Make money selling american cars overseas

Used cars and SUVs owners attempting to sell your vehicles - there is a light at the end of the tunnel and it's not an oncoming train. There is a market for your used cars and SUVs if you're willing to sell them to overseas buyers. It's not as difficult as it sounds. The market for SUVs , for example, is still strong in places like Russia, Central America and South America. Now for the bad news: Jorge Rodriguez, GM of Warren Henry Range Rover in North Dade, Fla.

It's not that difficult. A lot of people don't do a lot of it because it's an unknown. Used cars in the United States are popular, Jorge explained, because they tend to be in better shape than their counterparts in other parts of the world.

After all, most people are good about maintenance and our roads are generally in better shape.

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Mary Thompson, who co-hosts with her husband Chuck a weekly radio show in Georgia, sold her used Hummer to a dealer in Germany. She reports the transaction was relatively easy and offers some good advice. I'm going to share her experience, as well as advice Jorge gave me in an interview. The German dealer found the Thompsons on eBay, where he would go to purchase several other Hummers.

Don't be concerned about the language barrier. Most Europeans and people from other parts of the world are going to write English well enough to conduct a business transaction. If not, I'd recommend freetranslation. We at first said we were not interested and did not want to deal with the hassle of coordinating the shipping of the vehicle etc.

He would wire the entire amount up front. Mary said she and her husband received close to their asking price. We really did not think we could sell it for that, but since the dollar is high in Germany and he has high demand for Hummers in that country, plus we had some nice after market upgrades that we put on the Hummer and it was very clean, it was just what he was looking for as he could still make a nice profit.

Jorge said every used car his dealership puts online has 45 pictures to accompany it. Plus, the dealership offers the CarFax report and makes the car available for independent inspection. As a matter of fact, the money had cleared for over 1 week before he even called to have his driver pick up the vehicle.

The driver picked up the car and drove it to the Savannah area where the car would go on a freighter and off to Europe. He paid for everything. Jorge adds an important nugget: In more than 20 years of selling, he's never had a problem with a wire transfer.

He will accept cashier's checks, but they have to be from a domestic bank. Even then, he prefers wire transfers.

We've given our account info to hundreds of customers. He also advises making sure your used car's title is clean and out of your name before the vehicle is shipped overseas.

The seller is also going to want a copy of the dock receipt and the bill of laden once the ship is on its way. The bill of laden also offers protection if the car somehow returns to the United States. You'll be able to document that it did at one leave the country on a boat. As Mary said, it's best when the buyer handles all of the shipping arrangements.

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Take a tip from car manufacturers - shipping is not part of your selling price. Typically, most eBay transactions involve the seller handling shipping, but in this case let the buyer handle it all.

Refer them to businesses called freight forwarders. As Jorge reinforces, "There is no cost to the seller. It's all to the buyer. There's also another reason not to handle shipping: Your liability as a seller ends once the title is signed over, unless you handle shipping.

Then you have responsibility until the buyer picks up the used car. Mary said she and her husband didn't have to worry about tax or customs ramifications because the buyer took care of all of these issues. The deal was done and paid for and it was up to him to deal with these issues. Sellers do not have any issues to worry about," she said.

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This way he is not getting a stolen vehicle. He has had good luck buying them this way as he purchased several in the states off of eBay," she said. Mary said she would do nothing differently about the process. Of course he paid for all the shipping, which had to cost a fortune, but he was still making money on these Hummers," she said.

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