3 Step Guide to Selling a Car Privately

Selling a car is no easy task and it certainly isn’t one that you should undertake lightly. But if you do decide to sell your car privately then there are a couple of things that you should know. After all, there are numerous routes that you can take and making the right decision will certainly impact your level of profit. Here are some tips to help you sell your car quickly.

You must provide the right information to buyers and DVLA when you sell a vehicle. Before you sell the vehicle make sure to update your log book (V5C) if you’ve changed your name or made any changes to your car.

Advertising

Getting your advertisement right is the key to selling your car privately. You should never exaggerate claims about your car, and you should always be honest about its condition. A thorough clean can go a long way too, in case any of your buyers come to inspect the car. Another thing that you can do is make sure you research the price of your car too.

Some of the most popular ways of advertising that you’re selling a car includes:

  • Displaying a ‘for sale’ signs in local shops
  • Listing your car on auction sites (e.g. eBa)
  • A ‘for sale’ sign in your car’s windows
  • Posting in your local newspaper’s classified ads
  • Listing on car-selling websites (e.g. AutoTrader or Gumtree)

If you set an unrealistic price, then your advertisement won’t be competitive, and a lot of people won’t even think to contact you about the vehicle. On the flip side, if you price it too low then you may miss out should your buyer decide to haggle.

Meet with Potential Buyers

If you are selling privately then you need to be aware of any potential fraud or theft. You also need to take certain precautions when someone does come to view your car too. For example, if you know that someone is going to take a test drive then you have to make sure that someone else is in the car with them as this will help you to feel more confident.

At this point, it’s also a good idea for you to check your insurance policy. If the driver does have some kind of insurance that allows them to drive other cars then ask to see their policy and also make sure that if something does happen, you and your car will be covered.

Selling a car

Payment

If you are getting paid in cash for your vehicle then do your best to carry out the transaction at the bank. You can then deposit the money immediately and it will also give you the chance to check the notes for forgeries. Electronic transfer can be a very convenient way for you to do things, but it’s best not to release the keys to the vehicle until the money has completely cleared and in your account.

Buying a New Car

After selling a car, it may be tempting for you to buy a new one. If this is the case, then it’s worth checking to see if your dealer can offer you a deal on your old car instead. This will take the stress away from you having to sell the car privately and will help you to get more money too.

Of course we understand selling your car can be stressful. To get ahead of the game, its best to consider a pre purchase vehicle inspection. Read this pre purchase inspection guide for more info. 

Need more help selling a car?

How to Sell Your Car Privately

Insuring A Car Abroad: A Simple Guide

Genius Ways To Make Money With Your Car

Signs That It Is Time To Buy A New Car

Worried About How Much Your Car Is Costing You?

Of course, selling a car can be a daunting experience but if you take your time and if you explore all of your options then there is absolutely no reason why you can’t make the best decision.

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