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Key things to bear in mind when selling a used car in Canada

Key things to bear in mind when selling a used car in Canada

If you are reading this, you must be interested in selling your used car or at the very least considering it. Frankly, there has never been a more advantageous time to sell a used car in Canada.

There is a chronic shortage of new cars, so anyone who wants to upgrade must either way 1-2 years for the carmakers to get caught up or buy a used car. The challenge is that the demand for used cars is at a point where people are willing to pay a premium just to get a car right away.

How to capitalize on this used car seller's market

With the right approach, you can get the fair market value for your used car but you need to figure out what is a fair price. What most first-time sellers do is use Kelly Blue Book for pricing insight but you should take those prices with a grain of salt.

The prices listed in Kelly Blue Book are what sellers are asking but it does not reflect what buyers are willing to pay. You could ask $1,000,000 for your used car but it does not mean anyone is going to pay that amount.

What you should do is have your vehicle appraised by automotive experts, you can get the appraisal from a local dealership.  There is no cost or obligation for the appraisal, so you should give it some serious consideration.

How to avoid online scams

There are many different types of scams being committed online and you have to take proactive measures.

A very common scam is when you advertise your vehicle for sale on social media (which is something we strongly oppose) the scammers will wait until you go away for the weekend and simply steal your car.

If you are wondering how the scammers will know when you are away from home, you will tell them by posting it on your social media status page!

Another scam is the criminals will wait until you are gone to work and cut the catalytic converters off your car. The demand for these converters has gone very high with some people getting as much as $1,000 for a single converter. These crimes of opportunity are common and you need to always be on your guard.

The simplest way to sell your used car fast

If you are looking for a shortcut, you recall we mentioned having your car professionally appraised by a local dealership.

The dealership will present you with a cash and trade-in offer. Should you decide the buy a new car, then the used car trade-in value will be put against the selling price but if you need money quickly then you can take the cash offer.

The local dealership gives you the ability to bypass all of the challenges associated with selling a car on your own.

You get cash in hand and the dealership gets a car to sell, everyone is happy.  Since you are already thinking about selling your car, give your dealership a call right now to schedule the appraisal.

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