4 Tips For Selling Your Car

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Selling your car can be daunting. You might feel uncomfortable bartering over value or unsure of the automotive jargon and questions buyers may throw at you. It’s understandable. The motor trade is a notoriously difficult trade to get right especially if it’s unknown to you. To help you out when selling your car here are some tips to consider.

1. Private sale or dealer sale

Traditionally there are considered to be two main ways you can sell your car. First, there is the option of selling your car to a dealership. You have no doubt seen dealers advertising the fact they will buy your vehicle, signage such as ‘We buy new cars’ or ‘Cars for Cash’ is becoming commonplace. There are some great benefits to opting to sell your car to a dealer.  It will save you a lot of time and hassle. You will not have to deal with repeated customers coming to look at your vehicle, ask for test drives, inspect the car, and spend your time with them, only for them not to then buy it. It is also a safe and trusted route as dealers won’t turn up at your door should there be a problem with the vehicle and you know you will receive the money. 

 

Alternatively, you can sell your car privately, despite the cons listed above you may be tempted by this route as private sales can often fetch a higher value, ergo you will get more dollars for your car. 

 

 

2. Know its value 

Once you have decided how you are going to sell your car be sure that you know its value. You can look online to get an idea of prices but remember not all cars hold the same value. The market will set the value of the car (not you) and the value will be affected by certain things such as the age of the car, the mileage, the condition, any service history, etc. If you are comparing cars to find a price be sure to compare like for like. Also, if you are selling to a dealer remember they will only give you a trade price, which will be lower than the retail price you see advertised. 

 

Another top tip is to consider how quickly you want to sell your car. If you are in no rush then you may want to hold out for the higher price, if however you just want a quick sell then be prepared to accept a lower sum.

3.  Prepare you car

It goes without saying that when buyers turn up to view your car you want it looking its best. Would you buy a car that wasn’t clean inside and out? Spend a little bit of time and money having it cleaned both externally and internally. It may even be worth investing in getting any paintwork touched up or those small dings or dents fixed. 

 

4. Negotiate

Love it or hate it, negotiating will play a factor in selling your car so be prepared to do it. Don’t accept the first offer or reduce the price more than you know it is worth. Most importantly, don’t be afraid to ask for more money. What’s the worst that can happen? They say no? Never mind, but they might say yes. 

 

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