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Steps to follow when trying to sell your used car

Steps to follow when trying to sell your used car

With the used car market experiencing unprecedented growth, with the average price of used cars increasing by 5% month by month, that trend is expected to continue.

If you were waiting for the right time to sell your used car, this could be your golden opportunity. This may be your first time selling a used car; even if you have been selling used cars all of your life, these tips will help you get the best possible result.

Not all used cars are created equal

There are some used cars that are more popular and in higher demand than others. The good news is that, as a whole, the demand in the used car market has grown substantially, so you should be able to sell your vehicle without much hassle.

Start the process by working out the current fair market value for your used car. You could look up the prices on Kelly Blue Book, giving you a ballpark on what the car is worth.

Another way to calculate what your vehicle is worth is to take the highest and lowest quotes and then divide them to get the average.

By keeping your asking price average, it should lead to more views and offers from prospective buyers.

How to position your used car advertisement for success

You will be competing with private individuals and professional car sellers, so please pay close attention to the next steps.

Have your vehicle professionally detailed so it looks amazing, and take high-quality photos of the car both inside and out.

We recommend making a video of the car as well; if the platform you are listing the vehicle on does not support videos, you can put a link to a YouTube video of your vehicle.

By making a little effort, your advertisement has a greater chance of catching the attention of a prospective buyer.

Try not to limit yourself to just one platform; we recommend advertising on all of the major platforms that focus solely on selling vehicles.

You may come across marketplaces on social media. While those platforms are great when selling personal items like computers and clothing, it is not recommended for used cars.

The people who use social media marketplaces aren’t usually searching for used cars; they are just browsing for a bargain.

The easiest way to sell your used car

If you are looking for a simple and easy way to sell your used car?

The absolute easiest way is to bring your vehicle to the professionals. Local car dealerships are trying to rebuild their inventory and will buy your car.

They will need to appraise the vehicle and determine what the current fair market value is; this won’t take long. After the dealership has performed this step, they will be able to make a cash offer.

There is no obligation to accept this offer, but you will walk out of the dealership with cash if you do accept it.

There has never been a better time to sell your used car in Canada, so start doing your prep work right away.

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