What do I need to know about selling a car?
Making sure your car is advertised correctly, with a good description and proper photographs can prove tricky.
With parts shortages continuing to hamper the new-car industry, demand for used models remains high.
As a result, many drivers may be looking to capitalise by selling their own cars for the best price possible.
Even though values have dropped in recent months, they’re still hovering at high levels.
But making sure your car is advertised correctly, with a good description and proper photographs can prove tricky.
So, what do you need to know about selling your own car?
We’ve put together a list of go-to things to think about when selling your car…
You want to get the best price when selling your car, right? So making sure you’ve got a figure in mind before you start the selling process is essential.
Age, mileage and general condition are contributing factors to determining a car’s price, as well as how often it has been serviced.
There are a number of websites that will be able to generate a price for you, but these can be a little rough in terms of estimates.
One of the best ways is to check out the classifieds and see how much other vehicles similar to yours are selling for. Again, bear in mind condition and mileage.
There are a variety of options when it comes to selling your car these days, and with demand still high for used cars, the seller is definitely in the driving seat.
Many companies – such as webuyanycar.com, for example – will give you an instant valuation online, before you hand over the keys to the car in-person and then get paid via bank transfer. It’s quick and seamless and is a great choice if you’re in a hurry to sell.
Selling privately definitely has its merits too. You’ll be able to get slightly more money by advertising and selling your car this way, though it might take a little longer than going through one of the car-buying services. You could, of course, also take a look at trading in your vehicle against a new one too.
If you’re going down the private sale route, then you’ll want to get your car prepared.
A clean exterior and a spotless interior will show your car in the best light, so it’s worth putting in the hours to make sure it’s up to scratch.
Make sure the cabin is free of any rubbish or items and try to avoid stronger fragrances or air fresheners – this could put potential buyers off.
Read More
Once your car is clean and ready to go, it’s time to take some photos. Try to make sure the car is centrally located in your images, and also take a few detailed shots that showcase the best your car has to offer.
Inside, take snaps of the boot and any features the car has, such as the button for the air conditioning and heated seats.
Make sure you take photos of any scratches or wear the car has too. After all, when a buyer comes to see it, they’ll notice these issues, so it’s better to be up-front about them from the off.
Sellers have all manner of websites to list their cars on. All give you the option to upload pictures and a description of the car.
Honesty is the best policy here. Be clear about the car’s history, its servicing schedule and any issues or problems it may have.
Though it might be tempting to skim over any scratches or faults with the car, a buyer will only find these out when they come to view the vehicle.
Be open and honest and it’ll pay dividends later on. After all, travelling for miles only to find out a car isn’t quite as it was listed online can be annoying and frustrating.
Once the buyer comes to view the car, they’ll no doubt want to test drive it. It’s paramount that you accompany them on the drive.
You’ll also be able to tell them more information during this time. Make sure the buyer has the appropriate insurance in place to drive your car.
You’ve sold your car – congratulations! But now you want to take payment. Several options are open to the buyer when it comes to paying for the vehicle, with one of the most popular being an online bank transfer but do be cautious.
Don’t hand the keys over until the payment has fully landed and is secure in your account. If you are selling via an online auction site, ensure you read their advice and policies in terms of the safest ways to process transactions.
Cash can be an option for some, but you may want to do the handover near a bank so you can quickly deposit the funds into your account.
Cheques are slightly riskier as they take a few days to clear, which means you’ll not be able to instantly see whether the money has hit your account.
And remember, if you’re not comfortable or don’t feel happy with the deal – back out. It’s always better to walk away than be pressured into something you’re not sure about.
