For all those people who are new in the process of car-selling, this can be a novel experience. During this process, the seller can be placed both in a defensive and offensive position where each move should be strategic to get the maximum amount from the buyer. Below are some excellent tips that will help one to earn cash by selling a used car and thereby avail the full value of their transaction.
10 Excellent Tips to Follow
- Do Your Homework- When it comes to selling a car; knowledge will be the most valuable thing. It is how much a person knows about his car will help to break or make their sale. Below are some pointers that one needs to be familiar with regarding the car he plans to sell. These include,
- Date of Manufacture, Code of Factory Paint Color, VIN, Model, Make, Year
- Any recall work on the car
- Common problems with the vehicle and whether you have taken care of it or not.
- The average selling price of the vehicle in such a condition
- How significant is the engine displacement?
- Avoid “Book Value”- Keep away from the concept of “Book Value” simply because attitudes and culture both affect the trends in the market at a faster pace.
- The History of the Vehicle Matters- Often in the case of private sales the history of the car is surprisingly left out. This, of course, is in a buyer’s best interest but to have a private seller capable of pulling the car’s current history report will help to add to the credibility of the seller and thereby give a reason to the buyer to trust the seller that he is portraying everything honestly.
- Consider the Service History of the Vehicle– Although this is something that one cannot replicate accurately yet can create an astronomical difference when it comes to the selling price. In case the owner of the car has the paperwork of the parts purchased it will throw light on the fact that he has taken good care of the car and takes pride in selling it. That will help in putting everything in one folder along with the receipts and service dates in a chronological manner. Laminating them will be a good choice.
- Thorough Detailing of the Car- Inspecting a filthy car is the principal factor that can turn off a buyer. Detailing a car is an art yet this process need not be something arduous or expensive. It is the detailing that will allow a car owner to polish money virtually into the car’s finish.
- Click Detailed Pictures of the Car- A car owner should put himself in the shoes of a customer. Just as he would look for more information while purchasing a product online, similarly the more info a car buyer gets about the car, the better will be its outcome. So, if one plans to sell used cars for cash, he should ensure to click a couple of high-resolution pictures of the car. For best results avoid taking pictures from a mobile phone but instead use a good quality camera that has impressive picture quality and excellent dynamic range. There cannot be anything better than using a DSLR camera.
- Annual Description- As the buyer will live with the car; it is evident that he will keep an eye on all the issues of the vehicle both big and small. Thus, it is incredibly crucial for the car owner to call perfect attention to such matters for making the buyer and the seller is on that same page. It is a trick to boost up the credibility of the seller as well as give less wiggle room to the buyer in price negotiations. These are some questions which you must answer in detail with the description,
- Was the car repainted?
- Does it have large of small imperfections in its paint?
- Did the car meet with an accident which they did not mention in its history report?
- What is the exact condition of the tires and are they matching?
- Is there any problem of oil leakage?
- Did the car undergo any significant repair?
- Did the car owner experience any long-term or intermittent faults?
- Does it need an alignment?
Answering such questions will help but to make it easy it is best to categorize them into different sections with each describing the traits of a specific car part followed by outlining its condition.
- Easy Reach-While selling a used car online, it is always wise to add a number. Merely adding an email ID will not suffice. It is good to add the contact number so that the buyer can reach the seller quickly. Often the car owner may feel hesitant to share his phone number getting worried about strangers, but through phone book one can keep all their worries at bay. If they are still apprehensive of sharing their number, Google offers an area code for free to a particular number to utilize in the form of call forwarding services. It will work well, and the best part is the moment one gets a call they will know it is about the selling of their car.
- Keep the Paperwork Handy- After finalizing a time for a buyer to check the car, the car owner should ensure in having all the paperwork handy. Handover the keys and allow the buyer to do the inspection. He should answer the questions honestly, and in case they are stumped there is no harm in saying that he does not know.
- Avoid Buckling the Price- If the car is in excellent condition, there will be a lot of buyers who will show interest to buy it. Of these, the majority will look for a discount for different reasons. So, the car owner should select a price which is realistic depending on the market value and despite a lot of demand they should avoid buckling the selling price. In case the price is negotiable, it can be inflated by 10% with the option of “Best Offer.”
Hope these tips help you make the best deal. Good Luck!!!
