Sellers Frequently Asked Questions:
Buyers Frequently Asked Questions:
What does it cost to sell my car at Buggy
Bank?
You
pay a setup fee of $100 plus an initial
contract fee of $295 for the first 4 weeks. You may elect to defer
payment of the intial contract fee. If deferred, all fees and other
charges due must be paid anytime you take your car off the lot.
You
will get a 1-week bonus upon sign-in if you pay the initial contract
fee up
front.
Regardless of the plan you choose, when the contract period expires, a
$20 daily fee is accrued
until paid.
A 4-week renewal contract is $295 and must be
paid in advance with both plans.
If you price your car at $3000 or
less we are offering a $100 discount on the initial fee and
renewals.
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What services am I paying for?
- Preparation of your car's ad and photo on our
website
- Coverage - Our website attracts thousands of buyers
from a wide geographical area
- Display of your car to the hundreds of prospective
buyers that come to our lot every day
- Vehicle market analysis with local
sales data to effectively price
your car for a sale
- Experienced and friendly staff to assist with the
info you need to stay on track for a sale
- Secure procedures for your vehicle’s inspections,
test drives or mechanics checks
- Twice weekly car wash service
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Does what I pay include the internet
advertising?
The actual display of your car's ad and photo
on the Internet is usually but not always available and therefore is
free.
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Can you help me post my car with other
Internet services?
As a courtesy, we will do whatever we can to
assist you on any site we are familiar with. If you provide us with
your e-mail address, we can post your ad with a link to our website.
You should be sent an e-mail that will contain your proposed ad. Your
responsibility will be to review, approve or edit, and publish.
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What attracts people to the Buggy Bank
Internet site?
Our main Buggy Bank web site is now getting
around 1,000 visits from individual internet browsers per day. The
"hits" are 20,000 or so on the average daily. We are one of the few
sites that actually list the SOLD price as well as the asking price and
a local market value on our Sold Vehicles
list. Whether you are interested in buying or selling,
this information is helpful.
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Is it worth it?
We think its a small price to pay to have a
secure place away from your home with professionals who administer your
test drives, handle the buyer inquiries. Our experience may just help
you remove a problem that could cause you to miss what might have been
an excellent opportunity to sell your car. Check to see how quickly
cars are selling at Buggy Bank.
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When should I bring my car in to sell?
There is never a bad time to sell. Good or bad
economy, season, or weather. People always need cars at a reasonable
price.
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What should I do before I bring in my car
to be sold?
- Bring current registration and insurance records.
Please check the expiration dates.
- Make sure the registration is in your name only. If
there are two names on the registration joined by “or” either party can
sell. Both people need to sign our contract if it has two names
separated by an “and” or a slash.
- You will not need an expensive detail, but you
should wash and wax.
- Remove all items and clean the interior of the car
thoroughly.
- Remove all items from the glove compartment and
trunk, etc.
- Make sure it runs smoothly, and is safe to drive.
- Complete any critical repairs.
- Make sure your battery is healthy.
- Bring your car in with a full tank of gas.
- Bring two sets of your car keys, if possible.
- Be available for callers, or have answering system,
and respond promptly.
- Locate the title of your vehicle in preparation for
the eventual sale.
- If the car has a lien, ask the lienholder for a
smooth transfer procedure for your buyer.
- See our Seller's Tips for more information.
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What happens when I bring my car in to
Buggy Bank?
You sign-in. We'll do a "walk around" to note
the condition of the exterior, interior and engine. We will take a
photo of your car for the free Buggy Bank web site. We will ask for and
record you current registration, insurance and we assist by presenting
you with local market statistics, and other factors that may have a
bearing on your car's ability to sell in today's market. Depending on
the year, make, model, price range, condition and your particular
needs, we will do our best to present you with an advantageous way to
market you car. Allow 30 minutes to an hour for this process.
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What do I have to do while I am waiting
for an offer on my car?
Normally nothing. Go about your business and
life without the distractions. As your agent, we will professionally
handle the inquiries, the on-the-lot inspections, and test drives. Stay
in touch and make sure our calls are answered. Call in once a week
yourself to get an activity analysis from one of our staff members.
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What happens when someone wants to buy my
car?
Once a buyer has done the research at Buggy
Bank and wants to make an offer, we will tell him or her to give you a
call. If a diagnostic or "Mechanic's Check" is requested, you will give
your approval to us and we'll make secure arrangements. If all checks
out well for the buyer, and he wants to proceed, then you would both
come to Buggy Bank and we would assist you with the paperwork for DMV.
You would bring your title and current registration, and you would have
instructed the buyer to bring a cashier check for the amount of sale.
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Who are the sellers?
People like you who have busy schedules do not
have the time to meet every potential buyer. Private individual sellers
are saying no to costly trade-in deals and to paying thousands in
dealer commissions. They prefer to display their cars in a respected
and reputable business that provides a secure place away from their
homes with professionals who administer test drives, and handle buyer
inquiries. They enjoy having their car displayed on the free Buggy Bank
web site. You will find that the sellers, in general, are very pleasant
to deal with as one of their reasons they are using our services is
that they are attracted to a hassle-free family oriented environment
like Buggy Bank.
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Are there any sales commissions or fees
for buyers?
No test drive fees. No commissions. No
salesmen. The only person in charge of selling is the individual owner
of the car.
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How are Buggy Bank cars priced in today’s
market?
The best way to find this out is to check our sold cars list. This will also give you a
clue as to how fast these private party owners are selling their cars.
We also try our best to help the seller ask a truly reasonable price.
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How does Buggy Bank work to help me buy a
car?
You can check out a key to a car, check it’s
interior, listen to the engine, or test drive it if the owner has given
his OK. If you are interested in the car, please feel free to call the
owner as we are not involved in the negotiations. Request that the
seller call us and authorize you by name to take the car for an
extended drive on the freeway or to a mechanic for a diagnostic. When
you have agreed with the owner to buy, we will assist you and the
seller with your DMV paperwork to conclude the sale.
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Is there anything I should check or know
about before I come to Buggy Bank?
Yes. Call to make sure the car you are
interested in is going to be available. If you want to just check the
car out, a current driver’s license is sufficient. We will retain your
license, give you the key, and enter you in our database. If you plan
to drive, then we also need a credit card to hold as collateral. Test
drives are limited to a 20-minute local drive. The idea is for you to
just get a feel of the car. If you really want to “test” it, then
please call the owner for permission. Test-drives stop one hour before
closing time.
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