Newstricky| By the end of 2021, there will be over 289 million registered vehicles in the U.S, both new and used.
Eventually, many of us sell our cars because we want a newer model or a larger vehicle for our family. Perhaps you’re wondering “how can I go about selling my car?” and you’re looking for tips to speed up the process.
Sound familiar? Don’t worry, you’ve come to the right place. Here are six tips to help you sell your car.
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Table of Contents
Gather Your Paperwork
The first step on how to sell an old car is by gathering your paperwork.
Make sure you have the car’s title and if you still owe money, sort out your loan before arranging a sale. You should also hand over the maintenance and service records including any repairs, new tires, or oil changes.
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Deep Clean and Make Necessary Repairs
The key to DIY car selling is deep-cleaning your vehicle by vacuuming the carpets, removing junk from under the seats, and getting the exterior polished.
You should also make any major repairs such as replacing the engine or fixing an oil leak. If you don’t have money for the investment, then contact a buyer in your area and offer a discounted price.
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Set Your Asking Price
Before selling a car, it’s important to choose a realistic asking price. If you’re struggling, Google your vehicle’s model and see what others are selling at a similar age or mileage.
Once you’ve arrived at a decent asking price, add $500 on top so there’s room for negotiation.
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Post an Ad
Still wondering “how do I sell my car?”
Then create an eye-catching ad to reach prospects, whether it’s online or in the local newspaper. In the ad, including the highlights of your vehicle, the price, and contact details. And don’t forget to include the model and mileage too.
When you’re happy with the ad, post it on social media and ask loved ones to share it.
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Arrange a Test Drive
The next step on how to sell your car is offering prospects a test drive. Arrange to meet in a public spot, like the mall or coffee shop, and sit with the potential owner as they drive your vehicle. Avoid trying to sell the car during this time, simply respond to any questions.
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Close the Deal
You’ve found the perfect owner for your car, so it’s time to seal the deal. Let the buyer make the opening offer and negotiate until you’re at a good price. Before shaking on it, ask the buyer for cash or a cashier’s check before handing over the keys.
Selling My Car
Hopefully, you’re thinking “I’m now confident about selling my car”.
Start by gathering the right paperwork, deep-clean the vehicle, and create a short ad to generate a buzz. You should then arrange a test drive and negotiate so you both leave happy. Good luck!
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