Tuesday, June 1, 2010

Attract Maximum Trade-in Value

OK, so you are thinking about selling your car privately and now you start to ask some very basic question. Where to advertise newspapers, magazines or the Internet what are the marketing cost?  What is a fare price to ask?  Do you have the time needed to make your car marketable getting the service up to date, safety certificate, E-testing, detailed/cleaned along with addressing current issues like dings, dents or chips in glass?  Is you schedule flex able to meet with a appointments and are you willing to negotiate with potential buyers? What happens if the buyer finds issues after the sale, it could snow balls in to litigation's court cost / personal time? The other problems to think about; what if the buyer fails to register the car after they drive off? Other scenarios to watch for like forged certified cheques or payments that bounce. Visit OMVIC: http://www.omvic.on.ca/services/consumers/vehicle_history_report.htm  you would be amazed what happen to some sellers + buyer.

To the most part dealers can see around the reconditioning costs plus they save on both service + parts making it cheaper to bring a vehicle back to marketable standards.  Consumers are not taxed on the total selling price but on the difference this may represent a fare amount of money saved. If you are just a little off on the budget most dealers will step up to make a deal ex-specially in today's competitive market. Add to that vehicle manufactures offer special financing rates that can equal some big savings along with cash incentives. The dealer can point out a time line when they come in to play or may have the new car you want in a past model year at a discount.  Larger dealer are marketing non-stop and may have a client already lined up just waiting on the right trade in to meet there personal budget. On vehicles ten years and older they could qualify for government programs and incentive. All this can narow the spread on selling your car privatly verse trading it in and worth reviewing.

When you bring your vehicle in to get an appraises give it a fast wash for a fast paint+ body inspection, tidy up the interior just dump the junk, bring your past work orders and ownership, if a loan is out standing have the contact information, if there are current problems or service due like bald tires or poor brakes let us know, Ontario has new full disclouser rules we now run Car Proof/Car Fax on all trades so if there was past damage repairs point it out so we can factor in the true value, also if you have assosories like bug gards, winter tires or after market rims add them in the deal we will pay more for the vehicle with them.