There are more than 221 million licensed drivers across the United States. However, having a license doesn't necessarily mean you're ready for the road.
Without a car, you won't go far.
Unfortunately, getting your hands on a new car can be very expensive.
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The average price of a brand-new car is currently $36,718! On top of this, getting rid of an old car can be time-consuming and expensive.
Thankfully, you don't have to buy a brand-new car.
In fact, there are plenty of options if you want to sell or buy used cars, which can save you a lot of money!
For example, you can buy a used car at any online car auction.
Want to know more?
Well, you've come to the right place!
Read on to find out exactly what you need to know about buying and selling pre-owned vehicles.
There Are Lots of Options for Selling Used Cars
If you are looking to sell used cars, then there are plenty of options to consider.
Just because a car is pre-owned doesn't mean that they're not road worthy.
If your car is still running well you might want to consider:
- A dealer trade-in to get money off the next car that you buy
- Looking for an instant cash offer based on your car's basic history
- Selling to a private buyer
The great news is that whichever route you want to take, there are plenty of places you can turn if you have a used car for sale.
You Shouldn't Sell or Buy Used Cars Without Documentation
Documentation is key to any car sale, whether you are the buyer or the seller.
You should never buy a car from an owner that can't provide documentation and a pre-owned cars dealership will turn you away without it.
To complete a purchase you will need to provide or ask to see:
- Proof of ownership
- A vehicle history report
- Up-to-date service and maintenance records of the vehicle
- A release letter for the vehicle
- Vehicle registration information
Be Prepared for a Vehicle Inspection
If you are advertising used cars for sale or are looking to buy one it is important that you carry out a thorough vehicle inspection.
This should cover everything from the mechanics of a vehicle to the finish of its upholstery.
Any flaws in a vehicle will affect the pricing.
So, if you are selling it might be worth considering how much small improvements could affect the price you get for your car.
For example, touching up the paintwork on your car or replacing the tires could significantly improve the price you get for it.
Obviously, you should organize a viewing in person as well as a vehicle inspection.
When you do this, make sure you pick a safe environment, such as on the road outside the seller's home.
That way both the buyer and seller can feel comfortable during the viewing.
Do Your Research into Pricing
If you want to get a good deal on a used car, it is worth doing your research into pricing.
Some of the things that will affect the pricing of a used car include:
- How old it is
- How many miles are on the dash
- The condition that it is in
- The make of the car
- Any additional features that the car has (such as built-in GPS)
- Its service history
When researching it is worth looking up "used cars near me" to see what other buyers are asking for.
You should always look at the details listed above for each car.
That way you can make an accurate comparison with the car you are looking to buy or sell.
When selling to a private buyer or dealership, be prepared for a certain amount of negotiation.
This can be very friendly - in fact, friendly discussions often end with the best deals for everyone.
Having thorough research on your side will ensure you can go into any negotiation informed and confident.
Know Where to Advertise Used Cars for Sale
There are lots of places you can go to sell and buy used cars. You can go via a dealership, although you might get a little less for your money.
This is because dealerships help out with a lot of the paperwork and take care of sourcing quality second-hand vehicles.
Because of this, they can buy used cars more cheaply and sell them on for more.
Selling privately requires a little more effort but you cut out the middleman.
Thanks to the internet there are now lots of places where you can find or advertise used cars.
Autotrader, Gumtree, and even Facebook marketplace all let you list used car sales.
If you have a local online noticeboard it is also worth listing adverts on there as well.
Finding a local buyer is the quickest and easiest way to sell your car privately.
Signing on the Dotted Line
At a dealership, they will take care of the paperwork but in a private sale, you have to take care of this yourself.
You can check with your state's DMV in order to find out exactly what paperwork you need for a vehicle to officially change ownership.
Usually, this includes the title and registration documents for a vehicle.
It is also important that you specify any conditions of the sale.
For example, if you are selling or buying a car without a warranty you should note that the "vehicle is sold as-is".
This confirms that the buyer is accepting responsibility for maintenance from the point of sale.
Deal With Your Used Car Today!
If you're in the market for a new car then buying pre-owned vehicles could save you a lot of money.
Whether you want to sell or buy used cars, doing your homework will ensure every sale goes off without a hitch.
For more help buying or selling a used car, organize a VIN check for cars in your state today.
You'll be on the road in no time!
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