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The choice to sell a car to a friend, family, or someone otherwise closely associated should have different considerations than to a neutral party. Some people are able to make the easy distinction that is necessary to conduct a business dealing with someone they are close to. Other individuals do not always fit that mold and find themselves in a difficult situation or at a loss. No matter what your personality type or how you view doing business with someone you're close to, it is a good idea to protect your end of the sale. After all, they are getting your used automobile. It is only fair that you receive what was agreed to.
Payment is one of the largest areas of conflict that come into play when trying to deal with someone you are close to. Often, we feel beholden to assist the individual we're close to and watch as each inch given turns into a mile.
The agreement for payment of your used car should be very clear, spelled out in writing, and have witnesses to the signatures. Set out a clear schedule for payment including amounts, dates expected, or increments of time. If it is a single payment, make a note of it. Determine and clearly state what will occur in the event that the buyer does not uphold their end of the agreement.
People are more likely to gloss over this step with someone they know as opposed to a stranger. The assumption is the buyer will be on the same page and be able to do what they are agreeing to. Unfortunately that is not always the case.
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Similar information should be laid out ahead of time with the used automobile being purchased. Define what exactly is being included with the vehicle and any other responsibilities that belong to the seller. This clarity provides protection for both parties involved in the transaction as there is now a paper trail of agreements to go back to.
Dealing with pricing and other such activities is largely up to how the seller wants to approach the deal. Hard haggling may not be the order of the day with a family member that you are trying to do something nice for. That is perfectly fine and entirely up to the involved parties. The part that causes the most problems for a car seller is the time period after the sale, when payment is supposed to be rendered but is not.
That is the primary reason that it is important to protect oneself regardless of who they are entering into an agreement with. A clearly stated, written agreement is the easiest way to keep both parties on the same page of the used automobile sale and reach an amicable conclusion.
