You may have thought about it several times, but dropping an old car is never easy. After all, the car left you with wonderful memories. Also, selling a car is not easy either. There are so many processes and protocols to consider. There are no shortcuts to selling an old car. Here are some things to consider.
Do the paperwork
The first step is to have all your documents in place. First, make a list of the documents the prospective buyer may need. This includes the registration certificate, the tax data from the regional traffic office (RTO), documents about the maintenance history, a certificate without objection if you have rented the car, as well as any pollution or recall certificates.
Get the right insurance
Your trip went well on the road. As a result, your car insurance has a No Claims Bonus (NCB). You deserve credit for handling your car well. When you sell your car, inform your auto insurer.
You can request a reservation letter from the NCB to hold the bond for up to two years. You can then transfer the NCBto your new vehicle. Your auto insurance will not carry over to the new owner unless you choose.
You may want to trade in your current car as it is expensive to maintain. Have the car carefully inspected before you sell it. If there are small errors, correct them. Making sure your car is well maintained will help you negotiate.
You know the value
If you plan to sell your car, you must evaluate it. The first step is to find out the real value of the car. You can do your own research or consult a dealer. Remember that the market works differently for different vehicles. The price of a classic car is different than that of an economy car or a luxury vehicle.
Prepare your car for the show
Your best strategy is to do your best. Start by washing your car well. Also, clean the interiors. Finish with some polish and wax to make the car shine like new. Your local car wash can do this for you.
Good photos of the car could also make the sales process easier. Use photos when posting ads. Visual images attract more buyers.
Finally, you can sell the car yourself or through car dealers (online dealers or platforms). If you sell your car through online platforms, you will save yourself all the trouble as they offer an end-to-end solution. If you sell your car, you will get the best price.