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Properly cleaning your farm equipment before sale can add hundreds of pounds to its value. That doesn't mean just driving it through a farm equipment wash - you need to pay more attention to detail. That could mean paying £60-100 to have it professionally valeted, or you could do it yourself.
If you decide to do the work, buy some decent farm equipment shampoo and a decent polish. See this as an investment; £50 spent on the right products, plus a bit of elbow grease, could see your farm equipment's value increase by several hundred pounds.
Hose the farm equipment down then with the bodywork already wet, hand wash the panels using a sponge and some soapy water. Don't use washing up liquid as it smears and don't hose down the engine bay as you might damage the electrical systems. Once you've cleaned the outer panels focus on:
Once you've washed everything, leather down the bodywork and glass, to get rid of any drying out marks. While the farm equipment dries out, turn your attention to the interior.
Advertising your farm equipment on Auto Trader is quick and easy, but if you don't use the best wording or you ask too much for the farm equipment, you'll get a limited response. Here's how to create a great advert.
Start by working out how much to ask for your farm equipment. Price it too low and you'll lose money, but price it too high and you'll get no interest. The key is to price it just above what you'll accept, leaving room to haggle - everyone likes to think they're getting a bargain.
Once you've worked out the right price for your farm equipment, put an advert together that tells potential buyers everything they're likely to need to know. Make sure you include:
Selling farm equipment can be a daunting prospect, but by knowing what to expect, you can avoid being caught out by experienced hagglers, time wasters or criminals. Follow these steps to make sure you're not caught out.
Buyers will probably be keen to haggle on your asking price. You need to be firm, without being unreasonable; set a price beforehand and keep it in your head during negotiations. While this price in your mind should be the lowest you're prepared to sell the farm equipment for, don't decline a sale over a £50 difference in your lowest and their highest offer. It'll cost you far more in re-advertising fees, time and hassle.
It's easy to be daunted by the various bits of paperwork that accompany your farm equipment, but there's nothing to be frightened of. Once the deal has been sealed, you'll need to write a receipt acknowledging the following information:
Make two copies of the receipt; one for you and one for the buyer. The most important thing for you to do next is to fill out the tear-off portion of your farm equipment's registration document (its V5C) and send it off to the DVLA; give the top part of the V5C to the new owner. Telling the DVLA that the farm equipment has a new owner means you won't be liable for any fines racked up after the sale.
Finish off by handing over any other useful documentation such as:
In an ideal world, you'd be paid cash during office hours which you'd pay in immediately, but this isn't always possible. If you do receive cash, try to get it handed over in a bank, so you can pay it in immediately and the cashier can check for fake notes. If your buyer gives you cash outside banking hours, pay it in as soon as possible.
A far better way is electronic transfer. It allows you to transfer funds online, but it can take a few days, so don't release the farm equipment until the bank tells you the funds have been successfully transferred.
Personal cheques and bank or building society cheques can cause problems. Personal cheques can be cancelled or issued without the available funds in the account, so if you've already handed over the farm equipment, you could be left seriously out of pocket. Despite common belief, bank or building society cheques aren't as good as cash; forged cheques are common.
Other precautions you can take include:
Fraudulent adverts are placed by thieves posing as sellers, often trying to make money from a hoax piece of machinery advertised at a bargain price. The seller (fraudster) will often redirect you to their website and ask for several deposits of money before they deliver the machinery, but, the machinery will never arrive and you will end up out of pocket.
If you think you've been targeted by a fraudster, contact Auto Trader immediately by emailing email@example.com or calling 0330 303 9001.
*Hitwise Pty. Ltd. 2015
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