Just like buying a new vehicle, selling one can also be quite daunting. This article will tell you how you can get the most out of your transaction when selling your used vehicle. As we all know, once a new vehicle leaves the showroom, its value begins to depreciate.
Therefore, we have brought you facts to consider before, after, and during the process of selling your beloved asset to someone else. As these steps and tricks will help you get the most out of your desired deal.
So, let’s start reading:
when to sellNote: Keep in mind that the value of your vehicle depreciates over time. Even if you don’t use your own vehicle much or take good care of your beloved asset, you are still slowly and gradually aging. And therefore its value is decreasing more gradually. Therefore, as the owner, you need to decide how long you want to keep the vehicle with you, as a three year old vehicle will definitely give you more money compared to an older car.
There are also other factors that decrease its value, such as quality, appearance, etc.*
Before selling: After you decide to sell your vehicle and before you sell it, consider the resale value you expect to get for your vehicle from the buyer while you sell it. You can consult online as well as consider professional help for the exact valuation of your vehicle.
Also, if you haven’t had your vehicle serviced in a while, have it serviced and replace any defective or non-functioning parts. As no interested buyer would be interested enough in the screeching sound and non-working parts of his vehicle. And also, with top functionality, all things in good working order give you the edge, so you can meet your asking price.
To some extent, you can go through these points to increase the value of your vehicles:
wax, wax
bright lights
Chips/cracks in the windshield
Brakes
shiny wheels
internal works
Put your papers in order
make easy fixes
Don’t have a scratch and a dirty tooth
Dealing with potential buyers: Just as it is not advisable to buy a vehicle from a used car dealer, it is also not advisable to sell it to one. As they tend to give you a low value of your vehicle, so that they can sell it at higher prices later, making a profit.
You can always go through the process of selling your used vehicle with organized players for a better transparent transaction experience at optimal prices. Just like through our services, interested buyers can bid on your vehicles and you can choose the minimum amount you want for your asset.
You can also check out the number of other services, such as the Private Treaty Facility, where the professional team closing the deal bridges the gap between seller and buyer, while maintaining full transparency throughout the transaction on record.
Token money: If you find the potential buyer interested in your vehicle, ask him for the token money and give him a convenient expiration date to organize the rest of the money and give him the car keys only after full payment.
Paperwork: Engaging in legal work during a car sale results in a large amount of paperwork that should not be delayed and taken for granted by the seller. Therefore, we bring you the list of documents that you need to verify when selling the vehicle to the buyer along with the paperwork:
car ownership transfer
Finance company NOC if applicable
Copy of the delivery note
original registration certificate
RTO tax certificate
Insurance policy (update insurance company on transfer of ownership)
Copy of the car invoice.
Car Owner’s Manual.
Car service history.
Application to the RTO for a NOC if the buyer’s residence is in another RTO’s area of ​​jurisdiction.
Do not forget to give these documents to the buyer for a successful and ethical transaction and also for your personal property. As paperwork, implement that ownership has been transferred and you will not be dragged into any matter including your ex-vehicle, be it an accident/criminal offense etc.