Posts Tagged ‘best price for car’

Guide to Sell My Car

I have been driving the same car for over a year now and my friends now refer to me by my car’s model. Although I love it so much, I have to say goodbye to it so I can get a different model with better advantages. In order to sell my car I need to understand how to go about it to avoid spending more time with it. I need to put it up in the market as soon as possible and from the advice I get from most of my friends, here is what I have to do in order to sell my car quickly and for the best price.

First, I need to make a decision on where I want to sell the vehicle. According to my advisers, there are various options. I could sell it on the print media, which is, making use of newspapers or car magazines. Similarly, I could sell it on the high street where I park it in a lot used exclusively for the display of vehicles on sale. The third option involves making use of the internet where I can place my advertisement about my car on websites dealing in sale of cars. All these channels would focus on creating awareness about the availability of my car for sale and would surely expediate matters to sell my car quickly.

In order to decide which of the above channels is best, I need to establish my target audience. In this case, the target audience would be the age group that is usually associated with my car model. Once I have established the age group, then I can settle on the selling channel to reach to this age group. If my car were for the young people then the internet would be ideal because young people flock the internet to make use of the social networking.  The newspapers would target a different age group and so would the bazaars. In addition, you need to establish whether to advertise depending on the weather conditions.  It would be difficult to sell a sports car in winter even though you have targeted the right age group that makes use of them.

The next step will involve formulating the advertisement. The advertisement should bear the price, age and mileage of the car. The present condition of the vehicle is also required.  In order to come up with the price I will compare the prices of the available like models on various platforms so that I can come up with a price that is not too expensive for my potential clients. I should also ensure that the price is negotiable. The age of my car should be truthful because the clients may request for a professional inspection to which I cannot decline in order to close the sale. Similarly, the mileage should be truthful while bearing in mind that a vehicle with a higher mileage could call for a cheaper price. A higher mileage spells the need for proper and expensive maintenance. The condition of a vehicle also dictates the price of the vehicle where a poor condition calls for a lower price.

The things to keep in my mind when I want to sell my car include where I want to sell it, to whom and what is it that am selling to them in terms of price and condition.

Selling Cars Using Blue Book Values

A car is usually a lifetime investment that is why when we are selling or buying we put a lot of consideration on the price and think many time “how much shall i sell my car“. There is always a variation of price depending on where you are selling the used car.

A lot of factors go into play when establishing these prices that is the year the car was manufactured, the make of the car, mileage, general condition of the car and many more.

As individuals we may not know the real value of our cars and through the blue book we are able to estimate its value. In general Blue Book is a source of information of the automobile/vehicle industry uses. The prices here are used for a variety of functions

Determining selling price to a dealer

Helping establish the price value of the car when dealing with individual buyers

The blue book is usually not biased and is a guideline where information found in this data base has been gathered over the years from auctions, dealers, manufacturers of cars parts and individual sales. Historical trends, development of the car industry, season location and current economic factors also are used in determining these prices.

Other services offered by the blue book are extended free warrant quotes, comparison of cars; free record checks and a calculator for payment. All these information can also be accessed in the internet so sell my car could not be easier nowaday.

Use of the Kelly Blue Book

This is a source of information for the motor industry since 1993.There are two versions of this book that is online and the printed version. For the hard copy the cars are listed alphabetically by name of the manufactures then broken down again by model. From this you find

1.       An inflated manufacturers suggested retail price

2.       An invoice of the dealer

3.       Kelly Blue book value

4.       Equipment price

When you compare these prices as you sell your used car and it falls between the manufactures and dealers price then it is fair.

A good price is usually lower than the inflated manufacturers suggested retail price so keep bargaining until you meet a buyer that meets this.

The Kelly Blue \book for used cars gives you:

1.       The asking price of retailers

2.       Expected price if you sell it to a personal buyer

3.       Kelly’s blue book value for a trade in

The dealers’ overhead costs make their prices higher than that of selling to a personal buyer in the Kelly Blue Book of used cars.

Many factors affect the final price of your used car and are usually lower than the retail value in the blue book. It is easier to access all this information online and an added advantage is that they are updated weekly. Also you are able to get access to the used car dealers in your area by entering your zip code in the suggested box.