The festive season is about to begin soon. During festivals like Dussehra, Dhanteras and Diwali, car companies launch new vehicles and offer huge discounts on old stock vehicles from dealerships. In such a situation, people want to sell their old car and buy a new car. However, selling a used car is not as easy as it seems. When you plan to sell your old car, the first question that comes to your mind is whether you will get the right price for the car. What to do so that the car sells quickly and easily and also gets a good price.
This requires keeping a few things in mind, taking few precautions and entering the second hand car market with full preparation.
So, today In work news We will talk about what to look out for before selling your second hand car? You will also know that-
- How to sell a car at a fair price?
- What precautions should be taken while selling a car?
Expert: Tootoo Dhawan, Auto Expert (New Delhi)
Question- In India Used carHow big is the market? Answer- According to a report by Indian Blue Book (IBB), the used car market in India continues to grow rapidly. Around 5.1 lakh second-hand cars were sold in FY 2023, while the number is expected to rise to 1.09 crore by FY 2028. This means that the second-hand car market could double in the next 5 years.
Question- On what basis is the resale value of an old car determined? Answer- The resale value of a car is the price at which a person wants to sell his second hand car. Car owners are often concerned with how to resell the car to the customer at the highest possible price. The resale value of your second hand car depends on many factors. The graphic below outlines some of the factors that affect the resale value of your car.
Question- How can you increase the resale value of a second hand car? Answer- No matter how much we take care, our cars get old with time. However, when we plan to sell it, we have to pay attention to every aspect of the car. So if you want to sell your second hand car at a good price, keep in mind the points given in the graphic below.
Question- How can we know the actual market price of a car? Answer- If you want to know the resale value of your second hand car, you can check it in several ways. such as-
Check out the online website: You can also check car prices online from various websites. There are many famous websites like CarDekho.com, CarWale.com, OLX.com and Quikr.com, where you can compare your second hand car with other cars.
Find rates from car dealers: You can also visit various car dealers to know the current market price of your second hand car. For this, give correct information about your car's model number, kilometer reading and condition to the car dealer.
Q- What precautions should be taken while selling a car? Answer- Nowadays, there are many scams in the name of buying cars online, in which cyber thugs ask people for bank details and personal information in the name of money transfer. So, one needs to be very careful and cautious while selling the car. With a little carelessness, you can fall into the trap of a fraudulent merchant or cyber fraudster.
From the graphic below, understand what precautions should be taken while selling a car.
Q- What are the things to keep in mind while selling cars online? Answer- If you want to sell your car online, keep these key points in mind.
Upload a good photo of the car
Good car photos attract customers. This gives buyers confidence that the car is in good condition. So, upload clear photos of car interior from all angles.
Write honestly about any loss
Be clear about any problems or damage to your car in your photos and description. For example, if the car has a dent or scratch somewhere, upload a photo of it. Having accurate and correct information will help people connect with you. Even with some wear and tear, your car will have interest.
Don't use old photos If you upload a dummy or old photo of your car instead of the real photo, it is cheating the customer. So upload a photo of the current condition of the car. This will save you time as well as customer's time.
Hand over the keys only after the documents are transferred Before handing over the car to the customer, ensure that the ownership has been transferred from your name to the customer's name. The car key should be handed over to the customer only after the documents are transferred. This makes you legally protected. Also you can avoid any kind of dispute in future.
Image Credit: (Divya-Bhaskar): Images/graphics belong to (Divya-Bhaskar).
