How to sell your car without any problem
Unlike most personal belongings a car comes with safety regulations which must be verified to transfer the ownership and be licensed for use. The seller can take the approach of letting the purchaser beware however if you want to derive maximum value from your used car, the following steps can help you sell it off without any hassles.
Market researchLook up the specific year, make and model on different dealer sites and classified ads to see how much they are selling for. Consider your car’s mileage, overall condition, model, special features and any modifications made. Research will also let you know how many cars like yours are available for sale in an area. If the price you quote is popular, expect that your car should sell quickly.
Make the car presentable – Whether you trade in your car to a dealership or sell it privately, if you want to make maximum money, take time to thoroughly wash and mend your car. This way it will show better in pictures. It makes a huge difference when an interested buyer comes to look at the car and it is clean and presentable.
Know the service history – Knowing about your car’s mechanical history helps to confidently answer questions that generally come up from prospective buyers.
Ready documentation – Keeping the mandatory documents ready also helps for a smooth selling experience
Mechanical Inspections - If your car is no longer covered under warranty it is good to have a mechanic inspect it to advise you of any issues that may be there or come into question in the selling process.
Asking price – It is good to set an asking price to let room for price negotiation. Also, keep in mind that the car buyer has to pay tax to the government when they transfer ownership.
If you are trading in your car into a car dealership, you are likely to get less value than by selling it privately. This is simply because the dealership needs to invest money in the car to service it and allow scope for their profit.
Advertise for sale – Nowadays, people post online for selling their cars, so it is good to include a detailed description of your car and post photos of the interior, engine, boot and exterior. This will lessen the number of unqualified questions and help sell your car quickly and smoothly.
Expect questions – Questions from prospective buyers are inevitable, so being able to confidently respond to their enquiries will gain the trust and confidence of the other party.
Finalize the deal - Once the deal is struck, the best payment modes when selling to a stranger are cash or certified cheque or bank draft.