It’s a given fact that cars depreciate in value. The only time you can possibly get more for your vehicle than what you purchased it for is if it has sentimental value, say, if a famous person used to own it, or if it was used to win a race. In these instances, the increase in price has nothing to do with the car itself, but more to do with the fact that it is a trophy to own and claim.
The instances where you can get more for your investment are very, very slim. Instead, you will want to use these tips to make sure that you get the most value out of your car when you sell it.
Sell to a Specialist Dealer
If you have something special, like a Rolls Royce, then you don’t want to sell it to just anyone. First of all, they will try to low-ball you out of principle. The second reason is that they don’t have the system in place to deal with second-hand vehicles of that caliber.
Instead, you need to find a specialist dealer that deals specifically with high-end vehicles like Rolls Royce. So, when you’re looking online and searching “sell my Rolls Royce” make sure it’s with a company like We Buy Exotics that know the value of your vehicle, have the money to buy it from you outright, and who can actually find a buyer for your vehicle.
Sell it to a Private Buyer
It is a risk to sell your vehicle to a private dealer, especially if it is a higher-end model. That said, it is an option and if you have the right make and model, a private buyer could be willing to pay you the price you are looking for. Just remember to:
· Deep Clean it
Have it deep cleaned and detailed so that it shines. You aren’t just selling a used vehicle; you are selling a lifestyle. If you can make buyers want your vehicle specifically, they may even try to out-bid each other. In any case, however, a clean car is far easier to sell for a higher price.
· Market it Online
If you have any marketing experience, put it to good use. You may even want to consider taking out ads online to attract more interested parties to your listing. This isn’t a guarantee that it will help sell your vehicle but considering a lack of visibility is often your biggest problem, it can help.
· Be Ready for Hagglers
There are going to be people who bid over what you are asking for, and who will then try to low-ball you just before they hand over the cash. You need to be ready and know when to put your foot down.
Negotiate for a Higher Trade-In Value
If you don’t want to go through the effort of selling your vehicle, or you were looking to upgrade your vehicle to another model, then trading in is the best option. You will want to negotiate hard to help increase the trade-in vehicle and to reduce the overall price of the newer model you are looking to trade yours for. Ideally, go at the end of the quarter or the year for the best results.