There comes a time when a person has to sell their car because – it’s too old, too damn expensive to maintain, or you just want to buy a new car. You obviously want the best price for your car. Selling a car is not as simple as buying one. This is because your car is used and not at its peak condition and you have to hunt and negotiate with many car buyers before you find one that is willing to meet your price.
Get your Car Ready
Before you take your car to a car dealer, you need to prep it up.
- Have a mechanic take a look at the engine and fine-tune it as best as possible without creating an expensive repair bill.
- Have cleaning professionals clean the inside of your car to remove stains and get rid of any stale smells.
- Give the car exterior a good wax so that it shines.
Have your Vehicle History Report
Most car dealers won’t accept your car without a vehicle history report. This is an official document that provides details such as car model, name of manufacturer, date of manufacture and any accidents or criminal problems the car has been in.
Set the Right Price
Set the car price too high and no car dealer will accept it, set it too low and you miss a profit – either way, you lose.
- Research the market and find out what is the basic price for exactly the same car model in the market.
- Take any problems in your car into account like a non-working heater.
- When you finally tell a dealer of the price you have, ask for a price slightly higher than what you set. This way you have leverage room to lower it.
Where to Sell the Car
You have a wide range of options to sell your car. This is important because if you want the best price for it, you have to try all opportunities. Apart from local dealers, you have many website likes AutoTrader, and Craglist.
Add to that, if you are planning to buy another car, a very good option would be to sell the car to the dealer you are planning to buy your new car from. This capitalizes on your working relationship with the car dealer.
Give the Car for a Test Drive
Whether you are dealing with car dealerships or individual buyers, they will want to take the car for a test drive. They are not just evaluating the car, but they are also evaluating you during a test drive.
Be ready for trick questions like, “What’s wrong with the car?”
The best strategy is to be completely honest. This way you can win over the trust of the buyer and be in a better position to sell the car at your price.
Even after you sell your car, you won’t have enough to pay for a new car. You can take a loan from Insta Auto Loan. Once you apply, your auto loan application will be approved in 24 hours.
