How to Sell a Used Car

Selling a used car needn't be an issue. To make it easy for you, just follow this guide.

1. Prepare your vehicle: Make sure the car is fully Valeted. Without doubt it will add value to your sale. If it has not been serviced recently, you can get it done for about £100. Also re-MOT the car if it is due to expire in the next 3 months or less. Finally, a cheap pair of new hub caps are great value for money in making a car look good for sale. Go to a details shop and you may spent $90 to 100 to wax/shine up your car externally, and to wash/dry/polish it in the inside. Your tires will get a good wash too—and this will impress your potential customers. This investment will definitely be worth it—and you can incorporate this expense in your asking price (without telling the customer of course). Also, if there are minor blemishes (trunk broke/ handle broke)—fix those—it will be worth it. It will only take a minor fault to turn the buyer off.

2. Put your price slightly higher than what you expect—negotiate to get the deal that’s right for you. If you are not in a hurry to sell the car, and think that you deserve a certain price—wait. Wait, wait, wait. Wait, because you will definitely find a buyer who will pay your price. Use KBB.com (Kelley Blue Book) for setting your asking price, and tell the potential buyer that the price is as per KBB.

3. Purchase a "hold until sold" advertisement. There is no need to repay for advertising nowadays. Make your advert specific. Make sure you include the following: Price, specification-Make Model, and level of trim, Colour (best to include a photo), Service history, Tax and MOT, Mileage.

* A free website like craigslist.com can serve as an extremely useful medium to spread the word about your car sale. Make sure you look at other people’s Ads too, and post your car’s pictures and description accordingly. Try craigslist—you will definitely get lots of inquiries.

4. Understand if your asking price is on the lower range you may park it at the nearest Walmart, or some shopping area where lot of people turn up. Remember to ask people at those stores if this is okay—in some cases stores may tow your car.

* Park your car so it is visible from the main road, and to more and more people visiting the store. If people are calling you asking about the car each day—it also means that your car is safe there! You don’t have to necessarily check it out everyday.

* Put ‘for sale’ signs (also available at Walmart) on 3-4 sides of the car—so people approaching from all angles can view it.

* You may or may not put the price on the ‘For Sale’ signs. A lot of buyers are skeptical about used cars—so you may just put your phone no., invite them to talk to you, do your sales pitch, and then announce the price.

5. Do your sales-pitch when they phone. Explain the real reason for selling your car. Explain how many miles you have driven the car on your own, and explain your overall experience with the car. As an example this is what I used when I sold my ‘good’ condition Toyota Corolla 1996.

* Potential Customer: “What is the price of the car?”

* Me: “Let me first tell you more about the car…the only reason I am selling the car is because I got a full time job with XYZ (name your company if people know about it….people will trust you more because of your affiliation) and hence I bought a new car…I am a student from Virginia…went to school at Virginia Tech and I bought this car when I was in school. I have driven 21K miles on the car in the past 1.5 years and I have had no problems, whatsoever. I have made long trips of 600+ miles one way to Virginia—without being stranded on the road. The car runs great…has no mechanical problems…requires only regular service….has very good tires…and is just like any other solid Toyota car…why don’t you test drive the car and check it out for yourself…I don’t care if you want to take the car out to a mechanic, and verify for yourself. My asking price for the car is $$$$.

6. Do not let them test drive the car alone; they may not come back. If they want a professional inspection, don't panic, it means they are serious. When negotiating, never refuse to budge on the price, and don't let them walk away for the difference of £50-£100, it is not worth losing the sale over such a small amount.

7. Seal the deal. When someone has agreed to buy your car, make sure you print a Bill of Sale and get it signed by your buyer. Google ‘Bill of sale’ and you will find several websites which can print a Bill of Sale after you provide some information. Some sites may allow you to preview the created ‘Bill of Sale’, but may not let your ‘copy/paste’ or ‘print’ it. Just Printscreen and copy it to your word processor and print it.

* Also, you will be asked to fill out the details on the back of the title—do that clearly.

* Make sure the check is cleared, or that you have got the correct amount in hard cash, before you sign the title on the back.

* Now, you can give the keys to the car.

* Make sure you take off the license plates before and removable decals (related to your school, etc.) before you give away the car.via

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Tips On How To Buy A Used Car

Buying a used car is a mine field. There are so many things to look out for, it is hard to know where to begin being wary. Here are some things to look out for.

1. Decide on the right car for you. This may mean not getting what you want, but more what you require. Research the Consumers Reports Buying Guide or their online used car buying kit; also check out their free guide to used car buying. Remember that highly rated cars command premium prices. A lower rated car can be a gold mine if you can put up with a design flaw or two.

2. Use an online calculator to figure out payments. Don't dwell on price just yet; consider how long you will keep the car, what an affordable payment is for your budget and how much you can put down. Consider a brand new car, particularly if it has subvented financing (a manufacturer's reduced financing rate). And strongly consider, if possible, buying outright. The absence of monthly payments can have a wonderful effect on your finances.

3. Ask a lot of questions. Get as much history as possible of the vehicle. Try to get the previous owners name and call them. Run your own CarFax; dealers have been known to "lose" the last sheet.

4. Test Drive the car. Always. Try the car on different roads, and drive for at least 15 minutes. Remember you will be driving this car for a while. See if it pulls to one side or the other. It's alignment (or bad tires) it if pulls all the time; it's a brake problem if it pulls when stopping. Check for brake shudder when stopping; (that's front rotors and probably pads). It should not wander; (tires or steering components). If you have time, sit in the car for an hour...seats often feel comfortable until you've sat in them a while.

5. Get a professional check. Get the car checked professionally. If the dealer won't let you have it checked by your own mechanic, run, don't walk from that store. Pay the mechanic to check it. He should put it up in the air and check for frame/underbody damage.

6. Negotiate. Always have an idea of what you want to pay for the vehicle before you start. Go in lower, and try to compromise at the point that is good for you. Remember a "win win" situation is always required for a sale to occur. Never negotiate if you are not ready to say yes there and then. It will lose you power/credibility over the dealer, when you are ready to buy.

7. Always get all the paper work. V5, MOT, and service history. Insist on 2 sets of keys minimum.

8. Get a vehicle report. You don't want to end up with a car that has been flooded and since Katrina many used cars have been brought on the lot with just that problem. Ordering a CARFAX Vehicle History Report is worth your time and money and empowers consumers in knowing exactly what they are purchasing.

9. Know the financial vehicle history of the used car. To make sure a car is not stolen, police agencies have records of stolen vehicles reported to them. Consult with the police if you are not satisfied with the amount of detail you are getting from the vehicle history....it can save you time and worry down the line.via

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$150K For HSV W427

THE price of the Holden Special Vehicles (HSV) W427 supercar has increased steeply before it has even gone on sale.

HSV estimated a price of “$130,000-plus” for the 7.0-litre super-sedan when it was unveiled at the Melbourne International Motor Show in March.

Now, HSV management has revised pricing for the car, which is expected to become a collector’s item, saying it will cost somewhere between $150,000 and $170,000.

HSV managing director Scott Grant admitted to GoAuto this week that the company wanted to measure what type of price potential customers would pay, given that demand appears strong.

We are throwing out a price and testing the market acceptance for that point,” Mr Grant said, adding that HSV also had to ensure the W427 project was profitable.

“These programs have to make sense from a business point of view. We have got a substantial investment in that program. It is not going to be a high-volume car, it is going to be quite a unique car, and I think there is a place for that car in the market,” he said.more...

Sell cars | car pricing | car sale

Proton Will Launch A ‘Persona-fied’ Gen.2 With A New Name

PROTON Cars Australia will banish its Gen.2 nameplate in September, when a facelifted version of the small hatch arrives wearing Persona badges.

More importantly for fans of the Lotus-engineered five-door, Proton will most likely offer a higher-performance version of the Persona hatch, to counteract criticism that today’s Gen.2 engine lacks low-speed responsiveness.

The standard "Persona Hatch" model will use a modified version of the current 1.6-litre CamPro twin-cam 16-valve four-cylinder petrol engine incorporating a new and more efficient inlet manifold design known as IAFM.more...

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Buy & Sell used cars

It’s best to stature out precisely how much you can afford to squander. You know what you have to put down, you know what you can afford per month -- but how does that decipher to a sticker price, in particular taking into account taxes and finance charges? There are several car-payment calculators that will do the math for you (there are alot out there on internet). However, if you prefer to do the math manually, here's a relatively simple method.

What you can afford for a downhill payment. If you are trading in a car, visit a used car pricing site to calculate the car's approximate value (use the trade-in value, which is the lowest figure and represents what you can probably expect the dealership to offer) and add that to your subtotal. Valuing a second-hand car is both intention (year, make, and model) and prejudiced (appearance and condition). Normally, this would not be an issue if all cars were indistinguishable regrettably; second hand cars are all very distinctive.more...

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Car Auctions

With so many advertisements claiming to offer the latest luxury cars for just a fraction of their price, people can get quite sceptical when they come across genuine opportunities like government and private car auctions.


The truth is that there are some expensive luxury cars available for a fraction of their price, but one has to go through a lot of Bucks to get to the luxury cars. One of the most cost effective ways of acquiring vehicles is through government and private car auctions (the cars available are essentially repossessed, seized or surplus vehicles).


To better understand the legalities involved, it is important to understand the difference between repossessed and seized cars.


Repossessed Cars (repo cars)
Repo cars are cars that were offered as collateral against a defaulted loan, or have been repossessed by government organizations or banks due to non payment of instalments. Repo cars are more often than not well used, and should be treated as second hand cars. In fact, the reason why repossessed cars are so competitively priced at government car auctions is because they have been used by the owner (in some cases for a few years).


Seized Cars
Whenever a person is imprisoned for a financial crime (like tax evasion or fraud), all his assets (like cars and properties) are seized. In addition, cars that are part of federal evidence or have been used in a crime are also seized and auctioned off at government car auctions. Seized cars should not be confused with repo cars as there is no defaulting of payments or collateral involved.

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