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6 Mistakes People Make When Selling Their Used Car


Whether it’s due to a desire to upgrade or because the car isn’t addressing your needs any longer, now maybe the time for you to sell your car.

Selling your used car isn’t an easy thing to do, sure, but that might be because a lot of people make some common mistakes listed below.
By avoiding these mistakes, you are taking one step closer to getting the best price possible for your used car. Aside from that, it's going to make the selling process easier for you.

Whether you’re a seasoned used car seller or a newbie, this article will be useful for you. Below you’ll find some of the more common mistakes people make when selling their used car.

1. Not knowing the vehicle’s value

One of the mistakes that car owners make when selling their car is not taking the time to find out the value of their vehicle.

When it comes to the pricing of your vehicle, there are a lot of factors involved in it. The specific model of your car is an important factor contributing to the selling value of your vehicle. Aside from that, another factor to consider is the age of the car. Cars tend to become cheaper over time, with a few exceptions.

When you know the true value of your vehicle, you can better price your car and you can have a better chance of finding buyers who are more likely to buy your car.

2. Spending too much on repairs

With used cars, it is often inevitable that you have to make some repairs first before you can sell it. After all, your vehicle needs to reach a point where you have a reasonable chance of actually getting buyers for it.

Although it is important that you do repairs on the vital parts of your car, you should make sure that you don’t overdo it with the repairs. You can only get so much value out of selling your car, so you should check to see if the costs of repairs will fit the value of your vehicle.

It’s best to get a professional mechanic to look into the repairs that your car needs so that you can use the information as leverage during negotiations with buyers.

3. Mishandling all the paperwork

The paperwork is one of the annoying parts of selling your used car, especially if you’re not an organized person.

Before you even think of advertising your car up for sale, you should make sure that you’ve handled all the needed paperwork to be able to sell your car. You will need two bills of sale for you and for the new car owner, and the title for your car.

Although handling paperwork isn’t fun, it still is an essential part of selling your used car. Preparing your paperwork beforehand ensures that you avoid headaches in the future.

First off, you won’t be liable should the new buyer get into an accident. Plus, you remove responsibility for the car’s condition away from you, making it so that it is the ultimate responsibility of the buyer to check the car before buying.

4. Agreeing on non-cash payment

When you’re selling your used car yourself and not through either a dealership or a third-party seller like https://www.carbuyers.co.nz/, you need to make sure that you get the payment that you agreed upon. Some buyers will try to swindle you out of your money so you need to take the right precautions.

Compared to getting your payment through a check, it is always better for you that you get paid with cash. Checks can be easily forged. However, there are two specific ways to do this.

One, you should either do the transaction in the buyer’s bank or two, you should do it in your bank. This way, you get to receive your payment in a safe and guaranteed way.

5. Forgetting to disclose information

Even though you may be eager to get your used car out of your lot, it doesn’t mean you have to use less than honest means to do so.

If you think your car isn’t in the best state it could be for the price point that you want it, then don’t consider hiding the imperfections of the car so you could get the selling price that you want.

If you hide the damages in your car and your buyer discovers it after the’ve bought it from you, things could get nasty. They could sue you for it.

Although there is no guarantee that they’ll win the case, the whole process alone will cost you a lot of your time and money. All of these hassles could be avoided quite easily if you’re honest with the needs of your car.

6. Accepting the first offer that comes in

The rules of negotiation is that you should never accept the first offer. Do your best to negotiate with your buyer and work on your sales skills. Even though you shouldn’t be unrealistic, it doesn’t mean there’s no room to haggle.

Now that you know the common mistakes people make when selling their used car, you can have an easier and more efficient way of selling your car. Good luck!

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