What is my car value?

This is the first question that comes to one's mind when it comes to selling a car - how much should I ask? What I can get for my car?

However, the real car value depends on many factors, such as car technical condition, installed options, time of the year, gas prices, market condition, etc. This means there is no guarantee that you will be able to sell your car for the suggested price. For example, it's difficult to sell a car with high fuel consumption when the gas prices are high.

You also can check used car classifieds in your area to see what other people asking for the same model cars. It's reasonable to set slightly higher price if the car is well taken care of, you are the only owner and you have all service and maintenance records. Clean history report also can help. Best strategy is to set the asking price slightly higher and if there is no real offers, to lower it gradually.

To sell privately or trade-in to a dealer?

If you intend to buy a new (or 'new' used) vehicle - trade your vehicle in is the simplest way to go. Trade-in means you swap your old car to the new one with the dealer and pay him the difference in price. Good thing about it is that in most cases, you pay taxes only for the amount of this difference. Bad thing is that the dealer will offer few thousands less than what you would be able to get selling it privately, this is just the way dealers make living.

Even if you don't want to buy another car, but want to get rid of your old vehicle, selling it to a dealer may save you a lot of time. You can just drive around offering your vehicle to different dealers or used car lots and sell it to the one who will offer a best price.

Selling privately you can get higher price, especially if you do something to prepare your car and make it more attractive. However you have to be prepared, people are different: some of them may bother you for weeks asking to have your car inspected here and there, constantly complaining about the price and disparaging your vehicle. Others may give you a deposit right after a quick look at the car and that's it. You lucky if you get this kind of buyer.

Where to advertise?

First, you may simply put "For Sale" sticker on your car. If you sure your car is worthy, consider to tell some of your colleagues that you are selling your car. May be someone of them is looking for one.

When disposing of your current vehicle there are a few options to consider :

  • trading it in against the purchase of a new car
  • finding a vehicle wholesaler to purchase it outright
  • selling it privately
  • Private Fleet's Vehicle Sales Help Program
Few more tips

- Keep in mind your bottom price and keep it firm. But if someone make an offer close to your bottom line, go for it.

- If your vehicle is a real lemon or has hidden problems and you know this, don't try to sell it as "very good car", be nice, don't let other people get into troubles. Instead, try to sell it cheaper to the dealers - they will be able to fix it. Well, less money but at least less headaches.

Well, I hope this will help you to sell your car.

Good Luck!


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