Is the depreciation and maintenance of your car too high? Or do you simply want to change your car? If you find yourself nodding your head to any of the questions, you probably need to sell off your car. The burning question is, how do you plan sell it?

Below are two of the conventional routine car sellers take.
1) Sell to used car dealers
2) Sell to direct end-consumers

1) Sell to used car dealers

This is the most common way to sell off a used vehicle – selling your car to a dealer. After all, a dealer will buy nearly any car you place in front of him. Even if your car is scratched, dented, or smashed, car dealers have their ways to recondition it and sell it off.

When selling to dealers, it is advisable to check with a few dealers on the selling price. There are many tactics that dealers use to lure their sellers. One common way is to quote a price way above the market price. After the seller has rejected all other reasonable offers from other dealers, the dealer reduces his original offer and the seller will be stuck with a lousy offer.

Pros
Selling to a dealer is absolutely hassle-free. (If your price is sufficiently low, they may provide door-step service and serve you as if you are some kind of royalty.) Dealers handle all the documentation of the sale and provide you with cash payment.

Selling to a dealer is safe and simple. With a few phone calls, your car is sold.

Cons
The single biggest disadvantage of selling to the dealer is the relatively low price offered. Dealers act like middlemen and are making a profit on your vehicle. Typically, each used car will have to generate at least $2,000 profit, else it would be uneconomical for the dealer to buy it from the seller. The profit will account for the dealers’ overheads such as rental, salesman salary, and their other bills. In addition, they face the risk of uncertain market conditions which may translate into deficits if they are unable to sell the car off.

One must always be careful when signing any document with a used car dealer. They are very experienced in the complex field of motor trade, and you can easily be short-changed. You should always insist on all verbal agreements to be written down.

2) Sell to direct end-consumers

With more automated filing systems implemented by the government, owner-to-owner sale is a growing alternative for many owners to sell their vehicles nowadays. The legal documentation process has been streamlined, and the presence of many online platforms, connect buyers with sellers directly without the need for middlemen.

For such cases, the seller will need to advertise his car for sale, arrange for viewing and test-drives, then proceed with the documentation to transfer the vehicle ownership.

Pros
By eliminating the dealer, car owners can fetch a higher selling price as compared to if they sell it to a dealer. This is the sole advantage, but also a very significant one. After all, the aim of selling your car is to get the highest price possible.

Cons
When conducting a owner-to-owner sale, all the administrative work will have to be settled by the seller and buyer. The seller has to cancel his insurance and pay his loan in full. If the buyer requires a loan, the seller may also need to help him to secure a loan to seal the deal.

Time and money could be wasted if no one respond to your car ads. Several viewing and test-drives does not necessarily lead to a successful sale. Selling a car is not an easy feat.

Mishaps may take place during an owner-to-owner deal. There is a chance that the seller may not have the necessary documents for the transfer. Perhaps, he may not be well-versed with the exact procedure to make the transfer of ownership – making payment; transferring the ownership; collecting the car. It is crucial that the seller knows his stuff to ensure a smooth flow for the transfer of ownership. It is not uncommon for ill-informed sellers encounter difficulties during this process.

By: Vincent Tan

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There are many times when people want to dispose or sell their cars due to many reasons, for raising some funds when in financial crunch, or to buy a new car, or when shifting base to a new place, etc. Whatever might be your reason to sell your car, everyone wants the procedure of advertising about the car, getting a buyer and selling the car and getting cash for cars, to end as soon as possible, and that too without loosing much of your hard earned money in advertising. It might sound too good to be true, but there is one way of selling your car soon and that too without spending much, or even no money at all! That can be possible by advertising online.

Advertising online to sell used cars is the most efficient, fast and inexpensive way of advertising. Advertising in local or national newspapers might be seen as the conventional way of advertising, however they offer you with little space to advertise and are highly expensive, moreover, and your advertisement reaches a limited readers. However, when advertising online, you do not need to pay any money in most of the cases, and the space provided for writing the content fro your advertisement is unlimited. In addition, today everyone has access to the World Wide Web and turns towards the internet for everything, from banking, to shopping to buying used cars.

Steps to Advertise Online to Sell Your Car:

Step one: browse the net

There are several websites on the internet that buys or deals in selling and purchasing of used cars. These include online classified advertisements and sites for online auctions of used cars. You need to browse and select a website that meets your requirements and suits you the best. Most of the websites allows you to sell cars for free, without paying any subscription charges or commission to the website owner when the deal is done. However, you cannot say the same for the online auction sites. Choose the most appropriate site and complete the formalities like that of filling the subscription form, giving personal details, etc. These sites are also useful and beneficial for people who are dealers of used cars. By subscribing to these sites you can increase your data base, contacts and stock of the used cars to be sold.

Step two: Give Information:

Now that you have subscribed and have become an account holder on one or few sites, now you need to provide as much details about the car to be sold as possible. The more clear information the potential buyers will get, the more they will be interested in your car. Give as much as possible clear cut information and details about the car, like the car model, model year, kilometres covered, average, etc. Be to the point and honest. If possible provide photographs of the car.

Step three: Personal Details: Give your permanent address, e-mail and contact number, preferable mobile number, which is accessible. Do not forget to check your mails and account on the website frequently or at least daily. Fix meetings with seriously interested potential buyers.

By: Bob B. Simpson

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Kansieo.com

Deadly Sin 1 — Not doing research

This is the actual source of much of the difficulty with selling your own car.
Research is the reason the car dealer has the advantage. He knows his business. The
private seller usually has little to do with car prices until they want to sell their car.
The main benefit of research is that you will know a realistic price that you can
charge for your vehicle. This means that you will most likely sell it more quickly and
easily. A dealer sets his price by charging whatever the market will bear. Proper
research will allow you to quickly estimate the market for your vehicle in a private
sale.

Deadly Sin 2 — Listening to unfounded advice

This follows on a little bit from No. 1. There’s often financial pressure at the time of
selling a car – which leads others around the seller to give their opinions as to the
price or the desperation to sell. It is often given with the best intentions. If someone
is giving you advice as to the value of your car you shouldn’t necessarily ignore it
but it is best to do your own assessment. If you do your own quality research you
will find that you are less likely to be concerned about doomsayers.

Deadly Sin 3 — Not preparing your car for sale

It is amazing, but some people will try to sell a car with a full ashtray of cigarette
butts. At the very minimum you should vacuum the car and give it a wash. If you
really want to maximise your price putting some time into the presentation of the
vehicle is essential. The best way to approach this is to imagine you are the buyer.
See yourself viewing the car for the first time. What impression does it give you?
Now make a list of things that you can inexpensively fix or handle and attend to
them. Properly detailing your car is highly recommended.

Deadly Sin 4 — Trying to hide known faults from a buyer

Well it’s fairly clear that this is dishonest and should not be done. Some states
actually have laws which hold you liable if it is found that you sold a car with known
faults. A used car may have some faults. The best way to handle this situation is to
know exactly what the fault is and how much it will cost to fix it. You can then
reflect that in the price you ask for the vehicle. The principle is to repair only what
will be paid back in the sale price.

Deadly Sin 5 — Selling to a professional buyer

There are people that make their living buying cars at bargain prices. For this reason
you should learn to recognize them. They will make you a very low offer. The best
way to protect yourself is to do the research step thoroughly and be prepared to say
no. They are basically trading off the fact that most people don’t really know the
market and are sometimes just desperate to sell.

Deadly Sin 6 — Not doing your paperwork

You absolutely must complete all the DMV or vehicle authority paperwork to fully
transfer the title. Otherwise you may receive parking tickets or other nasties from
the other party.

Deadly Sin 7 — Letting yourself be bullied by tyre-kickers

Many buyers will make a list of all the things they have found wrong with the car
and then tell you the price that all this costs to repair. Don’t assume that their
figures are correct because they appear to be an expert. It is often the case that if
they are truly an expert they know how to get the repair done themselves for a
much cheaper price. You will find that two of these experts have two totally different
ideas about the price. As you can see, it gets back to research again — if you have
priced your car correctly — you won’t be overly disturbed by tyre-kickers.

By: Graeme Sprigge

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Most people would like to sell their cars after using it for a certain period of time, in order to avail a new car. But just selling the car is not enough, you would like to sell your car by getting maximum profit. Isn’t it so?

In order to get the highest cash for cars, you surely need to follow a few simple steps in order to sell used car of yours in the most effective manner.

In this article, we will discuss about simple steps that can give you profit, while selling your car.

1-Cleanliness of your car

While selling your car one thing that has to be kept in mind is that, it should look perfect or flawless. Your car should be as clean as possible, make it look like a new one.

For this you can use products like a tire cleaner, car polish etc, in order to make your car look splendid. In short the cleaner your car is the better are your chances of making money.

2- Details of your car

Once your car is made clean, the next step is to make the paperwork, details, as well as registration of your vehicle clean. For this you need to gather all the information related to your car, which can help the deal done as quickly as possible.

For this you should keep all the car servicing receipts and the pink slip properly, in order to show the buyer that your car is in a good shape.

3- Performance of your car

Before you say I am ready to sell my car, it is always better to get a conformation statement on your car’s performance form a skilled mechanic. In order to save a lot of money and time, you need to show that your car is in a good shape.

It won’t cost you too much, to get a full mechanic check- up of your car done. Rather it will act as an effective tool while selling your car, if you are able to show it on a paper that your car is in a good condition.

4- Worthiness of your car

You can easily make decide the worth of your car, by comparing it with the other cars of the same make and model. For this you need to research the market value of your car through the Kelly blue book, other sources.

5- Publicity

You can advertise your car in a local newspaper, online or via SMS. Keeping your car in a spot, where it can attract more number of potential customers is an excellent way of selling your car.

It is not that easy to sell a used car in the market, as it involves a lot of effectual techniques to be performed. But by following the above steps, you can easily get the maximum out of selling your car.

By: Marth Fionna

About the Author:

Kansieo.com

There are a number of ways in which you can sell your car for a decent price, each with its own set of limitations and advantages. In this article we are going to discuss how to make the most of a private sale.

Selling your car privately will undoubtedly get you the highest price for it but the process can take a considerable amount of time and effort, not to mention some advertising expense.

Advertising

The product you are going to advertise, i.e. your car should be spic and span. You can advertise both online as well as offline. Use both the methods to get better responses. Online advertising is free!

Responding To Prospective Buyers

Once a buyer gives you a call, get his name and number and get a time and date at which he will be comfortable visiting. Many a times, prospective buyers fail to turn up on decided dates. Take it in your stride and do not get frustrated. This happens a lot during private sales! Instead, now that you have their names and phone numbers, give them a call and politely set a new date and time of visit!

How to Deal with Prospective Buyers

When your prospective buyer turns up, greet them, offer them a drink and get down to business. Let them take a look at your car independently. Ask a family member or your spouse to be there with you if you feel, you might not be able to handle the deal alone.

Let them point out the flaws and other details and answer them as the inspection progresses.

Do you know that before you can sell your car you need to get a clearance from the bank, in case there’s some loan payments are pending on it?

Offer a test drive to your prospective buyer but make sure that you accompany them.

During Negotiations …

While keeping the buyer uncertain, carefully listen to the faults, he points out. Don’t be bullied into making an unsatisfactory deal. If you think that the buyer is getting a bit too unreasonable, stand your ground and do not budge from the price you’ve set. It’s necessary to know the limits.

Closing the Deal

If you and your buyer have reached an agreement, put it on paper and include points like:

The payment amount and payment terms. Mode of Payment, the safest being a Check Payment. Inspection and repairs. The date of transfer of the vehicle, the day you are finally going to hand over the keys. Once you’ve accepted the payment, give out a deposit receipt to the buyer and give him a date and time at which he can pick up the car.

By: Marth Fionna

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