Car owners sooner or later face the need to sell their car and buy a new one. Regardless of the reasons for the sale, no one wants to lose the money they have invested, so selling the current car at the highest possible price is a prerequisite.
There are many mistakes when selling a car that can cost you money. Some mistakes are common when selling a car on the private market, while others are common when selling to a dealer. You may spend too much resources on the selling process itself or invest too much in preparing for the sale. Also, not knowing the cost of the car and how to negotiate correctly may not lead to the results you expected. We will discuss the main six stupid mistakes people make when selling and transporting cars and explain how to avoid them.
1)Not knowing the value of your car
To correctly assess your car, you need to know its market value today. Many automotive sites offer tools to help you evaluate your car. The more specific information you provide to the valuation tool, the more accurate the quote will be.
2) Costly refurbishment before the sale
You might expect to get more money for your car if you do the repairs. Of course, this may turn out to be true, but it is unlikely that you will get back what you put into it. Expensive maintenance usually does not add to the value of a vehicle as much as sellers expect.
3) Lack of a pricing strategy
Setting the selling price for your vehicle is not the only step when it comes to pricing. You will have to decide how quickly you need to sell the car and how much you are willing to reduce the price when bargaining. It is one of the most common financial mistakes to avoid when selling a car.
4) Acceptance of the first offer
It is on the top of the common mistakes when selling car paperwork. Negotiation is an integral part of car sales. Even if you are being offered a price lower than acceptable to you, it is important to make a counteroffer. There is always a chance that the buyer expects opposition from you and is ready to meet in the middle. Or if the first offer is cheaper than you expected, it doesn’t hurt you to resist it to see what happens.
5) Skipping a car wash before selling
Presentation is important. A car that is clean outside and inside is better for you. It looks better in photographs, and the seller realizes that a well-maintained car is usually easier to sell. In addition to washing the car, remove excess personal items from the interior and vacuum it.