Need to Sell Your Old Car?

When you bought your new car, you were full of excitement and it was quiet easy too. Now if you want to sell it and make some good money, it can prove a little bit troublesome. But it’s not a reason to feel afraid and nervous. Here are a few tips that can help you while selling your old car.

Assessing your car according to the market: 

 Take a look at the market value of the car. Also what is the type? If it’s a small family car or a truck or a van, it must have a good demand.  Convertibles and sport cars will attract only a specific kind of community and sale is seasonal. Selling collector cars is really difficult but brings a very good price if you find a right buyer. Check the model of your car and its demand in the market. This can help you decide your price and also determine the time it would take to be sold.

Setting a price:  research the market. The main points deciding the price are;

Ø  Insurance value: the depreciation in prices according to the time of purchase. The prices decrease by a predefined percentage every year after the purchase. Check it out with your insurance agent.

Ø  Condition: what is the condition of its Engine, AC, body, seats etc. is it running properly r showing any problems?

Ø  Running: how much has the car travelled? That is what the odometer readings are? And was it serviced at the right time by the company?

Ø  Mileage: what is the average the car is giving? Remember the engine power, capacity and the proposed mileage of that model.

Ø  Special features: this includes all the customized features. Like if you have got special kind of seat covers, tyres, have modern gadgets, upgraded the engine etc. decide the price accordingly.

After deciding the price you feel comfortable with, remember to boost it up. Ask for a few thousands more when advertising. That will give you some space for negotiation.

Maintenance

If your car is well maintained, it will attract buyers quickly. So before showing it to the prospective buyers, get it serviced by the company, wash and wax it, clean the interiors properly. Think for yourself what kind of a car will you like to test drive in, then you can decide every details to get it ready for the show. Also make sure that you have all documents of the car ready. You can get an evaluation report for the car by your mechanic to show to the buyers.

Advertising and showing it off:  there are many ways in which you can tell people about a car for sale. Like the following:

Ø  Classifieds in newspapers and magazines: make the ads short and precise. Mention the model, condition and proposed price. Also be ready to answer the phone calls. And be polite, remember the first impression is the last so the way you deal with the phone calls will decide if the buyer will be willing to see your car and go further or not.

Ø  Placing ads online: internet is a medium of reaching more masses and making any information reach far and wide. You can place your ads on many different portals available and also can spread a word through the social networking sites.

Ø  Placing a “for sale” sign in the window of your car. : A nicely decorated and eye-catching “For Sale’ sign pasted in your car’s window or back screen will make the car speak for itself wherever it’ll go.

Ø  Local dealer: you can also contact a local dealer who is working in this sector. There are agents involved just like property dealers.

Ø  Other ways: apart from these you can spread a word in your social group that you are interested to see your car. Tell your relatives and friends to search for a potential buyer. But remember to clearly mention a raised price and condition of your car.

Once you have talked to a buyer and are sure about its genuine, you can arrange to show our car. If you don’t trust someone or don’t want him to come to your home you can arrange a meeting in a park or somewhere. The buyer might want to take a test drive, and it’s a reasonable request. It will be best to accompany them on the drive, you’ll be able to point out some specialties of your car on the way too. It will also help you to solve all their queries.

Be confident: treat the buyers with confidence. Make them understand the best points of your car and answer their queries confidently, preferably with proof. Also make sure to mention the mode of payment clearly. And clear your position so as to avoid any problems after the deal is closed.

Closing the deal:

 Make a good offer keeping in mind the price you had decided on the buyer’s mind set. Pass the title over to the buyer after receiving the payment and remember to inform your insurance agent to cancel your policy of the vehicle as you have sold it.

Complete the paper work: complete the legal formalities cautiously. Double check that you completed all of them properly to avoid any confusion and future claims. Keep all the papers of the car ready when closing the deal. Read the papers carefully before signing to avoid any future conflicts.

Thus if you follow a proper procedure and follow all precautions selling your old car is easy. Apart from all these points always trust your intuition while dealing with a buyer. Happy Selling!!