You could be having an old car you want to get rid of or you are simply interested in a new car and want to sell the car you have currently and add the sum to what you have in order to buy the new one. What are the steps to take so that you can sell your car?
Step 1: Determine the Vehicle’s Worth
Sometimes the decision to sell a vehicle privately comes down to the amount of profit you’ll gain through the transaction.
Before you can decide whether or not the process will be worth the effort, you’ll need to find out exactly how much your car is worth.
A few resources that will estimate your vehicle’s current market value include:
Kelley Blue Book.
If your car isn’t worth as much as you thought, you may want to consider it for trade-in value at a dealership instead.
Selling a car is not only about having the vehicle in good shape. There is need for the necessary paperwork to be in order. There are certain types of documents you should have because they will help you seal a clean deal. People are very reluctant in buying vehicles or anything which does not have proper paperwork.
Here’s a checklist of what you should have ready as you start the selling process:
Vehicle history report
When you place your ad, you may want to include your vehicle identification number (VIN), as some buyers will want to check the car’s history for themselves.
However, it’s also important for you to have a thorough knowledge of your vehicle’s history, especially if you are not the original owner. You should be able to discuss any major repairs or issues that have come up while you owned the car.
Maintenance records Getting Your Car Paperwork Together to Sell
It’s one thing to mention in your ad that your car has been meticulously maintained. It’s quite another to have proof. If you’ve kept copies of all your maintenance records, or if you can get them from the dealer or repair shop, by all means make them available to prospective buyers. It will help convince them that buying your car is a safe bet.
Now that everything is order it is time to take care of the aesthetics. Your car is for sale and it has to look the part. Get it inspected, wash it and ensure every wrong thing is made right or else the buyer will have more negotiating power than you.
Get it inspected
Why: Find out what’s wrong with your car with a professional inspection. You will know you’re not selling anything dangerous, and you can fix any small problem with your car.
If you try and sell your car with lots of small faults, the buyer has more negotiating power over you.
Clean it like it’s never been cleaned before
Why: A clean car will sell faster and for more money. Clean out the inside to remove all your old wrappers and gum and look for any incriminating evidence of your own life. Hit these target areas for the interior:
- Seats — treat the leather/vacuum the cloth.
- All the glass in the car
- Armorall the dash
- Get a steam cleaning if you smoke in the car.
For the exterior: clay the paint, wash the car, and then wax the car.