Are you looking to sell your car?
Cars are an important part of our lives, and i’s likely that you’ll need to change cars several times in your life. But if you’ve never sold one before, you might not know where to start.
Don’t worry, we’re here to help! Read on for this guide on how to sell a car privately to get you started.
Get Your Paperwork In Order
Before you list your car, you’ll need to get all the following paperwork ready and in hand:
- Car title/pink slip (but don’t sign it yet)
- Confirmation from the lender you paid off the car
- DMV required transfer of ownership documents
- Vehicle history report
It’s important to show your potential buyers everything is legal and above board.
Set the Price
You need to make your car more attractive than the other cars near you on the market. So, get an estimate for the value of your car. You can do this by using sites like Kelley Blue Book.
You want to price a little over the current market value, but still in the range of a good deal. This way, you still have room to negotiate. A good rule is to round up to the nearest $1,000 and go from there.
Focus on Curb Appeal
Curb appeal isn’t only a tactic for selling houses, it’s a good way to sell your car too. You want a potential buyer to show up and say “wow, it looks amazing!”
You don’t have to knock out every small dent or touch up every scratch. Washing and vacuuming your car will go a long way. And make sure the interior is free of junk and any personal belongings.
Design Your Ad to Sell
You want to start by getting good, high-quality photos. Get different angles, inside as well as out.
Next, choose a place to advertise:
- Craigslist (free but be careful of scammers)
- Autotrader ($25 for a basic ad but targets serious buyers)
- eBay (can auction your car and ads are inexpensive
- Specialist sites (for rare cars that target collectors and clubs)
Most ads ask for the basics like the year, mileage, model, make, and price. Don’t repeat yourself in the body of the ad.
Be Careful with Buyer Enquiries
If you have a popular car and listed a low/very competitive price, expect a lot of calls. But let them go to voicemail.
Call back the ones you think are serious buyers, and as you talk with them screen how they sound. Anything that doesn’t feel right, it’s better to walk away.
If it feels ok, then set up a test drive. Pick a safe, neutral place to meet them. And take someone with you. Let them test drive the car, but go with them.
Make the Sale
If all goes well, the buyer should start negotiations. Let them make the first offer. If they ask what your best price is, say your price is fair but tell them they can make an offer.
Then, you’ll need to sign and date the title and provide a bill of sale once you’re paid. And don’t forget to sign the release of liability. If you need help transferring the title, then visit this page.
How to Sell a Car Privately Made Easy
So, there you have it! Now you know these steps on how to sell a car privately, you’re well on the way.
Get everything you need in order first, and then set a competitive price to draw people in. Make sure you screen inquiries to avoid flippers or scammers.
If you found this article helpful, check out our other posts today!