How to sell my car
If youíve decided itís time to sell your car, you obviously want to recoup as much money as possible. As with any other material object, selling is based on supply and demand. There are hundreds upon hundreds of used cars available from both dealers and individuals every day. To sell your car, you have to price it and present it fairly and competitively.
The best source to determine a fair price is the Kelley Blue Book. This resource allows individuals to determine the market value for their vehicle based on year, make, model, condition, and options. The service is available online or you can call any bank and ask them to help you determine your carís value.
Once you have established a selling price range, check your local paper for similar makes and models and compare the ads there. If the same make and model is widely available for sale, you are going to have to price yours accordingly. However, if your vehicle make and model is absent from many sources, then the demand for that vehicle may be higher than the supply. You may be able to price yours a few hundred dollars higher than blue book.
Presentation of a car is as equally important as price. Be sure to thoroughly clean your car, paying attention to details such as crevices, upholstery, floorboards, and odor. If your vehicle is in need of repairs that you are not willing or able to make, be up front with potential buyers, and do not attempt to pass off it as being in excellent condition if it isnít. It may seem like a good idea to adhere to a ďdonít ask, donít tellĒ philosophy, but keep in mind that buyers are more savvy today and this could come back to haunt you.
For safety and legal reasons, when you are selling your car as an individual, keep the following in mind. You should be sure you have a title clear and free of any liens. You should never allow a stranger into your home. You should never accompany a stranger on a test drive, but rather ask that they leave their driverís license or other proof of identification with you before handing them the keys. Lastly, be prepared to meet the buyer at a bank or license bureau of their choice.
In the end, it may seem more complicated to sell you car than to take it to a dealer to purchase, but nine times out of ten, you will profit more from selling a vehicle outright. In circumstances where you are thinking of selling a car with little or no value, it may be best to donate the car to charity and use the donation as a tax deduction.