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How to Sell a New Car

Contributor
By Barb Nefer
eHow Contributing Writer
(3 Ratings)
Sell a New Car
Sell a New Car
Photo: freedigitalphotos.net

Selling new cars can be challenging because once you drive it off the lot, the value immediately goes down. Even if you've only put a few miles on it, it will still be worth hundreds or thousands of dollars less than the dealer's price. You won't be able to recoup your original sales price, but if you follow some important steps, you can maximize the amount you will receive from a private buyer.

From Quick Guide: KBB Guide
Difficulty: Moderately Challenging
Instructions
  1. Step 1

    Set a realistic sales price. It can be hard to accept that your car's value diminished as soon as you took delivery, but that's the way the car business works. A buyer won't pay full price to a private seller when he can pay the same amount to a dealer and get a brand new vehicle. Don't rely on printed sources like Kelly Bluebook to set the price. Scan classified ads, online and in local newspapers, to see what others are asking for similar vehicles. Your price should be based on the local market.

  2. Step 2

    Advertise that your new car is for sale. Start out with free ads, such as notices on bulletin boards and free online sources like Craigslist. Put a sign in the car so it becomes a rolling sales tool, and let your friends and co-workers know that you are selling your vehicle. Often you can find a buyer through word-of-mouth.

  3. Step 3

    If free ads don't work, place paid ads online or in local newspapers. Ask friends who have previously sold their vehicles about where they placed their ads and which ones generated the most leads.

  4. Step 4

    Emphasize your new car's special features and advantages to prospective buyers. Most new cars come with a manufacturer's warranty that can be transferred to the new owner. Let interested parties know that any repairs will be covered for a specified length of time, giving them peace of mind. Many new cars also include free towing service for a certain period, so push this as a benefit, too, if it's applicable to your new vehicle.

  5. Step 5

    Be prepared to negotiate. Negotiation is an unofficial part of the new car buying game. Buyers want to feel like they are getting a bargain, so be prepared to come down on your price. Know your bottom line, and if the buyer makes an offer that is too low, be prepared with a counter offer. If the buyer does not accept it, thank her for her time and move on until the next prospective purchaser comes along.

Tips & Warnings
  • If a customer shows interest but makes an offer that is too low, save his contact information. If you cannot sell the car to someone else, you may decide to give him a lower counter offer. It never hurts to call and ask, and you may be able to make a sale.
  • When you advertise your car online or in a newspaper, you will get calls from people or companies claiming to have a buyer. They will ask you to pay an up-front fee before they will give you specific information. Never pay a fee to anyone. This is a common scam. There really is no buyer, and the caller will not help you sell the car. They will simply take your money and disappear.
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eHow Article: How to Sell a New Car

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