Selling a car for the first time can be overwhelming, especially when you need to do it fast. Most people post ads on various platforms, then sit back and wait for prospective buyers to contact them. However, this process is time-consuming and energy-sapping.
Do not forget that you can always use the equity that you have in your vehicle to get aĀ MemphisĀ title loan, you will be able to get same-day funding, so you can have the money that you need, while you are waiting to sell your car. You can also visit for commercial vehicles for sale.
Here are seven simple steps to follow if you’re looking to turn your car into hard cash, fast and easy.
1. Have Your Documents in Order
Potential buyers always have a lingering apprehension towards used cars, especially when buying from individual sellers. The main question that runs through their minds is, “why is the car being sold? Are its papers in order? Does it have any mechanical faults?” These and many other questions always come into play during a used car sale.
The chances of someone buying your car will be higher if you have all the paperwork in order. There’s no better way to allay potential buyers’ fears than having the car title, bill of sale, a notice of transfer, and vehicle service records. With these documents at hand, potential buyers will have confidence in your vehicle and the purchase process.
2. Know Your Car’s Value
You can’t sell a car if you don’t know its value. It also helps you to set the right price. The vehicle’s condition will determine its worth. If you’re unsure about the price to quote, Kelly Blue Book and NADA are excellent reference points. Remember that when looking to make a quick sale, the chances are that you won’t get the most out of the car’s value.
If you understand the value of your car based on its model, age, condition, and other factors, pricing should be pretty easy. Ideally, the price you quote should exceed the valuation figure slightly. For instance, if the car you’re selling has a market value of $4,500, you may quote the asking price at $5,000. Doing so gives you room for negotiation.
3. Spruce Up Your Car
It’s a good idea to make your car more appealing to prospective buyers. When they look at it, they should feel their search has ended. For this reason, give the vehicle a proper scrub, and fix scratches and dents that could turn off potential buyers.
Removing the muck that piles on the vehicle over time increase its value. If possible, fix the mechanical faults on the car. Having the vehicle in a tip-top shape proves to buyers that you’ve taken good care of it. As a result, they are more likely to agree with your valuation.
4. Create an Appealing Ad
When selling a car on the private market, create appealing ads that stand out. Start by taking high-quality and detailed pictures of the vehicle. Although it may be tempting to avoid capturing any shortcomings or damage on the vehicle when taking the photos, don’t succumb to the temptation. Taking misleading pictures means more people will come to check out the car, but upon seeing the realities, they won’t buy it.
Don’t shy away from including faults and damage in the ad photos because it makes you appear truthful about the car’s condition. After taking high-quality pictures of the vehicle, write an appealing but truthful description. If you don’t know where to start when writing a description of your car, ads by other private sellers are a good starting point.
What do other sellers write that catches your attention? What keeps getting mentioned in the other ads? What features are highlighted the most? Noting these down will give you an idea of where to start. Remember, you don’t need to be a professional writer to create captivating car ads. All you need to do is be truthful about the car’s condition and create a detailed but concise write-up about it.
5. Distinguish Potential Buyers From Jokers
The used car market is full of scammers and jokers. When you post your ad, chances are that one of them will contact you. Most prospective buyers will call or email you. Organize yourself to avoid wasting time dealing with unpromising buyers or getting scammed. Be ready for low-balling jokers who make low offers.
As you receive calls from prospective buyers, gauge their seriousness and only get back to those who sound serious. Being prompt in your responses is essential because buyers often check out multiple cars at a go. Responding fast increases the chances of making a sale.
6. Take Precautions During the Test Drives
If a prospective buyer seems ready to buy, they’ll undoubtedly ask for a test drive. Plan this in a safe and public place to avoid falling prey to fraudsters. You may also want to bring along a family member. Always meet prospective buyers in public areas during the day. Also, be wary of buyers who request an extended test drive.
Before you set off for the test drive, ask to see the buyer’s license. Accompany them during the test drive, regardless of the collateral they offer. Doing so takes the guesswork out of the test drive besides assuring you that you’re dealing with a reliable person.
7. Close the Deal
This is the last step in the car buying process. If a prospective buyer is satisfied with the vehicle and agrees on the price, go ahead and close the deal. Ideally, you should request the funds be transferred to you via a bank wire or a certified check. Don’t rush to turn over the car title until the funds are in your bank account or you have the money in your hand. Many fraud casesget reported at this stage, and being in control helps you avoid getting scammed.
Final Thoughts
Selling a car involves more than merely finding a buyer. There’s a lot you need to do to ensure you get your money’s worth. If you need quick cash, you don’t have to sell your car. You may end up selling it for a lower price, and it may also take some time to sell the vehicle.
You don’t have to go through that because TFC Title Loans offers you a convenient way to access same-day loans with your car’s title as collateral. Enter your car’s detailsto check the loan amount you qualify for.
