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Selling Your Car

: English: Jalopy car in Joshua Tree National Park in Hidden Valley Campground (Photo credit: Wikipedia)

When it’s time to replace your car, most people focus on the new car, instead of the old, but that is ignoring real money. Your old car–unless it has disintegrated–still has value. Sometimes, it’s just time to ask yourself, “When should I sell my car?”

When you’re looking to sell your car (like with We Will Buy Your Car), you generally have several options:

Tow & crush. If your car has been wrecked, doesn’t run, or is just old and beat up, you may be stuck with calling a junkyard and accepting $50 for them to pick up your car and crush it for scrap.
Trade it in. This is probably the least hassle, but–other than #1–doesn’t pay well. Dealerships are willing to pay something under what they will get at a wholesale auction, which is quite a bit less than the blue book value.
Sell it yourself. Now you’re thinking, “He’s going to buy my car! Oh, bother.” It can be a pain, but it’s also the best way to get a decent price for your wheels.

When you sell your car, there are a few things to keep in mind, much like when you sell something on Craigslist.

Don’t be alone. There are bad people in the world, but they don’t like witnesses. Bad things are much less likely to happen if you have company.
Know your price. Specifically, know three price: your dream price, the price that would make you happy, and the absolute lowest price you are willing to accept. Make sure you figure these numbers out ahead of time. Know what you are comfortable with before it comes time to close the deal.
Check IDs. The buyer is going to want to test-drive your car. That’s fine, but you want to make sure you know who is driving off in your car. “Officer, Sumdood took my car. He was wearing jeans.” That won’t get your car back.
Clean it up. Get the car detailed before you show it to a potential buyer. A sparkling-clean car will almost always bring in a few hundred extra dollars. It’s well worth the expense.

Following this plan should make the sale go as smoothly as possible and bring you the most possible money.

Readers, what have you done to dispose of an old car?

This is a sponsored post written to provide some insight into the world of used car retail.

Nigerian Phishing Scams

Finance

phish·ing/ˈfiSHiNG/

Noun: The fraudulent practice of sending e-mails purporting to be from legitimate companies in order to induce individuals to reveal personal information, such as credit-card numbers, online.

Have you ever gotten an email from someone claiming to be a Nigerian prince trying to smuggle money out of the country, or the administrator of the South Sudanese lottery commission?

The emails tend to be similar. You’ve won the lottery, but need to pay the transfer fee and applicable taxes before the money can be sent, and by the way, they need your checking account information to transfer the money out of your account. Or, the elderly wife of the Reverend Saint Whateverhisnameis has the entireGDPof some small African country in her bank account that her dear, departed husband stole honestly, and she needs a trustworthy soul in the States to accept the transfer and your reputation proceeds you.

Yeah, people still fall for it. It’s called Financial Darwinism. Only the strong shall retire.

Yesterday(as of this writing, not as of your reading), I got my first-ever phishing phone call.

The conversation went something like this:

Worthless scum scammer: Hello, you’re schedule to receive a delivery at10:30 this morning and I need to verify your information.

Me: What delivery?

WSS: Is this Linda, L-I-N-D-A?

Me: Yes. (Please note, I am very much a guy and clearly sound like it.)

WSS: You buy international. I’m scheduling delivery. Are you at (lists house number correctly, but no street or city).

Me: What’s getting delivered?

WSS: A brand new Mercedes.

At this point, I wanted to play, but I had to get to work, so I hung up.

Worried that I may have made the wrong decision, I called my wife to see if she made a side trip to buy a luxury car while she was running errands last week, but she said she didn’t. I’m not sure I believe her. I think that it may have just slipped her mind.

It’s worrisome that some scammer call-center in Nigeria is buying lists of potential marks in theUS and calling them. I much prefer my scammers to send emails.

Have you ever gotten a 419 phone call?

Sunday Roundup

Misc

My girls have been riding in horse shows lately. Sometimes, it seems like that’s all we’ve been doing on the weekends, but they love it. My wife’s favorite hobby now matches my daughters’ favorite pastime. As a bonus, we’ll never have to paint their room again, with the way they are accumulating ribbons.

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It is possible to be entirely too connected.

My life is now complete. It’s possible to buy 95 pounds of cereal marshmallows for just $399. Breakfast at my house just got perfect.

I wholeheartedly agree with Tam, “You don’t need to make any excuses for crashing things into each other at the speed of light in an underground tunnel longer than Manhattan that’s had the air pumped out and been chilled to a couple degrees above absolute zero. That doesn’t need a reason. “

Carnivals I’ve Rocked

Credit Cards: My Failed Experiment was included in the Best of Money Carnival, the Carnival of Wealth, and the Totally Money Blog Carnival.

My niche site article on how to Make Extra Money with Keyword Research was included in the Totally Money Blog Carnival.

Thank you! If I missed anyone, please let me know.

Financial Blogger Conference

Finance, Misc

Three days, 800 miles, and 18 sessions later, I am back from the Financial Blogger Conference.

Here’s the breakdown of my spending:

The conference itself: $67

Breakfast on Friday: $8

Lunch on Friday: $19

Lunch on Sunday: $10

Gas: About $160

Hotel: $182

Tips to the bartender: About $10

That brings the total to $456. The hotel cost is really an opportunity cost, because my rewards card will be reimbursing from my accrued miles. Actual out-of-pocket cost: $274.

What did that money get me?

First, I got to meet a lot of the bloggers I read every day, including a lot of my fellow Yakezie members. That’s invaluable.

I got to spend three days meeting other bloggers, and learning how they operate. I got to hear how they manage Twitter, how often they post, what they do, and how they do it. Phenomenally valuable.

I got to spend 2 days learning better ways to do this whole blogging thing, by listening to some of the biggest names in the personal finance blogging world. That’s a value that you’ll have to judge for yourselves over the next few months as Live Real, Now evolves.

From a purely financial perspective, was this a good spend? Probably not. I spent $274 to get intangibles that won’t pay my bills or put food on the table. There is certainly an argument to be made that this was a waste of money. However, I strongly believe that those intangibles will prove far more valuable than any other way I could have spent that money. Using simple math, I may have wasted that money. Looking at the long-term value, it was definitely worth the time and money.

I will be going back next year.

Priorities

Business

I once saw a sign on the wall in a junkyard that said, “Failure to plan on your part does not constitute an emergency on my part.”

Another good one: “If everything is top priority, nothing is top priority.”

Once a week, I meet with my boss to discuss my progress for the previous week and my priorities for the coming week. This is supposed to make sure that my productivity stays in line with the company’s goals.

Great.

Once a day, my boss comes into my office to change my top priority based on whichever account manager has most recently asked for a status update for their customer.

Not so great.

At least twice a week, he asks for a status update on my highest priority items. Each time, he could mean the items we prioritized in the weekly meeting, or the items he chose to escalate later. Somehow, getting a new task escalated doesn’t deescalate an existing task.

Everything is a top priority.

To compensate, I’ve been working a few 12 hour days each week, and occasionally coming in on the weekends.

I’m dedicated and still behind.

Prioritizing is treated as an art, or in the case I just mentioned, a juggling act. It should be considered a science. It’s usually pretty simple.

Is the problem costing you money? +1
Is the problem costing your customer money? +2
Is the problem going to hurt your reputation? +1
Is there a deadline? +1
Is it soon? +2
Is it urgent? +1
Is it important? +2
Are there absolutely no real consequences for anyone if it doesn’t get completed? -500

That’s it. Too many times, we get hung up on urgent-but-not-important items and neglect the important things.

The hard part comes when it’s someone else setting your priorities, particularly when that person doesn’t rate things on urgency, importance, and cost but rather “Who has bitched the loudest recently?”

Can I tell my boss that I’m not going to do things the way he told me too? No. A former coworker very recently found out what happens when you do this.

Can I remind him that I’m busting my butt as hard as I can? Yes, but it will just earn me a request to come in on the weekend, too.

Can I ignore the official priorities part of the time, and work on what I feel is most important to keeping our customers happy? Yes, but it’s easy to go too far. “Boss, I ignored what you said, but this customer is happy, now!” won’t score me any points if it happens every week.

Priorities are simple, but not always easy. How do you balance your priorities?

Crying is for Winners

Finance

Have you ever seen a kid come off a wrestling mat, crying his eyes out because he lost?

Wrestling Sideways - Really (Photo credit: Creativity+ Timothy K Hamilton)

Often, that kid will get told to be tough and stop crying.

That’s wrong.

I’m not opposed to teaching kids not to cry under most circumstances, but just after an intense competition, I love it. It’s the best possible sign that the kids was pouring his soul into winning. It means he was trying with everything he had.

It means he is–or will be–a winner.

When a kid, particularly a boy in a tough sport, is crying, you know he’s going to try harder and do better next time.

For all of the “tough guy” ability it takes to succeed as a wrestler, I’ve never seen another wrestler teasing the crier. They’ve all been there. Wrestling is a team sport, but you win or lose a match on your own. When you step out in front of hundreds of people and spend 3 to 6 minutes giving every ounce of everything you have to give, only to find it’s not good enough, you’ll often find you don’t have the final reserve necessary to control your emotions.

This is different than a kid crying because he lost a game, just because he lost. Some kids feel entitled to win anything they do, regardless of the effort they put it. That’s also wrong.

Crying at a loss is okay after putting in maximum effort and full energy, not because the dice went the wrong way.

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phish·ing/ˈfiSHiNG/

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