What do I need to know when I need to sell my car?

When you want to sell a car , there are a few basics that you need to know in order to make the process as painless as possible. Selling a car is a process that involves price negotiations, advertising and legal procedures.

You should know your market. Check out local media and get a feel for the price range of your vehicle. This information gives you a head start when it comes to initiating the bargain process with a potential buyer. Remember the psychology of setting prices; make sure the price is something like $11,995 rather than $12,000.

Make your car look appealing. Most buyers will decide on whether to buy your car or not within the first few minutes. This decision is greatly influences by the look of your car. Ensure that you clean and detail your car both in the interior and on the exterior. The car must be mechanically sound and free from all forms of damage to its body work.

Market you car creatively. When you are putting up the "for sale" sign, make sure it shows that you are confident in the value of your car. Also look for ways to advertise that will catch the eyes of a potential buyer. Creating a good first impression with bring you potential buyers in droves. Do not forget the wording of your advertisement as this may make all the difference.

When potential buyers come to test drive the car, make sure that they have a valid drivers license. Also make sure that you ride with them in the car. If anyone should look suspicious then gracefully decline their offer no matter how appealing it is. You may get car jacked and end up with nothing.

Be flexible when negotiating your price. After all you did leave a little wiggle room when you set your price didn’t you?

Finalize the sale. There are standard procedures to follow as you finalize the sale of your car. Have all the DMV papers in order. If you have any outstanding payments at the bank and they are holding the title to the vehicle, clear this in the presence of the buyer and keep the balance.

When you sell your car correctly, the benefits go to both parties. Now you have the cash you needed and the buyer has a car.