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Avoid these 5 common mistakes while selling a car

Avoid these 5 common mistakes while selling a car

Selling your car is a big decision. It becomes more complicated if you have owned the vehicle for a long time and grown attached to it. But when you are looking for an upgrade and don’t have enough space in your driveway for two vehicles, you have no option but to sell it. However, it is also important to avoid some mistakes while negotiating a reasonable price for your vehicle.

Not finding out your car’s worth
Depreciation impacts your vehicle as soon as you drive it off the lot the first time you buy a car. But that doesn’t mean your car has no potential for resale. Websites like Kelley Blue Book provide updated asking rates and quotes trending online using your car’s VIN number, make and model details, and listed features. Find out exactly how much you can get for the car with the help of such platforms.

Not being honest about the car’s condition
A pre-owned vehicle will undoubtedly require some repair work to jazz it up for sale. But if there are any major performance or structural issues, these factors will impact the car’s value. Therefore, one must always be honest about the car’s condition before quoting a price. As a seller, you must ensure that all parties benefit from the deal.

Taking the first offer
Never jump at the first offer that comes your way. Remember, the more popular your car’s make and model, the higher your chances of getting a good asking quote. You should compare the deals and be prepared for counter offers as well. If there is wiggle room, you will always find a customer willing to negotiate reasonably around the asking price.

Makin costly repairs
You must have the car in working condition and be evaluated for safety before selling. But that doesn’t mean you go all out and splurge on excessive repairs and maintenance, like putting in a new set of tires, an audio system, or a new infotainment center. Instead, focus on the necessary repairs and quote your asking price accordingly after getting an estimate from the garage.

Letting emotions get the best of your deal
Sure, you might get emotional if the car you are planning to sell is the first one owned by you. But that should not come in the way of making a checklist to ensure a good deal. So always have realistic expectations for the trade-in or sale value, as a potential buyer would be least bothered about your emotions.

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