One of the options that most people use to sell their used car is to leave it on an agency. Although the sale between individuals is usually the best way to get the best price. The following tips will help you to get the best deal and avoid setbacks to sell my car:
1. Fix it
Be sure to wash or detail your car so it is presentable. Ask your mechanic to repair any faults and obtain reports that indicate that the car is working perfectly and that it has a clean history.
2. Determine the price.
Check newspaper ads or sources such as the Kelley Blue Book (in English) to investigate the current price of similar cars according to the model, condition and mileage. Choose a price slightly higher than the market so you can negotiate comfortably with potential buyers.
3. Advertise it.
You can advertise your car in newspapers, local magazines, internet or bulletin boards in schools, offices and supermarkets. Do not forget to put a sign in the window of the car and spread the word with family and acquaintances. Write an attractive ad that includes basic information such as price, make, model, conditions and mileage.
4. Show it
Respond honestly to all the concerns of the buyer, point out any defect and highlight the specific qualities of the car (special accessories, new tires, etc.). Have documents that verify the history of the car and its vehicle registration renewal at hand. If the buyer requests to drive the vehicle to test it or take it to his own mechanic for an inspection, make sure he has a driver’s license and accompany him to clarify any additional questions. When negotiating the price, be patient, consider all offers and do not hesitate to reject them if they are too low or if you distrust the buyer.
5. Finish the sales procedures.
Request that the payment be made in cash or by certified or cashier’s check (in lieu of personal checks). Once the payment is made, it is important to sign the purchase agreement, transfer the title deed and remove the license plates of the vehicle. Once the sale is finished, do not forget to contact your insurance agent to cancel your auto insurance or transfer the coverage to another vehicle.