Selling Your Car

Things To Consider When Selling Your Car

There are many reasons as to why you would sell your car. The most exciting of them all is the fact that you’re probably planning on buying a new one, so you’re trying to recoup a few hundred bucks by selling old Sheila here. A lot of people think that selling your old car is backbreaking work. But it doesn’t have to be if you follow the tips in this article.

This article will showcase the things to consider when selling your car in the Australian market. These tips apply to any market, but it focuses on the Aussie. So without further ado, let’s get right into it.

Registration

Img Source: bankrate.com

A lot of people have trouble selling their car because of registration issues. As you all might know, registering your car costs money, and a lot of buyers are looking for cars that have at least 3 months of registration left on the car. If your car is not registered, by doing so you are drastically increasing the chance of getting it sold without any problems.

Presentation

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In the business and marketing world, presentation is what gets you funds and approves projects. The same goes whenever you’re trying to sell your old car. Namely, you have to make a good presentation of your car if you want to sell it. Maximizing the appeal of your car will increase the chances of a potential buyer giving you a call. Give it a good polish, have it serviced, and take nice pictures. By doing all of this, a potential buyer will see how nice your car looks, and will be more inclined to giving you a call enquiring about your car.

Price

According to PriceMyCar, the price that you set is very important in negotiating the sale of your car. You can check their website, add your car model to the search box and see the price that your car usually goes for.

Img Source: mandurahmazda.com.au

You can also view what is the price that people with the same car model are selling their cars. This can be a good starting point for your negotiations. When talking about price, a lot of factors play a huge role in it. The state of the car is the most important factor, how old is the car, what’s the mileage, is it services, etc. You have to remember one thing and that means that people are price sensitive. If you’ve bought your car two years ago for a price of $4,000, and you’ve added another grand on servicing, that doesn’t make the car worth $5,000 – at least not in the eyes of your buyers. According to statistics, somewhat new cars (between 0 and 5 years old) go for about 60%- 80% of the original car price.

Time and Place

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There are certain periods in Australia where it’s considered a “suicide” to try and sell your car. Namely, from April to July is the worst time to sell a used car in all the major cities in Australia such as Perth, Melbourne, and Sydney.  Why you might ask? Well, it’s because; the cities are very quiet during the autumn and winter periods. For selling a car in Darwin and Cairns, December to June is the cemetery shift for car selling because it’s the wet season. And the months are similar to Brisbane and Adelaide.