When you sell your car privately, you set the price, and you usually get more money than if you traded it in. So you don’t have to deal with a car dealer and can sell on your terms.
You have decided to sell your car on your own. It usually means a higher sale price, sometimes 10–20% higher than at a dealer, and it’s also a lot easier to sell a car than it used to be. But if you want the best price in the least amount of time, you need to take a few extra steps.
We’ve put together a step-by-step guide on how to sell a car privately in NSW as efficiently as possible to help you through the process.
1. Prepare Your Car For Sale – Maximise Your Car’s Value
Make sure your services are up to date, fix any known problems, replace worn tires, fix any scratches or dents, and do maintenance once over.
– Clean out and detail your car
The only time this doesn’t hold true is if it costs more to fix your car than it’s worth. If this is the case, drop the price you want and take what you can get.
2. Get a REVS check—find out how much your car is worth
A REVS check lets you compare your car to others on the market and recently sold vehicles. It will show you where your car falls on a price scale. It will also tell you if it has ever been stolen and if there have been any insurance claims. A buyer will likely ask for or do their own REVS check anyway. However, if your car looks good, it could help you sell it when potential buyers call.
3. Find out how much similar items are selling online to set your asking price
You can take your REVS check and find similar cars for sale in your area. The less common your vehicle is and the farther away it is, the more likely you’ll have to lower the price to sell it. Check out the asking price and how long similar cars have been on the market.
If they’ve been on the market for more than a few weeks, you know there isn’t enough interest at that price, so you’ll need to make sure your car is either cheaper or stands out in terms of features, condition, or miles.
4. Get an inspection report for your car
Any smart buyer will want to see your car’s vehicle inspection report, also called a “roadworthy certificate.” If you have already done the work and paid for it, this is a great way to sell, especially if the report is good.
5. Put An Ad Online
To sell a car, you must put up an ad online. We like carsales.com.au the best. It’s the most expensive site for selling cars in Australia but also the easiest and most popular.
When you place your ad, you should remember that this is a form of marketing and that your car will be up against many others. So it’s essential to take good pictures and remember to take photos of the things you want to sell, like the sunroof, GPS, or alloy wheels.
6. Put signs on your car and park it in a busy place to get the most attention
You can let even more people know that your car is for sale by putting a “For Sale” sign on it. Just add your phone number and the price you want.
You can take it a step further and park your car in an area with many people (once the sign is on, of course). The faster you sell your vehicle, the more people who see it.
7. Prepare the paperwork
When you’re ready to go with a buyer, you’ll need the following things:
8. Get ready for questions and phone calls
After you post your ad, the phone should start to ring. Knowing the answers to the most common questions is best, so you’re ready to go.
Things like…
(Try to say your final price once the buyer has seen the car.) What extras does it have (alloy wheels, larger wheels, GPS, sunroof, Bluetooth, leather seats, cruise control, etc.)?
9. It’s time to show off your car
When someone shows up to drive your car, that’s the moment of truth. This is when a potential buyer’s first impression of your vehicle could make or break the deal or help you get the price you want.
Many buyers will bring a second person, so ensure you’re not outnumbered. Know your selling points. Before a potential buyer takes your car for a test drive, get a copy of their driver’s license or write down the information. Make sure someone you trust goes with the buyer on the test drive.
Check to see if your insurance will cover test drives – Have your documents ready for them to look at.
10. Talking About the Last Price
People often “test” an offer by starting with a price much lower than you would expect. Be ready to talk about the best things about the car again, and don’t change the final price.
11. Wrap up the sale by doing the paperwork
Once you’ve made all your payments, it’s time to hand over your car and all its paperwork. The buyer will then have 14 days to go to their local motor registry and change the car’s title into their name.
Need to consult an expert regarding your car before selling it; please don’t hesitate to call Express Car Removals at 0437 008 000.