Friday, December 17, 2010

Tips On Getting The Best Price When Selling Your Used Car

how to sell my used car
Presenting Your Car. Bear in mind that when you sell your car, people will also be evaluating you. To ensure a successful used car sale, you should make a good impression, make buyers feel comfortable and answer their questions openly. Potential buyers will want to test-drive the car. Ride along with them so you can answer questions. Also, they may not know the area, so you might have to guide them along the test-drive route. Some buyers will want to take the car to a mechanic to have it inspected. If you have a report from your mechanic, this might put their doubts to rest. But, if they still want to take the car to their mechanic, this is a reasonable request. Individuals such as these will likely have visited how to sell my used car sites or read material on the subject prior to meeting you.

Price Negotiations. If a person test-drives your car and likes it, you can expect them to make an offer. If their offer is well below your asking price, you will want to either hold firm with your asking price or make a lower counteroffer. Consider your answer carefully. When discussing cash for cars, speak slowly and clearly to avoid misunderstandings. Keep the negotiations impersonal by focusing on reaching a win-win price. Give the negotiation process some thought ahead of time so you won't be caught unprepared when the time comes.

Managing Complications. In some cases, you might reach an agreement with a buyer that is contingent on performing repair work. This can lead to misunderstandings down the line, so avoid this, if you can. The best thing to do is have your car in good running order and know in detail about any repairs necessary. Remember, a used car — particularly an old one — isn't expected to be perfect. But it still might be useful when negotiating cash for used cars.

Completing the Sale. The laws governing the sale of motor vehicles vary from state to state. Check with the governing agency in your state, most of which is now available on the Web. When selling your car, it's important to limit your liability. If someone drives away in the car you just sold, and they get in an accident, you don't want to be held responsible. Once you have the money from the sale (it's customary to request a cashier's check or cash) sign the title over to the buyer or provide them with a bill of sale. Finally, remember to contact your insurance agent to cancel your policy on the vehicle you have sold (or transfer the coverage to your new car).

Post Sale Details. Occasionally, there are unexpected bumps in the sale process that arise. These will be handled easily if you are dealing with a reasonable person. So, as you are contacted by prospective buyers, use your intuition to evaluate them. If they seem difficult, pushy or even shady, wait for another buyer. With the right person, selling a used car should be simple and easy. For additional information on selling your used car either privately or professionally, visit www.cashfortrucks.com to learn more.