Step1
First, you need to know what your car is worth. Check the Blue Book value and depending on any wear and tear and years and mileage, you can name your price.
Step2
Write down a list of questions you may ask if you were looking to buy. Put yourself in thier shoes. Questions may arise like-'I love it but not sure if I can afford it.'
OR-''Are you sure it's only the muffler?''
OR- 'If it's so great, why are you looking to sell it?'
After doing that, write down the answers you need to have if the buyer does present you with such questions.
Step3
There are a few ways of getting the word out. Word of mouth is one, online such as craigslist, weekly shoppers, your card pinned up in laundry matt and grocery stores. Make sure to list and state mileage, model, how old the car is, if there's any work to be done and ofcourse, your asking price. Give yourself a little bit of wiggle room so you can be negotiable.
Step4
Make sure your car is washed and waxed. You may want to do a little upkeep, oil change, maybe a new tire or two. You can also obtain a repot from your mechanic stating the car's condition. This can motivate a buyer who is on the fence.
Step5
If the repair is needed, and you trust the mechanic's assessment, you could propose reducing the agreed-upon price by all, or part, of the amount for the repair. If the repair is questionable, but the buyer is insistent, split the difference, or have the car taken to your mechanic for further evaluation.
Remember, the older the car, the more a mechanic is likely to find. At some point, you have to draw the line. You may have to say to the buyer, "True, this work could be done. But the car drives well as it is. And the proposed repair isn't addressing a safety concern." After all, a used car — particularly an elderly one — isn't expected to be perfect.
Step6
Keep in mind that when you sell your car, people will also be evaluating you. Make the buyers feel comfortable. They will probably be uneasy about making a big decision and spending money. Put them at ease and answer their questions openly.
Step7
Have all maintenance papers ready to show prospect buyers.
Step8
Before your car drives away for the final time, take a last look through the glove compartment, the trunk and under the seats. You might find some long forgotten treasures you misplaced years ago
Comments
Hapworth said
on 6/27/2008 Excellent advice.
parvenue said
on 4/12/2008 Great article! Thanks for the wonderful advice. You totally rock!