How to sell a car to the car buying companies?
If you don’t want to sell your used car privately, then take it to the car buying companies also known as dealerships. Every company has a different policy. Some will buy any vehicle, while others will only trade them. Ideally, look for a dealer that will buy your car, regardless of its model, condition, make, size, shape, and color.
Thanks to the Internet, there are easy ways to sell your car than ever before. If you’re in a hurry to sell, it’s often a matter of trading price for time and convenience. And if there aren’t any other overriding concerns, you can get the best price for the car.
Selling your car
Selling your car can be an intimidating experience. But there is no reason to be afraid. With some knowledge and a few guts, you can get the most money for your car.
Here a few pointers on how to go about doing it:
Get a car evaluation
The first thing to do is to find out what the car is worth.
You should start by visiting a couple of trusted websites to check the value of your used vehicle. Many car buying companies give free car valuation. All you have to do is provide basic information about your car, such as registration number and mileage along with your contact information. These evaluations will give you a valid, accurate and fair price for your vehicle.
Certain factors will obviously influence the price. Model, make, and the year is high points, but so is the condition of your car (interior and exterior), mileage and comprehensive maintenance records. If you’ve done major scheduled maintenance, such as a timing belt replacement, it will go in your favor.
Similarly, if there have been multiple owners, recall checks or accidents, they may negatively impact the price.
Get a quote
You will get an online quote for your car. Usually, the price is valid for a specific amount of time. If you are satisfied with the offer, set an appointment with the company representative. Someone will come and have a look at the car. The expert will inspect it and check all document before finalizing the deal. This includes the car’s title, service/maintenance records, registration and anything else a prospective buyer might want to see.
Once everything is agreed upon, you can either collect cash in exchange for your car, get a pay order, or have the amount deposited into your bank account. Immediate payment is guaranteed. Some car buying companies even offer to collect your vehicle for a designated spot. After all, they aim at making this process as simple for you as possible.
Improve the value of your car
Before contacting a dealer, you should consider the following points to increase the value of your car. In return, you may be offered a better price. And if you’re looking for a quick sale, the process can be expedited, especially if your vehicle is in mint condition.
Fix what you can
During the inspection, a dealer will find flaws and use them against you in the negotiation. If there are small repairs required such as an oil leak coming from a valve cover gasket or if a tail light is out, replace it. If there are a few scratches on the body, find a bottle of color-matched touch-up paint. But if your car needs more serious work, such as transmission work, leave that for the dealer. Any major issues will lower the value of your vehicle. Besides, the dealer can perform these repairs cheaper than it would cost you to fix it.
Clean cars look well-maintained, and well-maintained vehicles sell for more money. Making a good impression increases your chances of a better offer. You’d be shocked to know how many people ignore the obvious and try to sell dirty cars. Thoroughly tidy up your vehicle both inside and out. Pay attention to seats, carpeting, glass, and dashboard. Make sure it doesn’t smell like smoke. Steam cleaning, vacuuming, a car wash, and a fresh coat of wax can make a whole lot of difference. Remember, remove all personal items and ensure that the owner’s manual, lug nut wrench, jack, spare tire, etc. that came with the car are still in their proper places.
Keep up maintenance
Cars that have scheduled maintenance retain more of their value. Ensure that all routine work has been completed and recorded. Top up all fluids such as oil, transmission, antifreeze, brake, and windshield washer. Check the condition of the tyres; make sure that they are in good shape. If they are worn down, consider replacing them with used or new ones.
The time when you sell your car matters. Finding the appropriate time is important. For example, convertibles will sell for more in the spring than in winter, when inclement weather will force the demand down.
Lastly, be truthful about the condition of your car. But don’t volunteer too much information. The dealer has access to databases, so they’ll know about any accidents. Plus they have mechanics on their team who will inspect every angle of your car.
As a reminder, be realistic about the value of your car. Know what your vehicle is worth, and don’t be afraid to negotiate. By getting multiple valuations, you can play the information against other dealers, levering yourself with a competitive price. The advantage of selling to a dealership rather than a private seller is that a dealer is more likely to want your car. They have enough money on hand to buy it right away. But keep in mind the car buying company has to make a profit off of the transaction as well.