When the time comes to replace your current vehicle, you have two options. You can give your current car to a dealership as a trade-in, or you can sell it yourself. If you choose the second option, know that you need to plan a strategy in advance if you want to make sure you sell your vehicle quickly, and get the price you want.
Speaking of price, that’s where it all starts. Indeed, pricing your vehicle correctly is a vehicle important step, and one that will determine how successful you are at selling your vehicle. The key, is to set a price that is both reasonable in the market, and that gives you some leeway to negotiate.
In order to set the correct price, you want to compare to equivalent models currently on sale. So, go on a few popular pre-owned vehicle websites and search for cars with the same year and roughly the same mileage as yours (plus or minus 10,000 to 15,000 kilometers). You also want to make sure the units you are looking at are the same version and have approximately the same equipment as your current vehicle. Take an average of the price these vehicles sell for, and you will have a good starting point for your vehicle’s price.
Next, you want to make sure you advertise that you are selling your vehicle. Make sure you place an ad on the popular pre-owned vehicle websites you checked to set the price, and don’t forget to share on social media.
Finally, take as many pictures as you can of your vehicle, and put as much information as you can in your ad. Don’t forget also to keep your vehicle clean in case there’s an unexpected demand for a test drive from a potential buyer, and organize your vehicle’s service history as well.
Thank you to Fifth Avenue Volkswagen for their help with this article.