Step 1: Know your Market
A good place to start is the internet. A little research and you will find the price of vehicles similar to yours. You can also call a few used car dealers and check on prices of cars similar to yours.
Step 2: Price Your Car Properly
List your car at a value you want to sell. Putting a very low or a very high price will either attract lot of unintended buyers or no buyers at all. Buyers love to bargain, so keep a buffer on the minimum price you are expecting, but remember, the buyer may have checked car prices for your car on the internet, so keep the price close to it to make your offer more competitive.
If you don't want too many responses on your ad, specify clearly “Best Offer”, “Final Price”, and “No Negotiations”. This will limit the responses and only serious buyers will contact you.
Step 3: Give Your Car "The Best Looks"
Clean your car properly and consider taking care of minor maintenance issues. LOOKS SELL!! Some things you can do to improve your car's appearance are:
· Wash, wax and vacuum your car.
· Wipe down the dashboard and other surfaces.
· Gloss up the tires and polish the wheels.
· Clean all glass inside and out, including mirrors.
· Clean out any junk from inside your car and the boot.
· Replace any fused lights or blown fuses.
· Top up all fluids.
Get all your car’s papers together--maintenance bills, service records, warranty receipts for tires, batteries, etc. Well maintained records will command a premium. They show that you care for your car.
Step 4: Create a Ad That Sells your Car Quickly
Your best bet is an online Ad—create your Ad on mycarqna.com here. myCarQnA has thousands of car buyers visiting every month making it the right place to sell your used cars. Remember It's absolutely FREE to list your car at myCarQnA! Your car will stay on the site until it is sold.
Here are a few tips to help sell your car quickly:
· Upload a few pictures of your car. The cars with pictures get a much higher viewership! You can take pictures with a camera or simply use your mobile phone. You can use your mobile camera to click the pictures. Photograph your car in daylight – preferably early morning or in the evening. The quality of those pictures would be good
· Give as many details as possible about your car. This will attract the right buyers and help you sell your car fast
· List out the extra fittings like alloy wheels, leather upholstery, CD-changer, music system, new tires, available services, warranties, etc.
Step 5: Be Prepare to Receive lots of Queries from Buyers
Once you have placed your advertisement, be ready with the information you have put in it. Buyers are making a big decision, so try to answer every question honestly and openly. You'll save yourself time instead of making unnecessary appointments. Do the initial screening of the buyer over the phone and then fix up an appointment. Make the appointment for a specific time, rather than allowing a buyer to show up "sometime after work." It increases the chances of the buyer showing up, and it doesn't waste your time. If you feel uncomfortable with a buyer coming to your house, arrange to meet in a populated, well-lit area.
Step 6: Finalize the Sale
Be patient; you will do well and sell your car at a great price.
· Show your car to the interested buyer.
· Don't let the buyer take your car for a test drive without you.
· Check the buyer’s driving license and then let him drive, but you navigate.
· Ask for a deposit if buyer wants you to reserve the car, and specify the time after which his deposit will lapse.
· Negotiate the price, don't allow too much bargaining and don't show desperation to sell. Give it a little attention and leave it for the buyer to decide.
Step 7: After the Sale
Congratulations!! You have sold your vehicle but some paperwork will need to be done. Accept the payment either in cash or a demand draft. In case of cheque payments, don't transfer the documents until the time the cheque is cashed and the payment is realized in your account. Any car dealer or RTO office in your area will help you with RTO transfers.