For most people, your car is one of the most valuable assets you own. For this reason, it is really important that you manage to get as much of that value back when the time comes to sell. So, today, I want to take a look at some practical advice to help you make as much money as possible when selling your car!
Sell Your Car Online
The single best way to ensure that you get the most money when selling your car is to list your car online. While it can be tempting to take your car to a dealership and just get the sale over and done with, you will almost always make more money by selling the car directly to its next owner. This is because a dealership acts as a middleman. Dealerships have to turn a profit, so cannot offer you the true market value of your car. By skipping out the middleman, you ensure that you get the car’s actual market value.
The best way to do this is to list your car online, because that way you can reach a really large audience of potential buyers. Selling online is made really easy these days, with plenty of competition between “sell my car” sites meaning that fees are low and the listing experience is easy and painless.
It’s All In The Timing
It might come as a surprise, but the time of year that you sell your car can have an effect on how much money you make. So, if you are not in a rush to get your car sold, it might just be in your interest to wait until the right season. It can be tricky to predict, but there are some good rules of thumb.
- First, and perhaps most obvious, is that if you are selling a convertible it’s a good idea to wait until winter’s passed. The idea of a soft top car becomes much more appealing in the spring. As temperatures rise, so too do the prices buyers are willing to pay for a convertible. In fact, in general, sportier cars will probably go for a little more in the summer months, when people are looking forward to getting out and about.
- Second, SUVs and 4x4s will be more attractive to buyers in autumn and winter. They are vehicles designed to deal with adverse weather conditions, so are well suited to rain and snow. Again, this means that you will be able to make a little more on your bigger car if you are selling after summer.
Clean Your Car!
Finally, make sure to clean your car before selling. This might sound silly, but the psychological effect a clean car has on a buyer can help you get a higher price. The simple fact is a clean car looks nicer, it hides its age better and it makes you seem like a careful owner. All three of these things can help convince a buyer that your car is worth top dollar. So, don’t skimp on the finishing, it could cost you in the long run! It might even be worth considering a professional valet service.
Hopefully, these tips can help you turn your car into cash and help you avoid selling short when selling your car. Who knows, with all that extra cash maybe you can treat yourself when it comes to getting your next motor…