Tips On How To Sell Your Car
When it comes to thinking about selling your car, you probably think it is very easy. You just take a couple of pictures, post them online or on social media sites and just wait for the calls to come in. As easy as that sounds, a lot more goes into how to sell your car. You’ve got to think about the method you’ll use to get rid of the car, how and where to best advertise it, what the condition of the car is in, and so on. It can get pretty overwhelming. If you are thinking of selling your car but are asking “how do I sell my car?” these tips can shed some light on how to best sell your car.
Tips To Sell Your Car The Right Way
Get Your Car’s Full Information
Your car’s full information goes beyond just the make, model, and mileage. You have to enter as much detail as you can. Every detail you add – whether your car has a sunroof, brand new tires, Blu-ray player, etc. – can be considered extras that can bump up your price. Be as detailed as possible when posting your car online. Furthermore, the pictures you take are just as important. If you are naming key features, be sure to get good photos of those features. Your pictures must be clear and in the right light to attract eyes to your listing.
Gather Up All Important Documents
When you are selling your car, you have to have all the documents necessary to answer the potential buyers' questions. Don’t just tell them about car repairs – show them the receipts. And get every deal you make in writing. You can write or type up a bill of sale and have both you and the buyer sign and date it. Of course, you must have the title of the vehicle before you go and sell it. And if you have a loan that is not fully paid off on your title, you may have to get in touch with your lenders and see what the proper course of action is. It is also a great idea to check on your DMV’s website to see what other potential documents you may need.
Decide Whether You Want To Sell Privately Or Trade-in
You have the option of either selling your car privately or trading it in at a dealership. Each option has its pros and its cons.
- It can be faster than selling privately
- You don’t have to deal with giving out your own phone number or email to strangers
- You can get credit on a new car at that dealership
selling your car privately:
- You negotiate with the potential buyers
- You make more money when you sell your car as opposed to trading it in
- You don’t have to pay anything to a dealer
Set The Price For Your Car
Setting your price is an important step. You don’t want to overprice and scare away potential buyers, but you also don’t want to underprice your car. Research around for what the going rate is of your type of car so you can get a general idea. And if you’ve gotten work done on your car recently, definitely take that into account. This is also where those extra details you listed come in handy. Things like built-in navigation or leather interior can bump up your asking price. If your car is still under warranty, you can also use this as a selling feature.
Set Up A Test Drive
The test drive is important if you take advantage of it. Definitely you want to make sure to go with the buyer on the test drive. This is where you can talk about all the special features and answer any questions they may have. Don’t be pushy and just let the conversation flow naturally. Also, as a safety precaution, you should have a family member or a close friend accompany you on the test drive as well – that way you aren’t alone with a perfect stranger.
Negotiate Your Asking Price
So you’ve listed your car, found a good potential buyer, and you’ve been on the test drive. Your buyer is definitely interested and wants to start talking about the price. This is where the negotiations start. Negotiations only work if you have, in your mind, set the lowest amount you are willing to go. This is where all your research comes in handy because you should know what your car is worth. You are going to have buyers that will try to lowball you; don’t get overwhelmed or anxious to accept the first offer. If you feel like it is too low, you can either counter or just simply reject the offer and move on.
So, when it comes time to sell your car, don’t be caught unprepared. These tips can help you best navigate how to properly sell your car. Get the most money you can by being the most prepared you can. And if you decide to keep your car, you may want to take a look at using the title to get yourself a car title loan from Wisconsin. Car title loans help when you are faced with an unexpected emergency and need money quickly. Even if your car is new or 10 years old, you can still qualify for a loan. So, whether you decide to keep it or sell it, make sure you know how to sell your car the right way.
Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.