If you are finding the new owner for your old wheels, you may be looking for advice on how to sell car in Singapore and get the most for it. When you sell your vehicle, you can do some things to make sure that you get the best price. If you manage to get the most money for your car, it can help you buy your dream car that you‘ll be buying next and pay off your old loan as well. Even getting the best sales price can also make a large down payment on your new vehicle. There are many options when it comes to selling your car that ranges from selling your car to a direct buyer, trading it in to the dealership, and selling it through consignment. No matter how you sell your car, you should know how to avoid intimidation and negotiate better with the dealer or private buyers. Here is the step-by-step approach to sell your current car in Singapore.
Collect your paperwork
Before selling your car, complete some tasks to gather the paperwork to make sure things go smoothly. Having a wallet full of print-outs and receipts showing maintenance and repair records is the best way of ensuring the prospective buyer that your car has been well taken care of over the years. These printed records can show your car’s history. It can be attractive to potential buyers if your service book is full of stamps for every service. Get them organized and don’t forget to show them.
Get Your Vehicle Ready to Sell
Getting your car ready to sell can help you get more money. Also, it helps your car sells more quickly. If you want to get much ROI, then you need to spend much time and money to get it ready to sell. But if you want to get rid of your old car, you do not need to spend money and time. For instance, if you have a junk car that is more than 10 years old, then washing and waxing will not help you get more money out of it. On the other hand, a 4-year-old luxury coup can pay off if you spend money on cosmetic reconditioning.
Set a price for your car
The next step is to set a price for your car. You should consider some factors while selecting a price for your car, such as car’s age, car model, number of years left on COE, and condition of your car. You can check similar car models with the same specifications on the Internet to get an idea of a price range for your vehicle.
Pick the best offer and set up a test drive
Once you set a reasonable and acceptable price for your car, contact the car dealership or advertise your car on the car selling website to sell it to the private buyer. Pick the best offer and set up a test drive for your prospective buyer. On the test drive, let the buyer focus on experiencing how your car drives by keeping small talk to a minimum. Only respond to any of their questions about the car.
Negotiate and close the deal
The prospective buyer will begin negotiating to buy the car after the successful test drive. Let him make the offer first. During negotiation, repeat the price to ensure there is no misunderstanding. Also, make sure that the buyer is ready to pay in cash or with a check. Once the buyer has given you the payment, go to LTA to transfer the car ownership to the buyer.
Need help in how to sell in Singapore? Contact Cars N U.