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Tips on Selling Your Car and Helping
Your Buyer Get Financed!
If you want to get the most money for your used car don't trade it...SELL IT!
In order to sell your used car you'll have to do things
like running a classified ad either locally or on a High Traffic Classified Internet Site, field phone calls and
have strangers come to your house so that you can
go on test drives with them. Then of course, you'll have to
negotiate!
You'll also have to keep your vehicle spotless so
that it makes a good first impression!
If you don't feel comfortable doing these things
then trade your vehicle in to a dealer and forget
it.
Of course, if you do, you'll be giving up perhaps
$2,000 or more!
If You're Willing to Give It a Try, Here Are Some
Tips To Help You:
Selling Your Car to an Individual? Use CapitolOneAutoFinance.com, the nation's largest online vehicle lender, to expedite your car sale. Get your vehicle professionally detailed. It will cost you $75 to $100. Believe me, this
will make your vehicle really stand out from the
crowd! Then, all you have to do is try to keep it looking good until you sell it! Write a simple classified ad emphasizing all
the strong points of the vehicle. Don't lie, but
don't go out of your way to point out what you may
think are weak points! In fact, the person considering your vehicle may not see them as weak points at all!
Put a price in the ad, and a phone number. Don't
put your address in the ad unless you want people
popping in on you unexpectedly all hours of the
day and night.
If you're at all concerned about being alone when
someone comes to look at your vehicle. . . And You Should Be. . . set up
appointments when a friend or family member can be
there with you. This cannot be over emphasized!
Use Your Head, and Put Safety First!
A sample classified ad for your used car could read something like this:
"1996 Ford Thunderbird LX. Exceptionally
clean and
very well cared for. Fully
equipped including sun
roof! Only
39000 miles. $7,000. Call 123-4567."
Emphasize any unusual good points and let people know
how clean your vehicle is. Keep it simple and positive.
Go to Yahoo! Autos
and look up the retail value of your vehicle. Now
understand that this price is not carved in stone,
and is probably high! You'll have to use your own
judgement on how much to settle for, but it will
be far more than a dealer will give you!
If you owe money on your vehicle don't use your
payoff to determine the selling price. It probably has no bearing on what your vehicle is actually worth. You'll either short-change yourself, or you'll be asking an unrealistically high price for your car and you'll never sell it!
If you owe more on your vehicle than you could
ever hope to get for it, you're going to have to make a decision to either keep your vehicle until it's paid off, or cut your loses and take what you can get and move on.
You should arrange financing for your new vehicle
in advance by using the resources on this website, and let your lender know what you are doing, and that you may have a certain amount left over from your previous loan that you need to
carry on the new loan.
Dealers do this all the time when you trade your
vehicle in and you are "upside down" in your trade. Whatever is left over on your loan after the
trade-in allowance, gets tacked on to your new
loan.
Before you show your used car to
anyone make sure all the fluids are at their
proper levels, especially the oil. In fact, have your oil changed just before you sell your vehicle so that the oil is nice and clean. People will look at the oil, rub it between their
fingers, smell it and even taste it!
When you sell your vehicle you'll have to take
your customer to your bank if you have an outstanding
loan on the vehicle.
Let the buyer pay the bank the balance of your loan
so you can sign off on the title and transfer it to the new owner. If you're lucky enough to have any money left over after the payoff is taken care of, get it from the buyer, and put it towards your new vehicle.
A nice touch would be for you to get a  FREE Carfax Record Check. Having this on hand will probably be very much appreciated by your potential buyer.
One last thing. You may want to list your vehicle on high traffic, Internet classified web sites. You'll have massive exposure to your vehicle and you just may find someone to buy it sight-unseen. Click Here To Visit The Best Used Car Classified Web Sites!
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