Are you trying to sell a second hand car? Following these easy steps on how to sell your car can help you turn a second-hand car into pocket money.
If you want to sell a car, you are probably wondering how to sell it quickly and at the same time get the best possible price. We put together a list of 10 steps that can help you through the process, as well as a checklist to make sure you don’t forget anything.
Step 1: Educate yourself on the used car market
The first step before selling a used car is to get an idea of what is already being sold on the market. Check on the internet what prices other sellers are asking for other cars similar to yours. This can give you a rough idea of the competition you will have when trying to sell a car.
Step 2: Choose a competitive price when selling a car
Determining the price of second – hand car is one of the most important steps when selling a car. A car priced too high, perhaps no one would want to buy it, or a car priced too low could be considered a scam.
By analyzing the used car market, you can get an idea of the prices that other sellers are asking for vehicles similar to the one you want to sell. These prices are not an exact guide, but they can help ensure that you are not asking too much.
Step 3: The appeal of a used car in the sales process
First impressions of a car make all the difference. So you want to make sure your car makes a positive first impression. Generally, a simple car wash is not enough. Paying particular attention to the wheels, rims, interior of the vehicle, as well as the exterior can help you sell a second hand car more quickly.
Step 4: Where and how to advertise the sale of a second hand car?
First, you could advertise the sale by running ads on free listing websites or simply parking the car with a “FOR SALE” sign. However, today there is a much more efficient way: the Internet. Try to post the ad on used car websites and you can also take advantage of social media.
Step 5: Car sales, how to make the ad attract attention?
Some important aspects that you should include in your advertisement are: Price, year of manufacture, make, model, quality of the finish and color. It could also include some specifications on the condition of the car. In addition, it would be advisable to include clear and bright photos, both of the interior and exterior of the car, these small details could help you sell a car faster.
Step 6: Show the car to potential buyers
This step can be one of the longest in the car sales process . Try to analyze potential buyers before inviting them to see the car, someone who is only a little interested can waste a lot of time. Before allowing anyone to test drive your car, make sure you have a valid driver’s license.
Step 7: Negotiating the best price
When someone shows interest in buying your car second hand, they usually make you an offer. Here begins the negotiation phase. On some occasions, depending on how strict they are with the sale price, the person may walk away from the offer if they do not receive the price they want. Don’t be discouraged if this happens, there may be another buyer offering a price that is closer to what you are asking for.
Step 8: How to handle difficult situations
On some occasions, you may find that the buyer is only willing to finalize the purchase after the car has been inspected by a mechanic. If you think that a used car service would be just and necessary for your safety, consider reducing the sale price, or splitting the cost of the service with the buyer. Although, if you reported that the car was being sold “as is,” you shouldn’t have to worry about repairs.
Step 9: Closing the car sale and handing over the keys
The regulation on the sale of cars varies by country. To ensure that the sale is permitted and that your liability is limited, check with your local authorities about the requirements for changing the ownership of the vehicle. Make sure you accept a secure payment method, and not to forget to cancel your vehicle insurance policy.
The last step in selling a car is officially handing over the keys to the vehicle. Selling a car should be a win-win situation for both you and the buyer. Now you have turned your second hand car into pocket money!