Thinking about making a taxi sale?

With Britain’s taxi industry doing well despite the harsh economic climate, a taxi sale should be a painless, straightforward affair.

There are now more ways than ever for a cab to change hands, from local papers to classified ads, the specialist press and online through auction and other websites. The Internet is a great way to reach a large audience easily and cheaply.

Making an easy taxi sale starts with good preparation. That means a thorough clean and valet of your vehicle inside and out, and sorting out any mechanical problems. Classic London cabs, for example, can be subject to internal corrosion. Cast a critical eye over your car – what would you notice if you were the buyer?

You’ll also need to supply photographs and details of how sellers can contact you, and be as accurate and as honest as you can in your description and your reasons for selling. Anything less will only cause problems in the long run.

Explain what is included in the price, such as radio equipment. And be clear on how much is left on the insurance, road tax and MOT.

Answer queries from prospective buyers as promptly and as fully as possible, and encourage them to meet you for a viewing and a test drive. If someone wants to purchase the cab without even seeing it, there’s a chance they may not be genuine.

You’re entitled to ask them questions yourself, and to ask for contact details such as a phone number and address. A genuine customer will be happy to supply this information.

You’ll need to have all the paperwork up to date and ready to hand over, including the service history, log book and manufacturer’s handbook.

Think carefully about how you will be paid for your taxi, and don’t hand it over until you have your money. That includes for waiting for a cheque to clear. Again, a genuine buyer won’t mind this.

If you are receiving cash, check it carefully first. A better option for payment may be to ask for a secure electronic bank transfer or other safe digital method, such as PayPal.

Finally, go with your gut instinct, and politely decline to deal with any customer who does anything to arouse your suspicions.