Buying or selling a car is a lengthy process. Both take time and months of preparation and require paperwork. But selling a used car to a potential buyer requires double effort, more paperwork and patience. But not every seller can wait for months for the best deal.
For example, if a seller is out of a job or needs a lot of money to make payments immediately, that person will prefer to sell the car as quickly as possible. While selling used cars requires time, following some tips may help a seller sell a used car quickly. So, here are some tips for selling a second-hand car fast.
1. Get Your Car’s Valuation
Cars lose their value after using them for three to five years. But the depreciation rate of a car varies depending on its brand. Whenever you decide to sell a used car, checking its present value in the market is the best thing to do as a seller.
These days there are various platforms offering car valuation online. All you need to do is provide some details of the car and get its value checked online. You can also contact the local showroom or a local dealer having expertise in selling cars of the same brand as yours. They can check the car and provide you with a value.
2. Prepare The Required Papers for Selling
Initallialy selling a used car may not look like a hassle. But once the final deal about the purchase is done, it requires numerous papers to proceed with the sale and payment process.
However, if a seller is in a hurry, at least being a little prepared can ease the process. So, we suggest you collect the following papers to make the sale fast:
- A pink slip is necessary to prove that a seller has the legal right to sell the used car. So, contact your local RTO or any automobile authority and ask if you need to obtain a pink slip to avoid any surprises later.
- If the vehicle was bought on loan and you have not yet paid the loan money, contact the lender to learn how to arrange the sale and if the loan can affect the sale negatively.
- After finalizing the deal with the buyer, contacting the RTO or any state department to know about the car’s registration certificate transfer becomes very hectic. So, it is better to contact the RTO or the available state department of the vehicle before to know about the process, how many forms you and the buyer need to fill up, how much you need to pay, etc. This small step can later help the selling process smooth.
- When buyers come to check a used car, they do not just check the insurance certificate, the car’s interior, exterior or engine, but also the vehicle’s history report. It is crucial to understand how often the car has had accidents, etc. So, order your vehicle’s history report before you put up an ad.
3. Set a Discounted Price
A seller who wants to sell a used car as fast as possible must adjust with the price. After using a used online car value calculator like CARS24 or checking the car’s present value on any reliable platform, you can set a discounted price to attract the attention of potential buyers. For example, if your car’s present worth is 4,50,000, you can set a 4,20,000 price.
But this can also invite a problem. Various buyers may become a little suspicious for setting such a low price. You can show them the car and explain its features to gain their trust. Also, you can tell them why you want to sell the car quickly. After all, sometimes, being honest while selling something pays off.
4. Create Impressive Ads
One of the best ways to sell a used car is to gather people’s attention. And the best way to do that is to create ads that impress potential buyers.
Take as many good photos of your car as possible, and post them on the online car-selling platform. Remember to take photos from every angle. For example, click a photo from the front side, and take one from both sides and behind. It will provide the buyers with a clear look of the car. You can also click some images of the interior, exterior, trunk, engine, the car’s odometer, and tires. All the images of the car will help the buyers to trust the seller, which can speed up the selling process.
5. Make The Car Look Appealing
The word ‘used car’ tends to bring a lot of suspicion in the buyer’s mind. As a result, they focus on observing every part of the car. So give the car an appealing look.
By providing an appealing look to your car, we do not mean you need to fix every small scratch or dent. You can wash and vacuum the used car to remove the dirt. You can also paint it a few months ago to give it a proper look. In short, maintain the car in a way that impresses the buyer after seeing it for the first time.
Also, please focus on the car’s engine, seat, safety features, infotainment system, wheel, etc., so it can impress the buyer after sitting inside the car for the first time.
6. Contact Reliable Local Dealers
Those sellers who want to sell their used cars as fast as possible can contact local car dealers to speed up the selling process. Numerous used car dealers wait for the opportunity to crack the best deal and stock up their showrooms with the best-used cars.
You can search for the best-used car dealers online, read about their services, and check out the reviews to understand if they are authentic. If you like the reviews, contact them and ask them to come and take a look at the used car.
Selling a used car to a local and reputable dealer simplifies the selling process. Simply put, once you hand over the used car to a private dealer, the car will be checked thoroughly, and you do not have to waste your time on ownership transfer. The private dealer will do everything and provide a fixed amount to you.
7. Sell The Car to a Friend or Relative
One of the best ways to sell a used car is to sell it to a relative or a friend. The entire selling process, meaning the RC transfer, payment, everything becomes easy when you approach a close friend or a relative to sell the car.
But it has a downside too. Sometimes, a friend or a relative may not pay the entire money at a time. Instead, they can pay you half of it. If you are okay with it, this is the easiest and fastest way to sell a used car.
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Conclusion
Selling a car, especially a used one, is not easy. It takes effort, a lot of paperwork and, most importantly, time. However, sellers who are in a hurry and want to speed up the selling process can go through the tips mentioned above to sell their used cars quickly. Planning and taking smart steps can help you sell your used car within days.