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How to Sell a Race Car

Sunday, June 20, 2010 4:00 PM Posted by Andy Subandono

By Alan Cassidy

When financial constraints start pouring in, racing teams need to weigh down their options. One of the options presented is the need to sell previously used race cars to help provide better finances.

When selling this type of car, you will need to do more than highlight its wonderful and awesome qualities. Take the following tips into consideration so you can better sell this type of car:

Tip 1: Scour online for websites, forums and communities that are interesting in car racing. Sign up for a free membership so you can meet people who are interested in buying what you are selling. Websites such as atmotorsport.com allow users to see used cars and allow interested buyers and sellers to meet online.

Tip 2: Take the best pictures of your car. You might also want to take pictures of your car while it is stationary and while it is in action. Since pictures translate a thousand words, be able to take powerful pictures so you can pique the interest of buyers.

Tip 3: This is the best time to use your racing connections. This community is wide and vast so your team can try to contact other teams and see if they are interested in getting another car. By word of mouth, you can find a prospective buyer.

Tip 4: Do not sell your car if you are still under a contract with a sponsor. If your sponsor will require you to use your car for a few more months, you cannot sell it before then unless you use buyout clauses. This will be another issue but it usually takes time. If you are in a hurry to sell the car, contact your sponsor and see if you can strike another better agreement from them.

Tip 5: Highlight the specifications of your car and have an expert certify it. There are a lot of mechanics who can certify the true condition of your car. Make a report and have a soft copy ready just in case a buyer is interested to see the specifications and the conditions of the car.

Tip 6: Highlight the "freebies". You can include extra wheels, spark plugs and other coveted parts of the car with the whole purchase. This is to create an idea in your prospective buyer that you are generous enough to include the whole package and then some. This will serve as the icing on the cake for many buyers.

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