📅 January 06, 2020•
⏱️2 min read
When it comes time to buy a new car, many people choose to sell their old vehicle themselves instead of trading it in. You may receive more money if you can sell it on your own; however, it is not always the easiest thing to do. There are a few things you need to keep in mind to increase the resell value of your car and have a successful sale.
The first thing you need to do is a complete inspection of your car. Are there any necessary repairs which need to be performed? Nearly all vehicles have some small items which can easily be replaced, which you may have been putting off. A cracked tail light lens or a significant door ding may not kill the sale, but it certainly does not help. It can be quite inexpensive to complete these repairs, and many things can be done yourself. Also, if there are any mechanical problems, have these repaired as well.
Next, you need to have a clean and presentable car to show. There are many things you can do yourself to help improve the looks of your vehicle; however, most people do not have the skills necessary to detail a car correctly. Professional detailing can often bring your vehicle back to like-new condition. Everything on the vehicle, inside and out, is cleaned and polished, including the engine compartment. And right down to the weather stripping around the doors. It may cost you $300 for a good detailing, but this may add 700 or $800 worth of value to your car. Professional detailing is one of the best investments you can make when selling your car yourself.
Determining a price to ask for your car is quite easy these days. There are several websites such as Red Book which will provide private parties seller pricing for nearly all used cars.
Finding a place to sell your car is also quite easy. The old-fashioned way was to park the car with a for sale sign in a high traffic area. This still works great today and can generate some interest. Also, it is easier than ever to sell your car online. Unless you have something you are selling very cheap or is extremely rare, you should avoid eBay. Most buyers on eBay are looking to steal a deal. Try listing your car for free on craigslist.org and possibly online with your local newspaper if they offer the service. There are also many classified sites which cater to local markets for selling cars.
Finally, don’t get ripped off when selling your car. No matter how nice somebody seems, take everything with a grain of salt. Only accept cash if possible from a seller. Even bank drafts and money orders can be forged quite easily these days. You may also be able to set up a direct bank transfer between your institution and theirs with the help of your bank. Also, do not hand over the title until the funds have cleared.
Keep these tips in mind when selling your car yourself. You can often avoid many of the headaches and traps associated with selling your car by sticking to these guidelines. You should, however, expect to have to deal with quite a few people who are tire kickers and not real buyers. There also will be many people contacting you with scams. Be extremely careful and only meet someone at a well lit high traffic area. Many police stations have no problem with you meeting someone in their parking lot, and many often encourage it.