Five tips for selling a vehicle

the conditions after the purchase of a used car change © SP-X

If you want to buy a new car, you have to think about what to do with your used car: will you sell it privately or to a dealer?? Here’s what you need to watch out for when selling.

According to a study, more and more people prefer to buy a used car rather than a brand-new one: while one-third of those surveyed still want to buy a brand-new car, around half are interested in a used car car from previous ownership. The rest is still undecided.

To ensure that people who want to change vehicles can get rid of their used car quickly and safely in the face of increasing demand, here are a few tips for selling it.

Tip 1: who is the best person to sell the car to??

In principle, the seller must decide in advance whether he wants to sell the vehicle privately or to a dealer. Both options offer advantages and disadvantages. the convenient and safe option is to sell to a reputable used car dealer.

This is how the car buying experts from wirkaufendeinauto explain it.De: "the sale of one’s own vehicle to a roadside dealer or a private individual involves numerous risks. You can’t rule out either payment fraud or problems with re-registering your vehicle."

This security is often bought by a slightly lower price. However, the cost of doing so is also noticeably lower. Despite all this, over 90 percent of car sales are still handled privately, as this article describes in any case, a lot has to be taken into account in a private sale: a vehicle description has to be drawn up, telephone calls have to be made to prospective buyers, and appointments for inspections and test drives have to be made. If interested parties then simply do not show up, it is annoying because of the lost time.

So if you prefer to focus on safety rather than maximum proceeds, you should opt for the car purchase decide through a dealer. Seriousness and reliability are more likely to be guaranteed in that case. In addition, it comes to a fast and convenient settlement without the effort that arises with a private sale.

Tip 2: what price should the car be sold for??

It is important that the sales price for the vehicle is realistic. A comparison with the prices of similar models with comparable conditions can help here. A calculation of the value of the used car is also helpful. If the private buyer or the dealer propose an amount, there is still the possibility for the seller to negotiate, because they know then rather, what their car is still worth.

If you also want to buy a new car from the same dealer, you can try to offset some of the cost of the new car by selling the old one at a high price. Therefore, the determination of the exact value is very important. Another option is to take out a loan for the purchase of the new car.

Depending on the financing model, the price of the sold vehicle could then already be used as a down payment for the new car, thus reducing the loan amount and the monthly installment as well as the total costs. In the case of the three-way loan, a down payment is made at the beginning of the financing, which is paid by the customer installment credit is followed by a monthly installment and a final payment. If, for example, the seller gets 10 euros for his car, he will be able to sell it for less.If the customer pays a down payment of 5,000 euros, he can save almost 1,000 euros compared to a simple installment loan or three-option financing without a down payment.

Tip 3: the car must be in good condition and have a checkbook

In order for the pre-owned car to sell well, it should be checkbook maintained its. This means that the vehicle has been maintained and has undergone regular inspection at the workshop. Thus, the term "checkbook maintained" is a quality feature of a used car and ensures that it retains its value. Therefore, the seller can ask for more money for a car that has been maintained with a checkbook. It is important that both the minor inspection and the major inspection have been carried out regularly.

During the minor inspection, the oil is changed and the windscreen wiper system, air filter and brakes are checked and topped up. During the major inspection, the lighting, underbody, transmission, axle drive, brakes and numerous other safety-relevant parts of the car that are affected by wear and tear are also checked.

If the inspections have been carried out at regular intervals, the seller should also be able to present the documents of the last inspections. Then there is nothing to stop it from being sold at a price that corresponds to the value of the car.

Tip 4: the car should look "like new

At used car sales the appearance is always decisive. A dirty car probably appeals to only a few people. If, on the other hand, it still looks "like new", this increases the chances of getting rid of it quickly and at a good price. For this reason, it is important to clean the interior of the vehicle with a vacuum cleaner and wash it thoroughly from the outside before the viewing appointment.

In addition, sellers can have minor paint scratches and dents removed. This may cost a little, but it is worth it because of the potentially higher sales price. But the car should also not be prepared too much, because this could give the impression that the seller has something to hide.

Tip 5: if the car is to be deregistered?

Although the seller is actually responsible for registering and deregistering the car, in practice this is often done by the new owner. However, especially in the case of a private sale, caution is advised: if the car is not immediately re-registered and the buyer has an accident with the registered car, the insurance company of the former owner is liable for the damages. Also the former owner will get a ticket first. Therefore, it should be contractually stipulated that the buyer agrees to immediately re-register the vehicle. To be on the safe side, the seller can inform the insurance company and the registration office about the change of ownership.

But even if an agreement is made, the previous owner never has a hundred percent guarantee that the other party will stick to it. In the case of a private sale, it is even better to take care of the deregistration yourself. It’s different when you buy from a dealer: they are usually trustworthy and will take care of the deregistration. In addition, the salesman does not have to worry then about getting a short term license plate take care to transfer the car to the dealer.

Conclusion

When buying a car through a dealer, the transaction is quick and safe. the value of the car can be calculated. a down payment makes it easier to finance the new car.

The used cars itself should have been regularly maintained and must look well cared for. In the case of a private sale, the seller should re-register the car himself, in the case of a purchase by the dealer, the dealer will take care of it. (AG)

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