Anyone who owns a car knows that, unlike wine, cars don’t appreciate in value as they age. In fact, Edmunds reports that some brand-new cars depreciate in value by as much as 20% as soon as they’re driven out of the dealership.
Don’t worry, though you may not get back your original investment (i.e. cost) for your car when you sell it, you can still get the best and most competitive price for it if you heed these tips:
1. Price it wisely.
You can get top dollar with your car for sale if you follow this pricing rule of thumb: List its price at the high end of the price range. For example, if you want to sell your car for $5,000, you can list its selling price at $5,800. This way, you have more room for haggling.
If you’re not sure how much your car is worth, you can check out prices of cars similar to yours in popular websites such as eBay and Craigslist.
2. Take care of your car.
A car for sale that’s well-maintained will always fetch the best price. Regular checkups and vehicle maintenance (such as changing the oil, air filters, tire pressure, and the like) will keep your car in good condition and lengthen its longevity, thus making it easier for you to attract buyers. After all, no one wants to inherit problems, especially costly ones.
3. Know all the details related to your car.
Make sure you know the make, model, year, paint color code, and VIN (vehicle identification number) of your car. Also, check if your car is included in manufacturer recalls. This will help you appraise the value of your car.
Knowing your car’s specs can make it easier for you to convince buyers to get your car, especially if you’re selling it directly and not through a dealer.
4. Obtain your vehicle’s service history.
Aside from the usual details about the car, you should know your car and its service history. If possible, get all documents related to them as proof.
Those documents can make it easy for you to say that your vehicle was not abused or involved in any major incidents. On the other hand, if it was involved in incidents that required major repairs, you can limit the degree of “damage” of such information — it’s better to inform potential buyers upfront what you did to repair or fix your car instead of omitting those details.
5. Be detailed.
When posting your car on car auction or selling sites, it is best that you include everything that potential buyers need to know. Be sure to include as much details as you can.
Also, make it a point to post as many pictures of your car as you can — from various angles that will show its interior and exterior. As a pro tip, do not use a cheap camera or a low-end smartphone’s camera. Use a DSLR camera — that way, you can get crisp pictures, which will make buyers see how great your car is.
Presenting your used, well-loved car in great shape to potential buyers will make selling it easier — not to mention that you’ll get the best price for it. You’ll need the help of experts to maintain your car, though, so get in touch with Meyers Auto Parts via their website or call them at (702) 431-8000. They’ll give you an honest and fair assessment of your car’s current condition — what needs to be fixed or repaired, etc. They can even help you figure out the best selling price for your car and link you up with potential buyers.
The team at Meyers Auto Parts are sharing with you.