Bus Selling Options
If after reading this you decide
to sell your bus on your own see Selling a Bus
for a complete discussion into all the areas you should prepare for and be advised
of. Selling Options - The two most common methods are 1) Sell it
yourself using whatever means you have, 2) list your bus as a consignment unit
with a used bus dealership. Following is a breakdown of the advantages and disadvantages
of each method.
Selling a bus yourself - most people
list their bus for sale in the local newspaper, put a "for sale" sign
in the windshield, and park it along a major road. Word of mouth may net you some
interest as well. Remember to keep your insurance up to date for test drives,
check persons drivers license if you do so, and make sure bus is in good running
condition. Also remember if you do not disclose something that you know
is wrong with the bus and the buyer later finds out about it, they now know where
you live. Clubs, rallies, flea market parking lots, car races, football games,
and personal contacts are helpful in getting the word out that your bus is for
sale. A serious buyer is going to want to drive the bus, test the water
and appliances, run the generator, check out the lights and entertainment options.
If something goes wrong, offer to correct it before completing the sale if it
is important to them. Don't offer any kind of warranty or assurances. Some
buyers may want to have your bus appraised by a surveyor or other third party.
If they are serious, and willing to put down a deposit, let them have the bus
evaluated at their cost. Make sure they agree to give you a copy of the results
to use for the next prospective buyer (if they don't buy). Stay with your bus
during this process, you will protect your interests and probably learn something.
Selling a bus yourself - ADVANTAGES
- could put literally thousands of dollars extra in your pocket, may cost
the least upfront, simple to start, if you are a full-timer using the bus to live
aboard this may be the only option, easier to do on buses costing less than $10,000.
Selling a bus yourself - DISADVANTAGES - might take a long time,
bus depreciates during this time, the longer it sits the harder it is to start
and drive, new buyer will know where you live (and may have been invited into
your home for negotiations), no support, nobody to help you during negotiations,
difficulty in securing financing for buyer, have to be there to answer the phone,
make appointments, and show the bus, could possibly underprice your bus, difficulty
handling the transfer of money and title (cashiers check verses cash, when do
they title the vehicle since it leaves your yard in YOUR NAME and in some cases
with YOUR license plate on it). Make sure they have their own insurance in place
before leaving. Paying a dealer to sell your bus - ADVANTAGES -
fastest most assured method of selling a bus, easier to get an objective price,
you have a "middle man" to handle some negotiations, insurance, title
work, deposits, escrow, you don't have to meet the buyers, your identity remains
somewhat protected, they show the bus, they pay for the marketing of the bus and
may in some situations have a ready buyer on hand, dealers are also there to advise
you and make recommendations based on many years of experience and their judgment
of the CURRENT market conditions, which change very often. Paying a dealer
to sell your bus - DISADVANTAGES - not an option if you are living in the
bus, could cost you as much as 15% in profits. Bottom Line - Price
the bus right the first time and it will sell. It may take a few months. Overpriced,
worn or troubled units take much longer to sell, if they sell at all. Anything
that sticks out as troublesome can ruin a sale. I have seen buyers literally flinch
when they looked into the portable plastic toilet bowl on a certain expensive
Class A motor home that was for sale. Minor problem of staining that was not addressed
may have been the issue that cost them the sale. If after reading this you
decide to sell your bus on your own see Selling a Bus
for a complete discussion into all the areas you should prepare for and be
advised of.
Our bus for sale prepurchase checklist is helpful when shopping for a coach. |