If you are trying to sell your car but failing to get a reasonable deal for your vehicle, you need to reconsider your strategy. Most of the time, you lose a great offer just because of some minor mistakes.
Here is the complete guide to selling any car easily:
1. Perform a VIN Check
Most sellers lose a lot of money because they forget to perform a VIN check on their vehicle before contacting buyers.
A vehicle identification number (VIN) is a unique identifier assigned to each vehicle by the manufacturer. Performing this check helps you access all the records of your vehicle, helping you understand the real worth of your vehicle.
Once you perform a lookup from a VIN check tool, you will get all the information about your vehicle. Use this information to know if there’s something in your vehicle’s record that can impact the value of your car.
If you find something, inform the buyer about that issue before making the deal and provide a proper reason to assure them.
We will cover how to perform a high quality VIN check later in the guide.
2. Prepare the Documents
One of the best ways to avoid the bargaining phase is to keep all the documents ready. If your documents are complete, and there are no issues, the buyer will have one less reason to ask for a bargain. Therefore, we recommend collecting all the important documents of your car before making the deal.
Important documents include Registration Certificates, loan papers, insurance documents, bill of sale, and any other document that you have.
Another hack is to include other documents like the user manual as it feels like the owner is caring towards the car and keep all the possessions in a good condition.
3. Get a Car Wash
A car, in a good condition, will attract the best quotes. Thus, it is important to get a car wash before contacting the buyers. Also, you can visit a mechanic and get some basic things done like a car service. Another great way is to get rid of some basic dents that can be removed spending much.
Overall, focus on improving the condition of your vehicle without investing much in it.
If you are selling a premium vehicle, getting a service becomes more crucial. The psychological reason is no one wants to spend hundreds of thousands of dollars on a car that has some break issues. Thus, get a service and ensures you avoid similar situations.
4. Choose Your Final Price
Set a price for your vehicle and try to target the same while getting quotes. The best way is to check the price for the same model from some car dealers. You can also use online websites to get a quote for your vehicle.
You do not need to sell there as they will charge you a commission to help you find the buyer.
There is an interesting theory that suggests you find the most reasonable cost of a product and stick to it. Doing this will help you get the right person to buy your product, in this case, your car. Also, add the transfer costs in the final price to avoid paying for any other process.
So, you can try this strategy and find the most reasonable for your car and advertise for the same value.
5. Look For the Buyers
In this step, you need to create a strategy to land some buyers for your vehicle. You can use online websites, car dealers, acquaintances, and connections to sell your car. Or try a combination of all of these and get as many leads as you can.
Remember that going with the highest bidder is not always the best option. You need to consider other details like how they are planning to cooperate in the paperwork.
6. Select 3 Buyers
Now you can shortlist the buyers and select the best 3 quotes. Contact all of them and choose the one that suits your requirements. We recommend discussing all the terms before closing the deal. Also, make sure to clear the paperwork.
The strategy to hire three buyers always works as you get enough options to sell your vehicle, and it eliminates the confusion by reducing the size to three people.
7. Close the Deal
It’s time to sell your vehicle to the best buyer. You can hire a freelance lawyer to help you with the paperwork or do some solid research to understand the complete process. Another way is to find some suitable templates and get the ownership transfer done from the concerned department.
How to Perform a VIN Check Online?
You can easily perform a VIN check on your vehicle using online VIN decoders. For example, you can use this VIN Decoder to access the records of a Chevy. On the other hand, this Mercedes VIN decoder is specific to the vehicles manufactured by this manufacturer.
These VIN decoders ask you to enter the VIN of the vehicle you want to know about. You can find the VIN on the Registration Certificate of your vehicle and enter it here.
After that, it will share a report with all the records of your vehicle.
You can get some better quotes for a car by making some small changes to your strategy. The above 7-step guide covers all the aspects of selling a car that will help you get better quotes by at least 10%. So, try these tips and sell your car in the blink of an eye.
If you are an active car trader, you can add some more steps and focus on the part where you choose the right buyer. This section will help you understand who can afford that car at your preferred price,