With a more affordable price tag, a wider variety of product, and increased availability, many people are choosing to buy a used car, truck, or SUV over a new one. When you’re ready to sell your used vehicle, it’s important to know how to set yourself up for a great experience.
Whether you sell to a private party or a dealership, in-person or online, getting the best deal may come at the cost of doing a little homework. Before you put the ‘for sale’ sign in the window or take out an advertisement, here are some important things to do to sell your used vehicle as quickly, conveniently, and hassle-free as possible.
The first thing you should do when you are ready to sell your used vehicle is to get an idea of its value so that you can establish an appropriate sale price. Our team reviews multiple sources to find the current value of your vehicle so you get the most for your trade. Sites such as Autotrader to view similar cars, trucks, and SUVs for sale in your area by dealers and private sellers to compare against yours.
In order to get accurate valuation, they will typically ask questions as to the year, make, model, trim, mileage, condition, and/or VIN of your vehicle. They will use this information, along with local transactions, markets, and third-party automotive valuation sources like Kelley Blue Book and Edmunds, to determine a fair market price. These values are not always exact but are intended to give you an estimate of your vehicle’s worth. Many of these appraisal sites also have the function of buying your car from you. Each will have its own estimate and transaction process that can be extremely convenient.
Getting your car inspected by a mechanic can also help to identify any potential issues that would affect the value and provide a professional opinion on the condition of your vehicle.
There are many factors that can positively influence the value of your car such as low mileage, great condition, modifications, and upgrades so make sure to account for those in the value.
Get ahead of the game and gather the documentation that you will likely need during the transaction. This includes any warranty information, maintenance records, the title, and the vehicle’s registration. While having a vehicle history report isn’t a requirement, having one available for potential buyers is a great way to assure them of the condition. Another thing that the new buyer will appreciate is having the owner’s manual as well as any technology, modification, and upgrade manuals.
Clean and vacuum your vehicle and remove the personal things so that potential buyers can see themselves as the new owner of your car. Make sure you have all the remotes and keys for the vehicle ready and charged. These details aren’t necessary but can go a long way to making a great first impression.
People choose to buy a used vehicle versus new for many reasons including their lower cost, product type, availability, and location. By following the tips above, you can give yourself the best chance to stand out and make a fair deal.
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