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You have decided that it's time to get ride of that old car. You have even seen the car of your dreams. Now all you have to do is to decide how you are going to sell the car and what price you want for it. Firstly it is advisable to decide how you want to sell it, if you are going to go to a garage or if you are selling in on your own. There are pros and cons for both of them.
When you are selling on your own you have no one to help you. It's you who have to be the expert and make that sale. You also have to put up with a lot of different types of persons calling you and asking questions about the car. This takes time and effort so you will have to make sure you can take the time. It sometimes takes a while before the car is sold. On a worse note, you are also putting yourself in a bad position. You have to trust the person coming to look at the car. When you allow them to drive your vehicle you are left on the passenger seat with little influence on where the potential buyer takes you. The big advantage however is that you will probably get a better price for your car as the garage will charge you for selling it so to speak.
If you opt on selling the car at a garage you might get a little less for the car but you will have a quick sale. You only have to go to the garage, negotiate a price and then the business is over and done with. The car shop deals with used cars all the time and has a fair idea what your car is worth. You can of course go to a few different garages and try and get a better price than the first shop offered. If you are buying your new car at a garage they might be willing to give you a good price for the old car as part of the price for the new one.
The decision as to how much you want for the car is very much related to the above decision. If you want as much as possible for the car you have to sell it privately. If you have a hard time estimating roughly how much it's worth, it's a good idea to go and see how much you can get from the garage. If you're not happy with that, set a price above that and try and sell it in the paper. You can always decrease the price if you can't get it sold. The price of the car depends on a lot of factors. How old the car is, mileage, if you have additional extras, the state of the engine, exterior and interior etc. If you have just spent money on a new timing belt for instance you can raise the price with some of that amount. It's impossible to ask for a higher price once you have set a sum so you are better of going that bit higher and then lowering it to your true price during negotiations. That way both buyer and seller think they did a good deal.
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Criteria for establishing a selling price on your used car
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