Naturally, you’ll want to recoup as much money as possible on a car when the time comes to move it on. While substantial depreciation means that you’ll make a hefty loss on it, there’s still a good chance of getting decent value on it – and possibly taking a whack off the amount of your next purchase – once the vehicle is kept in proper condition and all the paperwork is in order.
The best place to start is to make sure that the basics of the vehicle are working properly and that there is no visible damage. Windscreen wipers, steering wheel controls and lights all need to be bested to ensure that they’re in full working order, while all fluids should be topped up and the car should be given a thorough cleaning inside and out. It won’t do any harm, either, to take the vehicle to your mechanic so that they can check for any major defects which could seriously affect the car’s value. Even if all seems to be well, it’s a good idea to have it serviced while you’re at the garage.
After you’re satisfied that the car is in near-perfect nick, ensure that you have any documentation which the dealer or private buyer will need, such as the registration certificate, service records and history report, along with your most recent insurance policy.
If all that is in order, you stand a good chance of getting an above-average deal on selling the car. If you want to get even greater value from the sale, a little market research goes a long way. Does the car have features that prove popular with motorists? Emphasise these. Is the odometer approaching a significant milestone? Sell it before then, as a car’s value drops notably when it passes a certain landmark (i.e. selling at 99,900 miles will get you a far better deal than 100,050).
Here is an infographic from Woodstock Motors with further tips on how to get the best possible deal on a car resale…