Planning to Sell Your Car? Here are Some Useful Tips to Help You Prepare It for a Quick and Easy Sale
- Car Advice,
- Jan 01, 2018
Do have plans to sell your car soon? Just like with everything else put up on sale, your foremost priority is to make a good first impression among your potential buyers which basically involves a car history check and car history report.
The physical appearance of your vehicle, the advertisements you use, and the way you respond to your buyers are some of the main factors you have to consider to achieve a successful sale of your car.
Tips for Effective Car Presentation
- You can choose to have your vehicle detailed by a professional.
- Hire a reliable service to check if it is running smoothly.
- Don’t forget to get first a safety certificate prior to putting up ads. You might end up paying significant fines if you advertise your registered car without a safety certificate.
- You can have a pre-inspection done independently to make your potential buyers feel more confident in your car. This can also be the perfect time to have a car history report done for your vehicle.
- Make your vehicle more presentable without spending a lot of on minor aesthetic repairs.
- You have to be more realistic when it comes to non-essential repairs as these might be more expensive than the overall value they will add to your sale.
Putting Up the Price Tag for Your Car
Probably one if not the most difficult part of trying to sell your car is pricing it. Do it the wrong way and you will either fail to get any queries from potential buyers, or you will get lots of calls from those who are searching for a good bargain.
The first thing you can do is to look for the price range of cars of a similar model and make in the same condition as your vehicle.
If your car will be advertised through a dealer, there is a need for you to deduct the profit margin of the dealer, which can range from $1000 and above. This can give you a good estimate.
Get started with the price that is a bit higher than what you will accept to make room for negotiation. In case you are not getting any calls, it could be because your price is excessively high, thus the need to think about reducing it.
When you prepare an ad for selling your car, you have to consider where you will be putting it up, whether online or on the newspaper.
Newspapers as well as other kinds of hardcopy publications often charge according to the number of the lines or words used, which means that you have to provide a clearer picture in the least amount of words as much as possible.
On the other hand, if the ad will be put up online, you could be a bit more generous with your words used since there will be more room. But, take note that most people tend to scan every time they read things on the internet so doing it excessively might not work on your favor.
The details to include in the ads are your contact details, asking price, registration expiry, condition, transmission type, engine size, distance travelled, build date, body style, model, and make. You should also use a photo of your car.
If possible, consider getting the name and phone number of prospective buyer and the particular time they plan when inspecting the car. Several people will also say that they’re coming and don’t, yet if you have their phone number and name, you may get rid of the inconvenience.
Tips When Working with Buyers
- You should be aware of your safety when dealing with the prospective buyers. If you do not feel comfortable dealing with the strangers by yourself, get assistance from your neighbor or friend and you may take them with you on test drive.
- You should always be honest. If you know that there’s a major fault, you have to tell your buyers about it.
- Do not let a stranger drive your car unless you are with them.
- Make sure that the insurance of the car will cover some people test driving it.
- Never crowd a potential buyer and sell only the car’s good points.
- Ask for a driver’s license if possible.
Financed or Leased Cars
If the car is financed or leased, it’ll be listed on r and would show up when buyers conduct a check. Consider how you’re going to deal with it during sale time as a careful buyer will not take your word that you will pay out the loan once you get their money. Getting rid of the vehicle from the register may depend on the sale’s proceeds and you should have a strategy in place to deal with it and address the concerns of the buyers. You might also need taking legal advice on how to proceed with caution.
Negotiate the Sale
During this stage, you must have a great idea of what your vehicle is worth. You have to be prepared when negotiating, yet you should set a minimum price that you’ll accept. Stick to this and never be bullied into giving your car away.
There are times that potential buyers would come up with when some things go wrong with the car to justify why they do not like to buy it or an attempt to reduce the cost. Listen to what they need to say, some of them might be valid and there might be things you could fix to make the car a much attractive proposition to the next individual once the sale falls through. If the buyer requested an inspection, there could be things that come out of it, which may be used as a bargaining tool, yet make sure that you cost repairs before committing to have these done as part of the sale.