For people who have not experienced selling an old car before, the task might seem really tough. Actually, it can be a little tough. But by just following basic (which are usually ignored) steps, one can successfully seal the deal at the end. This article is about those basic steps, and a little bit about my family's experience in selling our old car.
We all have different reasons as to why we sell our old cars. It's probably because you fancy a new one, or you can not maintain a lifestyle with a car, or you might need the money for something else. With the state of our economy nowdays, we always want to get rid of our old, but still very usable and in good condition properties by selling.
We had an old Kia Sportage that we needed to sell. It was not because it was so old and hardly useful, but it was because we needed a bigger car for our growing family. A family of seven can hardly fit in a Sportage car. So, we all agreed that we were ready to part with it, when we were stuck with a question: Where can we sell our old car?
This article is all about the experience we had in selling our old car, as well as basic but easily forgotten tips in selling old cars.
Where can I sell my old car?
There are quite a number of used-car stores laTelly, all brimming with used cars ready to be bought. You can see them as competition or a potential buyer. You can always opt to sell your car to one of those used-car stores, but always be wary of hagglers. They know this business more than you do.
There are numerous websites that offer a great marketplace online; eBay, craigslist, and local buy-and-sell forums, to name a few. However, one should always be wary of shady transactions, as well as bogus buyers and joy reservers. Bogus buyers and joy reservers are people who seem like they're interested in buying the item and then pull out at the last minute. Not only do they waste your time, you also turn down other potential customers because of them.
If you're not comfortable with online transactions, try the good ol 'Post-it advertising way. Try posting some ads in front of your house or on the windows of your car. If you have some money to spare, you can even advertise in your local newspapers, just do not forget to count all your ad costs and add it to the selling price of your car.
In our case, the car itself was our ad. Since it was just parked outside, its soon-to-be owner saw it and got interested. But the car was not ready for selling yet.
Getting ready for the deal
Some just find it convenient to sell their old cars as is. While that may seem more convenient, it does not bring up much cash when you start offering a price to the interested buyers. Our Sportage had to undergo a bit of beautification and transformation. The insides were cleaned, the machine was checked, its condition was checked, and the windows were wiped. After its car salon trip, we almost did not want to part with it. Suffice to say, the interested buyer was impressed and was was willing to hand in a bit more cash for the car and speaking of payment, one should be aware of how their car actually costs before naming a price to a potential buyer.
Numerous websites help car owners determine the cost of their old cars. These sites determine your old car's worth through your car model, the year it was made, and its mileage. You can also go to car forums to see discussions about different car models' worth in the market. After determining the worth of your car, you might want to consider the costs you've given to your car like the accessories, paint job, repairs, and such. Decide ahead the lowest selling price you can offer, so you will not seem unsure during haggling; it helps to stand firm on your decision.
Present some legal documents to potential buyers as proof that the car is legally yours. Also, inform them if the car has experienced any accidents before and the reason you're selling, just to be transparent to potential buyers. If you consider selling another car in the near future, at least you'll be known to some people as an honest seller.
Get ready for a test drive, as that is mandatory for anyone wanting to buy or sell a car. If you've checked your car's condition and had it taken to a car shop to be examined beforehand, then there should be no problem during this stage.
After sealing the deal, pat yourself on the back as you've just successfully sold your old car. I'd understand if you'd feel a bit sad to see it go, but all good things must come to an end. And really, you should just congratulate yourself for surviving the tiresome and hassle experience of selling an old car.