When the time comes to move onto a new set of wheels, most sellers want to achieve the best possible price. Doing so usually means selling a car yourself, and if you want to stay safe you will need to be aware of a few things. Whilst there will be more effort involved than if you were to simply trade in to a dealer, the payoff is usually worth it.
To help you make the right choices and achieve top dollar with a minimum of hassle, I Sold My Car have prepared a brief guide on selling a car yourself.
Selling a car privately can take anywhere from a few days to a few months, with price, condition and demand being the three key factors influencing a sale. There is no shortage of cars to choose from on the used car market, so you need to do everything you can to distinguish your vehicle from the competition.
You can expect a typical private sale process to look something like this:
- Clean and detail your car – it’s a good idea to have a professional clean and detail carried out so that it looks its best.
- Take high quality photos at various angles to be used in your listing. Make sure that you clearly highlight any damage and provide detailed images of all body panels + interior surfaces.
- Set a price – Compare your car to other vehicles for sale in your local area. Consider the amount of registration remaining, odometer reading and condition of your vehicle when setting a price. You may like to use a service such as Redbook to arrive at a fair market value.
- Advertise your Car Online – think carefully about what you want viewers to see. Pictures are great, but it’s the paragraph you write that will really help to sell your car. Include important details such as registration expiry, typical usage, number of owners, additional options fitted, part replacements etc. It’s also a good idea to specify when and where the car can be viewed. Now all that’s left to do is sit back and await the enquiries!
- Inspect and Negotiate – the prospective buyer will check the car for damage, and they may wish to have a test drive. If they like the car, they will make an offer and you will need to decide whether to accept, counter or wait for another buyer.
- Happy with the offer? Time to sell! – to stay safe, you should only accept payment by bank cheque, direct deposit or cash. Make sure you provide the buyer with a receipt, transfer the registration and lodge a notice of disposal with the RMS. Once you’ve been paid in full, it’s time to handover the keys.
Be Prepared to put in the effort
Selling a car yourself is a lengthy and involved process. Not only will you need to create a detailed and thorough advertisement, but also take time out of your schedule to field phone calls, answer email enquiries and arrange car inspections.
You’ll be glad you put in the effort once you secure a sale though, and you’ll have a bit of extra cash to put towards your new car.
Time Poor? Sell to us Instead
At I Sold My Car we recognise that not everyone has the time or inclination to go about selling a car privately, and the good news is our service is designed for people just like you. We buy cars of all makes and models, helping you to achieve a quick, hassle free sale. If you’d like to sell your car to us, please contact us today.