5 Smart Tips For Selling Your Car
If you are in the market for a new vehicle, you may be thinking about selling one you already own. Here are few smart tips for making that sale quicker and easier.
Take the time to clean your car thoroughly inside and out. This isn’t just about shining the rims and vacuuming out the crumbs, but it’s also about taking the time to clear out all the extras too. This way potential buyers can imagine what it would be like to make it their own. Receipts, coupon books, kids toys, charms, and other filler can be a big deterrent.
And don’t miss the little things when getting your ride show ready – clearing the dust out of air vents, wiping down speaker covers, and door seals. If you’re not up to the task, you might consider paying to have it detailed.
Make small repairs
In addition to having a regular oil change, give the car a once over and consider taking care of the low cost repairs before you sell. Replacing bulbs and broken accessories may not add value, but it will show that you’ve been diligent about up keep. Small repairs left untouched may leave buyers wondering if other larger items have been left unmaintained.
Consider a low cost mechanical inspection from a reputable, local service shop. Not only will this help you determine an appropriate price based on the vehicles condition, but it also takes the guesswork out of pricing for both you and a buyer. Having a clear picture of the vehicles condition limits the back and forth negotiating and gets you to SOLD, just that much faster.
Know your market – price it right!
Do your research. Consider how many vehicles like yours are available for sale, factor in the condition of your car, and the extra bells and whistles your vehicle may have that makes it stand out in the market. Everyone wants to get a little extra from a sale, but consider the cost. If pricing it a little higher than you should means it takes a month or two longer to sell, that’s a month or two longer that you are paying to insure that vehicle – Make sure it’s worth it.
Don’t forget the details.
Have a proper bill of sale ready to go, your buyer will need to show this to the registry office to have the vehicle properly registered. You can download one provided by the Alberta government here. And of course, make sure you arrange paymentt in the form of cash, certified cheque, or bank draft. Keep a copy of that bill of sale for yourself, your bank may ask you to declare how you came into a large sum of cash; in fact they are legally obligated to ask about $10,000 or more.
Want to know more? Review these sources and resources.
If you’ve got insurance and financial services questions, I want to answer them. Send a note my way and I’ll do my best to address your questions here, for you and all of our readers.
Need a quote or want to know more about coverage specific to you? Contact one of our advisors, these guys really know their stuff. Email Info@godfreymorrow.com or give us a call locally at (403) 245-8743.
Backed by a team of insurance and financial service experts with decades of experience to draw on, Hugo our resident blogger works tirelessly to keep you informed and properly protected. #HugoKnows