Read these 7 Selling a Used Car Tips tips to make your life smarter, better, faster and wiser. Each tip is approved by our Editors and created by expert writers so great we call them Gurus. LifeTips is the place to go when you need to know about Used Car tips and hundreds of other topics.
When you sell your car, you could run into a few problems. Use these tips to avoid the pitfalls.
Make the Test Drive Safe
Don't Turn Down Reasonable Offers
It is wise to have your price range in mind when selling a car, but that shouldn't mean you can't be flexible to make the sale. The potential buyer offers a price that is $200 or so less than your firm offer. Should you take it? Unless you have another serious offer, probably so. You may easily spend at least half that much with ongoing advertising and insurance or registration fees if you hold onto the car.
Invest yourself in selling your car. It may seem like a hassle but the rewards, if you do the work, are worth it. Why? Read on for some tips.
Many Individuals Prefer Not to Work With a Used Car Dealer.
Learn the Laws of Your State
This step is important for buyers as well as sellers as each has related responsibilities.
You know that a car that looks good is more likely to sell, so increase your chances of selling your car by doing the following:
Research Used Car Ads
Learn the appropriate language and terminology so you can describe your car in the most advantageous way and appeal to your target audience. Your ad should provide useful information that motivates the buyer to contact you. What features does your car offer? How can you best describe your car's appeal to your target audience?
Don't Be Afraid To Price Your
If your car includes options that are not considered in blue book pricing guides it is okay to adjust your price accordingly. One caveat: be able to substantiate any price differential with documentation of any upgrades/add-ons and their value.
You've done the work. Finally, a buyer is ready to sign on the dotted line and drive away. The car is sold but can you count on the cash? Here are some tips to make sure you don't get left holding an empty bag.
Decide Before the Buyer Arrives What Forms of Payment You Will Accept
Get Complete Contact Information for the Buyer
Put All Agreements in Writing
There are a few steps you should take to sell your used car. Here they are:
Do Your Homework First to Sell Your Car Fast
How marketable is your car? Is it currently in vogue or has it fallen out of favor? As you might imagine, this must be considered before selling your car. If the car is not popular where you are, you may need to find out where it is popular and take it there.
Define Your Target Market
Different types and styles of cars appeal to different groups of people. Think about your used car. Who is most likely to want it? Will you likely be selling to soccer moms or college students, guys that want to make an impression or business travelers?
When you know who you are trying to reach, you can more effectively tailor your ads in terms of language and placement. For example, college students and soccer moms probably don't often frequent the same websites or respond to the same kinds of ads.
Be Realistic About Your Chances of Selling Your Car
Set a realistic price that considers market and used car prices as well as your car's condition and any flaws. It isn't a bad idea to leave a little cushion for negotiating, but not too much – you don't want to scare off buyers or look as if you haven't done your homework.
So you've tried everything to sell your car. You've cleaned it up, set a fair price and advertised everywhere you can think of. Now what? Here are some tips to sell your car when all else has failed.
You've heard of consignment stores for clothes and furniture. Consignment services also exist for cars. If you haven't had any luck selling your car, you may want to give a broker a try. Before you decide, research the service carefully to be sure that you are dealing with an honest operation.
Consider a Used Car Dealer
Mega sellers, such as CarMax, purchase cars from individuals all the time. There is even a bonus – say your car is more popular and more likely to sell in another market, a mega seller can get it there and off your hands.
Try an Auto Auction
An online auction site, such as eBay motors, may offer just the opportunity you need to sell your car. Set a start and stop date, then watch the bids roll in. One caveat; be sure you understand about auto scams such as fake escrow services before you take this route.
When all Else Fails, Don't Forget Charity
You may eligible for a tax credit and the opportunity to help someone else is priceless.