How to Sell a Car in a Bad Economy

Selling your car in a bad economy can be a hassle. Nobody wants to pay you what your car is worth, and you don't want to sell it for less than its worth.

Difficulty: Moderate

Instructions

Things You'll Need:

• Car to sell
• Kbb and NADA blue book values.
• Knowledge of our car
• What your car is worth
• Newspaper
• Craigslist
• cars.com
• Autotrader

1. First of all before you get ready to sell your car see what it is worth. Check NADA ,and KBB blue book values. Then check the local Craigslist and the newspaper classifieds to see what others are trying to sell there car for. Then maybe give a few of the people selling a similar vehicle a call or email and see how much interest they have had in it,and if they have had any offers.

2. Once you have determined what your vehicle is worth, and also what you are willing to take as a bottom dollar, go ahead and list it. I would try craigslist and ebays free local listings option first since they are free. And if you do not have luck within about a week and a half go ahead and list it in the local paper, cars.com, or autotrader.

3. Once the vehicle is listed you should start to have a few people interested in it. If you do not get any calls on it then that means that you usually have the price set too high. Depending on the price of the vehicle i usually lower the price about $100 a week. And remember if it does not sell the first week, DO NOT PANIC! There is always someone out there looking to buy, you just have not found them yet, thats why you list it in several different places to catch the people that do not look on craigslist and do not know about the internet, so then usually list it in the paper

4. Remember when you are selling a car you are also selling yourself, so be sure to be very nice to the people that are coming to look at it. Make sure you are knowlegable about the car and anything that has ever happined to it. And be sure to tell them things that are good, like new tires, battery, windshield, oil change, service, and any major service.

5. Once you have an offer you have to consider a lot of different things. Even if it is a little lower then what you were hoping to get you have to remember that the economy is very bad and that people are wanting a deal just as bad as you would like to sell your car for a little more. So if it is reasonable i would take it.

6. Once you have agreed on a price, write up a bill of sale, sign the title, and then hand over the keys.

Tips & Warnings

• If your car does not sell withing the first week, DON'T PANIC!
• Try listing your vehicle in several places to reach a bigger audience of buyers
• Be reasonable on the price, set the price a little more then what you will take as your bottom doller.
• Don't get discouraged if you have a few tire kickers, or someone that is nit picking little things about the car.
• Be knowledgeable about the price of the car and what it is worth.

[crosswised]

on 10/10/2009 Good information on How to Sell a Car in a Bad Economy. I think most people do tend to panic if it doesn't sell right away, so your advice is right on target. Rated 5*