ways to get more money for your car
Every market has sellers and buyers. As the global economy changes with time, the market may sometimes favor the seller and sometimes the buyer. A good example of this phenomenon can be seen in the real estate market where an oversupply of homes causes prices to go down thus favoring buyers and vice versa. But this phenomenon does not occur in every market. Currently, if you’re are looking to sell your used car, the market has very little influence on the value of your car. The value of your used car is greatly determined by you the owner and the various decisions you make to improve the value of your car.
Recent news reports have revealed that the value of used cars (2 to 5 years old) has risen by up to 20 percent in one year. Mind you, the global supply of cars has risen tremendously within the same period. An average, compact and fuel-efficient used car that would have fetched $9,000 in 2012 is now fetching as much as $12,000 in the open market. The exact price of your used car may vary however depending on a number of factors. Here are some of the things you can do to get top dollar 4 your car.
It if you are really determined to get a good bid for your used car, it is important that you first clean it thoroughly. Cleaning your car before putting it on sale may seem a little bit obvious but the cleaning involved here should not be your typical trip to the car wash or gas station. You should spend a good amount of time, effort and money if need be to have your car cleaned professionally. Professional cleaning and detailing allows your car to look as clean and fresh as it did when it was brand new.
Make It Impersonal
It is quite common for car owners to personalize their vehicles using various knicks and knacks like bumper stickers, chains on the rearview mirror, dashboard decorations and many others. However, when it comes to selling your car it is important that you get rid of all these personal items. In order to get top dollar 4 your car, you will need to make the car suitable for a wide range of prospective buyers.
Fix The Body
It goes without saying that your car should be as immaculate as possible when selling. Small issues like dents and scratches on the body can significantly affect the value of your car. The difference between ‘good’ and ‘excellent’ is determined by such small issues. Do not worry too much about the cost of fixing the body as you will probably get back the money once you sell the car.
Do The Necessary Service and Maintenance
Another thing that goes without saying is that you need to do all relevant servicing and maintenance on your car before putting it up for sale. Make sure that your car’s maintenance report is up to date. Keep a detailed record of all the dates when your car has been taken for servicing so that a prospective buyer can see that you have been taking good care of your car.
Disclose Crucial Information
In order to get top dollar 4 your car, it is important to keep all your car maintenance and repair receipts. You should keep these receipts in good condition so that you can show them to prospective buyers who may be skeptical when considering to buy your car. The receipts establish some trusts between you and the buyer as they acknowledge your willingness to disclose your car’s faults and shortfalls. You should remember that there are plenty of used cars out there today. It is up to you to make your car to stand out from the rest.
Some websites and online dealers may overestimate the value of your car. You should always take any estimates you get from the internet with a pinch of salt. The true value of your car can only be determined after a physical inspection of its features and condition. Always be open to negotiating with a buyer who has shown an intention to buy your car. The best thing is to have a realistic mindset but also have a bottom line that you cannot cross.