When trying to sell a used car, many people attempt to reach an agreement with the dealer from whom they are buying their new car, hoping for a cost-effective trade. They assume they will get rid of their old car and acquire a new one at a low cost, but this is not always the case.
When you sell your old car to a dealer, they will seek to make a profit, even if small, from your car. They will advertise the used car intensively and wait until they get a suitable price from a buyer. Thus, the dealer often sells your car at a higher value than what they paid you.
The question is: Why not sell your used car yourself?
If you want to sell your car at the best possible price, you need a wide base of potential buyers to increase your chances of selling your car quickly and at the right price. You can advertise your car through recognized e-commerce sites, local newspapers, and other advertising means. However, the market value of your used car decreases daily, so a quick sale is essential.
Here are some tips to help you sell your car at the right price and as quickly as possible:
1. Maintain Your Used Car
Put yourself in the buyer’s shoes. Every buyer will inspect the car, even if they don’t fully understand what they’re looking at. Therefore, you must perform comprehensive maintenance on your car. Check the oil, windshield wipers, brakes, coolant, and ensure all lights are working. These small steps do not cost much but show the buyer that the car has been well cared for.
Inspect the tires and replace any damaged ones. Repair mechanical faults, fix tinting, and repaint where necessary. If you sell the car as-is, disclose any defects to the buyer, even at a public auction.
2. Clean Your Used Car
A clean car can significantly speed up the selling process. Wash your car thoroughly from the roof to the bottom using car shampoo and a sponge. Polish it with wax to make it look like new. Clean the interior, including the glass, seats, carpets, dashboard, and all small details. Fix any defects like the stereo system or missing keys.
If the car’s interior is upholstered in leather, use special cleaning materials to reveal the true color of the leather. Use scented materials to show the car is well-maintained, and don’t forget to clean the trunk and spare wheel.
3. Sell the Used Car Yourself
Do not entrust the sale to anyone else. The best value is achieved when the owner sells the car. Research the price of similar models before setting your car’s value. Ensure potential buyers are serious, and sell as soon as you receive a suitable offer. Avoid displaying desperation or urgency, as it can devalue your car.
Avoid unreliable showrooms where your car could be exposed to theft or damage. Be aware of the potential risks and protect your vehicle accordingly.
4. Choose the Right Time and Place to Sell
A lot of people choose to sell their used cars on Saturday or Sunday, the official state holidays, believing these days are perfect for showing their vehicles. However, due to the crowded market, your car may not get the attention it deserves. Thus, selling on these days isn’t always the optimal choice.
In conclusion, before selling your car, be well-informed about its specifications to avoid scams or deception. Being prepared and knowledgeable will help you achieve the best possible outcome.
