If you want to buy a new car then it’s wise for you to trade in the one you have right now. If you don’t then you could be missing out, as a lot of auto traders will give you a discount on your new vehicle if you trade in your existing one. If you want to make sure that you are not missing out then make sure that you avoid these top mistakes when selling your car.
Not Knowing the Value of Your Car
At the end of the day, you can’t know what price to put on your car if you have no idea what it is worth. It doesn’t take a lot of effort to find out this kind of information either. You simply need to do some online research and find out what other cars are being sold for. Make sure that you take into account the year of the car and the model when comparing your prices. If you can do this then you will soon find that it is easier to get the result you want.
Spending too Much Repairing Your Car
Another mistake that people make when trying to sell their car is that they spend far too much money on repairs. If you have a major repair that needs to be done then there’s a high chance that it’s not worth doing. Car repairs do not work in the same way as home improvements. Let the buyer know if there are any issues and then leave it there. You can even get a written estimate from a mechanic on any repair work too, so that they can negotiate with the buyer to make sure they’re not knocking you down too much.
Not Being Honest about the Car
Sure, you want to get the most for your vehicle but at the same time if you avoid telling the buyer about any repairs then this will end up coming back to bite you. An unhappy buyer could easily sue you if they feel as though they have been deceived. Hiding things never works out, so be upfront, and make sure that you inform them of any potential scratches and dings, even if they cannot be seen at the viewing.
Taking the First Offer
Another huge mistake would be you taking the first offer you see. Perspective buyers will want to low-ball you for the car and there is nothing wrong with this. That being said, you do want to make sure that you are still getting a fair price. A common mistake people make when trying to sell cars is that they go for the offered price because they feel as though that’s the best they are going to get. If you want to avoid this then politely tell the buyer that you need a few days to consider. If they want the car then they will probably increase their price there and then. If not, it gives you a few more days to get some more offers in before you accept.