Even if you have been thinking about it for a long time, selling your old vehicle is difficult. If you’re preparing to sell an old car, it’s important to remember that there are no shortcuts. You should complete the sales procedure with a written contract to avoid future problems, such as legal issues that may result from an incomplete transfer of privilege. To help you, we’ve compiled a list of five key factors to consider when selling your vehicle.
Fulfill Document Requirements
First and foremost are the documents, and you should start the sales process by ensuring all the necessary paperwork is in place. The Certificate of Registration (RC), valid insurance policy, and pollution control certificate are required. Additionally, if you have purchased a vehicle with a loan, a no-objection certificate from the bank will be required for selling it.
Inspect Car Condition
It is a good idea to have your car tested before putting it on the market to see if it is in good condition. Inspect the body, pedals, engine bay, floor mats, car batteries, and other internal and external components. If your car has defects or problems that need to be fixed, you can either repair it before selling it or sell it at a lower price. Remember to take your car to a professional mechanic for proper inspection, as they can also fix minor issues that will increase your vehicle’s value.
Service Your Car
Used car prices are higher when you can produce service bills showing regular maintenance. It’s proof that your car has been properly maintained and there are no issues in its performance and appearance. Servicing your car regularly also extends the life of its parts; therefore, no matter if you are selling or not, take it for a monthly servicing.
Evaluate Your Car
The essential factor to consider when selling your vehicle is pricing. Demanding more may not attract buyers, while lower prices are not feasible for you. You can research by looking at the auto market, finding similar car models in your area, or consulting local car dealers.
Delete Personal Information
Today’s vehicles are more personalized than ever before. Most vehicles will store your data such as GPS locations, addresses, phone numbers and other important personal information. This is why restoring the operating system to factory settings is important before selling the car. Depending on the brand of the vehicle, the data settings and synchronization system may vary. In this case, follow the manufacturer’s instructions to ensure that all identifiable information has been removed before selling your vehicle.
Selling your used car in today’s market is a difficult job. Buyers have loads of options; therefore, making your car stand out is the key. You must have the complete documentation, service history and legal paperwork to make it an attractive proposition for the buyer. Additionally, these aspects also determine the actual value of the car. Consider the above pointers before selling your automobile to get a fair deal.