In the past, have you ever personally sold a car by yourself? You’ll likely answer yes to this if you own or run a car lot, but if you don’t, then selling a personal vehicle is a bit tough. Many municipalities have numerous listings already on the market, and there’s probably more than one source in which to make or find listings. That’s an upside to sellers, if they know the best ones to utilize. On the other hand, it can also be expensive and sometimes even a waste of time. Many factors come together to determine the outcome, like pricing.
If you decide to sell a used car on a personal level without a dealership, then you must be prepared to negotiate. Nearly every buyer you interact with is going to try and bring your asking price down. In person to person matters, it’s all too tempting to let your businessman attitude slip and take it easier on prospective buyers, just so you feel like a nice person and you hope to make the chances of a sale easier. Without a car lot as your background, you need to know on your own when to stand firm and say yes or no to an offer.
Some individuals choose to forego the whole selling process and just trade in their car at dealerships. On the other hand, you save and make more money if you sell your own car to an individual if you’re willing to be patient. The hard part is knowing how firm to stand on your price when dealing with possible buyers.
The real secret is being informed about the car’s value. Have a good inspection too. Accumulate documentation about both the current market values and the condition of the vehicle. Just showing this level of responsibility will garner respect and attention among possible buyers, who are going to be more inclined to make offers that are close to your asking price. Selling your used car on your own instead of just giving it up to a dealership costs you some work and time, but it can net you hundreds to thousands more of dollars in the long run.