10 steps to getting a good deal and avoiding trouble
1. Know the Market:
Is your car going to be easy to sell? Is it a hot commodity? Or will you have to drop your price and search out additional avenues to sell it? Family cars; Harrier, Ipsum, Noah, Subaru, Premio, are in constant demand. They will sell faster than a Rav4, Prado, Honda, or Benz.
A good way to know if your vehicle is a hot item is to check the newspaper classified ads. Take note of the cars that dealers are pushing. Usually they are the hot models. Is yours similar or comparable? Look at the asking price and registration number series.
2: Determine price
Most cars have a price range that you can easily figure out from the newspaper classified ads, online used-car dealers, and bonds. Use your intuition to price your car competitively. Car buyers like to haggle, so price slightly higher than your actual price. Place it at Shs13.5 million if you want Shs12 million. Remember, pricing is psychology. Read your buyer.
3: Make vehicle attractive
Make sure your car is washed and detailed before you put it up for sale so that it will appeal to customers. When people look at your car, they will probably make up their minds to buy it or not within the first few seconds. This is based on their first look at the car. Make sure the car looks clean and attractive. Wash and vacuum the car, ensure it’s in the best possible mechanical condition, fix dents and other low cost repairs if possible. However, cars are best sold in “as is” condition. Additional repairs usual do not increase resale value.
4. Advertise your car
The best and most cost-effective way is to put a “For Sale” sign in a conspicuous place on your car, preferably the window with telephone contact and/or email. As you drive around potential buyers will see it. Alternatively, just spread the word around among car dealers you know by driving it to their points and leaving a contact. However, use car brokers as a last resort. You can run a classified ad but this may not be cost effective.
5: Tips about adverts
Classified ads are paid for per word, so chose your wording carefully. I have seen “Lady Driven”, “Expatriate Leaving”. Do you want to include price? Is it negotiable, OBO, or Fixed? Should your pitch have urgency or be more relaxed.
6: Showing your car
Customers are different so be prepared to be flexible and patient. It’s advisable not to bring potential buyers to your house. An office car park or other public but safe place is better. Read you customers and go with the flow without wasting time on unserious engagements. Remember that the potential buyers will also be evaluating you. Make sure you put them at ease. They need to trust you if they are going to spend their big money on your car. Some might ask for a test drive. It’s inevitable. Do you have the right insurance? Do they have a drivers permit? Is your car safe? They might want to take the car to a mechanic. This too is inevitable. However, be on the lookout; they could be thieves.
7: Getting the best price
If a person comes to look at the car and it passes their approval after a test drive, you can expect them to make an offer. Most people like to haggle. If they say price seems too high, ask them what they would be willing to pay? Don’t seem too eager to reduce price. Even when they give their “final offer”, they could be bluffing. If you are not in a hurry and are sure your price is competitive, leave them – they will come back.
8: Handling Complications
In some cases, you might reach an agreement with a buyer that is contingent on performing repair work on the car. This can lead to misunderstandings down the line, so avoid this if you can. Remember, the old car you are selling, shouldn’t be expected to be perfect.
9: Finalising the sale
You must familiarize yourself with the paperwork. When to sign the transfer of ownership? When to hand over the car log book? What if it is a partial payment? Can you sell a car if you have not completed paying for it? Do you transfer or cancel your insurance on the car? These can cause problems if not handled well.
10: After the sale
In most states, the condition of a used car for sale is considered “as is” and no warranty is provided or implied. Therefore, if the car breaks down after you have sold it, you are under no obligation to refund the buyer’s money or pay to have it repaired.
This article is adopted from the Internet
Subscribe to this comment's feed
written by insurancebread.com, December 20, 2011
-
- +0
-
-
written by Paul Germana, December 21, 2011
-
- +1
-
-
written by discount ugg boots, December 27, 2011
-
- +0
-
-
written by http://carauctionssydney.org, January 20, 2012
-
- +0
-
-
written by cheap nfl jerseys, February 10, 2012
-
- +0
-
-
written by Michael Kors Outlet, February 17, 2012
Basically, most brands are offering the same product lines; they only compete with regards to quality and design.
-
- +0
-
-
written by Michael Kors Outlet, February 17, 2012
-
- +0
-
-
written by jordan 5, February 20, 2012
-
- +0
-
-
written by jordan 5, February 24, 2012
jordan 5 retroStuck with your genetics and forced to settle with what you were born with. Guess what? They were dead wrong (and I'm living proof."
-
- +0
-
-
written by abercrombie and fitch outlet, March 26, 2012
-
- +0
-
-
written by Tiffany and co, March 31, 2012
known as the world's largest, the most exquisite and unique one of the yellow diamond. Jean Schlumberger's mission is to create a worthy match the base and precious stones.
-
- +0
-
-
written by vintage shoulder messenger bag for women, April 14, 2012
-
- +0
-
-
Insurancebread.com simplies the comparison step and shows every insurance company's rate in your area.
Anywhere in United States of America.
Accessible through Smartphones, too.
Http://www.insurancebread.com