Sunday 19 January 2014

How To Make Selling Your Old Car Profitable?


Most people do not expect to sell off their old car for a profit. This arises because we think we won’t be able to fetch a good deal on the car. Surprisingly, there are a large number of buyers who would be willing to pay a fair sum for a used car in good condition. Therefore, there is no reason to think that selling off our cars will be a loss making deal. By following the next few tips, you can get a handsome amount on selling your used car.
  • Make sure your used car is in proper working condition. If there are minor repairs required, then do get them done. However, there is no reason to get major repairing works done as you may not be able to realize the money that you have spent on it. 
  • A car that has a few faulty parts will fetch better money when compared to a car in relatively good condition but shoddy appearance. Very few people have in-depth knowledge regarding the working of cars. However, they can judge what is attractive and what is not. Hence it would be a good idea to keep up the appearance of your car. 
    1. Get the car waxed and the broken head or tail lights replaced before showing your car to potential buyers.
    2. Empty the boot and the glove compartment of the car.
    3. If you think the carpets are dirty, then you should get them washed.
    4. Spray adequate quantity of car and room fragrances in order to keep musty smells at bay.
    5. If the paint has been grazed in places, get some touch ups done. These jobs are not very expensive and hence you can easily afford them for your car. 
Buy Used Cars
Buy Used Cars
  • Keep the tax and insurance papers in order. Many secondhand car buyers check the tax papers before buying in order to calculate the amount that they would pay once they buy the car. If you had the car battery changed, then keep those papers handy too. Moreover, if you had air conditioning installed in your car separately (in case of Maruti 800s), you should have the bill for that in place too. 
  • Once your car is prepare to be sold in the market, place an advertisement in the vehicles’ classifieds in newspapers. You can also place an advertisement in online classifieds. State the make of the car, the year of manufacturing, number of kilometres that it has ran and the years for which the taxes have been paid. You can provide your cell phone number or e-mail address as a means to contact you. Uploading a picture of your car will help you get the car sold faster as buyers can see and judge the car and then call you. Listing your car on an online classifieds will also minimize the involvement of brokers, who will charge you brokerage fees for getting your car sold. 
  • Once the car has been sold, you can get the ownership and other papers transferred in the name of the new buyer through the help of an agent. It is advisable to hire an agent because the process would be faster.

No comments:

Post a Comment