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At some point in your life, you are going to upgrade the car that you are driving. Whether you are making the change in order to get a top-of-the-line new vehicle or you merely want to try something new, you'll have to address your older car. Far too often, car owners sell their old vehicles to dealerships as part of a trade in the package. In doing so, most dealers end up getting quite the profit out of the transaction, allowing for the seller to be rid of their vehicle quick in exchange for a price reduction.
However, if you want to maximize how much you sell your used car for, you are going to need to follow a few of our tips. Today, we are going to be talking about how you can get the most for your used car when putting it on the used car market. We'll outline a few effective tips before letting you go to begin the process for yourself.
Selling Your Used Car: The Right Way.
Depending on what type of car you have, the market for your vehicle can change in a pretty dramatic fashion. Today, we'll talk in a general sense so that we can apply our tips to the vast majority of vehicles that you see populating the top car selling websites out there. When you are trying to sell your used car, you may feel compelled to just list it on the first website you see while taking the first offer that comes your way. If convenience trumps profit, this is a totally fine thing to do. However, we believe that you can maximize your value without stressing yourself out by following just a few simple tips. Let's outline these key tips below.
1) Sell Your Vehicle Privately.
That's right. Avoid trading in your car to a dealer as part of a package, as we highlighted above. When you trade in your used car for credit against a new purchase, you end up sacrificing a fair bit of your value. If you were to sell your car privately, by placing advertisements yourself, you can increase your profit by up to 15% -- at least! You WILL have to do more of the leg work in order to get your car sold but fortunately, most of that work can be done from the comfort of your computer chair.
2) Nail Your Presentation.
If you are using the internet to sell your vehicle, you should know that you are competing with many different people. The used car market is saturated and that means that it can be hard to get your car in front of the eyes of prospective buyers. In order to increase your odds, you need to nail your presentation. Get a high-quality camera and take photos of every angle of your car. Focus on all of the aspects of your vehicle that YOU would personally want to see, were you in the market. Use these high-quality photos on your advertisements, along with detailed information about your vehicle, in order to draw buyers in.
3) Clean & Prepare Your Vehicle.
If your used car has a host of small problems going on with it, take some time to address them. Whether you need to change out a tire or buff out a few scratches, doing the work now is the right time to do it. Consider cleaning your car both inside and out in order to have it shiny and ready to be bought as soon as you get an interested buyer. Everybody likes getting into a clean car because a clean car gives your buyer the chance to imagine themselves owning the vehicle.
4) Do Your Research.
Finally, you need to research the used car market. Specifically, you are going to want to address how much similar cars are being sold for. Take into consideration the quality of your vehicle and the various ailments that it might have. When you find a fair price for your vehicle, stick to it. You don't have to take the first offer that comes your way.
Selling your used car is easier than ever. Thanks to the internet and other technological advances, we can get the most bang for our buck. Use our guide to help you find the right buyer for your old vehicle.