First-time used car sellers find selling quite challenging given the vast variety of options in the used car market in terms of platforms. The lack of knowledge about each platform and its processes makes it difficult for car sellers to make the right decision while choosing a platform. Choosing the wrong one leads to a financial loss for the car seller. To avoid such mistakes, car sellers need to research and understand the best practice that should be followed during the process including the right platform and preparation required to increase the resale value.
Profesional car seller like Carantee is likely to make fewer mistakes and sell your used car at the best price. The following tips can be adapted by the car seller to minimize risk during the car selling process.
Prepare for the Process
Before entering the used car into the used car market, it needs to be prepared. This includes checking the physical and mechanical condition of the vehicle and making some adjustments. Every vehicle that is in use depreciates not only in terms of value but also its condition. For this step, it is best to hire a mechanic who will be thorough and detect all the necessary maintenance and repair work. It is best to avoid fixtures that cost more than the residual value of the vehicle as the cost will not be covered by the resale price. A mechanic can also advise the car seller about such repairs saving their time and expense.
Besides the fixtures, a car seller can also thoroughly wash their car before meeting a buyer to give it a clean and fresh look. While washing the car special attention should be paid to the cleaners that are used and the method of washing. If the exterior of the vehicle is hot, it is better to wait for it to cool down to avoid water spots. It is always better to wash the car tyres first using separate cleaning tools and then move on to the car’s body. Use a vacuum cleaner and vinyl cleaner for the surface inside the car. For optimum results, finish off by applying a hands-applied car wax that will give the exterior extra shine. The paint of the exterior will also get a protective layer that will prevent it from fading due to exposure to sun rays.
Find Out the Resale Price of the Vehicle
Car sellers must gather as much information about the vehicle as possible so that they can make a well-informed decision about their car. They must determine the potential price of their vehicle before meeting the buyer so that they can demand a realistic price and make sure that they do not settle for less. Car sellers will also be able to negotiate with more confidence and make sure that they do not suffer a loss.
For the resale price estimate, they need to consult a reliable platform. Car sellers can consider a specialist car buying company for this purpose. The company has a car valuation tool available for free on its website. The car valuation tool considers basic information about the vehicle and provides an estimate within a few seconds. This is the market price estimate of the used vehicle. With other platforms, there is no assurance that the price estimate will be accurate.
With classified websites, there are no pricing guidelines provided by the platform, so car sellers need to determine the price themselves. Most will resort to price comparisons that can lead to an inflated price creating a gap between the demanded price and the buyer’s expectations. Car dealerships aim to make a maximum profit so, they will offer a price that is below the market price. Most car dealerships also have an estimation fee that car sellers must pay to get an estimate.
Choosing the Platform for Selling
Once the car and car seller has been prepared, the next step is to determine the right platform that should be used to sell the vehicle. This will determine the final price and the car selling experience for car sellers. Therefore, this decision must be made after much consideration.
If classified websites are used, then the car seller will be advertising their vehicle and waiting for a buyer to approach them. They will then carry on the rest of the procedure without any help from the platform. The users on the platform are not screened and it is accessible to anyone on the internet. This makes classified websites vulnerable to attracting scammers.
Selling through car dealerships can be stressful and intimidating for inexperienced car sellers as car dealers are professionals with vast knowledge about the car industry. They make use of their command over the market trends to ensure that they make the most of every deal. Selling through car dealerships can result in loss for car sellers.
Car sellers who are interested in a hassle-free and convenient car selling experience can consider a specialist car buying company. The online car evaluation can be undertaken in a few seconds. They can then book an appointment and take their used car for a physical inspection. The inspection concludes with the car seller getting the final price. The final offer reflects the actual market value of the used car. Car sellers are provided with a comprehensive car valuation free of charge. The company provides a guaranteed purchase with a non-obligatory offer to car sellers.
In case the seller accepts the offer, they must sign a sales agreement. Once the company deregisters the vehicle, the payment is made through an electronic bank transfer. The post-sale paperwork and other aspects of the car selling process are managed by the company. Car sellers have an opportunity to sell the used vehicle safely and at the best price with minimum hassle.
Bottom Line
Car sellers who understand the particulars of the car selling process can ensure that they sell the vehicle at the best price and avoid loss at all costs. The tips mentioned above can help them have a pleasant and hassle-free car selling experience.
