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How To Prepare Your Car For Sale
Selling your car used to be a no-brainer. You would just park the old junker at the end of the driveway facing out, stick a “for sale” sign on the dashboard and wait for the right buyer to happen by. If you’re really ambitious, you could paint the price on the windshield in white shoe polish, along with the ever-tempting “ONO.” But in today’s used-car market, the old tactics won’t get you very far. Savvy buyers and sellers have access to a myriad of online tools designed to make vehicle transactions easier, faster and safer. Without a clear strategy, sellers can be left in the dust.
First and foremost, investing in a round of vacuuming and shampooing is well worth your time. Each of our experts emphasized good old-fashioned cleaning and detailing as an initial step in getting your car primed for sale. “Thoroughly cleaning your vehicle is absolutely crucial — it’s one of the simplest things you can do,” says eBay Motors’ Stanfield. “You want to make sure that your potential buyers are seeing your vehicle at its best.”
Research is also crucial. Trademe has been a respected source of automotive pricing for over 10 years, and the service has been available for free on the web since 2002. Research of vehicles for sale and "sold vehicles" to get their vehicle’s value as well as local listings to scope out the competition. Trademe can help sellers determine the current value for their used vehicle. Researching the sales history of similar vehicles on Trademe Motors can also provide sellers with a clear idea of how similar vehicles have fared in comparison.
Those who have maintained good records of maintenance and repairs will be rewarded for their due diligence. Service records are immensely important in a private sale to show prospective buyers that things have been taken care of at the right intervals. An accurate log can reap benefits for the next owner. According to eBay Motors’ Stanfield, the seller should consider whether the factory or extended warranty on the vehicle is still valid, and if it would be transferable to the buyer. All this can mean more dollars in your wallet.
There are plenty of reasons to sell your vehicle privately, rather than trading it in or selling it to a car dealer. The most important reason is financial: You’re likely to get more money from a private party than you will from a dealer sale or trade-in allowance. There’s also a great sense of satisfaction knowing that you have handed your vehicle off to its next owner. Selling a vehicle is rarely a casual affair. It actually requires quite a bit of work --most of it preparation.
What are the benefits of buying a car from a licensed car dealer Vs buying privately?
If you are considering buying a new motor vehicle, buying from a Licensed Motor Vehicle Dealer (LMVD) can be a sensible choice. They must offer a warranty, so you are better protected that way.
Anybody who has sold more than six motor vehicles in a year is considered to be a motor vehicle dealer by the Ministry of Consumer Affairs, regardless of whether the vehicles are sold in person, on TradeMe, or anywhere else. If you buy from a dealer, you also have more protection under the law than if you are buying from a private individual.
What are your rights when buying a car from a licensed motor vehicle dealer?