How to Get the Most Money for Your Used Car

If you’re considering selling your car, you’ll want to get the most money that you can. Selling your car outright can often earn you a better deal than trading it in at the dealership. The money you make from the sale of your used car can be used as a down payment for a new vehicle, for another major purchase, or just stashed away in your savings account. Here are five tips to getting the most money for your used vehicle:

1. Do Your Research

Before you put your car up for sale, do a fair amount of research online. Kelley Blue Book’s website is a great source of information for anyone who wants to sell their car. You can find out how much your car is worth by quickly inputting a bit of information. Make sure that the information you enter is truthful or you may not end up with a true market value!

Used Car

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2. Clean It Up

Now is the time to have your car professionally detailed if you’ve never had it done before. Make sure any stains are removed from the upholstery, pet hair is swept off of the seats and floor, and the exterior is washed, waxed, and polished. Replace your windshield wipers, burned-out bulbs and floor mats if needed. You won’t be able to make your car look like it did the day you brought it home, but you can come close!

3. Advertise

Sites like eBay Classifieds and Craigslist are great places to advertise your car for sale. You can also list on AutoTrader.com for a fee. Use your local newspaper and place a “For Sale” sign in your window as additional methods of advertisement. The more places you utilize to list your vehicle for sale, the more likely you are to sell it for a great price.

4. A Picture Says a Thousand Words

Make sure that you include pictures when advertising your vehicle. Take photographs of the interior and exterior of your car after it’s been cleaned and include them in any listings. If your car has any special features, include pictures of these as well. Some people even go so far as to include a picture of the current odometer reading! You will garner more interest in your vehicle if you include great photos with your advertisements.

5. Don’t Jump at the First Offer

Don’t jump at the first offer unless someone offers you more than your asking price. Take the names and contact information from anyone who makes an offer, and explain to them that you are entertaining other offers and will contact them in a few days. By doing this, you can take the best price you are offered and use it as a negotiating tool with your other potential buyers.

You can often sell your car privately for more money than you would be offered at a dealership. If you’re in the market for a new car, consider selling your current vehicle and use the money you earn as a down payment. By advertising in several places, including great photos, and being patient with negotiations, you’ll get the most money for your used car.

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