Contrary to perception, selling an old car privately doesn’t have to be that complicated. With a little planning and organisation, you can easily simplify the process and churn out the most profit possible. If you one of the many people thinking about “how to sell my car”, this step-by-step guide will definitely help you.
Step 1: Determine the worth of the vehicle
More often than not, the decision to sell a car privately comes down to the profit amount you are going to gain from the transaction. But before you can ascertain whether or not the process will be worth the effort, you’ll need to find out exactly how much your car is worth.
Step 2: Gather the paperwork
If you wait until the last moment to perform this step, you will find yourself scrambling to find the necessary documents. A far better approach is to gather everything that is needed to complete the transaction once you have decided that you want to sell your car privately. Obviously, each state has its set of requirements when it comes to paperwork. But as a general guide, be prepared to have:-
- You’ll need to sign the title and transfer it to the new owner.
- If you manage to keep all the records of scheduled maintenance, the reliability and value of the car will increase.
- If you don’t have such documents, you can always get them at the dealership where you serviced your vehicle.
Release of liability
- This will keep you from being liable for any sort of damages that might incur once the car has been sold. If you don’t have it, there could be a lot of dispute over events or accidents that might occur before the vehicle has been registered under the new owner.
- If the car is still under the manufacturer’s warranty, you will need to provide documents proving that to the new owner.
Step 3: Get the car ready
Needless to say, a clean vehicle will undoubtedly be more attractive to prospective buyers and will give out the impression that the vehicle has been properly cared for. Before you click the pictures of the car and post it online, you will need to detail both the interior and exterior of the car. For this, make sure to:-
- Wash and then wax the exterior of the car
- Clean the tires and rims
- Wash or replace the old floor mats
- Vacuum the seats, floor and trunk
- Wash the windows both on the inside and outside
It’s a fact that you won’t get a good price for your old car at any dealership; they will look for every little reason to lower the price. What you should do is contact an independent car buying company. It will undoubtedly increase your chances to get a fair price for your vehicle.