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THIS IS HOW TO GET THE BEST PRICE FOR YOUR CAR

by  | 08 Nov 2022 | Tips Share:

THIS IS HOW TO GET THE BEST PRICE FOR YOUR CAR

THIS IS HOW TO GET THE BEST PRICE FOR YOUR CAR

 

Used-car prices in SA are rising due to increased demand for high-quality used stock, making it a seller’s market. Which is amazing for you, as the client receives the correct price for the car that needs to get sold. 

 

There is a growing trend of consumers downgrading from a two-car household to one slightly more expensive vehicle; for example, selling two sedans to buy one SUV, a trend that’s expected to continue in the upcoming months.

If you’re selling your car, here’s advice on how to get the best possible price from us.

 

Age and mileage

On average within the first year, cars depreciate and lose between 15% and 30% of their market value. Within the first three years, you can expect to lose anything up to 50% of the car’s value.

 

New cars depreciate faster than used cars, meaning it’s better to keep a new car for longer, as it might not be the most feasible decision to sell your car within three years of buying it; whereas used cars have usually experienced the critical time of depreciation, so owners wouldn’t lose as much if they consider to sell.

 

The higher the mileage that your car has, the lower the resale value will likely be. Selling your car after anything between 50,000 to 100,000km is usually considered the “ideal”.

There is also a correlation between age and mileage based on a reasonable mileage per annum. For instance, a three year old car could be considered low mileage if it has done less than 75,000km (25,000km per annum).

 

Presentation

It’s important for you to have looked after the car.

Nothing is a bigger turn-off to a prospective buyer than a dirty car, so ensure it’s freshly cleaned inside and out. Give the paintwork a polish to bring out the shine and to remove minor scuffs and scratches.

Vacuum the interior and clean any stains, give all the plastic and rubber a shine, and ensure the car smells fresh. Clutter looks messy, so remove all your personal items from the interior and the boot. Low coolant and oil levels are another sign of a car not receiving the TLC it deserved, so ensure they’re topped up.

 

Fix minor problems

Spending a few hundred rand to fix minor dents could increase your car’s value by thousands. 

Keep receipts for any services and repairs carried out while you've owned the car. A fully stamped dealer service record adds extreme value to your car.

 

The transaction

When selling your car, it’s important to be aware that you have to make sure that all your paperwork is in order. Have a copy (or two) of your ID ready, double check if you have the cars’ NATIS and put everything together in a folder. This makes the transaction go quick and you’ll receive your cash faster. 

 

Selling to SMCQ

We believe in helping local people sell their car quickly and fairly. Our process is cultivated to give you the service that you deserve. With our transparency and trained professionals - you’re able to sell your car to us within 24 hours. 

 

No more wasting precious time and money. 

Trust Sell My Car Quick to buy your car. 

www.sellmycarquick.co.za

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