Consider offering a vehicle history report. If you’ve taken care of your vehicle, and it’s never been in an accident, a vehicle history report can help emphasize how well you’ve maintained your car. Offering one to potential buyers saves them the expense of paying for a report themselves – a little thing that can mean a lot to buyers on a budget.
Selling privately – Private sale will likely ensure you get the most money for your used car. You’ll be able to set the price and won’t have to pay a middleman (the dealer) to sell it for you. Selling privately can be time-consuming, and you may have to invest some money (in the form of advertising) to make the most money for your used car.
Trade in – If you know you’ll be buying or leasing a vehicle, don’t want the hassle of trying to sell privately, trading in your vehicle may be the route for you. Be sure you’re confident you can negotiate a good deal because dealerships will often offer less for your used car than it might be valued.
This article is provided for general guidance and information. It is not intended as, nor should it be construed to be, legal, financial or other professional advice. Please consult with your attorney or financial advisor to discuss any legal or financial issues involved with credit decisions.
Pay off your auto loan right away if you can, so that you can provide buyers a fast transaction. If you need the income from the sale in order to pay off the vehicle, contact the auto loan company to find out the process for paying off the loan.
Get your vehicle detailed. For around $100, you can have a professional make your vehicle look its best. A clean, polished exterior and well-vacuumed interior will make your car look more appealing to buyers.
Donating – If your vehicle isn’t worth much, you may consider donating it to charity and taking a tax deduction Check out the IRS guidelines for vehicle donations to see if this option makes sense for you.
When it comes to getting rid of your old car, you have several options: trade it in at a dealership for a newer vehicle, sell it privately on your own, or donate the vehicle to charity.
Organize paperwork. Having your owner’s manual, maintenance records and title in order will help potential buyers feel confident that you are a serious and trustworthy reliable seller.
Conduct small but meaningful vehicle maintenance , such as have the oil changed, or replace the air filter. Be sure to keep the receipts so buyers know how recently the work was done.