Really great job sharing your experience-and THANK YOU! I’ve been searching for information on how to safely sell my vehicle privately and only after spending A LOT of time did I finally stumble upon the PSE via KBB. Why there aren’t more KZitemrs talking about it, I don’t know! Especially those who PRETEND to be advocates for us automobile consumers! 😒
@Antiqueexcavator
Ай бұрын
I agree. I was looking for solid dependable independent information. Finally found this post!
@robertcohen752
6 ай бұрын
Going to sell a car for the first time on Autotrader. This video was very helpful. In fact, I also have the car listed on FB Market Place. Each person that is reaching out to me, I'm directing them my Autotrader listing. I'm also now sending them the link to this video. Thanks for taking the time to make this!
@beowulf555
4 ай бұрын
How was your sale? Did it sell fast? Do you have to mail your pink slip to Auto Trader after detaching the top portion?
@chezsuzie
Ай бұрын
This was how I sold my car too. It had low miles and was in excellent condition, so my asking price was not cheap. I did get a TON of really ridiculous low ball offers, including LOTS of offers from sleazy dealers who REALLY wanted my car so hounded me constantly! but I knew that my car was worth more - and that it was in a condition that would practically sell itself. Luckily, I was also not in any real rush to sell, so held firm. It did take a while (about 2 months), but I finally had a serious buyer who initially made contact via FB marketplace. I directed him to the Autotrader listing and he made an offer. Once he accepted my counter, it was pretty much smooth sailing following Autotrader’s set up.
@powtology9158
6 ай бұрын
Thanks for this information video. Glad you got a low mileage and cool Taco.
@ajm82
7 ай бұрын
Thank you. Im looking to sell there but the way you've explained is so good that I'm following it the other way around.
@zalepletcher730
3 ай бұрын
Also, when selling on autotrader, you cannot opt out of Private Seller Exchange. So if you have a high price car you are selling, say $60K, they stick you for $600. 1% It is kind of chicken when you have to use their service whether you want to or not.
@Antiqueexcavator
Ай бұрын
Great video! I am currently in the process of selling a vehicle for the first time on Autotrader. So far I agree with everything that was said. I am currently at the stage where the buyer and I agreed on price. I’ve accepted his offer. He has transferred his funds to autotrader. Today is Labor Day so I assume when the banks open tomorrow I will be notified that the funds are available and to arrange for pick up. I’ll keep everyone posted.
@chezsuzie
Ай бұрын
Congrats! Sounds like you have a pretty easy-going buyer! My buyer didn’t even want to test drive the car! Once he accepted my counter-offer, he paid and I delivered once Autotrader confirmed that they had the funds. (It did take a few days to clear.) Here’s hoping all goes well with your transaction as well!
@Mango_Productions
10 ай бұрын
I just got my asking price offer on Autotrader's private seller exchange platform. I wanted to research into it before accepting it. Thanks for the video. There really isn't much information on it out there.
@BoomerMafia-1961
10 ай бұрын
Glad it worked out well for you. I hope more people discover the service and are able to get more for their vehicles privately rather than a trade in.😊
@tmarks8080
7 ай бұрын
Super helpful video. Thank you!
@mikemir121
25 күн бұрын
Question: How does the financing works? What if you like to buy it cash? I am afraid a lot of seller/buyers don't like to go thought some of the processes here that takes longer than going to a dealer.
@archermark29
5 ай бұрын
Great video, I am currently selling my car on PSX and the experience has been going well so far, my sale is currently pending so I am just waiting for the seller to pay. Thanks for supplying this info
@Maxst33le
Ай бұрын
Psx?
@Antiqueexcavator
Ай бұрын
How did the rest of the sale go. I’m currently at the same stage (awaiting cleared funds). Thank you!
@chezsuzie
Ай бұрын
@@Maxst33lePSE or PSX = Autotrader’s “Private Seller Exchange”
@RobertJWood-vn1zl
8 ай бұрын
Great video, I'm about to buy through PSX and this put my mind at ease. Did you do wire transfer or ach? I was a bit skeptical since ach requires inputting your login credentials with Plaid for your bank
@BoomerMafia-1961
8 ай бұрын
I went through my bank using a 3rd party service (they provide it) to move money from my account to their account. Felt safe n secure. Good luck
@askme3732
8 ай бұрын
Thanks for the video! I'm buying a car now and need more information about the payment process.
@BoomerMafia-1961
7 ай бұрын
Done with an escrow account. Buyer and seller do not transact directly. Monies are disbursed when seller meets the requirements for the transaction. I’m satisfied with the ease and safety in this day and age of scams and insecurity.
@ld4974
Ай бұрын
My concern is that I have to pay for the car and then later pick it up. Gives the seller time to take things out of the car that were there when I test drove (manuals, wheel locks, etc) or even switch out the tires.
@adamwiseman5831
Ай бұрын
Thanks. Great video
@treeskier802
2 ай бұрын
I’m currently trying to buy a car I don’t think the seller understands how to use autotrader. It’s been frustrating.
@courtneyk6986
9 ай бұрын
We live in Arizona which does not charge sales tax for private sales of vehicles. However, it is unclear how this works through Autotrader, if Arizona would consider this as a “dealer/broker” service and we are going to have to pay sales tax. There is no information provided on this at checkout other than the $199 escrow fee you mentioned. Can you tell us your experience with this?
@BoomerMafia-1961
9 ай бұрын
The transaction with the government was done separately. I was 100% responsible for registering and paying taxes. The escrow fee covered the financial exchange between the two parties, temp plate, and liberation of title from seller to buyer. I paid cash but for folks that get a loan I imagine there is some extra foot work as there is a lien to be applied listing the lender. That part I do not know how it works. The service provides much needed peace of mind of mind in this day and age of thieves and fraudsters. The $200 fee provides much needed protection as the funds go through an escrow and seller and buyer are financially isolated.
@courtneyk6986
9 ай бұрын
Thank you for the great info. When you made your offer, were you presented with an estimate of the taxes and fees due relevant to your state so you had that info prior to "checkout"? Our checkout process is not providing any estimate of additional costs beyond the $199 so feels a bit unclear. @@BoomerMafia-1961
@jay-in-az
Ай бұрын
Same question here. In Arizona, if the title shows you are buying the vehicle from anyone but the private party you will get hit with sales tax when registering. Auto trader web sight says you are buying the vehicle from them so that is a huge issue!
@Antiqueexcavator
Ай бұрын
@@jay-in-az
@jay-in-az
Ай бұрын
When you buy a vehicle and receive the title from auto trader, does it say the owner is auto trader or the private party who sold the vehicle?
@BoomerMafia-1961
Ай бұрын
The vehicle owner. Autotrader is just an escrow agent more or less.
@h3av3nlyfoo11
5 ай бұрын
great video
@proverbs3_5-8
4 ай бұрын
Thank you for sharing.
@driger888
8 ай бұрын
whose name is show on the bill of sale and title? the private party seller or autotrader?
@BoomerMafia-1961
8 ай бұрын
The buyer and seller parties are on the bill of sale. Autotrader handles the escrow account and temp plate so you can drive it home legally. It’s well made and organized. I was impressed for sure.
@driger888
8 ай бұрын
@@BoomerMafia-1961 thanks, thats important to know in states that don't pay sales tax on private party sales. in the 5 states where autotrader has a license, autotraders name will be on the title.
@MeauxGreenMusic
8 ай бұрын
Good work Boomer 👏🏽
@stephenfiore9960
7 ай бұрын
…Sounds scary-too many legal implications, please comment on the following: -test drive with a stranger? -test drive not knowing if the car is registered or insured -if a stranger gets in an accident on your insurance, your insurance is going up, right?? -picking up car from the owner once paid- what if they scam you -who proves whose name is actually on the title or if there is a lean on the vehicle -can you get the vehicle inspected by a car dealership before buying
@BoomerMafia-1961
7 ай бұрын
Life has risks and this service is all about managing those risks. The main benefit is the escrow service handling the paperwork and monies. They also handle the title process in some states and collect the title from seller before paying the seller. Insurance wise I have no opinion on that. I assume you can ask the buyer to produce insurance before test driving. For protection you can meet at a public place and gauge the person to determine how safe, but I carry and thus have no fear beyond the unusual.
@Antiqueexcavator
Ай бұрын
Before the test drive the buyer is required to submit a copy of both their license and proof of insurance.
@chezsuzie
Ай бұрын
I listed my vehicle on Autotrader and totally expected that the vehicle would be inspected and actually chatted with one of Autotrader’s associates about it. Apparently on the buyer’s side, Autotrader gives them a bunch of options-one is that they can request a vehicle inspection, in which case Autotrader can act as third party to select a local mechanic to have the car checked out. I believe Autotrader will even cover the cost? in order to help ensure an independent review of the vehicle.
@chezsuzie
Ай бұрын
@@Antiqueexcavator Yes, actually it seems like there’s quite a lot of hoops that both buyers and sellers have to jump through in order to transact on Autotrader. And the key is to stick to their protocol. As a seller, I was adamant about doing everything through Autotrader, following their steps and advice to a tee, which thankfully Autotrader makes pretty clear-they’ve got the whole thing figured out and so it almost feels like they’re “holding your hand” throughout the process.
@shanebruce1566
9 ай бұрын
😆 *Promosm*
@SkyCoreLLC
2 ай бұрын
PSE is a total scam. Why would you send your personal info to a random third party?
@Antiqueexcavator
Ай бұрын
What are you talking about? Who’s the random third party? Are you referring to “Plaid”? If so, they are agent that transfers money safely and securely from one bank to another. They are a legit company.
@lingchen2
3 ай бұрын
Blah Blahhh Blahh.... Private seller is an Autotrader scam of OUR selling Price!
@zalepletcher730
3 ай бұрын
Kind of agree as a seller. 1% is high if the car is a higher price model. If a $20 k car. no big deal. I don't like the fact I would be giving up my car, letting someone drive off with it, and sending in my title by mail and waiting on my money. jmho
@zalepletcher730
3 ай бұрын
also , I am not seeing where the buyers have " verified identities" on some of the inquiries I am getting on Autotrader. That is an issue.
@lingchen2
2 ай бұрын
***** ABSOLUTE 💩 SCAM BY AUTOTRADER*** AVOID! AVOID! AVOID!!
@lingchen2
2 ай бұрын
SCAM AVOID!
@Antiqueexcavator
Ай бұрын
@@lingchen2 I just went through the e tire process as a seller. Everything went fine. Why are you saying it’s a scam? Not calling you out just seriously wondering what happened so I can look out for it in the future. Thanks.
@Mail4dalej
8 ай бұрын
Thanks for taking the time to make the video. I just ran in to this service and am looking at using it.
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