What Is the Best Way to Sell a Used Car?
Selling a car privately is the best way to get good money from the sale. However, before you make the final sale there are a few steps you should ensure to follow to make it sell quick and easy.
Thoroughly clean your car.
You should ensure you thoroughly wash the exterior, vacuum the seats, wax the leather, empty the trunk and vacuum any dirt. Tuple the fluid levels. Ensure to fix any minor issue with the lights and tires. Also, ask a second opinion from the mechanic to ensure that the car is in the right condition.
Take clear photos of the car.
Take plenty of pictures of the car from different angles and ensure they’re as clear as possible.
Prepare all the documents.
This includes the original sales contract, title, and service records. Get a car’s history report. This will help to build trust with the buyer. Ensure to make copies of inspection records. This shows the buyer the car is well maintained and that the car is reliable. Also, most buyers like to have the car inspected by a mechanic of their choice. This is why prior inspection by your mechanic is important to avoid surprises.
Know the value of your car.
You can check from car valuation sites e.g. KBB and Edmund to know your car value for dealers’ retail, private sale value, or, trade-in option. Also, you can check local listings from dealer sites to see what other sellers of similar cars are asking. This will help you to put the right asking price within the range for similar cars.
There are also instant cash offers from dealers like cars.com, auto trader, CarGurus, https://1hourcash4cars.com, etc.
Place an ad with car listing sites.
Use a clear and catch description to attract buyers. Ensure the ad contain the following; the color of the car, condition, mileage, date of manufacture, the car model, any other additional features on the car (trim features), service history, your contact details, and many clear pictures.
If using a dealership for trade-in option, ensure to ask several dealers on the amount they can offer for the car. This way you can sell to the highest bidder. Also, beware that you will pay commission to the dealer so expect much less from the sale than you may have expected.
Screening of potential buyers.
After an ad is placed, you will receive calls and emails from interested buyers. During the conversation, highlight the main selling point of the car without exaggerating. Also collect their email address, names, and phone number and encourage for a test drive. Make sure to clarify the payment method so that the potential buyer knows exactly how to pay. lookout for fraudsters who may ask for personal information.
Conduct a test drive.
A test drive should be made in public places. Ensure that you take a photo of the buyers driving license before handing over the car keys. Make sure your car insurance covers the third party. You can ask a friend or family to accompany you. During the test drive, highlight all the selling points of the car, plus, answer any question that the buyer might have.
Agree on a price, collect a payment, and sign the paperwork.
If the buyer agrees on a price, it’s time to make payment. Collect only cashiers checks and not personal checks. Accompany the buyer to his bank and let him transfer the money to your account. After the confirmation of payment is made into your account, sign the title to the buyer and complete the bill of sale in as-is condition.
After the signing, make copies of the document and inform the DMV that the car is sold. The legalities of this differ from state to state so you can confirm with your state. Don’t forget to cancel or transfer car insurance.
Protect yourself from fraudsters. Always deal with the buyer face-to-face. don’t transfer title to the buyer until the check is cleared or when the full payment is made. Avoid anyone who wants to communicate by phone or email only. Do not accept a check with the amount higher than the agreed price and do not agree to wire the difference in the amount. These are all scammers way to rob you your hard-earned money