Many people look to sell used cars and hoping for the maximum cash to pay off their old loans or put a large down payment towards their new vehicle. While there are many online and offline options, the process can be a little tricky, especially for beginners and sometimes experienced car sellers.
This article provides you with all details you need to sell used cars in a step-by-step guide. This guide provides you with all what you need to know as a beginner or an experienced car seller.
Sell used cars: determine your route
Selling used cars can be done through multiple routes; each route has its pros and cons, and before making your final decision about which route to follow, it's very crucial to familiarize yourself with the different pros and cons to be prepared for any hiccups or surprises during the car selling process:
Trade-in your vehicle with the dealership
If you have a brand-new vehicle in mind, your best and easiest way is to trade in your old vehicle to a dealership.
When trading in your vehicle to a dealership, you're only dealing with one party that will buy your old car and sell you a brand-new vehicle. Thus, there is limited Hazel in the paperwork related issues.
While trading in your vehicle with a dealership can save a lot on taxes, they might not provide you with the top dollars you might be looking for.
It's highly recommended that you shop for multiple appraisers from different dealerships, even if one of them as you're a brand-new vehicle of interest.
By getting at least three appraises from different dealerships, you can have a rough estimate about what is expected and the actual true value of your car.
Try the instant cash offers
The instant cash offers are new programs available online for all customers, usually free of charge.
The great thing about these offers is that you can log in to these websites and provide your vehicle's VIN to get a rough estimate about how much to expect for your car.
It's recommended that you provide as many details about your car as possible to avoid getting a misleading offer. Otherwise, you might be overestimating or underestimating your vehicle's worth, which could result in some contention at the pickup time when you finish the deal.
Some of the common instant cash offer programs is the junk car removal companies which usually is available in almost every state in the United States.
If you decided to go this route, it's recommended that you check for the companies online and offline presence, it might not hurt looking into all customers reviews then check out what they think about their experience with a certain junk car removal company.
Another thing to keep in mind when shopping for a junk car removal company is any hidden fees. Many companies might surprise you with hidden fees, including charging you for the towing service after finishing the deal. Thus, make sure to be upfront with them and ask them for any requirements or fees you have to pay for anything.
Sell your cars or private buyer
If you're not in a rush and are looking for the highest price for your used car, your best alternative is to sell your car yourself to get the maximum offer. Unfortunately, selling your car to a private buyer can be extremely challenging because it acquires a lot of preparation in terms of paperwork and finding the right platform to get in touch with the right private buyer.
Also, if you don't have experience dealing with private buyers before, you might get into many scams related to either payment methods or stealing your vehicle.
Sell used cars: Prepare all necessary paperwork!
Despite the route you decided to follow to sell used cars, you need to have all paperwork ready, and the worst situation is to cancel or delay a deal just because you don't have all paperwork.
Therefore, it's recommended that you check your state's regulations about all necessary paperwork that has to go into selling your vehicle.
For example, you need to have your vehicle's title ready at any minute because someone might call you who was interested in buying your car choose
If you don't have a vehicle title, it's very important to be clear and upfront with customers and highlight this information in your vehicles posting or advertisement.
Selling a car without a title can be extremely challenging unless you're selling it to a company like Cash Cars Buyer who is willing to purchase vehicles without titles as long as you have the required paperwork to prove ownership, like the photo ID and valid car registration.
However, if you are the vehicle's legal owner, you can always request a title replacement from your local DMV office. They will ask you for certain paperwork to prove ownership along with a small fee so they could get you the new title.
The other thing you might need to prepare is your vehicle history reports or a Carfax report. By having these additional people work even if they are not required for any selling process, you can provide some confidence in the car selling process and encourage the customer to trust you and be sure that the vehicle doesn't have any problems hidden.
Sell used cars: Get your vehicle ready!
The first impression is very crucial when it comes to selling a used car online or offline.
Therefore, it might be worth investing some time and effort in taking care of the vehicle and making some touchups to indicate that this vehicle was taken care of.
However, you need to be very careful and balance the amount you would like to spend investing in this vehicle and the reward you will get.
For example, if you are selling your car to a private buyer, it might be worth checking for any burnt light or fixing a broken mirror. On the other hand, if you're selling a car to a junk car buyer like Cash Cars Buyer, you don't have to worry about all these issues and details because they guarantee to buy your car no matter what.
According to automotive experts, spending a couple of $100 getting your vehicle prepared for a sale makes sense. Anything more than that can be a little too much.
Consider giving your vehicle a car wash, and if it's worth it, it might also provide additional value to give the vehicle of a wax coat.
When the customer sees your vehicle the first time, and it looks clean and taken care of, this provides him with an indication that what's under the hood was also taken care of.
Sell used cars: Understand your vehicle's worth and set up the right price!
When it comes to selling a used car, we all are always hoping for the highest price. However, we have to be realistic and provide a listed price that is reasonable.
One might not understand or be aware of how much his vehicle might be worth. Thus, it's recommended that you spend time and effort researching how much your vehicle is worth.
There are tons of available online tools to help you give this information. For example, you can use Kelley Blue Book to help you determine your vehicles worth by inputting information about your vehicles type and condition. Kelley Blue Book will provide you with an estimate about the minimum and maximum values you could imagine or expect for your vehicle when posting your ad.
You can also take it to the second level and have your vehicle inspected by a professional mechanic who will provide you with an accurate estimate about how much exactly you could ask for this car.
By having a number in your head's back, you can be more confident in the negotiation process because customers will not immediately accept the offer you will ask for.
Sell used cars: Advertiser your car, show it, and prepare for the test drive!
By now, you have decided on the platform that you would like to go with and sell your car through. If you decided to go with classified websites, it's very crucial to take high quality images and provide all necessary information in the advertisement.
If your advertisement doesn't include all information about the car, you are just wasting your time and the buyers' time because they will come and see it and walk away.
Once you land it on the right customer, it's the right time now to prepare for a test drive.
Remember, you are dealing with strangers, and therefore, you have to be careful and follow the right guidance on preparing for a test drive, so you don't get scammed or put yourself in danger.
Sell used cars: Finish the deal, keep all paperwork, and get paid!
The last step is to finalize the deal & all necessary paperwork. Remember that you need to keep this paperwork for any future issues that happen along with this deal.
You will also need this paperwork when filing your taxes at the end of the year, and therefore, it must be saved in a clean and safe place.
It's very important to choose the right payment method that doesn't involve any third-party accounts. The best option for you is always to request cash payments. Otherwise, ensure that you meet with the buyer close to the bank and ensure that any check or money order goes through before finalizing the deal.
If you would like to sell your car to a junk car removal company like Cash Cars Buyer, you could either get in touch with us by phone by giving us a call at 866-924-4608. Or, you can visit our website and click on the free instant online.