Just like buying a new vehicle, selling one can also be quite daunting. This article will tell you how you can get the most out of your transaction when selling your used vehicle. As we all know, once a new vehicle leaves the showroom, its value begins to depreciate.
Therefore, we have brought facts to consider before, after, and during the process of selling your beloved asset to someone else. As these steps and tricks will help you get the most out of your desired deal.
So, let’s start reading:
when to sell: Keep in mind that the value of your vehicle depreciates over time. Even if you don’t use your own vehicle much or take good care of your beloved asset, you are still slowly and gradually aging. And therefore its value is decreasing more gradually. Therefore, as the owner, you need to decide how long you want to keep the vehicle with you, as a three-year-old vehicle will definitely net you more money compared to an older car.
There are also other factors that decrease its value, such as quality, appearance, etc.*
Before selling: After you decide to sell your vehicle and before you sell it, consider the resale value you expect to get in exchange for your vehicle from the buyer while you sell it. You can consult online as well as consider professional help for the exact valuation of your vehicle.
Also, if you haven’t had your vehicle serviced in quite some time, have it serviced and replace any faulty or non-functioning parts. As no interested buyer would be interested enough in the squeaky sound and non-functioning parts of your vehicle. And also, with the best functionality, all things in good working order give you the edge, so you can meet your asking price.
To some extent, you can go through these points to increase the value of your vehicles:
wax up, wax up
bright lights
Chips/cracks in the windshield
Brakes
shiny wheels
inside jobs
Put your papers in order
make easy fixes
Don’t have a scratch and a dirty tooth
Dealing with potential buyers: Just as it’s not a good idea to buy a vehicle from a used car dealer, it’s also not a good idea to sell it to one. As they tend to give you a low value of your vehicle, so that you can sell it at higher prices later, making a profit.
You can always go through the process of selling your used vehicle with organized players for a better transparent transaction experience at optimal prices. Just like through our services, interested buyers can bid on your vehicles and you can choose the minimum amount you want for your asset.
You can also check out the number of other services such as the Private Dealing Facility, where the professional team closing the deal closes the gap between the seller and the buyer, while maintaining full transparency through the recorded transaction.
token money: If you find the potential buyer interested in your vehicle, ask for the token money and give him a convenient date to take care of the rest of the money and hand over the car keys only after full payment.
Paperwork: Participating in legal work during the sale of a car results in a lot of paperwork that the seller should not delay and take for granted. Therefore, we bring you the list of documents that you must verify when selling the vehicle to the buyer along with the paperwork:
car ownership transfer
Finance company NOC if applicable
Copy of delivery note
original registration certificate
RTO tax certificate
Insurance policy (update insurance company on transfer of ownership)
Copy of the car invoice.
Car Owner’s Manual.
Car service history.
Request to the RTO for a NOC if the buyer’s residence is in the area of ​​jurisdiction of another RTO.
Do not forget to give these documents to the buyer for a successful and ethical transaction and also for your personal good. As paperwork, implement that ownership has been transferred and you will not be dragged down in any matter, including your ex-vehicle, whether it be an accident/criminal offense, etc.
