QOTD #57: How do I sell my car?

Chances are you may be thinking about selling your car or trading it in. But how can you sell your car for the most amount of money? Whether you sell it to a private party or trade the car in at a car dealership, you should consider a few tips before putting the car up for sale.

Clean your car.

Most buyers are looking for a car that looks good to them. Keep in mind that the first impression may be what eventually sells the car to them. So, be sure to clean the car before presenting it. A good wash and vacuum will go a long way in showing the next owner that you took care of your car.

Take good pictures.

Speaking of first impressions, your pictures can make or break the sale. Take nice corner shots that make the car look good. Hold the camera level with the windshield for the best angle. Be sure to make the car look good but also show any major problems so that the next owner is not surprised.

Research your car’s value.

Determining your car’s value can be done a number of ways. You can look up its value at KBB.com. Be sure to input the actual options, trim level, and condition. But remember that their values are not guaranteed. Look also at what similar cars are selling for on your local Craigslist site. Knowing what you are up against will help you to price your car appropriately.

Be realistic.

If you sell your car yourself, realize that it will take time. Holding out for a big profit may prolong your ownership of the car. Price it below the competition for a quicker sale. If you decide to trade it in, however, realize that trade-in price is not the same as private party value. A used car lot pays less because they may need to make repairs, detail the car, and are in business to make a profit themselves.

Selling your car doesn’t need to be a hassle. If you take the time to prepare yourself and your vehicle, you will do much better than most sellers. A little hard work will keep you from a big headache. So get to work!

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