4 Tips to Get the Best Price for Your Used Car

If you are planning to upgrade or maybe you need emergency funds, either way, you should always strive to get the best possible price for your car. After gathering advice from some of the best used car salespeople around, here’s a summary of all that you need to know.

Don’t Commit

If you are in a hurry, chances are that the buyer will try to leverage that in their favor. Perhaps you need urgent cash or maybe you need that upgrade as soon as possible, but what you don’t need to do is tell people about it. Do not tell potential buyers that you are in a hurry and do not commit to anyone right away, even if the deal seems sweet at the time. That’s the most common mistake people make and it’s a very easy one to make for sure.

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Don’t Look in the Wrong Places

There is a different market for different cars, so do not waste your time looking for a good deal at places that do not primarily deal with the type of car that you plan to sell. At best, you will get an undervalued price, and in the worst-case scenario, they will not even have an offer for you.

For example, people often have trouble selling imported cars at a good price but that’s only because they don’t know dealers who specialize in exotic cars. If you want to sell an exotic car, you can easily do so by getting a quote from We Buy Exotics online.

Don’t Harbor Unrealistic Expectations

It’s a fact that you should never sell any car without asking around a bit first, but that does not necessarily mean you can expect an offer that’s not practical. So, how does one go about finding out what’s practical and what’s not? Just follow the simple steps as mentioned next:

  • Get multiple quotes from potential online and offline buyers
  • Research online about your model’s average, secondhand price
  • Research online to see if your model has any specialties/defects that might increase or decrease its value 
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All this should only take a few hours or a couple of days at most. By now, you should have a clear conception about what to expect. Don’t go by people’s comments, random online posts, etc. Any opinion you take into account must be from a legitimate source.

Get Everything in Order First

Get all your documents in order, including the insurance papers. Clear any due tickets that you may have outstanding with the city, as well as any pending legal disputes. If you cannot clear any of that, your car will lose more value than what they are all worth together. Also, take it to the mechanic shop, and get the vehicle serviced to make it look as good as possible.

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Now that you know what to expect, there is still room for negotiation. However, now you can engage in informed negotiations, rather than basing them on random expectations. Also, if you are in a hurry, don’t wait for too long, as markets change constantly, and you could end up with a lower offer if you do. This is especially true if you have a gas-only vehicle, given that the market is slowly pushing into hybrid territory.

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