5 Essential Car Selling Tips For Smart Sellers

Introduction

Generally speaking, buying a car is much easier than selling one, if you aware of a few car selling tips. There is a newly born excitement when buying something new rather than selling something you have been emotionally attached to for a long time. More importantly, you would need a good dealer and an understanding borrower to do the work or find your car a better home at the right price. However, there is a lot more research that goes into the process when you start considering selling your car.

In this blog, we will discuss some essential car selling tips to make your next investment dreamy.

Selling A Car

You may have several questions about where to start as you have decided to move on from your possession. Even more, how to increase the resale value of a used car. Finding a customer for your car is easy, there are a lot of people enthusiastic to buy a used car in the market. However, finding a good customer for your car is the final victory. But how do you know if a customer is good or bad for your car?

Look for a buyer with a good reputation: This means a background check. If they are a private buyer or a dealer, knowing their market and economical reputation is important. The buyer may be enthusiastic about the purchase and once the deal is done and closed, you will no longer hold the authority over the car, but in the worst-case scenario, to avoid any legal issues – your buyer should have a good reputation on his latest deals or payment history.

Make sure they have a consistent payment history: Looking into payment history or reviews of the dealer or private buyers will give you a clear picture of their stability and payment capabilities. If they can be trusted is not just a gut feeling, it is better to have someone who can prove it with paperwork to avoid any problems down the road.

5 Essential Car Selling Tips

1. Better your sales pitch

Imagine you are a buyer yourself. You would be skeptical of your seller regardless of their well-maintained history and vehicle. The same goes with your buyer when they are looking into buying a pre-owned car. They would want the best experience possible within their budget. Therefore, before a buyer gets to see your car, keep your essentials ready:

Paperwork: Compile the documents of your car from the beginning. This will be the service record that will present you as an authorized seller among your buyers.

Prep work: If you have any minor dents, scratches, or stains on your car, it is beneficial to get them fixed before you go on to sell your car. You might think, “Why fix anything if I am selling? But these minor details may take a toll on your resale price when negotiating with the buyer, if not taken care of. And these prices wouldn’t be an extra for you compared to the final amount you will receive on your car if presented well. Moreover, a waxed and polished car is certain to attract more buyers to you with higher bids.

Use USP and CTA: Using unique selling propositions is one of the essential car selling tips. Even more, call to action will benefit you with instant attention. If your car is in good condition, use words like “well maintained”, “urgent sale”, “waxed and polished” etc to grab buyers’ attention.

Howevre, how many car selling tips you may read, you may not be able to benefit from the car selling tips if you do not put them into practice.

2. Use a third-party service

Using a mediator is beneficial when everything goes haywire. Third-party services make sure your buyer is certified and authorized, by ensuring your vehicle and financial safety. They post ads on your vehicle, visible to a larger audience to make your bid smoother and faster. Your potential buyers can contact you directly and they may even provide their credibility upon request. This is a much easier and safer option when it comes to selling a car. You need not do any groundwork or break a sweat.

Although, you should remember that none of these services are free. There is a standard fee these companies may charge for their services. So, be sure to ask them beforehand.

3. Selling the car to a dealership

Unlike private sales where you have to do all the research and background checks, dealing with the dealers is much easier. There is everything posted online from ratings to customer testimonials that give you credibility on the dealer and their process of selling your car. And on top of everything, a dealer can give you a better offer on your car, but only when you have done your homework. That is, if you know the basics of selling a car, from depreciation value to resale rates, you can negotiate with the dealer – who may otherwise try to trick you into selling your car at a lower price.

4. Selling a car to a j̶u̶n̶k̶y̶a̶r̶d̶

If your car is beyond repair, then you have no choice other than to get the most at a scrap yard. But junkyard returns are not at all worthy of your car and the owners have mastered the art of the scam. But if your car is even worth the journey inside a city, there are a lot of private buyers who will be willing to buy your car at much better rates than a scrap yard dealer.

It all boils down to your negotiation skills when selling a car to a junkyard or even a private buyer. But if your car has been properly maintained over the years and you have maintained your documents fairly, you are at greater luck to sell it to anyone at higher resale value, just not a junkyard, please.

5. Wait till the end

If your buyer needs to pass through an RTO process for the vehicle registration, guide them through the process. You can also mention the added charges in the final bill and let them know beforehand on the same. Also, when accepting payment, it is a good practice to wait till the end(till the amount is credited to your account) before you hand over the documents to the new owner.

If you want to transfer your finance to the new owner, check out our guide “Car Loan Transfer 101: Safely Transfer Loan To A New Owner”

Bonus Car Selling Tips

The Bottom Line

The above car selling tips are not limited to your dream investment, however are essential. Finalize the deal and make the transactions without a delay if you think that your car has gotten the price it deserves. If not, you can always negotiate with your buyer and show them proof of your good maintenance. There are several dealers and aggregators online that can help you through the process if you do not have the time to go through everything alone. The charges however are applicable but not high compared to the benefits you will be reaping.

If you are still unsure how, give us a call at Blue Carz and schedule a meeting with our representative, who will take you through the process of selling and transferring the financing of a car. Keep following our blogs for more car selling tips.