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Getting rid of your used car? The process of selling a car can be overwhelming if you’ve never done it before. It can seem like a lot of work, but the time and effort you put into your car will be well worth it when you sell it quickly for a reasonable price.
Here are a few tips on how to get the most money for your car:
- Gather your car’s information. Your car’s title, service records, and original sales paperwork are the three major types of documents you’ll want to gather. In order to advertise and get the most money out of your car, look at the information you have. You probably know that you have a 2008 Chevrolet Impala, but you’ll also want to point out that it’s a 2008 Chevrolet Impala LT with keyless entry, heated leather seats, and a custom stereo. Those kinds of options will up your car’s resale value, so it’s important to have a complete list.
According to Kelley Blue Book’s Vice President of Vehicle Valuations and Industry Products Dan Ingle, being able to show that your car has had regular oil changes is an indication of good upkeep. “If you changed your oil every 3,000-8,000 miles, in keeping with the manufacturer’s recommendations, that’s a good signal to a buyer that the car has been cared for.”
- Clean your car. You aren’t able to control the model year and mileage of your car, but you can control its condition. Wash and wax your car, restore the interior, and change the oil. Take it into your mechanic and let him look it over. Make sure the vehicle is safe to drive, and fix what’s crucial. That way, you can tell (and show—keep the invoice!) any potential buyers that you’ve had it looked over. Money Talks News has a great article on how you can change the condition of your car for the better.
- Figure out your price. Make sure it’s realistic. You can use car pricing sites such as NADA Guides and Kelley Blue Book to find out what your car is worth. Set your asking price at five to ten percent above the amount you’ll actually accept. That way you can effectively negotiate, and the buyer will think they’re getting a deal when the two of you settle for less than the asking price.
- Put your car on Craigslist, AutoTrader,com, Facebook, and other social media sites to let people know you are selling. Many cities have “Buy, Sell, Or Trade” sites on Facebook now, so make sure to check that page out as well. Include photos from different angles and of the interior of the car. If you’ve done some detailing or added a custom stereo, make sure to post those photos as well. Emphasize the car’s unique features, and don’t forget to include the car’s make, model, and mileage information. Be honest about the car’s condition.
- Negotiate to sell your car. A buyer might offer a price that’s less than what you’re asking for. Consider negotiating; that’s why you listed a bit higher on your advertisement. Check with the DMV for your state’s rules on transferring ownership. You’ll have to sign the title over and provide the buyer with a bill of sale.
Have any tips? Let us know on Twitter and Facebook. Need an auto body professional? Call Great Plains Auto Body at 402.334.7100.