Getting Top Dollar for Your Used Car
When you are
selling your used car, you obviously want to
get the best price you can for your car.
There are several steps and actions you can
take that will allow you to accomplish this.
Value of Your Car!
You must find out what the market value
of your car is before any potential buyer
comes to visit. You can locate the market
value of any car for free by visiting
Book. Print out your findings so
that you can show them to the buyer. Make
sure you are not looking at the 'Trade In
value'. The Trade In value is what a dealer
would offer you for your used automobile and
is significantly less than what you can get
for selling your car privately.
Any add, online or in the newspaper, that
you place for selling your used car has to
be worded properly. This means adding 'firm'
or 'non-negotiable' to your asking price.
Never, never write 'best offer'. Writing
'best offer' means that you are anxious to
sell your car. In all likelihood, 'best
offer' will translate into less money.
with Scratches, Dings, Stains and Wear &
You are definitely going to have
potential buyers that are going to complain
about every little thing wrong cosmetically
with your car. Minor imperfections are
accounted for in the depreciation value of
your car. If you have large dents and/or
scratches, tears, etc., then you may need to
adjust your asking price lower than the
reported Kelley Blue
value. You can
take a trip to your local auto body shop and
find out how much it would cost to fix any
damage and then subtract that amount from
the market value. Be fair, otherwise you are
going to have a hard time selling your car.
Confident in Your Price! Don't Get Low
You will always get people coming to
look at your car that want to get 'something
for nothing'. You'll be asking $7,000 for
your car, and they will offer you $3000. You
did your research, you have your Kelly Blue
Book print outs, you know the value of your
car, period. If you are willing to be
flexible in your asking price, know what
your least acceptable offer, or bottom line,
As long as
you have all of your information for
selling a used
car (CARFAX, title
report, maintenance records)
and your KBB market value print-out, you can
be confident in your used car price. You did
your research and are serious about getting
the most for your car.
Afraid to Let People Walk!
If you are interested in getting your
asking price, you are going to have to let
potential buyers walk. Most likely, you will
have to 'let go' at least five people before
you find a buyer that is willing to pay your
If you have never sold a car before, or
are not good with dealing with strangers,
you should definitely practice the
buyer-seller meeting with your spouse or
friend. This will even better prepare you
for dealing with pushy people, thus allowing
you to get the best price for your used
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