How to Sell Your Car: Work Out What It's Worth

Nowadays, a lot of people are in a hassle when it comes to selling their used cars or exchanging a new purchase for their old cars. People who want to sell their cars find the process easier when they take the aid of various authorized car dealers or car manufacturers. However, bringing a dealership or a third person in the car-selling process also has some disadvantages. Analysis show, the price of selling a car on one’s own can bring about substantial profit than on choosing to sell the product through a dealer. The dealer charges from both the buyer and the seller a sum of money which renders the latter to run at a loss while the purchaser too has to face difficulties in paying quite a lot of money as an additional cut for the dealer. Thus, it is essential to abide by certain steps before selling a used car or exchanging it for completely a new one. The car valuation plays a pivotal role in the entire process, starting from working out the true worth of the car to selling it at an appropriate price. Here are a few steps or procedures that can help your car get a good valuation:

·         The strategy of selling the car:  It is imperative to ensure that no middle-man is involved in the process of selling a car. This might lead to a decrease in the car value.

·         Sound knowledge of the actual worth of the car:  In order to know the proper market value of the car, a thorough analysis is required. This may be done by visiting a few car websites, a bit of internet surfing about the current price trend and also exchanging a few words with some dealers. These may help to get the proper car valuation.

·         Appearance of the car: It is not at all advisable to change the car’s entire look and spend a lot of money in repairing the car. However, cleanliness, replaced tyres, a bit of polishing etc. can actually help in giving an attractive impression to the car in question and consequently may fetch a good price.

·         Proper paper work: It is essential to have proper documentation record, ownership documents and valid insurance in order. All these help appease the buyer and the car can easily be sold.

·         Concluding the deal: Before handing over the keys and changing the ownership, the process of selling a car demands a few formalities. The transfer of documents may be obtained from an RTO agent. If the buyer belongs to a different city or state, an NOC from the respective RTO office to transfer the ownership is required. Also, it is prudent to transfer the ownership after all payment has been successfully done.

Thus, the key to get a proper car valuation is to know the true worth of the car by evaluating the present condition of the product in terms of its exteriors and interiors, mechanical status, mileage and the current market trends.