that pretty red Honda Civic in the ad? The scam artists never had the keys to hand over, anyway.

Watch out for red flags when offered a used car deal online
When you need reliable transportation, the last thing you need is an unreliable deal on a used car that's priced so low you cannot believe your eyes.

Did I mention that the seller needs cash fast while dealing with a miserable divorce? Or claims to be in the military and is about to be shipped overseas?

"Our goal is to have these offers ignored," said Jack Christin Jr., associate general counsel at eBay.

Some people have been scammed out of $1,500 -- or even $10,000 -- on bad used car deals that looked legitimate by using names like eBay Motors.

"It's extremely traumatic for victims to lose that kind of money when the car doesn't exist," Christin said.

It's upsetting to think that you could have been a victim, too.

A retired couple in Pennsylvania exchanged about three e-mails in September with a man who claimed to be a cargo pilot and desperate to sell his 2011 BMW as part of his divorce.

He was supposedly selling his BMW Z4 roadster with just 5,924 miles for $15,270.

Talk about a deal! A new BMW Z4 has a base price of $47,450.

All the couple had to do was send $2,700 to Kelley Blue Book to show that they were serious buyers.

Yes, the deal did sound way too good to be true.

But the couple said the Vehicle Identification Number provided matched the car, and the online pictures looked good.

Maybe, the couple thought, this so-called Richard Pasley did not need the money and wanted to cheat his ex-wife out of extra cash. Still, the retired couple played it safe.

"I said to my husband, 'We are not sending $2,700 until we call Kelley Blue Book," said Darlene, who did not want her last name used because of her dealings with the scammers.

After a few tries to find the real Kelley Blue Book -- not the link listed in e-mails from "Pasley" -- she found out the real Kelley Blue Book does not even take money to handle transactions.

Consumers should watch out for some red flags here:

• Pasley was so busy -- like many scammers -- that he could only send e-mails. "I'm away most of the time I will not be able to deal in person," he wrote.

• The super bargain price was advertised at one site, but the seller wanted to complete the deal on another.

The FBI said criminals are pretending to use the eBay Motors vehicle protection program -- which is a legitimate program -- as a way to make the car deal appear solid. The con artists falsely assert that their sales are protected by liability insurance coverage up to $50,000.

"These criminals have no association with these companies," the FBI said.

• The seller was in a super rush to get the money.

"I don't want to offend you, but the car is priced for a fast sale so please if you intend to apply for a loan or financing do not reply to this message!" the scammer wrote.

Christin said the scam sellers are always in a hurry and have some compelling story to make you think such a low price could be realistic.

• The only way the Pennsylvania couple could see the BMW in person was by sending money first. "You will deposit $2,700 to Kelley Blue Book and they will keep the money until you will receive and inspect the car. You will have a 5 days inspection period. If the car is not as described it will be shipped back on my expense and they will give you a full refund," the e-mail from the advertiser said.

Oh, sure. What's more likely is that you won't see any car -- and you'll never see your money again, either.

As part of the legitimate eBay program, used car buyers would not pay for a used car or truck via Western Union or MoneyGram, either.

Robyn Eagles, a spokeswoman for Kelley Blue Book, said scammers falsely using the Kelley Blue Book name have been active in the last 30 days. A lot of the e-mails and Web sites look legitimate.

How can anyone believe these guys?

Some scammers have added the new twist of online live chats in e-mails.

"It's a way to create a sense of credibility with the potential victim," Christin said.

But the huge red flag should be the price that tempts any buyer in the first place.

Like a BMW marked at more than 65% off a base price?

"I kept saying, 'How was this one so cheap?' " the Pennsylvania retiree said.

Repeatedly asking that question saved the couple $2,700.

Contact Susan Tompor: 313-222-8876 or stompor@freepress.com 

 
21 Sep 2011    Selling a Car

10 Steps to Selling Your Car

Step 1: Know the Market


Here are 10 simple steps that will help you turn your used car into cash. Everything from pricing to advertising and negotiating is covered in this short, easy-to-follow process.

Step 1: Know the Market

Is your car going to be easy to sell? Is it a hot commodity? Or will you have to drop your price and search out additional avenues to sell it?

Here are a few general rules to answer these questions:

  • Family sedans, while unexciting to many, are in constant demand by people needing basic, inexpensive transportation.
  • The sale of convertibles and sports cars is seasonal. Sunny weather brings out the buyers. Fall and winter months will be slow.
  • Trucks and vans, used for work, are steady sellers and command competitive prices. Don't underestimate their value.
  • Collector cars will take longer to sell and are often difficult to price. However, these cars can have unexpected value if you find the right buyer.

Your first step is to check on-line classified ads to see how much others are asking for your type of car. Edmunds.com Used Vehicle Locator and other Internet sites allow you to search with specific criteria. For example, select the year and trim level of your car and see how many similar cars are currently on the market. Take note of their condition, mileage, geographic location and selling price so you can list your car at a price that will sell it quickly. 

To continue and read the full article  Click Here

 
28 Jun 2011    Buying Another Car? Should you sell your car first or trade it in.

For many people in the process of buying a new (or newer) car this is one of the most frequently asked questions.

Both trading your car in to a dealer and selling it outright before you buy your next car have their own unique advantages and disadvantages.  Let me give you some of the information you will need so you can decide for yourself.

If you are buying your next car outright without a trade-in you are facing a much simpler transaction.  Often the trade-in allowance a dealer offers you may not be a realistic figure because they typically combine the discount you would normally get on the new car with the value of your present car.  In other words let’s say you’re buying a car with a list price of $20,000 and the dealer appraises your trade for $10,000.  The dealer would normally sell you the car outright for $18,500 but to make you feel better about your trade he might offer you $11,500 for your trade-in, but keep the selling price of his car at $20,000.  The difference you pay comes out the same either way, but when you don’t have a trade because you may have already sold your car you will get a much clearer picture of the transaction.  In most cases you will able to negotiate a better overall deal for all cash (or financing) than you would with a trade-in.

If you are financing your next car and you use cash as a down payment rather than a trade-in you will generally have more flexibility in terms of getting your loan approved.  The bank will generally favor a cash down payment over a trade-in.  Plus if you’ve already sold your car for cash you will have the option of using some of that money for other things as long as you meet the banks minimum requirements for a down payment.

On the other side of the coin many states assess the sales tax on a vehicle purchase on the net difference between the purchase and the trade-in.  So if your present car has a higher value you need to factor the sales tax differential into your equation.

At Rapid Car Cash – www.rapidcarcash.com  - we buy cars and that’s all we do.  You can rely on us for honest advice and an honest appraisal on your present vehicle.  Before you trade your car into a dealer it pays to spend a little time and asses the transaction both as a clean purchase and as a transaction trading your car into the dealer. 

 
28 Jun 2011    Selling Your Car

Do you want to sell your car?  There are many reasons why you might, such as having an extra car that’s no longer needed, moving, can no longer drive, a car as part of an estate or just because you just need money.

There are many ways to advertise your car for sale.  You can buy an ad in a newspaper, post to Craig’s List or on one of many vehicle selling websites like www.AutoTrader.com or www.Cars.com.  You can put a sign in the window.  No matter which alternative you choose you must be prepared to deal with all the hassles you are likely to encounter along the way.  You may receive calls from car dealers offering to take your car in trade if you buy a newer one.  You may get calls from people wanting to see or test-drive your car.  You will wind up waiting for these people to show up at you home often cancelling their appointment or never showing up at all.  You will run the risk of never knowing who is coming to your house; after all there are a lot of shady characters out there.

Then if you do make an agreement to sell your car you often have to wait while your buyer obtains the necessary financing and insurance or maybe even approval from a wife, husband or friend.  Many times your deal will fall through if the buyer can’t meet all the qualifications to get the financing or insurance or if they just plain change their mind, called buyer’s remorse.

There is better alternative; Rapid Car Cash.  The folks at Rapid Car Cash will pay you cash on the spot for your vehicle.  There’s no waiting.  You will avoid all the costs and hassles associated with selling your car privately. 

Will you get as much from Rapid Car Cash as you would from a private buyer?  Because the folks at Rapid Car Cash are experts in buying cars and are familiar with the values on the most up to date vales used car market, you will find that more often than not Rapid Car Cash will pay you as much as you might get from a private buyer.  Even if what you get is close to a private buyer sale you will find it’s better to use Rapid Car Cash than attempting to sell your vehicle yourself.  You save on advertising costs, your time and aggravation and best of all you have a guaranteed sale that can’t be cancelled and the money will be your hand on the spot. 

 

 

 

When you think sell my car, buy my car, cash for car or sell car we are here.