Tips to improve the market value of your car

Posted on Wednesday, July 20, 2016 - 11:38

If you’re thinking of selling your car, it’s primordial to focus on ways of improving its market value – that if you want to make a successful sale. If it’s your first attempt, you might feel a bit overwhelmed because of the numerous inconveniences that may diminish the price of your vehicle.

That’s why we’ve collected a list of top tips on how to raise the value of your car!

Do plenty of research

Research may sound like a drag, but it’s the very first thing you should do when you decide to sell your car. You might be tempted to turn to the nearest dealership, to skip the nuisance, but hear me out. If you don’t know the current selling price of your vehicle, you won’t know what you’re losing out on. Plus, even though it takes some time, doing some research online is quite easy. You just have to pay attention what people are looking for in a car and get a hint on the condition of other vehicles. Even if you decide to sell your car privately, or to a dealer, you’ll know its value. Read 10 tips when your car doesn't sell.

Get your car checked

If a potential customer takes your car for a test drive, you don’t want to turn him/her away, do you? That’s why you should make sure everything works smoothly, and there are no rattles or rumbles that may jeopardise your deal. According to an official Australian report, 54 percent of all Aussie drivers think of car safety as a priority when purchasing a vehicle. On top of that, no one will want to buy your car if it will only make them spend more money on repairs. By having your vehicle checked, you’ll increase its sale price. In addition, ensure that you have a copy of every receipt.

The details makes the difference

Did you know that official statistics show that each driver takes into consideration the appearance of a car before purchasing it? If you feel you’re up for the task, you should put the time aside to set up your vehicle. For instance, you can start by cleaning it properly. Secondly, don’t let minor problems affect the sale. For this reason, you should take your vehicle for a professional check, and remember to keep the receipt.

Show your reliability

So you’ve had your car checked up, detailed and repaired, and now it’s in excellent condition. You’ve done your homework, and you know the market asking price. What else can you do? The customer has to know that he/she can trust you. On that account, every receipt should be organised neatly. Transparency is the key to building reliability, and this is that one thing that will convince a potential buyer that you’re honest. Also, don’t forget about the insurance claims, and any repairs you have undergone.

Be reasonable

It’s quintessential to be down-to-earth and sensible when you establish a sale price. Do make sure to leave room for negotiations, since every buyer will want to haggle. It’s important to obtain a good price for your investment, but be flexible and consider each option most carefully!

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