Selling a private car can be a daunting task if you are doing it for the first time. However, with a little organization and research, you can simplify the whole process and make a good profit. There are a lot of choices that you will be required to make. For instance, you will need to choose to advertise the car directly to the public or sell to a trader. You can sell car either to a dealer, at auction, or directly to a private individual. Whichever the case, make sure that you get the maximum possible profit. Here is a guide on how to sell your car.
Know the market
To begin with, check out how much sellers are asking for your type of car. More often than not, dealers will have different prices as compared to private party listings. Search for your specific criteria in internet sites such as One Shift so that you can know how many similar cars are on sale. If you want to sell your car quickly, take note of the mileage, condition, and selling price of similar cars and list yours at a good price.
Determine the worth of your car
Before selling a car, you need to have an estimate of the amount of profit that you will gain when the deal is sealed. Before committing yourself to any deal, it is advisable to find out the worth of the car. Make sure that you first determine the current market price of the vehicle. It is wise to consider a trade-in value at a dealership if the worth of the car will turn out not to be a profitable sale. Make sure you price your car competitively.
Give the car curb appeal
Buyers will make up their mind to buy your car or not in a matter of seconds depending on its curb appeal. The first look at the car matters a lot. Therefore, make sure that the first look is positive by ensuring that the car is clean and attractive. For instance, the car should be mechanically sound and free from scrapes, dings or dents.
Gather the paperwork
Gather any document that will be needed to finalize the transaction. Once you have gathered the documents, go ahead and advertise your car. Be prepared to have maintenance records, bill of sale, warranty documents, release of liability, and the title.
Advertise the car
Once the car is looking great and running properly, the next thing you need to do is advertise it. On-line classified ads are the ideal place to advertise as they are convenient and have a wider geographical search. You can advertise the car on social media, message boards, word of mouth, websites, and on the car itself.
Screen potential buyers
After advertising the car, respond to all incoming inquiries either through email or phone. It is advisable to set up test drives only for the potential buyers. Before you set up a test drive ask for the buyer’s full name, clarify payment forms and determine if the buyer is in your local area.
Finalize the sale
Once you have agreed on a sale, ensure that you complete the paperwork. After the payment has been completed, fill out the bill of sale, provide copies of maintenance records, fill out the release of liability and sign the title.