6 Tips to Get the Best Selling Price for Your Car

The season has come. It is now the time for you to sell your car and you want to get the highest selling price as possible for it. So, how do you go about it?

Unless you’re a master salesperson, figuring out the right steps can be challenging.

Common mistakes that people make when selling their car is not knowing its true value and taking the first offer that you get. Avoiding these mistakes is a great first start, but to tide you through the process, you must know the best way to sell your car.

Luckily for you, below are the simplest but efficient ways that you can get the best selling price for your car. Sales experience unnecessary.

1. Clean Your Car

Believe it or not, plenty of car sellers neglect to do the simple task of cleaning up their car before they show it to a potential buyer. The first impression that your potential buyer has of your car can be vital to whether or not they would buy it.

In that case, it is a necessary step that you clean your car first before you put it up for sale. You can either do it yourself if your car isn’t too dingy or you can get a professional to do some detailing for you. The latter is ideal if your car needs that extra something to make it stand out.

Whatever way you choose, as long as you’re getting your car to its cleanest state, you should be okay.

2. Get Your Car Fixed

Sometimes, car sellers tend to inflate the status of their car or they fail to mention all of its needed repairs to a buyer. Both of these can detract from the car and does not help you when closing in on a deal.

If you’re really concerned about the status of your car, then the best course of action is to let car mechanics fix it. That way, you don’t have to lie about the car’s status and you can get a higher price for it.

However, don’t be too hasty when making improvements in your car. Only get repairs for major issues of the car. As long as the "issue" with your car does not affect the safety of the driver and passengers nor its performance, then you should be fine.

3. Check the Pricing Guides

According to https://www.carbuyers.co.nz/, as a car buyer, it is vital to find out the true value of your car to be able to get the best selling price for it. Knowledge is important to leverage when it comes to making a sale, so do your research before entertaining any potential buyers.

Compare pricing guides for your car model from trusted sources first. Then, add the repairs and other issues that you think can impact the price of your car in the equation. Once you’ve got that down, you can have a modest assessment of your car’s selling price.

There are services out there that offer free car valuation too if you don’t want to go through the research process yourself.

4. Know Your Competition

Speaking of checking the pricing guides, another benchmark to compare your car’s selling price to is the competition. Check out cars that are similar to yours in either local or online classified ads and see their asking price.

This is a simple "hack" to finding out the right estimation of your car’s selling price. Take into account the fact that asking prices tend to be an inflation of the actual selling price.

The key is to not have an asking price that is higher than the average competition so the people who can actually afford your car won’t overlook yours. However, don’t ask for too low that will dissatisfy you.

5. Make the Pitch

If you want to wring out the best possible selling price for your car, you better work for it. When a potential buyer comes, don’t just show them the car and passively answer their questions. Take the initiative by showing them around the car’s strong suit.

Don’t be afraid to flaunt it a little, but not so much so that you appear to be hard selling it. In case a potential buyer asks about the not-so-great parts of the car, it is still best, to be honest.

6. Negotiate With Buyers

Again, to get the best price for your car you have to work for it. With that said, don’t be afraid of scaring off buyers and negotiate your way towards a better selling price. To persuade a buyer with your selling price, tell them honestly how you arrived at this particular price point.

Buyers will like the honesty and may concede. On that cue, you can offer it at a lower price point but don’t go too low. You should have a set price for the lowest selling price you’re willing to take and don’t take anything less.

Selling your car can be a big load off your chest but it can take a bit of hard work on your part. With these six tips, you will be able to find the highest selling price your car can get without any gimmicks. Good luck and happy selling!

Kate helps businesses build effective processes for vetting ideal clients and building a business that doesn’t take every hour of every day.