Choose the best way to sell your car !
Don’t sell your car in a rush, as usually most sellers do. Your patience is valuable and can fetch a much decent deal. Having established your realistic price now it’s time to decide on the best possible options to sell your car.
Who is your preferred car buyer ?
Sell to a used car dealer:
This is a fast way to sell your car and get a fair price.
However if you intend to sell your vehicle to a dealer, it isn’t wise to take the very first offer you are given. Assess it, and accept it, if it is right, based on what you believe your car is worth. You may be required to visit few dealers (at-least 5) in your vicinity and compare their offers, before you settle for the best.
Trade-In your Car:
If you are planning to buy a new car trading in may be a good option. However a word of caution is that you should not get into the trap of Four Square Technique albeit negotiate each aspect of your deal (i.e new car price, Down Payment, Monthly payments and Trade-In value) separately to be a winner.
Sell to an individual buyer:
This method by far is considered to be highly rewarding as per industry experts. However, it involves a lot of patience, dealing with strangers. And of course uncertainty of deal being honored or not, by the buyer.
No matter how and where you sell your car, there are a few tips you can follow to maximize your return (paid link).
First, make certain your car looks good. Wash it, wax it and do all you can to give it a great “Sparkling Looks.”
You definitely, want the prospective buyer — be it an individual or a dealer — to want your car. Looks DO matter.
Necessary Precautions !
Qualify Prospects well
Every person approaching for your car, may not necessarily be a prospective buyer.
You must qualify them, on certain minimum parameters. You may filter the ones who really deserve to be the next owners of your car.
Parameters like their expected budget, whether they are planning a bank finance, how much awareness & liking do they have to the brand/grade you are proposing, may form the basis of your judging and qualifying prospects.
Keep your dealing safe
Personal meetings with strangers may be unsafe.
If you are going to meet someone, to give them a look at your vehicle.
Do it in the safest manner possible, meeting during the day at a public place that is frequented by other people.
Feel free to ask the prospective buyer, how they plan to pay for the car, to make certain that they are serious.
If you have any doubt about them, don’t meet with them. There are other buyers out there.
Assure Yourself of Proper Payment
If you decide to sell your vehicle to an individual, accept only cash or a cashier’s check in payment.
Best idea would be, to close the transaction at the bank that issued the cashier’s check. Never accept a personal check under any circumstances. Once you have made certain that the cashier’s check is good, you can sign over the title of the car to the buyer and let them take possession of the car.
Fix It or Disclose It
If your car has obvious mechanical problems, you need to address those either by getting them fixed.
Alternatively, you must simply point them out to the prospective buyer. While a private party might want a car that has no problems at all — don’t we all? — dealers will typically expect the car to have some mechanical issues. The fact is, they have the ability to repair those faults much less expensively than you do, and they expect to do some vehicle prep before they retail the car on their lot. So, if you are going to sell your car to a dealer it is much less important that the vehicle be in near-perfect condition.