Should You Trade Your Car or Sell it Privately?
In case you haven’t yet, ask yourself what source would be the best option to receive the right value for your vehicle. Could it be a private buyer or a trade-in? Your answer would most likely be directly to the private buyer. Even though you can expect to get paid quite a lot from a buyer, there’s a lot that needs to be planned, strategized and executed before starting the process.
Here’s what you’d need to do in order to receive the right price from your potential buyer:
First things first, begin with service and maintenance of the vehicle. Your buyer is not going to be pleased with a rusted or worn out vehicle. Even while it may cost you a few extra bucks, you should make an effort to work on any repairs, even if it means coating the car with new paint to earn those extra points.
Put Everything Together
It is crucial that you put together all required paperwork, car title, service documents, repair records, remote, car keys and even a thorough vehicle report stating all of its history. Your aim is to bring together everything on a platter for the buyer, making it more inviting.
Even though you could be a people person verbally, you will need to get the advertisement for the vehicle right. Start with a catchy title and detailed information to convince the buyer this vehicle is right for them throughout your advertisement. If you feel like you’re not going to be able to do this on your own, get some help writing about it. Also, do not forget to drop in your contact details as they will need an email or number to get in touch with you.
It is also a great idea to attach an image of the vehicle. Consider taking a couple of images from several angles. This should give the buyer an opportunity to decide if it is what he or she is looking for. You could also score brownie points through high quality images.
You will also need to strategize where you need to post your advertisement. While the web works great, you could also try print. If you do consider print, you will also need to figure out how many pamphlets you’ll need and where to post them.
If you’ve provided your contact details, be prepared to receive a number of calls. You will also want to stay prepared with answers to common questions you think you could expect from a regular buyer.
Your buyer will want to try out the vehicle and take it on a test-drive. Make sure to be accommodating and schedule the dates and timings correctly.
At the end of it, make sure to figure out how to have the money transferred safely to your account from the buyer. You may want to get a background check done on the buyer beforehand.