Turn your car into cash with minimum hassle by pricing it strategically, advertising it on the right websites and sorting the serious buyers from the tyre kickers. The market for used cars is booming and if you are planning to make some quick money and need to get rid-off your vehicle, then there is a high chance that you can sell it off quickly. So, if you are the one planning to sell your car in India, this is the right time to do so. There are various avenues you can explore to sell your old ride.
Broadly there are two different ways of finding the best place to sell high-end cars– the traditional way and the modern way. Let’s understand both of them chronologically:
Traditional way of selling your car involves placing an advertisement in the local newspaper, getting in touch with local car dealers, informing your friends and family & asking them to spread the word around, sticking a ‘FOR SALE’ signage with your contact details on the vehicle, putting up leaflets on the notice board of your house or complex.
The modern way begins with placing an advertisement in online classified portals, availing trade-in and exchange offers, utilizing the power of the social media platforms & using car buying services. If you wish to buy & sell cars in Delhi, PCH Auto World is a huge name to reach out for best prices & trusted buyers.
Though, a quick comparison amongst the two would give you a clearer picture about them:
| OPTION | PROS | CONS |
| ADVERTISEMENT IN LOCAL NEWSPAPERS | Very few have online setup | Not as effective |
| LOCAL CAR DEALERS | Simple & easy process | Offers low prices |
| FRIENDS & FAMILY/ LEAFLETS | Direct buyer gets the best price | Waiting period is long |
| ONLINE CLASSIFIED PORTALS | Outreach to maximum buyers | Highly unsafe, too many calls to answer, non-serious buyers as well |
| TRADE-INS & EXCHANGE OFFERS | No hustle for finding a buyer | Low prices offered |
| SOCIAL MEDIA PLATFORMS | Usually, buyer is known to you | Waiting time varies |
| CAR BUYING SERVICES | Hassle free, safe transactions, instant payment | Limited availability in some cities |
After weighing the positives and negatives above, let’s zoom in to the major steps that are involved in selling your favourite car.
4 EASY STEPS TO SELL LUXURY CAR:
- PREPARING THE CAR FOR SALE
Being the first & the foremost step, this includes preparing your car and advertising your intentions to attract prospective buyers for your vehicle. In order to quote the best price for your vehicle, following are the critical steps to be followed:
- Car servicing & clean-up
- Gather & make a copy of all the requisite documents
- Click nice photographs of the car (minimum of ten)
- Create an inviting advertisement, mentioning;
- Year & month of manufacture or registration
- State or city of auto registration
- Commercial or individual lifetime tax
- Total n umber of owners
- Comprehensive or third-party insurance type & its validity
- Availability of service history
- Colour of the car (interior & exterior), if original or re-painted
- Variant or trim level
- Number of kilometres covered
- List of fitted accessories
- Reason for selling
- Expected price
- Set an expected price that’s neither too high nor too low
- INTERACTING WITH PROSPECTIVE BUYERS
Screen the potential buyers, be straightforward in your interactions, share the scanned copies of the documents, fix a time for car’s physical inspection, negotiate a reasonable deposit & never rush your decision.
- DOCUMENTATION & PAYMENTS
Wait for the cheque to be cleared before handing over documents & vehicle, ask them to provide a copy of his government issued photo id and address proof, handover important documents to the buyer and keep in custody the ones that you are required to keep safe.
- POST SALES REQUIREMENTS
Inform the RTO, the insurance company about the sale of your car and ask the buyer for an updated RC