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How to Appraise Pre-Owned Cars – Sellers’ Tips

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Selling pre owned cars keep changing with the passing time. The experience is quite different than it was 5, 10 or 15 years ago. There are a lot of things that need to be taken into account to ensure a successful sale. The good news is that internet classified ads and online appraisal tools have made the process more feasible and convenient. Therefore, if you are looking to turn your old car into cash within a short time, there are some simple appraisal tips for pre owned cars you need to know.

Research is Your Starting Point

Typically, the price you pick shall determine if you get multiple calls or no phone call at all. So, get started by researching the average price for your car’s model and brand. Sites, such as Edmunds, offer an appraisal tool to get a true market value private-party price. Some of the factors that are considered to reach the price include region, mileage, condition, brand and model. You can also search for vehicles similar to your on classified sites such as Craiglist, AutoTrader.com and eBay Classifieds to give you a better idea of the price range for your model.

Get a Professional Appraisal

If you are uncertain about the right price for your car, then it’s time to seek professional help. An appraiser will first carry out a full car inspection to check anything that might impact the price. He will advise on the best practice to setting the correct price or can give you a sale price. Keep in mind that it’s usually wise to quote higher because buyers tend to negotiate the price in chunks of about $500 to $1,000.

Get Ready for Sale

When you are comfortable with the price, you can approach car dealerships for a sale. There are so may dealer services that accept used cars in exchange for money or another car. If that’s not a good option for you, you can advertise it online on Craigslist or eBay Classified. Consider other forms of advertising like placing a “For Sale” sticker on your car’s window. For an online ad, make sure to upload enough photos of the car to allow buyers to review the car easily.

Today, it has become quite easy for owners to sell pre owned cars. The overwhelming part is setting a price that will attract potential buyers. Once, you have gotten everything right, you are certain to get many calls from buyers. Keep in mind that you want a check or cash that is worth the value of your car.

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