Power of attorney to hand over a car for trade in

Program description

A regular car sale transaction involves drawing up a purchase and sale agreement, but such a scheme does not have much in common with a trade-in transaction. In general it looks like this:

• an old car is brought to a car dealership for diagnostics and inspection;
• if it meets the required parameters, it is left in the salon;
• the cost of the old vehicle is taken into account when purchasing a new car, all that remains is to pay the difference.

The auto center, as such, does not become the owner of the fitted car, which it received through trade in. In fact, the old owner remains the owner, and exactly until the vehicle is purchased and re-registered in his name.

This rule is connected with the peculiarities of the legislation, obliging the buyer to register movable property in his name within 10 days after the conclusion of the contract. For a legal entity, which is a dealer, such registration will cost slightly more than for an individual. In addition, every day the salon accepts dozens of cars under this scheme, which significantly complicates the process of registering them, not to mention the need to pay transport tax on the entire “vehicle fleet”. That is why, in fact, the center enters into an agreement on the resale of the vehicle, which automatically relieves it of all paperwork.

For the car owner, such a sales scheme also includes a number of advantages:

1. There is no need to look for clients, show them vehicles and be afraid that any problems will arise in the future.
2. There is no need to spend a lot of money on pre-sale preparation.
3. You can take out a loan to purchase a vehicle.

As for the shortcomings, this, of course, includes the somewhat underestimated cost of the machine, as well as the list of requirements for it.

General power of attorney for the sale of a car with a trade in

Required: drawing up an act with the seller, purchasing a compulsory motor liability insurance policy, passing a technical inspection, paying a state fee, as well as an insurance premium.
And this takes into account the fact that the car was not deregistered and it still had the old state identification number.

A simpler way is to issue a general power of attorney with the help of a notary in the name of the buyer, receive money for the sold car and save yourself from standing in a long line. This is where the advantages of a general power of attorney for a car end.

Possibilities by proxy The seller can draft the text of the document without the help of third parties, that is, independently. At the same time, it is necessary to indicate what possibilities the act of general power of attorney has in relation to the person to whom the car is being sold.

How cars are accepted at trade-in - exchanging old for new

Important But keep in mind that you will save your nerves, but not your money. And when choosing a trade-in service, you must understand and must be mentally prepared for the fact that your car will be valued below its market value. We advise you to weigh everything and make a decision that is beneficial for you. Below we will talk about the trade-in program and the pros and cons of participating in this program.

• Trade-in, what is it?
• Trade-in, what cars are accepted in showrooms under the trade-in program
• Trade-in program, features of such a service
• Trade-in program, what documents need to be provided to the car dealership
• Trade-in program, car acceptance procedure

Trade-in, what is it? If you decide to become a participant in the trade-in program, you can quickly sell your car to the selected car dealership.

Here you buy a new car at an additional cost.

Car exchange under the trade-in program

Nowadays, the contract between the car dealership and the person who sells the car must indicate the period within which the dealership managers must sell it. Under the terms of the agreement, the owner gives the dealer the authority to deregister, and information about who is responsible for the car is also indicated here.

In this way, the salon will avoid unnecessary complications. Accompanying documents In order for a car to be accepted through the trade-in system, you need to provide a complete package of documents, which includes: The car is registered with the traffic police: The car is deregistered with the traffic police: 1. PTS 1. PTS 2. Vehicle registration certificate 2.

Passport of the owner (seller) of the car 3.

Passport of the owner (seller) of the car 3. General power of attorney (if the seller is not the owner) 4.

General power of attorney (if the seller is not the owner) 4.

Two sets of keys 5. Two sets of keys 5. Technical inspection certificate (if available) 6.

Car by proxy, but trade in

Typically this is:

• the right to drive a car,
• the right to dispose of a car, including selling it to a third party, renting it out, exchanging it, pledging it, etc.,
• the right to monitor its good technical condition,
• the right to be a representative of the principal in the State Traffic Safety Inspectorate, the court, etc.,
• the right to insure a vehicle (including motor vehicle liability insurance),
• the right to pay taxes and fines, etc...

It is obvious how certain rights smoothly entail the responsibilities that arise for a trustee at the time a general power of attorney is issued to him.

But they are not always fulfilled. How to issue it and how much it costs As we said above, you can draw up the paper yourself (you will find a sample power of attorney for a car at the end of the article) or contact the services of a notary.

How to issue a general power of attorney for a car

Nowadays, you rarely meet a person who does not personally own a car and has not bought or sold it at least once in his life.

This is probably why the traffic police simplified the system for registering a vehicle, as well as the rules for using a car that is not owned by the motorist.

In 2021, before selling a car, the owner does not have to deregister it.

Attention

This procedure occurs automatically - after the parties enter into a contract for the sale and purchase of a vehicle.

The buyer can, at his own discretion, keep the old license plate or change it to a new one. In addition, at the beginning of 2012, the requirement for the car owner to issue a power of attorney (simple handwritten) to drive his vehicle was abolished.

All about sedans

Registration of a vehicle into your possession is possible at the moment when you need to sell the vehicle to another person, as well as buying it back in accordance with the act of purchase/sale. This is the main disadvantage, but there are a number of others:

• the risk of acquiring a “dark horse” (search, theft, pledge from a bank, discrepancy between license plates and those reflected in the registration documentation, etc.);
• The vehicle automatically passes into the possession of the heirs in the event of the death of the trustor;
• similarly (see

Power of attorney for the sale of a car - sample 2018

The person indicated by the owner of the car in the compulsory insurance policy can drive the car.

Registration of the so-called general power of attorney with a notary is also gradually disappearing, but some citizens still find this method of selling a car the most convenient.

What is the convenience of selling by proxy It will not be a secret to anyone that the procedure for removing or registering a vehicle with the State Traffic Safety Inspectorate when buying and selling a car is quite a troublesome and time-consuming matter.

You need to draw up a deed of sale with the seller, insure the vehicle with compulsory motor liability insurance, undergo a technical inspection, pay state duty and insurance premium.

And this is provided that the car has not been deregistered and it will retain the same license plate number.

403 - access denied

There is a document that, probably a week after registering the power of attorney, I bought a new one from their showroom. In theory, on credit, but I don’t know whether to tell the tax authorities or not. In general, save me, help me. What to do, where to run and what to write.

Should I tell them that I sold it and immediately gave the money for a new one? Did the exchange actually take place? But there is a temporary gap. While I was waiting for the car. The tax there turns out to be huge, the car has been owned for less than three years, it so happened that money was urgently needed. New on credit, and I simply have nothing to pay the 13% tax.

Ask for a deferment? Actually, I already paid taxes when I bought the car! I pay now when I pay off the loan for a new one.

Selling a car under a general power of attorney: is it so simple and safe?

debt on administrative fines or tax contributions;

• the identification numbers indicated in the vehicle documentation do not correspond to those printed on the body or power plant;
• The vehicle is on the wanted list.

Disadvantages for the seller The main disadvantage is that the vehicle will be the property of the seller until the buyer re-registers it to a third party in accordance with the requirements of the traffic police. Other disadvantages are as follows:

• annual payment of taxes for the operation of the vehicle by the trustee (this is often what happens);
• payment of fines for this vehicle at the place of registration of the trustee;
• The principal is also responsible (road accidents, theft, and other illegal actions involving his vehicle).

Risks of the acquirer When registering a “general”, the buyer will not be considered the full owner.

Source: https://aval48.ru/generalnaya-doverennost-na-prodazhu-avto-pri-trejd-in/

Is it possible to speed up the transaction?

As practice shows, speeding up the procedure for exchanging an old vehicle for a new one is quite simple. To do this, the car owner must adhere to a few simple rules:

1. It is best to offer the car to the same dealership where it was purchased. You can offer to exchange the car with another dealer, the main thing is that it cooperates with the same brand. In this case, it will be much easier for the salon to assess the condition of the car, track its service history, and determine the cost. As practice shows, it is in these cases that car dealerships offer the greatest value. If you offer your vehicle to a dealer who does not sell this brand, then it is likely that the minimum price will be offered for the car.
2. It is best to find out the market value of your vehicle in advance so as not to waste time arguing with the car dealer and proving your point of view. The easiest option is to go to the car market or look at advertisements for sale on the Internet.
3. There is no need to make minor repairs before selling.
4. It is best to use the vehicle in a manner that meets all requirements of the factory's Pre-Owned Vehicle Certification Program. As a rule, in this case we are talking only about timely maintenance, which is carried out at an authorized dealer. In such a situation, the car dealership will be able to offer a large amount for the car.

What is a trade-in and why is it profitable?

Using the trade-in system, a car owner can change a car in one day.
You will have to pay extra for a new one. Price of a new car - cost of an old one = extra payment for a new car.

Replacing a vehicle may take just one day. The client arrives at the salon in one car and leaves in another, new one. The service is implemented by dealers and car showrooms to increase the number of cars sold.

The trade-in system appeared in the Russian Federation relatively recently.

Trading in your car with an additional payment for a new one is beneficial for a number of reasons:

1. Save time. There is no need to prepare a car for sale, look for a buyer, show the car, answer endless questions and enter into bidding. A potential buyer may not want to purchase the car after inspection, then he will have to look for another buyer/place an ad and wait to see who else wants to buy the car.
2. Attractive conditions for purchasing a new car. Many car dealerships offer good discounts or expensive gifts (for example, a set of winter tires) if the buyer uses the trade-in system.
3. No need to walk. Having sold an old car in the usual way, from hand to hand, a car enthusiast is unlikely to immediately buy a new one on the same day. This means that for some time he will join the ranks of pedestrians. Using the trade-in system, the driver is free from such inconveniences.
4. Car loan. You can purchase a car using the above system on credit. Many banks reduce the interest rate on the loan for such a purchase.
5. Legal purity of the purchase. Dealers thoroughly check that the car is not under arrest and is not the subject of a pledge. Both the salon’s reputation and earnings depend on this.
6. Possibility only to sell. If you don’t want to buy a new car through a dealership, you can limit yourself to only selling your old car.

However, it is worth remembering that the trade-in system has not only advantages, it is worth paying attention to significant disadvantages:

1. Underpricing. The salon finds buyers who take the car a little more expensive than the price for which the owner sold it. The salon takes the difference and makes money from it. It turns out that the owner himself could find buyers and keep this difference in value for himself. Dealers quote a price below the market price because they immediately deduct from it the costs of storing and selling the car.
2. Limited selection. Salon managers will persistently convince you to buy what they already have. Moreover, they can persistently persuade the client to buy the car that it is profitable for them to sell, and not the one that it is actually profitable for the client to buy. This can be partially avoided if you look at the car in advance and immediately contact an authorized dealer.
3. Possible disappointment in a new car. The showrooms have both new and used cars on display. There is a great risk of buying a car that has already been driven by someone with all the ensuing difficulties in the form of repairs. The salon does not overhaul used cars; this is not profitable for dealers.

We suggest you read: If the wife is against divorce, but I want a divorce

Trade-in program, what documents need to be provided to the car dealership

In order for your car to be accepted through the trade-in system, you must attach a complete package of documents to the car.

If the car is registered with the traffic police, the following documents are required:

• PTS;
• vehicle registration certificate;
• the owner of the car must have his own passport;
• if the car is not sold by the owner, this person must have a general power of attorney from the owner;
• if there is a technical inspection, a maintenance coupon is required;
• if the car has been serviced, attach documents about the service;
• You must attach two sets of keys;
• a notarized power of attorney for deregistration of a car, which is issued to employees of the car dealership.

If the car is deregistered with the traffic police:

• PTS;
• the seller, if he is the owner of the car, must provide his passport;
• if the car is not sold by the owner, a general power of attorney from the owner must be present;
• if the car has undergone maintenance, attach the maintenance coupon;
• documents on deregistration;
• If servicing has been carried out, please attach the service book;
• two sets of keys.

If the salon accepts a car registered with the traffic police, the car dealership will independently conduct a theft inspection and check the VIN numbers.

Reception of a car for trade-in: features of the procedure for admission to the salon

At a certain period, any car owner is faced with the issue of selling a car. Often, to find a buyer for a used car, the owner has to spend a lot of time and effort, especially when the price is higher than the market price. But you also need to prepare the car for sale.

If you are too lazy to sell yourself or don’t have enough time for it, you can go to a car dealership and use a service called “trade-in”. True, if you manage to save time and nerves, then in some cases you can definitely lose up to half in the price that you wanted to get from the transaction.

Don't rush into making a decision. It is better to weigh everything and understand what is more profitable in a particular case. To do this, you need to figure out what kind of service this is, how and what cars are accepted for trade-in, and what the seller will receive by using it.

The essence of the buyback service

Using the trade-in program, the owner quickly sells his car to the car dealership, i.e. exchanges it for a new one at an additional cost. If the car owner decides to buy a new car, then the salon simply accepts the old one with all the documents, and the owner can only pay the difference in price. All worries about selling his old car fall on the shoulders of the car dealership employees.

If you look at it from the other side, when buying a car through the trade-in program, the car enthusiast is guaranteed to receive a vehicle “without surprises.” This means that the car has no criminal history.

And also there is no catch in its technical condition: it corresponds to what was declared, and there is also a full package of documents. Only the price for such guarantees, as a rule, will be slightly higher than the market value.

What kind of car will be accepted into the showroom?

Any car dealership has its own criteria for selecting cars. One salon accepts cars under the trade-in program only up to a certain year, another – only certain brands, etc. But all showrooms that accept cars have general conditions, such as:

• the car must be manufactured no earlier than 7-10 years ago;
• good technical condition;
• normal presentation;
• the car must be in demand.

The main goal of a car dealership is not to buy cars from the public, but to subsequently sell them and make a profit. Therefore, showrooms only accept liquid vehicles that are of interest to a potential buyer, which can be quickly sold without any hassle.

Features of the service

Previously, in order to sell a car under the trade-in program, its owner had to deregister it with the traffic police and leave it in the car along with the transit license plates. But, after the new regulations on vehicle registration came into force, the car is not deregistered upon resale.

According to the law, the new owner of the car must now register it in his name no more than 10 days after the purchase. But the salon, when buying a car, is just an intermediary. How are cars accepted for trade-in under the new rules? Initially, car dealerships were confused, and there were many questions regarding the design, but over time the scheme was adjusted.

Nowadays, the contract between the car dealership and the person who sells the car must indicate the period within which the dealership managers must sell it. Under the terms of the agreement, the owner gives the dealer the authority to deregister, and information about who is responsible for the car is also indicated here. In this way, the salon will avoid unnecessary complications.

Accompanying documents

In order for a car to be accepted through the trade-in system, you need to provide a complete package of documents, which includes:

The car is registered with the traffic police: The car is deregistered with the traffic police:

To accept a registered car, dealerships also need forensic examination and verification of the VIN number to ensure the legal purity of the transaction. But car acceptance managers carry out such procedures independently.

Admission procedure

There is a trade-in program in many car dealerships. In order to use it, you need to call and agree on the place and time of the assessment. Over the phone, the reception manager will tell you the approximate price. If everything suits you, go to the salon.

At the car dealership, the manager will conduct a full visual inspection of the car: body, paintwork, interior, engine for defects. Any minor error will negatively affect the cost. Next, the appraiser will conduct a conversation with the owner to find out the history of the car.

Then the car will be driven into the repair bay for an hour and a half, where a full diagnosis will be carried out. But the owner of the car will not be allowed in and will not be told exactly what errors were found. This is done to combat those who like free diagnostics, because no fee is charged for all assessment procedures performed.

After the procedures have been completed, the exact amount that the car dealership is ready to pay for the accepted car is announced. If the car owner is satisfied with it, a deal is finalized. Moreover, immediately after returning the car, you can purchase a new car in cash or on credit.

And yet, time or money?

By using the trade-in program, the car owner saves valuable time and nerves because there is no need to look for buyers. It is enough to bring the car to the dealership with a package of documents. In this case, the seller will pay for such assistance with the difference between the market and appraised value.

The trade-in system is more convenient for those who, after returning the car, plan to buy a new one at the same car dealership, thereby saving even more time.

If you voice your intention to purchase to the appraiser in advance, perhaps the estimated value of the car will be slightly higher, because the salon will be interested in such a deal and will not want to lose a client.

In any case, before making a decision, you need to weigh everything.

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Is notarization required?

The drafting of a document can also be delegated to a notary. In the case of individuals, only a general power of attorney must be certified.

Income received in kind is accounted for at market prices, excluding VAT (clauses 4, 6 of Article 274 of the Tax Code of the Russian Federation). Revenue from the sale of a car by a car dealership is determined based on the normal selling price of this product.

The cost of a car purchased by a car dealership is recognized as equal to the value of this car agreed upon by the parties in the exchange agreement (Article 320 of the Tax Code of the Russian Federation).

The main advantage of using an exchange agreement is the absence of circulation of funds between the parties to the transaction. However, the disadvantages of trade-in associated with taxation of transactions offset this positive effect.

Procedure for completing a Trade-in transaction

Based on the above, the procedure for purchasing a car using the system under consideration can be represented as follows:

1. At a dealership or car showroom that supports Trade-in, the car enthusiast chooses a new car.
2. By calling the phone number specified in the contact details of the salon, the citizen is informed of the preliminary cost of his car.
3. If the price at which they offer to change the car via Trade-in suits the car owner, he comes to the car dealership, where his car is inspected and thoroughly checked.
4. The final cost of the vehicle is determined.
5. With the consent of the car owner, the accepted amount is included in the partial repayment of the cost of the new car.

How to trade in your car correctly

If your used car meets all the parameters, you will definitely receive a positive response in approval of the Trade In program and the dealership manager will do everything so that you drive away in a brand new car, while the old one remains waiting for a new owner. Below we will look at the main stages of registering a program to exchange an old car for a new one.

Car valuation

You can get the first information about the cost of a car when it is trade-in while talking on the phone with the car dealership operator. But you should understand that the employee indicates the maximum possible price for the car. It is formed depending on the cost of used cars on the secondary market.

It is worth understanding that you can sell a car on the secondary market for a larger amount than when handing it over to a dealer. The trade-in program always implies a lower final cost of the car. But the difference in price is justified by the absence of the need to sell, which saves time.

After the car, which will be trade-in, is delivered to the car dealership, a procedure for assessing the value of the vehicle is carried out. To do this, a car dealership specialist is invited, who will have with him a device for checking the paintwork. The device will show whether there are any repainted body parts. The more there are, the lower the final price of the car will be.

During a detailed inspection of the car, the cost is formed depending on the following criteria:

1. Brand.
2. Model.
3. Age.
4. Gearbox type.
5. Additional options.
6. Engine power.
7. Set of documents.
8. Number of owners.
9. Mileage.
10. Condition of the technical part.
11. Appearance, condition of paintwork.
12. Interior condition.

Based on the results of the expert inspection, the price that a specialist is willing to pay for this car will be determined. If the car owner is not satisfied with the indicated price, then he can put the vehicle up for consignment sale through a dealer, but such a scheme is not available in all showrooms.

Payment

The trade-in program is designed to receive a discount on the purchase of a new car at a dealership that sells a used vehicle. It is impossible to receive money for the sale. When transferring a car under an exchange program, the client agrees to the terms of the agreement, which contains obligations imposed on the person. He must buy the car from the same dealer. It is impossible to return a car at one dealership and get a discount on a vehicle at another.

Change of owner

In most car dealerships, employees handle the procedure for changing vehicle registration data. But for this, the owner of the car must issue a notarized power of attorney to the person. The procedure is simplified thanks to recent changes in the conditions for re-registration, when changing numbers is no longer mandatory.

What will they accept?

Each car dealership sets its own requirements for accepting cars under the trade-in program. The applicant is guaranteed to be rejected if the vehicle falls into the following categories:

1. Has restrictions on registration actions.
2. Age over 10 years.
3. Used as collateral.
4. The cost is above 1.5 million rubles.
5. Rare models.
6. Poor technical or external condition.

Dealers are showing interest in cars that are in high demand on the secondary market. Foreign cars that are less than 6 years old are most readily accepted for trade.

"Consumer Law"

Misunderstandings arise even when buying a used car from a dealer. The purchase and sale agreement may not indicate all the defects of the machine, which are revealed only during operation. Then the Buyer Protection Law will come to the buyer’s aid.

The Law states that if there are deficiencies not specified in the contract, the buyer may present his claims within 15 days after the conclusion of the contract. To contact the dealer, you will need to take with you a sales contract and a letter of complaint indicating the problem addressed to the head of the salon.

A dissatisfied client may demand termination of the contract, as well as return the car for the full price or exchange it for another vehicle. If the problem entails additional costs, then they can only be reimbursed through the court. To do this, you will need to draw up a statement of claim and attach checks or receipts to it to confirm expenses.

Buying a car via trade-in in 2021: what it is, how to buy it, pros and cons of the program

Reading time: 6 minutes

Car dealers and manufacturers go to great lengths to sell their goods.

These include discounts, bonuses, gifts, and even the opportunity to exchange an old car for a new one or a used one, but better. In this article we will tell you what Trade-in is, because the service is beneficial to everyone without exception.

Let’s also compare it with the federal recycling program, which operates on a similar principle.

Operating principle and legal framework

Let's start with a definition. Translated from English, trade-in means a method of promoting a product in which customers are offered a fixed discount on the price of a new product in exchange for a used one.

In our case, the principle of operation of the Trade-in program is as follows: you drove into the dealership, left your old car, and drove out with a new one, paying the difference.

That is, the seller receives part of the cost in the form of a car that the buyer gives to him. Very tempting.

It is worth noting that this type of trading has been known for a long time. Even in the USSR, some goods could be exchanged for new ones with an additional payment.

Car exchange using the Trade-in system is two operations in one transaction - selling an old car and buying a new car.

This is beneficial and convenient if you don’t want to remain a pedestrian for some time, because:

• The old car will have to be deregistered and the new one will have to be registered.
• A new car is often bought not where the old one is sold.
• To sell, sometimes you have to spend a lot of time and effort.

Now let’s look at how Trade-in on a car works. The owner comes to the salon, and after diagnostics and assessment, if the necessary amount is available, he can drive away in a new car within a few hours. It saves time and nerves and changes the vehicle without any problems. At the same time, the transaction takes place safely, and the center’s specialists handle the paperwork.

Order of the Ministry of Internal Affairs of the Russian Federation No. 605 of 07.08. In 2013, adjustments were made to the procedure for providing the service. Now it will not be possible to deregister a car unless it is scrapped. Therefore they do this:

1. Selling a car to a salon.
2. Conclude commission agreements for the sale and purchase of a new car.

Formally, the car will remain with the previous owner until a buyer appears. TN will have to pay, and after the sale, control the re-registration.

Conditions and required documents

Participation of a car in the Trade-in program is possible if it:

1. Solely owned.
2. Not in bail, under arrest or stolen.
3. Technically correct.

The dealership will first of all conduct a legal assessment of the transaction. They will drive the car through the databases, check the documents, and only then continue the procedure. Additionally, most dealers set their own limits. For example, it does not accept cars that have been in serious accidents, as well as domestic cars over 5 years old and imported cars over 7 years old.

The following documents will be needed for Trade-in:

• SOP, PTS, insurance policy;
• two sets of keys;
• diagnostic maintenance card, if available;
• service book (if available);
• owner's civil passport or power of attorney.

Legal entities will additionally need:

• tax registration certificate;
• an extract from the Unified State Register of Legal Entities or a certified copy not older than 3 months;
• seal and details of the organization;
• power of attorney for a representative.

It is recommended to inquire about the terms of the transaction in advance - dealers offer various Trade-in conditions.

Trade-in used car

It is allowed to exchange a car via Trade-in for a used vehicle. There are plenty of salons offering this service. The transaction mechanism is no different. Cars offered for sale undergo diagnostics and full service.

You just need to take into account that tracing history in this case is just as difficult as in the market. True, the legal purity of the transaction is guaranteed. Don't forget that you can bargain here.

Find out more about buying a used car through TradeIn.

How is a car assessed?

The procedure for handing over a car to Trade-in involves assessing the residual value. It is clear that this is the most important stage for the owner. And not only for him. A dealer will never buy a car at the average market price.

For him, profitability begins at a difference of 20-30%. In this case, the liquidity and prestige of the car must be taken into account.

To assess the technical condition, the dealer has all the necessary tools and personnel. The car will be thoroughly checked.

THAT is nonsense compared to this.

The age of the vehicle is very important. For the first year of operation of the car, 20% of the original cost is discounted, for each subsequent year - 10%. The dealer will definitely take into account that if the transmission is manual, the paintwork is “non-original” in places, the interior is slightly scuffed, and the tires are slightly worn. There will be a lot of questions, and the car owner will have to fight for the price. The appraisal at the dealership is free.

Online assessment

Many showrooms offer the use of special calculators to calculate the approximate cost of a vehicle. Evaluating a car for Trade-in online on the dealer’s website cannot be objective, but it will provide an opportunity to understand the “attitude” towards your car.

The algorithm of the program is designed taking into account, first of all, the interests of the dealer. The more input data the car owner provides, the greater the chance of receiving the exact price that will be offered at the dealership. But it is best to use the services of an independent professional appraiser.

Find out in more detail how a car is assessed for trade-in.

We buy cars via Trade-in

Now let’s talk about how to buy a car using Trade-in. If you decide to change your car in this way, you will first have to decide on the choice of model and dealership. This is not as simple as it might seem at first glance. The fact is that in a decent and trustworthy salon there may not be suitable offers, and vice versa.

When the choice is made, you need to calculate the approximate cost of your car. We have already explained how to do this. Then you should put the car in order. As a rule, deficiencies that are well known to the owner are eliminated.

All that remains is to call or contact the dealer through his website and clarify the procedure, discounts, the possibility of obtaining loans, and so on. The further Trade-in algorithm when buying a car looks like this:

1. Choosing a new car.
2. Checking documents by the dealer.
3. Checking the condition of the vehicle.
4. Estimation of the cost of the car.
5. Drawing up contracts, resolving payment issues.

Find out more about the procedure for buying a car through trade in.

Where is exchange possible?

Today there is a huge selection of offers. The Trade-in service when purchasing a car is provided by many official dealer showrooms and small trading platforms. The choice remains with the car owner. It’s easier, of course, to give the car to the center where it was bought - firstly, the history is already known, and secondly, there will be fewer questions regarding the assessment.

Small traders may be more aggressive in defending their own point of view on the valuation, and their legal support for the transaction is often lame. It is recommended to trade-in the car at the dealership of the manufacturer's official dealer. This is the safest and best option.

Manufacturer programs

The production of some popular brands of modern cars today is localized in Russia. Automobile factories are given the right to independently determine the amount of discounts and offer unique preferential conditions for purchasing products.

Almost every manufacturer has its own Trade-in program. And in 2021, automakers are unlikely to change anything in relation to the Russian consumer. That is, their programs will continue to work without changes.

Is the program profitable?

Now let’s talk about whether it’s profitable to trade-in your car. There is no need to say again that this is convenient. What about the benefits? If you remember that time is money, then it is definitely profitable. It is generally impossible to estimate the cost of saved nerves.

Money is more difficult. The car in the showroom will be valued below the market value. Trade-in benefits can be real if every little detail is taken into account correctly, but the dealer is not interested in most of the options in your car.

It is important to look at the issue comprehensively. Firstly, what is the difference between the proposed and market value of the car being sold, and secondly, what will be the discount on the purchased car.

On average, the benefit can reach up to 5%.

Choosing between Trade-in and recycling

As you know, the recycling program has been continued for 2021, so the Russian car owner has a choice. Let’s express a few thoughts about whether it’s worth trading in a car and whether it’s more profitable than scrapping it. If the car is too old, then it is definitely more profitable to scrap the junk. This option is used if the residual value of the vehicle is lower than the discount determined under the recycling program.

When choosing Trade-in, the discount on domestically produced cars is always slightly lower, but here the list of models included in the program is wider.

Read more about the difference between Trade-in and recycling.

Possible nuances

The system is good for everyone, but there are Trade-in pitfalls, which we will now talk about.

First of all, we point out the main disadvantages of such trading:

• limited choice – both models and configurations;
• low cost after assessment, which is often associated with the dishonesty of salon workers;
• difficulty/impossibility of returning a car with high mileage, after an accident or with serious breakdowns;
• unfavorable lending conditions.

Users note the following nuances of handing over a car to Trade-in:

• the need for technical inspection and independent examination to confirm the technical condition described in the report issued by the salon;
• There were cases of twisting odometers and concealing information about the participation of cars in road accidents;
• There are hidden fees. For example, for diagnostics in case of refusal of purchase.

Now let’s talk about whether it is possible to hand over a car to Trade-in under a general power of attorney. This is allowed if the car is registered and the seller is not its owner. Previously, it was possible to transfer a power of attorney to the salon so that it would deal with the deregistration procedure and so on. It was simply processed for three days, but today there is no point in that.

You can issue a power of attorney to terminate the registration of a car upon subsequent sale, obliging the salon to control the registration of the car by the new owner. The Trade-in agreement must be read very carefully.

It should indicate the time frame within which the salon is obliged to sell the car, indicate who is responsible for the vehicle, and so on.

The dealer must also notify you of the sale, give you one copy of the contract and the act of transferring the car to the new owner.

It makes sense to use the service when a car has already been selected, preferably in the same dealership. If you simply take the car to Trade-in and get money, it is unlikely that you will be able to buy something on the market for this amount without additional payment. It is possible that prices may rise. This is an unprofitable option; in this case, selling the car yourself would be more profitable.

Let's sum it up

Having carefully studied all the pros and cons of exchanging a car via Trade-in, you can come to the conclusion that participation in the program gives you:

1. Convenience and time saving.
2. Saving money. You don’t have to fix your old car yourself – the dealer will do everything.
3. Guarantee of personal safety and technical serviceability of the purchased vehicle.
4. Possibility of purchasing on credit.
5. Exchange of any vehicle (meeting dealer requirements).
6. Nice little things as a gift.
   For example, free maintenance, maintenance or discounts on spare parts/accessories.

The offer is interesting, but often unprofitable, because you have to pay for convenience. Therefore, decide for yourself whether to use the Trade-in program or not.

Trade-in. Advantages and disadvantages . How not to be deceived: video

Source: https://1avtoyurist.ru/kuplya-prodazha/trejd-in/chto-takoe-trade-in.html

Car exchange agreement between individuals

A feature of a regular exchange agreement is that both parties simultaneously act as sellers in relation to the car being given away and buyers in relation to the one received. This must be reflected in the text of the contract.

When concluding a car-for-car exchange agreement, two situations may arise:

1. The cost of the cars being replaced was the same. In this case, after concluding an agreement, the parties to the transaction make a simple exchange of cars, keys and documents.
2. Cost varies.

Indeed, the conditions for processing documents for cars are changing, and therefore adjustments are being made to the rules for trade-in exchange.

Thus, the rules for vehicle registration have changed in the country. Now the seller is not obliged to deregister the car when he sells it in the Russian Federation.

Important

This responsibility rests with the buyer.

When he acquires ownership of the car, he must register the vehicle with the traffic police within ten days. But there are some nuances here.

Let's try to figure out whether it is necessary to deregister the car during a trade-in.

In principle, in accordance with current rules, the owner of the car simply transfers his car to the dealership.

“In the case when a car is purchased from a car dealership by a citizen for needs not related to his business activities, relations between the parties, in addition to the Civil Code, are regulated by the Law of February 7, 1992 No. 2300-1 “On the Protection of Consumer Rights,” as well as the Sales Rules certain types of goods approved by Decree of the Government of the Russian Federation of January 19, 1998 No. 55.

Can dealers accept a car under a trade-in with a general power of attorney?

Car by proxy, but trade in.

Typically this is:

• the right to drive a car,
• the right to dispose of a car, including selling it to a third party, renting it out, exchanging it, pledging it, etc.,
• the right to monitor its good technical condition,
• the right to be a representative of the principal in the State Traffic Safety Inspectorate, the court, etc.,
• the right to insure a vehicle (including motor vehicle liability insurance),
• the right to pay taxes and fines, etc...

It is obvious how certain rights smoothly entail the responsibilities that arise for a trustee at the time a general power of attorney is issued to him.

All about sedans

Registration of a vehicle into your possession is possible at the moment when you need to sell the vehicle to another person, as well as buying it back in accordance with the act of purchase/sale. This is the main disadvantage, but there are a number of others:

• the risk of acquiring a “dark horse” (search, theft, pledge from a bank, discrepancy between license plates and those reflected in the registration documentation, etc.);
• The vehicle automatically passes into the possession of the heirs in the event of the death of the trustor;
• similarly (see

How does the exchange work under the trade-in program?

Depending on the salon, various options for conducting such a transaction may be used. Of course, we can highlight a standard list of procedures that no car owner who wants to exchange his old car for a new one can do without.

Reception of the car

Typically, the process of accepting a vehicle for its subsequent sale is as follows:

1. A car dealership expert conducts a preliminary assessment of the vehicle.
2. At the same stage, the technical condition of the vehicle is checked and a protocol is drawn up.
3. Next is the final assessment of the car, determining the final cost and obtaining consent from the owner.
4. The final stage is the execution of the contract.

Since at the moment the law does not provide for the procedure for deregistering a vehicle with the traffic police for its subsequent sale, after inspecting the car, the owner will receive his copy of the commission agreement, after which he will hand over the keys to the salon employee. In addition to the keys, the car owner must provide:

1. Technical equipment passport.
2. Vehicle registration certificate.

Providing a service book containing information about the technical condition of the vehicle is not required. But it’s better to take it with you to the car dealership, especially if the car is being serviced by an official dealer or is under warranty.

How to correctly draw up a power of attorney to hand over a car for service from an individual? Step-by-step instruction

The need to issue a power of attorney to a car service center - to hand over or receive a vehicle after undergoing repairs or scheduled maintenance - has already become quite commonplace.

Free legal advice:

But, like any other procedure, it has a number of features that will have to be taken into account if you want to do everything according to the law.

Why do you need a power of attorney to hand over your car for service?

For what purposes can a power of attorney be issued for a car service? Most often, we are talking about granting the right to carry out repairs and maintenance of a vehicle not by the owner, but by his authorized representative in the case of cars of organizations and enterprises.

In this case, the driver who drives the car most of the time usually acts as a representative.

Under normal conditions, a power of attorney for a car service can be written in a simple form, without notarization. If the rights are transferred to third parties, you will have to contact a notary.

In a situation involving undergoing a technical inspection, any individual or legal entity authorized to perform such actions by the owner may be designated as an attorney.

Free legal advice:

In this case, the representative who receives by proxy the right to make decisions on the scope and feasibility of work must have a general power of attorney.

Mandatory data

A power of attorney to hand over a car for service from an individual or legal organization must contain the following data:

1. date of writing the document;
2. information about the principal - if this is an individual, then passport data, registration information, for legal entities. persons, the address of the company, information of the general director, INN of the organization and OGRN are indicated, the personal signature of the director certified by the seal is required;
3. information about the bearer of the power of attorney - passport data;
4. identification information about the car (number and series of its PTS, license plate data, VIN);
5. powers of the bearer of the power of attorney;
6. validity period of the power of attorney (if there is no date - 12 months, maximum up to 3 years).

Do I need to have a power of attorney certified by a notary?

Let us turn to Article 185 1 of the Civil Code of the Russian Federation:

1. A power of attorney to carry out transactions requiring a notarized form, to submit applications for state registration of rights or transactions, as well as to dispose of rights registered in state registers must be notarized, except in cases provided for by law.

The purchase and registration of a vehicle will not fall under the conditions listed in this paragraph. That is, it is not necessary to contact a notary to draw up a power of attorney .

If you wish, you can issue a power of attorney from a notary, but the operation is not free and will require additional time. In this case, the text of the power of attorney must indicate that Ivan Ivanovich Ivanov trusts Petrov Petrovich to purchase the vehicle on his own behalf.

An ordinary handwritten power of attorney is also suitable for purchasing a car, so let’s consider its execution.

Is it possible to sell

The practice of issuing a power of attorney for a car helps to transfer rights to a car without delay.

The authorized representative is allowed:

• to drive a car;
• carry out various actions;
• deal with sales and contract negotiations.

The risks increase and the power of attorney prepared by the gene is certified at the notary's office. A sample form with the required sections is used, otherwise the car will actually remain the property of the previous owner. The established restriction will not allow sales.

Lack of notarization makes the transaction illegal. The potential seller provides a minimum package of documents. Losing the vehicle's passport won't hurt, just notify the traffic police.

During the sale process, the car will be registered to the old owner. The seller and buyer enter into an agreement to sell and buy a car.

Without a prepared contract, the buyer will not become a new full-fledged car owner. A properly executed power of attorney can confirm the legality of the transaction.

For the buyer

Initially, you should study the disadvantages of the upcoming purchase of vehicles.

The buyer must consider the possible consequences:

• Transferring the car after payment of funds does not mean a simultaneous transfer of rights. The former owner can revoke the power of attorney or write a report of theft to return the car.
• The death of the car owner raises disputes over payment, despite the transfer of the designated amount. Property passes to heirs who do not want to sell the car.
• The car is sold twice or three times due to the desire to illegally enrich oneself.
• Theft or collateral in a credit institution cannot be ruled out. Bailiffs take the car after a court decision is made.
• The power of attorney was revoked without explanation.

Situations like this will force you to defend your rights in court. The chance of winning the case is small and often leads to material losses.

How does it work

Almost all car owners know how much time and effort it takes to replace an old vehicle with a new or used one according to the standard scheme, which includes:

• Pre-sale preparation;
• Removal from the register;
• The sales process carried out through the media, car dealership, car market;
• Buying a new “iron horse”.

All this may drag on for many months.

The main disadvantage of such a system is the high probability of “running into” scammers, which is why, at best, you can lose your car, and at worst, your life.

Exchange via Trade-In

It is very easy to take part in the program, and the participation algorithm is as transparent as possible. The key point in this process is the valuation of cars, because the discount on the purchase of a new vehicle depends on the estimated value.

The assessment begins with a legal review, including analysis of information:

• About fines and identifying data on whether the car is listed as stolen;
• About a possible arrest or lien on the car.

All cars undergo strict testing. To speed up the process, before driving the vehicle into the salon, it would be a good idea to find out if there are any outstanding fines at the traffic police, and prepare the vehicle for inspection (at least wash the car inside and out, replace the glass if there are cracks, etc.).

Advantages and disadvantages of purchasing a car through the Trade-In program

Since trade-in has been successfully operating in Western countries for many decades, it is likely that it has a lot of positive features:

Selling a car is not an easy task. Not only will you have to competently compose a sales ad, but you will also have to waste time/nerves on constant inspections of buyers. Trade-in will save you from all these hassles.

1. Transaction security guarantee.

As a rule, trade-ins are offered by official dealers of brands, so the risks of meeting with scammers, if not excluded, are extremely low.

1. Legal support.

The car dealer, for a small fee, takes on the responsibility of doing all the paperwork.

1. Possibility to get a car loan.

Depending on the conditions of a particular dealer, an auto loan may be provided for a new car, and the “credit price” goes as a down payment.

1. Loyal requirements for a car.

In most cases, you can return any legally clean car that is in good condition.

What is Trade-In at a car dealership? How can I return my car this way and get a new one instead? The implementation scheme is that the motorist gives away his car that meets certain interior requirements, and in return receives a new car for an additional payment.

DETAILS: Changing the Honda Pilot oil Photo instructions on how to change the oil and filter on the Pilot 2

When deciding whether to use the Trade-In program, most motorists are interested in what reviews there are from real people who already know how this system of purchasing a car works.

Car by proxy, but trade in

If all the documents for the car are in order, the sale and purchase transaction can be completed on the same day.

Program participants are offered for sale not only new cars, but also used vehicles that were previously purchased from other owners.

Formally, the car will remain with the previous owner until a buyer appears. TN will have to pay, and after the sale, control the re-registration.

Source: https://radissonsochi.ru/razdel-imushhestva/10082-mogut-li-dilery-prinyat-avto-po-treyd-in-generalnoy-doverennosti.html

How cars are accepted at trade-in - exchanging old for new

Five questions about trade-in 1. Will they accept a car with faults or dents? Yes, if the diagnostics do not reveal deep problems, and the existing ones are easy to fix (scratches, replacement of consumables, etc.). But even then, don’t expect a good price - you will be carefully “robbed out”. 2.

How quickly will the transaction be completed? If the previous car was purchased and serviced by an official dealer, is in good condition, has a service record and the documents are in full order, the formalities may only take an hour.

If the car has not been deregistered and requires diagnostics, and the car dealership is small and its staff is unhurried, the paperwork takes two to three days. 3.

Is it possible to also buy a used car in exchange? Yes, many dealers will offer for exchange a used car from among those handed over for the same trade-in.

By the way, now is a good time to buy a used one - dealers are clearing warehouses for spring trading and are more willing to reduce the price.

4.

[trade-in and general power of attorney]

Ruslan, in bad Russian, began to explain to me that he knows the laws, and how the owner can drive with a registration certificate in my name and on my license plates, having only a driver’s license and insurance in his name (which is true, although he forgot to clarify that can only drive like this for 10 days after the date of purchase and sale), the case was difficult, but nevertheless, with a verbal promise to put the car on himself within a few days and to go to the dealer for fine receipts, I decided to believe him and give him 2 more days to complete these actions (I want to believe people), Ruslan, like a true horseman and the owner of his word, eats, but did not restrain it and did nothing. There is a document that, probably a week after registering the power of attorney, I bought a new one from their showroom.

In theory, on credit, but I don’t know whether to tell the tax authorities or not.

In general, save me, help me. What to do, where to run and what to write. Should I tell them that I sold it and immediately gave the money for a new one? Did the exchange actually take place? But there is a temporary gap.

While I was waiting for the car. The tax there turns out to be huge, the car has been owned for less than three years, it so happened that money was urgently needed.

It’s new on credit, and I simply can’t afford to pay the 13% tax. Ask for a deferment? Actually, I already paid taxes when I bought the car! I pay now when I pay off the loan for a new one.

Hand over a car for commission to a car dealership: features of the procedure

Selling used cars can be done in several ways. The first involves an independent search for a buyer through available resources (specialized Internet sites, friends, private agents). But there is a high risk of delaying the process, of getting involved with an unscrupulous buyer or intermediary. This is especially true for luxury cars in Moscow.

The second way is to use the services of specialized consignment stores. These are platforms that independently engage in sales and search for buyers. Additionally, various related services may be provided. The seller arrives only for the transaction.

The acceptance of cars for commission is carried out by the Royalmotors company. The cooperation algorithm involves the following stages:

• Contact the salon. It is necessary to provide key information about the vehicle: make, model, year of manufacture.
• Diagnostics. Our clients know that we only sell cars in perfect technical condition, so our staff will carry out detailed diagnostics and indicate what pre-sale preparation is required.
• Grade. This service is advisory in nature. The owner sets the selling price; market valuation will help him make an adequate choice. This will help you quickly sell the car by getting the buyer interested.

Package of documents

When handing over a car to a dealer, you need to have:

• passport;
• PTS and STS;
• inspection certificate (if available);
• service book;
• instruction manual (if available).

In addition, 2 sets of keys are required. Some vehicles require 3 sets. If the car was deregistered by the traffic police, there must be transit numbers.

Cooperation with car dealerships is beneficial because you can sell your old car there without signing an agreement to purchase another car. But at the same time, the cost of a used vehicle will be lower than the market average - up to 30%. But the money is issued immediately after the car is diagnosed. Below is information about Trade-in conditions in some large Russian car dealerships.

Is it necessary to deregister a vehicle?

The car has been sold, and many car enthusiasts begin to think and look for an answer to the question: “I traded in the car, how can I deregister it?”

Particular attention should be paid to the purchase and sale agreement - most likely, it spells out the procedure for deregistering a car when selling it in a trade-in. Often, in a car dealership, a person pays attention to other attributes of the contract (price, correctly entered data, rights and obligations of the car dealership, etc.) and asks the question: how to deregister a car that has been traded in, having already bought a new car and driven away with it home.

It is worth carefully reviewing the agreement regarding the re-registration of rights to the car. The salon picks up the car under a commission agreement. Although the dealership buys the car from the owner, he does not become the owner. The salon acts as an intermediary in the transaction. The car is sold together with old license plates and it turns out that the responsibility to re-register ownership lies with the new owner.

In this situation, the old owner faces two risks:

• it is unknown how long the salon will sell the car, during which time the transport tax will go to the previous owner;
• the buyer, for unknown reasons, may not re-register the car in his name.

A person does not know to whom he is selling a car, the consequences are different:

1. The new owner will exceed the speed limit and will be caught by traffic police cameras, and a fine for not removed license plates will be sent to the previous owner.
2. Transport tax goes to the previous owner.
3. The car may be used for any criminal purposes.

You can challenge all the charges, having with you a purchase and sale agreement, as well as an act of acceptance and transfer of the car, but legal proceedings will take time, nerves and money (meaning lost earnings).

It is unknown how long it will take the dealership to sell a new car. On the one hand, dealers quickly sell cars; there is no point in stalling for them. On the other hand, the car may not appeal to potential customers; suddenly, for some reason, the salon managers will not be able to sell it.

Deregistration of a vehicle is permitted in two cases:

• disposal;
• export abroad of the Russian Federation for a long period.

Now it will not be possible to deregister a car for sale through the trade-in system. According to the new regulations - only for disposal and export abroad.

Before selling, there is no need to deregister the car with the traffic police, because this automatically occurs after the obligatory 10-day period of entering data about the new owner.

Decent showrooms that value their reputation deregister the car themselves. Thus, they avoid many problems and do not force clients who have entrusted them with a vehicle to rack their brains over the question of whether the sold car should be deregistered when trading in.

A car owner who decides to sell a car can also avoid the troubles associated with re-registering a car.

To do this, you need to make sure that the contract contains the following information:

• the period during which the car dealership guarantees the sale of the vehicle;
• the person responsible (former owner or car dealership) for the abandoned car while it is in the showroom;
• granting the salon the rights to deregister a car.

In the latter case, the owner may have to write a power of attorney. Then the car dealership will check whether the new owner has registered the vehicle. The issued power of attorney is beneficial to both the former owner and managers. After selling a car, dealers will be able to verify after 10 days that the car has been re-registered by the new owner.

It is worth knowing about the consequences for the buyer of being late in registering a new vehicle. If a driver is stopped by traffic police officers, and the car has not been re-registered for more than 10 days, then he will have to pay a fine of 500 - 800 rubles. according to Part 1 of Art. 12.1 Code of Administrative Offenses of the Russian Federation. According to Part 1.1 of the same article, in case of repeated violation, a fine of 5,000 rubles will be issued.

Online car condition assessment

Today, many car dealers operating under the Trade-in scheme post online calculators online, thanks to which preliminary calculations can be carried out at any convenient time, without leaving your home or office. The car owner must enter the characteristics of the car in the fields of the proposed form, as well as his contact information.

The list of parameters of the vehicle being handed over has a large number of items to be described - starting with the make of the car and the year of its manufacture, including the type of gearbox and ending with additional options. The degree of reliability of the answer received from the car dealership depends on the number of lines filled in the questionnaire.

It is important to understand that an online car valuation for Trade-in gives the car owner only an approximate, indicative figure. The final price is a value derived from many factors

Objective answers from a potential client and uploading high-quality photographs of defects will ensure that you receive an indicator that is as close as possible to the real amount.

The process of recycling a car according to the trade-in scheme

The trade-in scheme is very popular in Europe and the United States of America. Currently, in Russian cities it is only gaining momentum in its development. Many people still do not know about the existence of such a unique program.

To work towards liquidating a car and then exchanging it according to the described program, you must go through the following steps:

1. Selecting a new car at a car dealership in accordance with the list approved by the state program.
2. Delivery of an old vehicle to a dealer.
3. Carrying out diagnostic activities by specialists from the dealing center of an old car.
4. Declaration of value by the appraiser.
5. Calculation by company specialists of the difference between the cost of a new and old car.
6. Registration of consent of the vehicle owner.
7. Drawing up a power of attorney:
   To deregister the vehicle with the relevant authorities.
8. Transfer of the vehicle to the collection point.
9. Obtaining a certificate of completion of the recycling process.
10. Registration of contractual relations consisting of:
    Transferring an old car to a car dealership for use.
11. Permission to use the old vehicle for representatives of the car dealership.
12. In setting the deadlines for recycling by the salon.
13. In providing the salon to the client the right to choose a new car.
14. In carrying out calculation procedures for the estimated value of the transferred vehicle.
15. In calculating the cost of a new vehicle, taking into account the old one being returned.
16. Carrying out the reservation process.
17. Payment for the cost of a new car according to the signed agreement.
18. Transferring the vehicle to the dealership for recycling.
19. Obtaining a recycling certificate.
20. Carrying out the process of registering ownership of a car.