Used Cars For Sell - Deciding on the Used Cars for Sell
vehicle sale selling sold
Selling a car can either be moderately easy or it can be extremely difficult, which is why there should be a bit of research done before putting up a used car for sale. Depending on various factors there can either be a great profit, a substantial loss or an equilibrium can be reached as a result of the sale. The basics of selling a car that has been completely paid off are easy tasks to complete, but require a noticeable input of energy. More complicated things like selling a car that still technically owned by the dealership or seller because it has not been completely paid for is a different story that requires more detail. Here are the basics.
Consult with Kelley Blue Book
Regardless of what any dealership may quote, the most accurate quote will come from Kelley Blue Book. The fair market value for any year, make and model vehicle can be found with Kelley Blue Book. This will ensure that the car is sold for a fair price. Kelley Blue Book can be accessed online through its official website.
Try to Avoid Selling to a Dealership
Many sellers find that they get more money when they sell the cars themselves rather than to a dealership. Dealerships typically only offer 25 percent of fair market value for vehicles more than four years old. That means that the dealership may offer $3000 or more less than what the vehicle is really worth. A do-it-yourself attitude can be very beneficial when selling a car even when it is being traded in for another vehicle. Get as fair a price as other used cars on sale.
Advertise As Much As Possible
Do not rely solely on newspaper ads. People looking for a used car to buy search not only car lots and newspapers, but also websites. Take advantage of online classified ads and even auction sites to raise more awareness about the vehicle for sale. Make sure the ad has an accurate description of the vehicle and that any and all contact information is current. Keep the lines of communication open with potential buyers and be open to answering any questions about the car.
Make any Necessary Repairs to Car Before Selling
Do not sell a car that is likely to quit running or has any other type of current trouble. Any issues that the car may have need to be resolved before advertisements for its sale are placed. If repairs are not made when and where they are needed, then there could be serious problems with the buyer after the vehicle is sold, unless there is a clause put in writing stating that the vehicle is sold ‘as is’. Most potential buyers, however, are looking for a vehicle with no problems and are not likely to buy a vehicle that does not run smoothly. Give potential buyers the opportunity to have the car inspected by a mechanic of their choice before a transaction is made. Also, be honest with the buyer by addressing any concerns regarding the reason the car is being sold. Keep records of any and all repairs in case the buyer asks to see them.
Keep the Car Looking Attractive
Aside from making necessary repairs, cleaning the car is the most important aspect of selling it. Oftentimes, buyers tend to buy based on first impressions. If the vehicle is not clean and attractive, then it is much less likely to be sold than if it is. Replace any burnt out light bulbs, remove any trash, vacuum the carpet and seats and wash and wax the exterior. All of this needs to be done to get the best offer for possible.
Make Receipts, Sign Over Title and Notify DMV
Once an offer on the vehicle for sale is accepted, make a receipt and notate any conditions or stipulations on the receipt. Keep at least two copies of it and give a copy to the buyer. After that, sign over the title and notify the department of motor vehicles of the sale. The buyer is responsible for any registration changes after the transaction is complete. Notify insurance companies of the change in ownership and keep all records of changes.