While the attachment we have with our first car is unparalleled, sometimes we have to admit it’s time for a change. Whether you’re itching to get your hands on the newest model with all the swanky new features, or you want a car that works better than your old one, we have you covered. It can be difficult to sell car in Singapore, but we, at Cars N U, are here to give you the professional and creative advice you need to make a quick sale. So, here are a few tips to help you prepare to sell your car.
Settle any outstanding payments
This is the first thing you need to do before you start to work towards finding buyers. You can’t sell the car in Singapore if you have any loans or fines that are unpaid, so you’ll need to clear out any payments. Your car also needs to have a new insurance policy for the buyer, and it must also have a valid road tax. Once you’ve taken care of this, you can get an approval from the Land Transport Authority or the LTA for selling your car.
Prepare your car for selling.
When trying to sell car, you want to make your car look as appealing as possible. This means hiding the flaws of the car and enhancing the good side. You don’t want potential buyers to be put off by the sight of your car. Instead, you want to make them feel as if this is the best bargain they’ll ever make. You can brush up the exterior and the interior to make your car look visually appealing. Additionally, it would be best if you also considered fixing any problems with the car so that you can demand a better price.
Decide the best price.
Before you set out to meet buyers or to post ads, you need to pick a price. This price shouldn’t be too high, but it shouldn’t mean that you sell yourself short either. It takes a lot of research to learn just what your car is worth, and you should spend a great deal of time researching cars that are your model, age and condition to decide just what should be your final price. After all, you don’t want to end up making a loss when you sell car.
Meeting buyers and transferring ownership.
We’re aware that this entire process can be incredibly time and money consuming, and this isn’t even half of it. After picking a price, you need to meet with buyers, negotiate, and fill out tons of paperwork to make the final transfer. This last part, in particular, is very demanding and confusing. Luckily for you, you can follow our guide to help you with any transfers. However, we can also help you sell your car in Singapore super-fast, and get the best price.
Consignment to make your job easier
One of the biggest reasons why people don’t work with dealers to sell their car in Singapore is because they have to hand over their cars to the dealers. This can deprive you of mobility before you’ve even sold your car. Consignment operates on a different principle. You can keep your car with you until its sold and can meet any potential buyers as well, having a more active role in the process. However, you have a professional and helpful agent with you to help you understand the process. These agents can also help assess your car, to give you a professional, educated opinion on what price you should ask for. In this way, you’ll know when a buyer is trying to trick you. Furthermore, the agent can help handle the often-messy negotiation process so that both parties reach a compromise.
The bottom line
Sell used car in Singapore isn’t as simple as putting up an ad and waiting for a buyer to show up. It takes incredible dedication and hard work. If you’re willing to work the extra mile, then that’s perfect, but if not, you can always get the smart, creative professionals at Cars N U to give you a little extra help. With their help, you can make the sale of a lifetime!