We are living in the 21st Century and the way of selling cars has completely changed. Now, when you decide to sell your car, you need to consider so many factors that will make your car selling decision worthwhile. These factors influence some necessary thoughts in your mind like where you should sell your car, or even figuring out what’s the actual value of the car. Before selling your car, you need to take a toll on some common mistakes that usually people make. These mistakes can have potential impacts on your car’s price or its overall value at the end. If you will seriously work on these mistakes before selling your car, then, undoubtedly you will have a great car selling experience.
#MISTAKE-1: NOT UNDERSTANDING THE ACTUAL VALUE OF YOUR CAR
At the point when you plan to sell your old vehicle, you ought to have a rough estimate of your vehicle’s actual value. This is essential as you would not want to lose cash for cars estimated value. You ought to get the best cost for your vehicle as according to its worth. First of all, you could go over the renowned car dealers and get a fair idea of the vehicle’s current market price. If this step doesn’t work out effectively, you could likewise visit online websites for selling cars that gives you a rough idea of the present market estimation of your car.
#MISTAKE-2: FORGETTING THE BASIC CLEANING
Another big subjective factor is the basic cleanliness of your car that you are going to sell. A clean car with equally clean interiors can have a great impact on the buyer and this factor can compel him/her to pay more than expected for your car. However, deep cleaning of a car is a tedious task, but if want to trade it off privately, then you should make sure your car is thoroughly clean. Make sure the car you are about to sell is in good condition, because a dirty car can have a negative impact on prospective buyers and it will warn them to re-think again to buy this dirty and unreliable vehicle.
#MISTAKE-3: NOT KNOWING YOUR CAR’S SPECIFICATIONS
If you are planning to sell your car, the first thing you should need well is the features and specifications of your car. You should know what transmission your car uses and what’s its capacity or engine power. This understanding will let you thoroughly explain to your potential buyers when they ask about some modifications before buying your car. You surely don’t want to make such common mistakes like not knowing about your car’s specifications that can have a lower impact on its value.
#MISTAKE-4: SKIPPING YOUR CAR’S MECHANICAL UPGRADE
Before selling your car, you should take a note on its mechanical upgrade. As a car is just like a house, it also need some renovation remedies before selling and adding some designer accessories or a makeover with new mechanical parts will enhance its worth. Accessories like leather seats, sunroofs have no real conduct on car’s resale value. One most important thing is to make sure that you disclose all the problems of your car while placing an advertisement online. This would give buyers a clear understanding of all the issues in the vehicle and prevent you from any big misevaluation of the car.
#MISTAKE-5: FAIL TO MAINTAIN SERVICE RECORDS
Keeping up with car’s regular maintenance is essential as it protects the worth of your vehicle. But you should also maintain the service records, because it will be helpful for you to show the prospective buyers the regular service proofs of car. So, try to maintain your car service record additionally to reassure buyer about the car’s actual condition with previous repairs. Keep your service records safe and ensure that they are up-to-date and well organized.
#MISTAKE-6: NOT PLANNING YOUR CAR’S INSURANCE OR ROAD TAX REFUND
It is essential to wisely plan your insurance cancelation and road tax. You must cancel your insurance policy and refund your road tax before you transferring the ownership to the buyer. Once you notify your present car insurer that you are going to sell your car soon, after then gets a confirmation letter from the insurer or insurance company that should have a statement confirming the amount of NCD (Non-Claim Discount) that you still have. Having this letter will be crucial for you to go for the next purchase of a car. When you will purchase insurance for your new car, you will have to submit this confirmation document together.
# MISTAKE-7: PITCHING THE CAR’S PRICE TOO LOW OR TOO HIGH
If you are about to sell your car in a local market, it can round up a higher aggregate price as compared to selling it to the third party trader or car dealer. It is very important for you to know about the perfect value of your car. Because, there’s no one who would not want to get the higher price while selling his/her car. So, it is however essential for us to keep our car’s price expectations genuine, means not too high or too low. Too high price for your car can deter your prospective buyers and setting too low price can cause a big loss of cash for cars selling. So, before selling your car, do a research in the market about the current price from the car dealers or you can also check online car website to know about the car’s genuine resale value.
# MISTAKE-8: NOT BEING AWARE OF FRAUDS
Nobody knows about the real background of the online potential buyers that get in touch with you directly. So, you need to remember some important pointers while dealing with those shrewd buyers to prevent scams or frauds. Make sure you meet the potential buyer at a public place for test drives. It is advisable for you to ask the buyer about the driving license. Never leave your car alone with buyer during test drives. Do it only after receiving the full payment of the car. And to safeguard yourself, don’t go alone to meet the buyer, bring some concerned person with you for safety.
We hope that by learning these Top mistakes that People usually make when selling a car, you will be successful when you sell your car!