Selling a car and getting the best price can be tricky, so understanding what the process involves is important. If you are looking to sell your car, then take the time to plan it properly. While you might be keen for cash, rushing in is not likely to garner you the best price – a little time and effort is likely to get you a much better deal. Here are our 10 steps to successfully sell a car.
Research – Knowing the value of your car is vital. You’ll obviously need to look at other vehicles of the same make and model, age and with similar mileage to yours. Consider also when the registration is due.
Price – Set a realistic price based on other car sales Sydney-wide and be sure to factor in five to 10% for negotiation. Remember that your car is probably worth more if it has special features, or lower mileage.
Place – There are various ways to sell a car, such as trade-in, consignment, auction and private sale. The former options may be quicker and easier while the latter may get you a better price. Look at on-line car sale sites, and consider the readership.
Repair – If you’re looking to sell your car, you need to prepare. Ideally, repair anything that needs to be fixed, however weigh up any major repairs against the likelihood of getting that money back in the sale
Clean – If you’re selling, car cleanliness shouldn’t be underestimated. Clean thoroughly inside and out, under the bonnet, and in the boot.
Write – Write a clear and concise ad that lists all the pertinent details.
Photograph – Car sales, Sydney–wide rely on quality photographs that best show off your vehicle. Poor quality shots are likely to deter buyers.
Prepare – Be ready for interested buyers with questions. Ensure relevant information is close to hand. Important details include:
- – Current mileage
- – Number of owners
- – A record of any accidents
- – Dents or scratches
- – If it’s been kept outside or in a garage
- – If the price is negotiable
- – Extras information – CD, cruise control, power windows et cetera
- – Interior colour and condition
- – Remaining registration
- – Why you are selling the car
Paperwork – Once the funds have been deposited or the cheque cleared, fill out the ‘notice of disposal’ on the back of the registration form. If you don’t have a copy, you can obtain one from the RTA (or your state roads authority).
Handover – Once the paper work has been provided to the RTA or your state roads authority, the final stage is to hand over the keys together with a copy of the disposal form.
So, here’s a quick guide to everything you need to know about selling your car.
But, if it still seems all too complicated and time consuming (and let’s face it, selling something like a car often is) you might want to consider using a car broker. The right broker can do all of the hard work for you, including:
Give you a trade in – and a guaranteed price
- – Find sellers on your behalf
- – Market your car to their database of potential buyers
- – Cover all marketing and advertising costs
- – Deal with all follow-up calls
- – Securely store the car
- – Provide full insurance after trade-in
- – Help you sell for a higher than trade-in price, and split the profit with you
While it is perfectly possible to sell your car yourself, using a car broker and their expert knowledge of vehicles and the local marketplace can help get you the best deal, and take the hassle out of the process at the same time.
Leave any comment here for Tim Marsh!