Advice on selling your car

Want to finally buy the car of your dreams? Great! But before you get the Corvette you have dreamed so long about, it’s a smart move to sell your old car first. So we’ve put a lot of effort here and created this awesome guide to help you!

Preparation

Before a potential buyer comes to look at your car, you ought to grant your car a flawless look. Accurately understanding the basics of car trading may help you to sell your vehicle with smaller loses or even a nice profit!

  • Clean it very carefully. If it will look good, you’ll be already half way to what the customers want. Use a special car care products, which gives luster to the housing plastic parts and tires.
  • Also, don’t forget about the inside of the car, clean it with a vacuum cleaner and wipe the panels – it is a bare minimum, but you can try to restore the original appearance of the surface by special car care products.
  • Do everything that is in your abilities to get rid of cigarette odors and any evidence of the presence of a dog or other pet that is often transported.
  • If you don’t have time to do the cleaning yourself, get a professional help. Of course, it will cost you something, but it’s totally worth it.
  • Keep your engine clean – steam cleaning should do the work just fine. For second-hand cars, a glittering engine under the bonnet is a very effective marketing trick – although some potential buyers can be suspicious about it. Change the engine oil, so that it is clear when the buyer checks it.
  • It is always worth to get rid of all kinds of car body damage – dings, scratches and dents, especially for used cars up to 3 years old, before selling it off. Damage on the body surface is inevitable for older cars, so if you want to lose less money on the deal, they need to be removed. Paintless dent repair should be the first option to consider – it’s much faster and affordable than other dent removal techniques. And there are people who claim that the obtained results through paintless dent repair are also way better than for a traditional panel beating method – it’s almost impossible to trace the previously damaged spots.
  • Collect all the documents related to car maintenance. If you have receipts for the performed repair and maintenance works, it would be excellent evidence that the car has been well taken care of.
  • Second-hand car market is not as seasonal as in the past, but the fact remains that people will show more interest towards the convertibles before and in the summer, while for off-road cars when the winter approaches.

money and car keys

Selling Channels

There are at least two ways to sell a car, if you think it’s time to get rid of it and get a new one instead. One is a faster than another, but the other one is perhaps more beneficial (meaning you are likely to lose less money on the transaction). Here are the options:

Return the car to the first deposit / exchanged for another

It is the fastest way to get rid of an old car. If a car dealer willing to sell you a new car, he can offer you a pretty good price for your old vehicle, taking it as the first installment. However, you must know that in such cases the price offered by the dealer will be lower than the market value of the particular car. If you think this is not a good option for you, continue reading.

Sell privately

If you choose this approach, you have to understand it will be very time consuming. First of all, you have to insert proper ads, then you have to be ready that the potential buyer can call you any minute. Afterward, you will have to agree on the time and place where the car can be examined. The first step – preparation and distribution of the advertisement is a whole science – from the text to properly taken photos. You can definitely give a shot and use internet as the primary selling channel, for instance, auctions on eBay.

Another quite effective option is to park the car for commission trade – a company dealing with second-hand car trade. This will help you to avoid various risks and pitfalls, for instance, not getting the money for the sold item. Professionals know what to look for and how to correctly conclude a contract. In particular case whole responsibility lies on the vender (for which, of course, he gets a fair commission). There are many such commission traders in United States, you have to just google for one in your area.

How to set a proper price?

If you want to get the maximum price for your car, you must first know how much it actually pays.

For this purpose, you can explore on a used car price search sites to see the price range of your cars model and make, so you would not put a price that is too low or too high.

  • Remember – if your car is in particularly good condition and with low mileage, it is more valuable than most of same model and make cars (it’s simply a proven market statics).
  • Unfortunately, the mileage, which is higher than average, usually means that you’ll have to lower the price if you want to attract potential buyers.
  • Be honest about the condition of the car. If it is a bit scratched or have some other visual defects, you will have to adjust the price if you do not want to scare away the buyers.
  • Special release (special) or limited edition (limited) car is generally more valuable than the same versions of the base model – except of course in cases where base version is stuffed with accessories. Even in this case, you can have to put some effort in finding the right customer!

In case you are a proud owner of a desirable model and are lucky enough, you have all the chances to sell it more expensive. Once again, use the benefits of internet and car price search sites and compare your car with others on the offer.

How to write an advertisement that sells

example of an ad that sells well

When it comes to the text of advertisement, remember, depending on its quality you will either get a plenty of phone calls or, in the contrary, will hear your phone ringing less than you anticipated. It can take you several weeks of waiting to get a single call! To write a good ad, first of all, include all the key information, but in the same time avoid any exaggerations like “car belonged to a priest who used it only Sundays to drive to the church”… Specify the exact model / modification of the name, registration year, mileage, color, number of owners, equipment specifications, as well as whether the car has a full service history. Don’t forget to add photos and your phone number. If you are selling a car in an online auction sites like eBay, there is a possibility to add very long descriptions along with a photo gallery. Although the photo galleries are a huge plus, we don’t recommend expressing yourself in long stories about your car and its history, instead trying to be as focused on the main issues as possible. Less is more so to speak. Being short and focused in what you want to say doesn’t mean using as much as abbreviations as possible – it’s simply too easy for them to line up one after the other, but a large proportion of buyers do not understand what they stand for. The common ones you can use for sure include AC (air conditioning), ABS (anti-lock brake function), ESP (Electronic Stability Control).

How to get paid

If you have managed to find a buyer for your car and time to close the deal, there are a few things to take into account, so that you really get your money. As soon as you reach an agreement with the buyer about a price, ask for a deposit. This way you ensure that a few days later the buyer would not disappear (if he does, you get a compensation at least). Never hand over the car to the buyer before you get paid in full amount. If the money is transferred via wire transfer, always wait for a confirmation that the money has been deposited to your bank account. Only then you should give over the car documents and key. Don’t accept any printouts from the internet about alleged transfers if they do not have a banks stamp proving their legitimacy. However, we suggest waiting until you get the money! Be patient before you jump to buying part or otherwise it will be a more or less expensive lesson.