How To Get The Most Money Out Of Your Car?

It was a nice relationship while it lasted, but it couldn't go on forever. Now it's time to sell your car and move on to the next one.

To get the most money out of your car you're probably going to have to sell it yourself, but don't worry, it's not that complicated. Simply start by doing some research.

To decide your asking price, check the local paper for cars with similar characteristics and the True Market Value for your make and model, but remember to adjust them to your car's specific condition and mileage.

Always ask for more than what you actually expect to get, that way you'll have some room to negotiate.

When it comes to selling a car, looks do matter... a lot. Wash, wax and clean your car thoroughly, including the interior, wheels, tires and trunk space. Make sure all doors, lights and surface details are in good shape and that there aren't any visible dents or scratches.

A visit to your repair shop is also in order. Have your mechanic do a general check up. If there are problems you'll have to assess if it's worth fixing, but if you don't think you can get your money back, you can lower the price a little if the potential buyer requests it.

If the mechanic says all is good with the car, ask him to issue a report. You can add this to your maintenance record folder, which should include receipts for all service and repairs performed during your ownership.

When the car is looking its best, all it needs is a "For Sale" sign. There are many ways to advertise your car: newspapers, word of mouth, Internet and signs. Whatever approach you choose, remember that wording is key. For example, if you state your price and then say "or best offer," buyers will know you're desperate to sell your car and will take less money for it. On the other hand "asking price" says you know how much your car's worth but are willing to negotiate.

Using the Internet makes things a lot easier. All you have to worry about is getting some pretty pictures and posting your ad in good websites. If you've followed our advice, the phone should start ringing off the hook. The next step is showing your car. When potential buyers ask to take it on a test drive, be sure to ride with them and answer any questions. If the right buyer comes along, be ready to negotiate and say good bye to old faithful.

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