Guide To Selling Your Car

Selling your car

The market today features a large variety of vehicles for sale, more so then ever before. If it is difficult for the buyer to make a decision on what he wants, then someone who wants to sell his old car faces an even bigger problem. The competition is so high, that if you want to sell off your old car you need to know what you are doing. Quite often, selling to a dealer is a easy way to get rid of your vehicle. However, dealers know the price of vehicles better than anyone, so you are less likely to dupe a dealer into paying more than a fair price. Also, each market from state to state has different prices, driven by local factors. A vehicle for sale in Sydney may be cheaper than in Perth, but transport costs rule out any arbitrage.

How to select what price I should sell my vehicle for?

The first step in selling your car is to get a realistic idea of a price to expect to sell your vehicle for. Most sellers tend to look at dealer advertisements or other private car advertisements, quite often they opt to list at a higher price then what their vehicle would realistically sell for. Remember, dealer vehicles come with a warranty and guaranteed title, plus the vehicles are generally in a much better condition then the average private sale vehicle. For this reason, it is unwise to think because a dealer has a vehicle listed for sale that appears similar to yours, that your vehicle would be equivalent -quite often its not. There are two reasons why a car doesn't sell, price and presentation. If your vehicle is priced too high, or presents poorly, you will have difficulty convincing another to part with their hard earned.

Thinks to take into account when determining an asking price is checking on how much mileage you have used, the general condition of the car and any special features you have put in it. Compare that price to what you can buy a similar new or second hand vehicle Once you have decided how much your car is worth then the next step is deciding where to sell it.

Different Methods of selling your Car

You can put your car up for auction, sell it privately, trade-in with a dealer or sell it on consignment. All these options have their own pros and cons so it is advisable to do a good market research on them and then decide what suits you best. Putting a ‘for sale’ sign on the car is also not a bad option. Take the car to places it will be noticed and make sure the sign is legible and seen clearly. Advertisement for your car if selling it privately can also be done in other ways. The best methods are newspapers, car magazines or on the internet. Ensure that the ad is truthful and has all the details pertaining to your car. Mention the make, model and year of the car, the body type and number of doors, if it is an automatic transmission or not, its exact colour and any added features like CD player, air conditioning or leather upholstery it might have. Putting up photographs of your car would give the buyer a better insight on the colour and make of the car so make them high-quality. Do not forget to put your phone number in the ad.

Once the decision of how you will sell the car is done, add value to it by checking on the general condition and maintenance. Wash and wax the car, tidy the interior and empty the trunk, clean the carpet and upholstery, shine up the tires and hubcaps, take care of dents and do away with stone chips, scratches and scuffs. These relatively inexpensive costs can end up getting you a better deal.

Before meeting with the buyer

Before meeting with a potential buyer, try and learn a little about your car. Know how many miles it has covered and how many times it has been serviced showing appropriate receipts and documents. Information like engine capacity and fuel consumption are also useful bits of information to have on hand. A prior report from your mechanic may also help. Buyers are very clever so if you want to sell your car, you should have all the answers to their impending questions. If you get numerous enquiries about your car, meet up with the buyers and negotiate. Never leave your car alone with a buyer or hand over the keys unless payment is done, or at least take their drivers licence as security if you do ever decide to lend the vehicle out. Remember, your insurance may not cover you for accidents by non related drivers. Be very careful of the con artists out there looking for a chance to nab.

When closing the deal, make certain that all the paperwork is regarding insurance, registration and finance is in order. If there is any doubt or query regarding the paperwork, go to the Local Department of Motor Vehicles in your state or territory. The Western Australian (WA) state body is the Department of Planning and Infrastructure. For NSW, QLD, ACT and Victoria, please refer to you relevant department. Remember, if you vehicle is financed, you must pay out the finance company before you transfer title to the new purchaser.

Finance you can rely on

The main reason why most private sellers are unable to sell their vehicle is that the buyer cannot secure finance. GetApproved.com.au finances privately sold vehicles. If you need help in securing finance to help your buyer purchase your vehicle, then contact our team today. Additionally, we are able to help you when financing your next vehicle. Enquire today and discover why more Australians are turning to the benefits of online car finance from GetApproved.com.au