Sharing your VIN when selling your old car helps speed up the car-selling process and makes it more transparent about your vehicle's condition, which convinces the buyer to accept your vehicle.
Selling your old car can be daunting, especially if you have yet to gain previous experience. You might need to figure out where to start and be unable to identify what can help you make the process as successful as possible.
One of the unique things that I don't want experts typically recommend is sharing your VIN when selling your old car. This helps you become more transparent with the wire and provides additional benefits you should be aware of.
This article walks you through all you need to know to help you understand the benefits of sharing your VIN when selling your old car, and it also highlights some recommendations about how exactly you can share the VIN with the buyer and when.
What is a VIN, and why is it important?
Your vehicle’s VIN or the Vehicle's Identification Number is one of the most important pieces of information about your vehicle that you must know where to find and how it can benefit you. This VIN is a 17-digit code that details your vehicle’s manufacturer, model, production dates, and more.
If you don't know where to find the VIN, you could try one of the following:
- On the driver's side door jamb
- In the vehicles registration document
- On the dashboard
If you're struggling to find your VIN, you can check with your mechanic or ask the dealership if you purchased your car from a dealership.
So, why is the VIN important when selling a car?
Many car sellers wonder why this VIN would become important when selling a vehicle. The short answer is that sharing the IN with your buyer allows them to access the vehicle's history and learn about any previous accidents or services performed on this car.
We will provide you with a detailed list of all the potential benefits you can get from sharing your VIN when selling your old car.
Is it safe to share your VIN?
Some people think sharing the VIN with the wires is not a good idea because it involves sharing important security documents about the vehicle. However, that's not the case because the VIN is something general that does not include personal information about yourself, and it only highlights some history of the car.
Many experts encouraged sharing your VIN without potential wire and posting it on the listing to help the wire learn more about the vehicle and understand that you're not trying to hide anything about the car.
How to share your VIN with selling your old car?
The good news is that automotive experts provide a list of locations or occasions to help you properly share the VIN without dealing with any complications or consequences. Here are some tips:
1. Provide the VIN in the listing
The first and easiest thing you can do is to provide the VIN in the listing. For example, if you're creating a post on the Facebook marketplace or Craigslist, you could include the VIN in the vehicle’s description. You have to have this VIN clear enough and allow people to see that exit properly.
2. Show the VIN in the photos
Other experts prefer to provide the VIN in the photos. They indicate that most people are willing to look at the photos rather than spend time reading through the text. Therefore, by providing the VIN in the photos, you allow the buyers a much easier way to track the VIN and look For more information about your vehicle.
3. Share the VIN verbally
You can verbally share the VIN if you need to list your vehicle on any classified websites and have a potential buyer. This allows the wire to search for the vehicle and get more details about the vehicle’s history and any repairs implemented to this car on his own.
4. Provide the VIN in the contract
Finally, if you're not comfortable providing the VIN verbally at the beginning when screening the Buyers, you can provide the VIN at the final deal when you sign the contract. This information can be included before the buyer signs the dotted line at the bottom of the contract.
How does sharing your VIN when selling your old car help you?
Many still need clarification about what benefits you can achieve when sharing your VIN when selling an old car.
1. Established trust
The first and most critical benefit of sharing your VIN when selling your old car is building trust between you and the buyer. Remember that this VN provides the buyer access to the vehicle’s history and any potential repairs or upgrades implemented.
This way, you don’t have to worry about anything you're trying to hide or anything critical about the vehicle you're not sharing. Thus, the first thing that will happen is that the buyer will trust you and have a better chance of negotiating your price while giving you the right accurate offer.
2. Avoid fraud
The other thing you'll achieve from sharing the VIN with the buyer is that you're going to prevent fraud. Many buyers feel very concerned about buying a vehicle that was stolen or salvaged, so by sharing this VIN; you confirmed that you were the vehicle’s legal owner. Thus, the buyer will get more encouraged to check the vehicle and buy it even if it has some issues.
3. Provide accurate pricing
When the wire has access to the VIN, he will immediately understand why you're asking or listing your asking price. This helps you make the case that your vehicle is valuable and doesn't have any major problems that you're hiding. Also, the VI could be a great proof of any upgrades, enhancements, or potential repairs you've done to the vehicle.
Thus, the buyer will not have issues paying your ask price or negotiating a closing price to what you're asking for.
4. Speed up the buying process
Finally, by having the VIN listed in their photos or on the listing, you're fastening and speeding up the process of selling your vehicle. The buyer will immediately have access to the vehicle and can't understand all he needs to know about it before purchasing it. Thus, you don't have to worry about waiting for a long time until the buyer checks on the vehicle history or tries to bring in a mechanic to check on the vehicle.
Even if this happens and the buyer decides to bring a mechanic, which is fine, you will not have to deal with the long car-selling process anyways because the mechanic will confirm that the vehicle is in good condition, especially if the VIN confirms that.
What to do if my VIN shows Histories of car damage in my vehicle?
It shouldn't be a problem. Initially, you should be clear and upfront with the buyer that your vehicle has an issue or was involved in an accident. This way, you don't have to be concerned about what the buyer will say when he sees the car.
Many people will think that hiding this information about previous damages will help and enhance your chances of getting a higher deal. However, that's not always the case, and much time it could be just a waste of time and a scam for people.
Imagine that you have a vehicle involved in a major car accident or flood damage, and you listed it on Craigslist. Then, the buyers took a look at their car and didn't realize that it had any problems, so they decided to meet with you. At the meeting time, they immediately realized that the vehicle had a problem, and all that time was lost for nothing because the buyer immediately walked away.
Therefore, you shouldn't be too concerned about any history of car damages in your VIN as long as you're upfront and clear with the buyer. You can even provide details about what the accident involves and what damage it was to increase your chances of receiving a fair offer reflecting your current vehicle value.
Sharing your VIN when selling your old car provides many benefits that could help make the process as successful as possible. As mentioned in this article, some benefits include establishing trust, avoiding fraud, providing accurate pricing, and more.
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