Tuesday, March 29, 2011

"How to sell your car and get top dollars"

So you are strapped for cash and you ready to part ways with your used vehicle. so what do you do? Well you sell that son of a gun for top dollars
Selling your car could look like a very daunting task but in all actuality, it is very easy and actually quite fun.  In fact you can sell your car to a direct buyer on-line and that can be an excellent way to come up on some badly needed cash.

So your car is already been paid for, the first thing you would want to do is maybe invest a little bit of money upfront to make the car a little bit more attractive and or marketable. It's all about the the "Presentation". Go to Maaco's and get a new paint job ($200-400 ) get it professionally detailed (roughly about a $150) go to a junk yard and maybe swap the seats ($20), put in a brand new oil change plus top off the fluids ($30 or so), put some new shoes on that bitch ( hub caps for $24), new floor mats ($20), a nice bath ($4 car wash) and some cologne($1 lemon car scent leaf) to make it smell good and maybe a full diagnostic test done on it so you know what you up against. That will tell give you an idea on the overall condition of your car. So let’s say if the engine, motor, transmission, gasket and the major parts are at huge risk of failure, you would then know to be very negotiable when you have a potential buyer. But if the test comes out pretty reasonable given the age, mileage and fair condition, then you know it would be wise to stick to your guns and go for the great cheddar.  I mean after all knowledge is power. One can’t tell you how bad your car sucks hence low ball you nor assume because after all documentation beats conversations all day long. So let’s get the meat and potatoes on how it’s done, the process of how to sell a car once you have your chips lined up
1.       Get a good camera and take 4 good pictures of your car ; exterior front, interior front (make sure it captures everything, dash, mirror, steering wheel and etc… interior back, exterior side and add more if you like
2.       Assess your car and really ask yourself how much is my car worth? How much would you like to get for it? What is my bottom-line selling price?
3.       Focus on the mileage and the age of the car and play with some #’s. Ex, you have a 1995 Toyota Camry and it has lets say 190,000miles on it. Well they say, that in order for the car to be in a good shape no more than 15-20K miles a year should be driven on it so what you do is take subtract 2011 from 1995 and you get ”16” and that's how old your baby is. then you take that and divide it by 190K that gives you 11,875K miles driven per year which falls short of 15-20K bracket. That means your car is in good shape and so you can price it right and defend your position during a full fledged negotiation
4.       Go to the used car link @ Kelley Blue Book and determine what they suggest given the info you provide such as the year, make, model, year, overall condition.
5.       Get that price and maybe add what you have spent on the touch up you invested and set a price.
6.       Find out your bottom line # if push came to shove.
7.       Create multiple Craigslist account. The site is so huge that once you post your ad there will be 100 people doing the same thing right after you which means your ad will probably be on page 2 by the end of the hour. So to stay fresh, hot and on top of the list you gotta keep posting ads. Now if Craigslist finds out you are putting the same Ad over and over again, it will stop you short on your tracks so that’s why I suggest you decoy it by switch the wording around, the ad around, even the way you write your phone #. Ex 404-123-4567 or do fourzerofour-123-4567 or 4----0---4---1---2----3---4 or just spell it out then that way all the HATERS will get thrown off. Lol but at some point in time they will catch up to you and so there is a possibility they can kick you out lol but oh well ask your friends to see if you can create an account using their alias.
8.       Post a good AD. Put every info you can regarding your car. Make, model, year, color, engine size, any features and any selling point. Be thorough. Educate them, use psychology, explain that you have documents to back it up, clean title and etc,,, how long you have owned it, your price
9.       So now you sit back and wait for the phone to ring of the hook. And it will get. Get on interview mode because not everyone is going to be your customer. All you need is 1 customer. As much as they will grill you on 20 questions, you should do the same to them, find out who is serious, who will waste your time, who is that person who will kick the tires. What you are looking for is someone local, ready to buy, money is not an issue, I am ready to buy a car, I needed it last week, I have been looking, I have done enough test drive type of guy or gal
10.   So you find a prime candidate, schedule attest drive at a neutral spot in public lets say the shopping mall so that its safe, during the day
11.    Conduct your test drive. Try to Sound confident and take ownership of your car. Let them know you will be missing it, Let them know you will be happy to negotiate and what Blue book suggested. DO NOT OFFER WARRANTY. Emphasize you are selling it “AS IS” let them know you have another person who is interested in buying it later on today (bullshit if you have to) so they can feel the pressure a little.
12.   Discuss #’s Do not sound desperate. If you know they have gave you a reasonable offer something remotely close to your # then take it right away because in all actuality whatever concerns that they have, they are probably right. It might be another 2 weeks before you might have another potential buyer
13.   Write a Bill of Sale; put every info on it, date, transfer of car and title with signatures.
14.   Have one copy for yourself just in case you get sued (lol)
15.    Do not accept checks/money orders/I owe you’s/gold/rocks Just some good ole American Cash

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