Published: April 6, 2017 | Updated: December 10, 2019 | Posted by: Moneymax | Car Insurance
There are a lot of ways on selling your car. You can sell it to traders, or advertise them directly to the public through your websites and social media. Along the process, make sure that you get the right person with minimum effort and hassle on your part. Read along:
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Offering the wrong resale value of your car can either lose you money because of a lowball or overthrow potential buyers with a steep price.
To avoid this, here are some ways you can research on a selling price that can convince your potential buyer to get your car.
Establishing a car selling price not only involves the upfront fee but also take into consideration when the buyer will ask for discounts.
An ideal rate to put on top of your target re-sale price is 10% – 15%. It would be a mistake to put your target price as the published price of the car. This will make your buyer think that you are not giving him a good deal since he didn’t get a discount.
Some of the channels where you can sell your car are:
Some of these will let you have an easier time in selling your car. Especially now when even car insurance can be bought online, you can now easily make money from selling your car.
Putting a detailed description of the car you’re selling can decrease back-and-forth and make the car selling process more efficient. This will also set the expectation of the buyer instead of them thinking that the car is in better shape than it actually is.
What your car advertisement should include high-res photos that show the real condition of the car.
There is no point to show the car is more okay than it actually is. The most important parts of the car that you need to photograph are:
It will be a turn-off for a buyer to meet a car seller that is not prepared. This can also result to unpleasant outcomes so better think your meet-up through before doing it.
Here are some tips to get the best experience from your next buyer meet-up.
Get things straight on payment terms so both your expectations are set upon selling the car.
A full payment will be made for the second-hand car in order to avoid scammers from taking your car without full payment.
Do not give the car to your buyer before a check payment is not cleared since it can still bounce after you have given the car to your buyer.
Selling a car surely comes with different levels of stress, concerns, and effort, but following this guide could give you much less of the negative. Good luck!
With a goal to help Filipinos lead healthier financial lives, Moneymax regularly publishes tips and tricks on personal finance and lifestyle, among many other topics. For more finance-related news and articles, follow Moneymax on Linkedin.