When it comes to selling your car, the dmv.org website has some excellent information on mistakes that you need to try and avoid. Many people will waste both time and effort in doing unnecessary things before selling their car, so avoiding mistakes will be able to save you time and money. Here are some critical mistakes to avoid when you are selling your car to a car dealer or a car buying company.
Know The Value Of Your Car
The first thing that you need to do is find out just how much your car is worth. The book value will give you a guide price of the vehicle’s worth, but some factors need to be taken into consideration.
- How well the vehicle runs
- The condition of the bodywork
- The history of the vehicle
- Any major defects
These factors plus others can have a significant effect on the value of your car, and you will need to factor these in when you are trying to determine the value of your vehicle.
Cleaning Your Vehicle
If you are selling your car privately, then you will want to make sure that it is beautiful and clean when people come around to view it with the intent of purchasing your vehicle. However, when you want to sell your car to a dealer or car buying company, whether there is some dirt on the inside or out will have no bearing on the price that they offer you. There is no need to spend money on an expensive car service if it is not going to make it easier to sell.
Forgetting The Paperwork
If you have missing paperwork, then this can cause you problems and ultimately affect the value of your car. Any potential buyer, including dealers and car buying companies, will offer you more money for a car that has a full-service history, as opposed to one without a full documented history. Make sure that you have all of your paperwork in order before trying to sell your car and you will help to maximize the value of your vehicle.
Cash Is King
Unfortunately, it is necessary for people to be vigilant when it comes to buying and selling cars. As such, you should make sure that whoever you end up selling your car to that it is a cash sale. You should not accept a cheque and instead insist on either a cash sale or a deposit placed directly in your account. Again, make sure that the funds deposited are cash, and not a cheque, as if this bounces and they already have your car you could end up massively out of pocket.