After nearly two decades of ownership, your trusty old car has driven its last mile. While you may think your car’s age and condition make it completely worthless, this simply isn’t true. There are many buyers out there that will actually pay you for your used vehicle or its parts. If you have a junk car that you’re interested in unloading, here are four common pitfalls to avoid when making a sale.
No Proof of Ownership
If you are interested in selling your older model or junked vehicle, it’s important to have your title in hand before the sale. The majority of reputable buyers are going to want some proof of ownership before they purchase your car. Dig the title out of your file cabinet or home safe before you think about putting your vehicle up for sale. This can help you avoid any delays in the buying process. Proof of ownership will instill a sense of trust with potential buyers.
Avoid Posting it on an Online Classified Site
Many people are tempted to put their used vehicles up for sale on an online classified site. Unfortunately, this approach to selling a car might actually be more trouble than its worth. The buyers you find on online classified sites may not be the most dependable. For example, you may have a potential buyer that wants to come see your car on a certain day and then skips the appointment. Direct sales, rather than online sales may be a simpler option.
Not Understanding its Value
In order to get the highest sale price for your car, it’s important to understand its full value before you put it up for sale. One easy way to determine the current value of your car is to input its year, make, and model into a site like Kelley Blue Book. Kelley Blue Book will provide you with the most accurate estimate of your car’s current value, based on its age and condition. This can help you make an informed pricing decision before you put your car up for sale.
Opting for the Quick Sale
Many people put their old cars up for sale online or sell them privately just to unload them. Sometimes the quick sale isn’t always the best option. Consider taking a look at different salvage dealers locally and getting some suggested sale prices from them. This can help you maximize the sale price of your older model car.
If you are interested in selling your old car, consider working with a local salvage dealer in order to get the best sale price. To make the most of the sale, it makes sense to avoid some common pitfalls. Make sure you have proof of ownership for your vehicle, avoid posting it on an online classified site, understand its true value, and do your research before you sell it. Taking the time to research and work with a reputable salvage auto dealer is the best way to ensure you get full value for your older model car.
