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How to sell your EV like a pro in Ontario

How to sell your EV like a pro in Ontario

If you live in Ontario and want to sell your used EV, there has never been a better time. The used car market has started to settle down, so you should be able to get a reasonable price for your car without much effort.

 

We are going to cover some best practices you should follow; if you stick with these suggestions, you will have total peace of mind going forward.

 

Getting your EV in showroom condition

 

Before you put your used car up for sale, you should have it professionally detailed, it may cost you some cash upfront, but it will make your car look as good as possible.

 

No one wants to pay top dollar for a car that looks like it was in a demolition derby.

 

If you don’t want to fork over the cash to have the car detailed but have some time on your hands, you can watch YouTube videos that show you the ins and outs of car detailing.

 

Having the correct paperwork in place to sell your used EV

 

Whenever there is buying and selling involved, the government is there to take a piece of the action.

 

In Ontario, you need to purchase the official used car sales kit from the Government of Ontario; without this kit, you cannot sell your used car; it costs $20 and needs to be ordered via Canada Post.

 

Along with the used car sales kit, you will need the original registration for your used car; it would also help you get top dollar if you have the original service record for the vehicle.

 

The service records would consist of every oil change and work performed on the vehicle. By having these documents, it will prevent prospective buyers from lowballing you because there is no documentation attesting to the maintenance of the vehicle.

 

Finding the right place to sell your used EV

 

Most first-time used car sellers would put their vehicle up for sale on Facebook Marketplace.

 

Meta, the parent company of Facebook, is going through some financial hard times, so you might consider steering clear of that platform; also catalytic converter thieves use Facebook marketplace to identify cars they can target for the highly sought-after catalytic converters.

 

Instead of trying to advertise your used car online and deal with the risks that come with it, you should go where the professionals go, and that is your local used car dealership.

 

These dealerships are always looking to add vehicles to their respective inventory.

 

Since this is a legitimate business, you don’t have to worry about being scammed. The dealership will give you a fair market appraisal of the vehicle, and if you accept the cash offer, you get paid.

 

It is that easy; another option, if you want to make the most of this opportunity, is to apply the trade-in value of your used car and apply it against the purchase of a new car.

 

Whichever path you choose, if you deal with legitimate used car dealerships in your area, you will have a positive experience.

 

If you need help or advice on anything to do with auto loans contact Car Nation Canada today, we can help!

 

Categories: EV motoring

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