This article is brought you by Vietwheels.com, Vietnam’s leading online marketplace to buy and sell cars.
Selling your car can be a time-consuming and stressful experience especially if it is your first time or if you are not getting nowhere when trying to sell your car in the market. Selling a car is not as difficult as you might think it is. Thanks to Vietwheels, we discuss the tips for private individuals looking to sell their used vehicle for the highest price.
1. Know the market value of your car
The first step to selling a car effectively is to know what the market value of your car is. This can be done by going to an online car marketplace like Vietwheels.com to get an idea of the prices similar models are advertised for. To compare prices effectively, you will need to know what your car’s year, make, model, mileage and condition is to compare against other models advertised.
When it comes to selling a car expect some negotiating from car buyers and dealerships. This is why it can be a good idea to add a markup (e.g., 10% — 15%) to your selling price. Dealers and private buyers will most likely try to negotiate your initial price down especially in Vietnam.
Before selling vehicle car, you will also need to know the other essential details about your car, such as the number of kilometres it’s travelled (e.g. 100,000kms) and how much warranty and registration is left in case car buyers and dealerships ask you these questions.
2. Speak to multiple dealerships
Selling to a dealer can be an easy and fast way of selling your vehicle. If you are not looking to buy another car after selling your old one, then selling to a dealer may be more convenient and faster than arranging a private sale. You don’t need to worry about setting a price or finding a buyer.
If you choose to sell your car to a dealership, don’t just go with the first offer you receive from a ca dealership. Speak to multiple second-hand dealerships and sell to the one that offers the highest price. The price that the dealer offers you will depend on how many similar vehicles they currently have. Even though you are selling and not buying shopping around to get the best deal is still important. Don’t be afraid to negotiate the price, which is completely normal when selling to a dealership.
You may like to consider trading in your car for another vehicle in stock with the same car dealership, especially if the dealership can offer it to you for an attractive prices if you decide to trade-in your existing vehicle. However, be sure to negotiate the price for your trade-in first as opposed to building it into the purchase of your next car. This way, you are aware of what you are being offered, and you can be sure it’s in line with the real value of your car.
3. Refurbish your car
Before advertising your car on the market make sure to give your car a make-over. A clean car is more attractive to buyers and can help you get a better trade-in value. A good car clean and polish can go a long way when advertising and showcasing your car to customers and dealerships. Also, showing that you have regularly serviced your car and kept it in good condition will make it extra attractive to a potential buyer.
Before you put your car up for sale, be sure you are aware of any repairs that might be needed, even if you don’t intend to make the repairs before you sell the car. Knowing what the repairs will cost you will ensure you don’t take a low-ball offer on your car based on what your buyer tells you the repair will cost them.
4. Advertise your car online
Posting your ad online is the most common way to facilitate a private car sale. Thanks to leading online car marketplaces like Vietwheels.com, you can advertise your car for free which will grab the attention from the countless number of people that visit our website everyday. Click this link to sign up as a seller to advertise your car for free on Vietwheels. Once you sign-up as a seller, go to the seller’s section to advertise your car for free.
5. Include as much details about your car as possible
When advertising your car online, try to include as much detail as possible to attract customers. Here is a quick list of items or pieces of documentation you should have with your car:
· Essential details about your car: It is essential to mention the car make, model, year, mileage and condition of your car
· Include high resolution photos: A picture says a thousand words about your car. Make sure to take many high-resolution photos of the exterior and interior of your car.
· Proof of registration: You’ll need this when you finally sell your car to transfer the car to the new owner!
· Service logbooks: This is very important to have. It’s documentation showing when and where the car was serviced. It gives insight into how well the car has been looked after.
· Any original purchase documentation: This is nice to have to show owners exactly what was fitted to the car when it rolled out the showroom floor.
· Spare keys: Spare keys are quite important to have. Getting additional keys cut for a car can be quite expensive.
· All accessories including floor mats & spare tyres: Unless you’re keeping these accessories for your new car, these are fantastic ways to build more value into your car.
Once you have successfully listed your car up for sale you are ready to showcase your car to customers who may want to enquire and inspect the vehicle. When potential buyers are interested in your vehicle, the Vietwheels team will contact you and help you sell your vehicle for the price you are looking for.
We hope that this article will help you sell your car effectively and for the best price. If you found this article useful, please visit our other News and Reviews. On behalf of the VietWheels team we wish you all the best in finding your next dream car in Vietnam.
