How To Drive Up Your Car’s Value Before You Sell It

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How To Drive Up Your Car’s Value Before You Sell It

Before you can buy a new car, you will likely need to sell your old car. This is mostly so you can have a good deposit that you can put down on your new vehicle. We can all do with a lower monthly vehicle premium and the only way to get that low premium is by putting down a bigger deposit. The more money you can make from your old car the better. 

If you are going to sell your car in the new future and want to get the best possible price then you can consider the following handy tips to boost your car’s value before selling it.

Get Your Paperwork Ready

Paperwork is very important when you are selling your car legally. The first thing you need is your license and registration documentation so you can prove that you are the legal owner of the vehicle. If your car was financed, then the bank probably has your registration documents and will give you these documents when the loan balance is settled. Requesting your documents can take up to a week which means it is better to get the documentation done before you start advertising or your buyers might lose interest.

Next, you need to get your service book up to date. Buyers are willing to pay more when the vehicle has a good service history record because it proves that the old car was properly maintained. 

Get Your Car in Running Condition

Non-running vehicles do not fetch a good price at all, especially if you are selling privately. 

It might help to get your car back in running condition, even if that means spending a bit of money on the repairs.

 Sadly, Vehicle Repairs Are A Two-Way Street. 

If the engine and mechanical damage are extreme, the repairs might end up costing more than the car is valued at. 

In this case, it is better to just sell to a car wrecker. 

Restore the Exterior

If your car looks good, it will attract more buyers. Take your car to the panel beaters and get small dents, scratches, and minor issues repaired. These small repairs probably won’t cost you much in the long run because you can raise your sales price and get your money back.

Larger exterior damages can however be costly to repair. If the repair costs are too high then it might be better to sell your car as is rather than spend more money on repairs than the car is worth. 

Give Your Car A Good Clean

Vehicles that are properly cleaned look much better and it gives the perception that your car was properly maintained. A clean car won’t just attract more buyers but can even boost the value of your car. Take your car for a full valet if it is very dirty on the inside. If it still looks pretty good inside then you can always wash it yourself.

Consider Polishing Your Exterior

Good quality polish and waxing equipment can remove scratches on your paint surface. Deep scratches will also be less prominent. 

When your car is polished it will be all shiny and it will also seem like it is in much better condition.

Get Your Car Serviced

If buyers realise that your car has recently been serviced then they might pay a lot more. Get your car services up to date and make a note of all the parts that were replaced so you can show buyers that the car is now back up to standard.

Increasing the value of your car is a lot of hard work and it can be costly to do these upgrades or services. 

If you don’t have the time or money for these tricks then it is time to give Cash for Cars Melbourne Victoria a call. These professionals will buy your car as is and they pay a good price for these older and damaged vehicles. 

By | 2021-04-27T10:48:57+00:00 April 27th, 2021|Blog|Comments Off on How To Drive Up Your Car’s Value Before You Sell It

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