Selling Your Car? Here Are 5 Things to Consider
It’s likely that those among you who’ve been involved in the car selling process have found it to be quite frustrating. On the other hand, those completely new to it might find it overwhelming and intimidating. Everyone wants to get as much money as possible for the car they are selling, but in order to achieve that goal, there are several things you need to pay attention to.
Luckily, the process is now easier than ever since you can complete almost every stage of the process online, except the actual car inspection, when you have to meet the potential buyer and allow them to test your car thoroughly. Here are five most important things you need to consider if you want your project to be successful.
Apart from your desire to sell the car, you need to know all the important information about it, such as the model, year, VIN and date of manufacture. It’s vital that you are aware of any potential outstanding recalls and recall work. Also, find out what the common issues for your particular model are and whether they have been addressed. Finally, the information about consumption and price of regular service and maintenance is of great importance to your buyer and they expect you to know that stuff.
It’s very good for you, as a seller, to have a history report to show to potential buyers. These reports can be obtained for a small price, but they always significantly improve your credibility, which in turn leads to much better chances of closing a deal. Vehicle service history is also very important since it shows the attention that has been paid to the car in the past. If you don’t have all the necessary paperwork, you might be able to get it from the car manufacturer's dealer. If that’s not possible for some reason, look for all the receipts for the work you yourself have performed. Every document is better than nothing.
Choose how you want to sell
This may sound strange, but you actually have several options. You can list your car on a reliable site and wait for some interest or you can take it to a dealer and leave it there for people to see it. Even if you choose the latter, there is nothing to prevent you from offering your car using other channels. For instance, when I decided to finally sell my car online, I opted to turn to professionals. They inspected my car after I’d filled out a form with the most important information about the car, and then offered to buy the car immediately or sell it on my behalf. I found their offer fair (and was in a hurry to sell), so the transaction was completed quickly.
Pictures go a long way
When trying to sell your car online, you need to take a lot of pictures of both the interior and exterior of your car. Post as many pics as the site allows, making sure you’ve covered every relevant part of your car. Ideally, post a “walkaround” video of the car since it would give potential buyers a good idea about the state of the car.
Your asking price depends on many factors. Firstly, how desperate for cash you are. Next, are there any similar cars on offer? Finally, how realistic are you when it comes to evaluating your car? Don’t forget that you can turn your emotions into cash, so don’t ask for more money just because the car means a lot to you.
Whether you opt for negotiations and inflate your price by 5-10 percent, with a “best offer” option or decide not to haggle is completely up to you, but the former approach is generally more favourable, since it gives the buyer the feeling they have saved some money.
As you can see, there are several things you need to consider when selling your car. The more attention you pay to them, the better price or faster transaction you’ll get. So, good luck selling your car!