Either way, there are different ways to sell a car and several steps you can take to guarantee you receive the best deal. Nationwide Vehicle Contracts has put together a guide with everything you need to know about selling a car in the UK.
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Getting prepared - Top tips so you get the best offer on your car
Before you decide to sell your car, there are a few things you need to make sure are correct. Here are our top tips so you get the best offer on your car when you come to sell it.
Prep your paperwork
Having all your paperwork in place is essential when it comes to selling your car. First, you must have permission to sell the vehicle, either because you are the owner or because you have permission from the owner. Ensure that any outstanding loans have been paid off and that the car is yours to sell. You want to ensure you have all the relevant documentation as missing V5Cs can read as slightly suspicious, so be sure you have everything you need:
- V5C logbook
- MOT certificates
- Full service history book
- Receipts for any work done to the car
Prep your car
Give your vehicle a good inspection as if you were a buyer. Don't dismiss any scratches or bumps as "okay" because your potential buyer could disagree. It's a good idea to get any minor scrapes fixed up as there's a strong possibility you'll make back the cost on the final sale price of your car.
Also, give your car a good clean inside and get it looking spick and span. You could choose a professional valet for a real deep clean or clean it yourself, but make sure your car is fresh and clean to impress potential purchasers. Pay special attention to the dashboard, steering wheel, seats, carpets, and windows, as these are the areas that a driver is most likely to see.
You should make sure to delete any personal data from your car's memory. For example, you might have copied your phone book to your car's memory, and a built-in sat nav might have your home, work, and friends' addresses recorded. You don't want to share that information accidentally, so remove it before selling. Make sure your data is completely removed by following the instructions on the unit or consulting the manual. If you're still unsure, call the manufacturer and ask for assistance.
Find all necessary keys and accessories
Gather all the keys for your car, including the unique socket-style tool for unlocking alloy wheels. Also, re-fit any parts or extra accessories you may have removed, such as a boot parcel shelf or a tool kit.
Get the price right
You don't want to sell your car for less than it's worth, and you don't want to overprice your car. Honesty is the best policy if you are upfront about your vehicle and answer all questions truthfully, your transaction should go smoothly, and the buyer will have little legal recourse should the car later develop faults.
Search for similar models posted online before you put your car up for sale or agree to any part-exchange deal. Look for vehicles with similar trim levels and ages. It will give you a more accurate estimate of how much your automobile will sell.
You should also keep in mind that the price may have to be flexible as potential buyers may be looking at your car expecting a bit of room for negotiation. So, when deciding on a price for your vehicle, think about how you can make it competitive with other sales while also allowing for the inevitable bargaining.