Did you realize that your car is no longer an indispensable part of your life? Do you need to sacrifice your car for another investment, or simply prefer an updated version of your vehicle, and you want to sell it but are struggling with what to do?
There are many steps and considerations involved in the car selling process. But don’t stress yourself out. This article might come in handy.
Here Are Some Advice From Gurus To Follow
Have An Idea Of Your Car’s Value
You should neither overestimate nor underestimate your motor. So, how do you make a precise evaluation? Factors like age, mileage, condition, and service history will have an influential impact on the car’s value. Also, the price varies according to the design, the edition, the buyer, and why he or she wants to possess it.
If you are still confused, a professional estimate from a trustworthy service might help. Otherwise, you can see the existing online websites for references. You should check the Kelley Blue Book value as your baseline.
Decide Your Priority
Among the factors of convenience, speed, and price, you should make up your mind on what is the most important to you so you can set up an appropriate strategy for the deal. If you don’t mind investing some more time and effort in the procedure of your sale, you can sell your car privately at as high a price as possible. In case you want your car to be urgently sold, you may have to sacrifice a bit of your expected price.
Advertise Your Vehicle
It might be impossible to sell your vehicle without letting people know about the sale. Thus, this is a crucial stage to consider.
You can opt for one or both free and charged ways within online and offline platforms. Below is the list of common ways of advertising:
- Post ‘For sale’ signs in local shop windows
- Posts on online websites for car deals
- A ‘for sale’ sign in one of your car’s windows
- An advertising article in ads part of a local newspaper
While online advertisements can approach a wider range of customers and contain pictures to be more informative, it can be annoying to respond to an incredible number of questions from interested audiences. Hence, you had better add as many details as possible to the description.
Regardless of what your options are, your advertisement should accurately include information:
- Your contact details
- List of equipment/taxes
- Service history
- The make and edition
- The year of manufacture and registration identifier
Be Ready For The Sale Day
First, check if there are any minor issues like scratches and flat tires and so you can quickly fix them. Your car should be washed and checked inside out so that it will be at its best on the day of sale.
Second, be well-prepared for negotiation because some buyers will try to lower the price when they are inspecting your car by giving complaints, so you should prepare how to demonstrate all the strong points of your motor and negotiate back for the win-win situation.
Third, you ought to have a checklist for the paperwork and order it neatly to make it convenient for you to hand over to the new owner.
Ensure Safe Payment
After having sealed the deal with a satisfying price, write a receipt and make two copies – one for you and one for your buyer. It should include the date, price, registration number, make and model, you and your buyer’s details. It’s a bit different for each location, so be sure to double-check the specific legal requirements in your locality. You then need to decide the payment method that the buyer will pay you.
There are various ways of taking payment like in cash and by the bank transfer system. Irrespective of what method you agree with the buyer, you should meticulously check whether the amount you have received is adequate. And only hand over the paperwork as well as the key upon confirmation.
When people come to inspect your car, to avoid fraudulent buyers, you should be careful by following these suggestions:
- Be accompanied by a reliable friend or family member so that the buyer’s companion cannot take advantage of your absence during the driving trial to take things from your house (if your appointment is at your house) for example.
- Remove the keys from the ignition before leaving a potential buyer alone in your car and only hand over the keys until you’re in the passenger seat.
- Go with the buyer during test drives.
The more attention you pay to the process, the better your sale gets in terms of not only the price but also the safety of you and the deal. Pay attention to these details to improve the likelihood of obtaining the outcome you desire. Be extra mindful of your safety in the event of private sales as scams have been on the rise in recent times.