Don’t Sell To A Dealer
If you are considering trading-in your current car on a new one purchased at a dealer, think twice. It’s a well-established fact that you can get more money for your used vehicle by selling it privately. Car dealers need to make money on the used cars they take in trade they buy low and sell high. They’ll give you as little money as they can for your used vehicle, and since they negotiate every day, they’re probably better at it than you are. There may be exceptionsespecially if you have a relatively new car that’s coming off-lease. But the biggest thing a dealer has to offer is convenienceone-stop shopping that enables you to trade-in your old vehicle on the spot and avoid the work of selling it yourself. But that extra effort will be worth it.
How To Get A Fair Price For Individual Car Parts
Getting what you think is a fair price for your junk car or car parts can be difficult if you dont know their value. For that reason, it makes sense to look up the prices of used parts for your specific cars year, make and model. Search online for a few places that offer used car parts, and take a look at the pricing for parts you believe you can sell.
After youve researched prices, make a detailed listing of the parts you want to sell. Make sure theyre clean and take pictures from multiple angles to show the true condition of the part youre selling. Once your listing is complete, post the part for sale on multiple websites or put it up for auction on a site like eBay Motors.
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How Much Is Your Car Worth
The first step of selling your car is working out how much your car might be worth.
You can get an idea about the possible value of your car from the following websites:
Its important to remember these are only estimations and there are several other factors which might affect the value. For example, any damage, quality of the tires, service record and how long is left on the MOT.
But there are other things you need to take into consideration when valuing your car.
For example, it might take longer to get the best possible price for your car. So, if you need money quickly, you might want to consider selling at a lower price.
How Do I List A Used Car For Sale Online
Most Canadians start their used car search online. In fact, Canadian car shoppers spend 63% of their vehicle research time online, and 42% of them visit a listing site first .
By posting your vehicle on popular listing sites like AutoTRADER, Kijiji or Used.ca, youre putting yourself in front of potential buyers. Set your vehicle apart from the rest with a clear, concise ad that includes great photos and a CARFAX Canada Vehicle History Report . 81% of online VHR-viewers will disqualify a vehicle with no vehicle history report attached to the listing, so keep yourself in the running by making sure your ad contains all the information a buyer is looking for.
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Should I Sell My Car Fast Or Pay For Repairs
If you have recently been in an accident or your car requires extensive repairs, it can be tough to decide between paying the costs of repairing your vehicle or selling it to access fast cash to purchase a new vehicle. You may be tired of pouring money into your vehicle, but it can be hard to make the decision to throw in the towel and simply buy a new one.
However, its important to consider the continued costs of repair and maintenance, especially for a vehicle thats already been through the ringer. The costs of repairing a car can be immense, and the average expenditure for fixing damages can quickly add up. Even if youre consistent with maintenance and take top-notch care of your car, there are some costly repairs you simply cant avoid. This is often as a result of time itself or excessive wear resulting from regular driving patterns. Whether your brake rotors need replacing or your electrical parts stop working, youll find yourself forced to replace or pay to fix certain car parts regardless of your maintenance routine.
According to Audatex, an independent company that provides important data to insurance companies, the government, and repair shops, average car repair costs can easily extend into the thousands.
Gifting A Car Vs Selling For One Dollar
As you’ve seen, you’ll need to take similar steps whether you’re gifting a car vs. selling for $1. However, gifting your car to your daughter can work out better financially since it avoids the vehicle sales tax. However, do be aware of any gift tax for which you may be responsible. If you do proceed with selling it to your daughter, first check your state’s rules for sales tax on used vehicles so that your daughter has an idea of how much money she’ll need to pay when she goes to transfer ownership.
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How Sell Your Car For Parts Carbrain Program Works
Selling your junk car to CarBrain is fast and easy. All you have to do is click get offer to receive a quote for your vehicle. You can fill out the form and get a quote in under 90 seconds. If you like the offer, you can contact our buyers to schedule a pickup time for your vehicle.
Not quite ready to sell? Thats okay. CarBrain offers are guaranteed for seven days, so you have time to think it over. When youre ready, you can reach back out to us to begin scheduling your pickup.
Well offer you a fair market price for your vehicle. There are no hidden charges, no hidden fees, no haggle and no fuss. Selling to CarBrain is the modern, safe and simple way to sell your junk car fast. Why wait? Get started today.
Price Negotiation Tips To Know
Selling your car to a private owner means youll need to know how to negotiate the price. Always let the buyer take the lead in any negotiations. If youve given yourself some padding on your asking price, it gives the buyer room to counteroffer if they havent accepted it outright.
Use these tips to negotiate: Determine your lowest acceptable offer, be realistic in price and bring all the paperwork for the car just in case the sale is immediate.
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Support Throughout The Entire Process
CarGurus helps eliminate some of the hassle that comes with selling a car. It provides dedicated support from start to finish, starting with helping sellers easily estimate an asking price. Once you find a buyer and agree on a price, CarGurus helps walk you through the transaction process in just an hour, allows you to receive payment through the CarGurus platform and can help you create the car bill of sale.
Advertising Tips And Tricks
Listing your car for sale on Kelley Blue Book and Autotrader will help you reach the largest possible audience. If you want to sell your car quickly and get top dollar, you want to get it in front of as many shoppers as possible.
A detailed description and an array of clear, crisp photos of the cars interior and exterior help your car advertisement stand out to buyers. When writing, highlight the most in-demand features and why youre selling the car. Use these tips for your car ad to help your car sell faster.
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What Can I Do With My Damaged Car
If you have a car with problems on your hands, you might be thinking about selling it for parts. At CarBrain, we know how to provide you with fair prices for your car and its parts without the hassle.
At CarBrain, we bring transparency, reliability, honesty and ease of use to our clients. Our goal is to educate damaged car sellers about the value of their vehicles and provide a smooth, hassle-free experience of selling them. You can get an offer, sell your car and get paid in a matter of days with our client-first service.
We invite you to read through this resource page. If you have specific questions, feel free to call us at and talk to us. We will be happy to give you our fair-market evaluation of your damaged car.
An Easy Way To Decide If It Is The Right Time To Sell Is To Find Out The Current Value Of Your Car And The Immediate Or Expected Repairs And Maintenance In The Next Six Months Or A Year
good priceWhen should you sell?When maintenance costs are low:scrappingWhen resale value is high:When usage drops significantly: When affordability falls:When should you scrap it?certificate of fitnessHow to scrap a car: 5 things to know before doing itBest way to selldealersTransfer insurance & benefits:
Read More News on
How to save tax for FY 2020-21.)
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How Do I Finalize A Private Used Car Sale
Youve found a buyer thats agreed to buy your used car. Now youre ready to hand over the keys but before you do, you need to officially finalize the sale. Each Canadian province has different regulations when it comes to transferring ownership. Be prepared with the required documents such as a used vehicle information package , safety standard certificate, bill of sale, emissions / Drive Clean test, transfer/tax form, etc. Depending on where you live, the requirements are different, so weve compiled the steps and information that you need to know, as well as provided links to the appropriate websites. When in doubt, its always best to contact your provincial government to make sure you and the buyer have covered your bases.
Set Up An Online Auction To Sell Car Online Like Never Before
An auction-based trading platform QuickSell, is conceptualized with all the nifty features to aid the car owners to sell used car from the very confines of their home.
What makes QuickSell a stand apart product is the tech integration which makes the overall process a seamless one. All the pain points associated with selling old cars are made negligible for the users to post their listings within a few minutes. Once you get started, you come in direct contact with the extensive directory of 3 lakh auto dealers and also with the online users who browse through the online portal every day looking out for exciting options.
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Checklist For Car Sale Paperwork
If you are selling the car yourself, this is the list of paperwork you need for the sale.
First, gather the vehicle title and check DMV rules in your state and that of the buyer to learn how to manage the car title transfer. In many states, the buyer needs to retitle the vehicle, register the car and pay transfer fees, including state taxes. All these steps can be completed at the buyers state DMV site.
Be aware that most states require the seller to provide the buyer with a current smog check or state inspection certificate for emissions. It must show the vehicle passed the test prior to you transfer ownership of the car.
Sellers also must notify the county tax assessors office of the sale. This provides another layer of protection if the future owner fails to properly title the vehicle.
Private Or Dealer Sale
As described earlier, you can sell your car to a private party or you can choose to sell it to a dealer. While we recommend the former, selling to a dealer is simpler and easier: You contact the dealership, have them inspect your vehicle, and agree on a price. The range of dealers that would be interested in buying a used car includes brand-name car dealerships that sell new cars, independent used-car dealers , and companies that sell used cars online . But most dealers want relatively new cars they’re not interested in older, high-mileage vehicles. So even if you would rather follow this low-effort path to sell your vehicle, it might not be possible.
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How Do I Get A Car Ready For Sale
If you decide to sell your car privately youll have to attract buyers to make a sale. Make sure your vehicle looks its best in your online listings by giving it a good wash and taking great photos that emphasize its best features. Wait for a clear, sunny day and make sure you snap those pictures in a clean, well-lit environment. Have the vehicle detailed and clean out any stuff you have laying around no one wants to smell your hockey equipment or last weeks Tupperware when they open your trunk before the test drive.
How To Prepare Your Car To Sell
Addressing anything broken, from cracked windshields to noisy exhaust pipes will help you prepare your car for selling. That is, unless you plan to sell your car as is at a reduced price.
Another way to prep your car is to get it professionally detailed. This is one more way to reassure potential buyers that theyre getting a clean car. A professionally detailed car could help you increase the sales value.
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How To Get The Most Money When You Sell Your Junk Car
Maybe its your beloved rusty ride from high school, or your trusty old commuter car that requires one major repair too many. Whatever the cause, youre stuck with a junk car and you need to sell it.
At Carfax, were focused on vehicle data, and we know how a cars condition and history affect its value, even one thats ready for the junkyard. We help millions of people every day buy or sell the right car at the right price.
What can you do with a car that doesnt run, or a vehicle that seems too worn out to be of any value? How can you make sure you get the maximum amount of cash for your junk car? Lets examine the steps you should take, and your options.
Are Kelley Blue Book Values Accurate
The question Whats the Blue Book Value? has been part of buying and selling a car for over 90 years. And simply put, no one has more experience with vehicle values and pricing than Kelley Blue Book. Weve been the go-to source for both consumers and the automotive industry since 1926. We leverage massive amounts of data, including actual transactions – then adjust for local market conditions and seasonal trends. Our values reflect both wholesale and retail transactions to provide a 360 degree view of the market. We update our pricing at least weekly to reflect the market and give dealers and consumers the most up-to-date pricing.
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Set A Competitive Price
By checking the car model pages at ConsumerReports.org, you can get a good idea of what the retail and asking prices are for your vehicle. Take it a step further and browse the CR Used Car Marketplace to review comparable listings in your area.
If you checked to see what a local dealer would offer on a straight-up sale, you should have plenty of information to price your car reasonably. Remember, it’s always smart to price your vehicle just a little bit higher than what you are willing to take for it. That way, the buyer can negotiate for a slightly lower price and feel good about it. Don’t be greedy, though. You could scare off potential buyers who don’t think they have a chance to negotiate.
Have The Proper Paperwork
The paperwork requirements for selling a car vary from state to state. In some states, transferring ownership of a vehicle to another person is a simple process of entering the odometer reading, sale price, and your signature on the back of the certificate of title. In other states, you must fill out official title-transfer forms. Contact your state’s Department of Motor Vehicles to see what you should do.
If there’s an outstanding loan on your car, you and the buyer will have to go to your lender and make sure the lender gets its money before you get what’s left. In some states, the lender holds the title until the car is paid off. And a bill of sale is often required by the buyer for sales-tax purposes. Contact your state’s DMV to see if there is a specific bill of sale form. And always keep of copy of the final document for your records.
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Negotiating When Selling Your Car
If youre selling your car privately or to a dealer, the buyer is likely to want to haggle about the price. So, dont be caught off guard read our negotiating tips below so you know how to use to maximise your cars value without losing the sale.
For tips on negotiating when buying a car, read the Which? website