Tag: private sales

Selling a car privately can maximize profits, but it also carries risks of scams and potential safety concerns. Common scams include fake escrow services, identity theft, installment payment schemes, and fraudulent checks. To protect yourself, experts recommend meeting in public, running background checks on potential buyers, setting time limits for inspections, accepting only cash (and verifying its authenticity), and having a legally sound contract that details all terms and conditions, including state-specific title transfer requirements.