There is a proverb in Bengali, “The price of a dead elephant is also lakhs of taka”. This proverb is also true in the case of cars. It is possible to sell an old car at a very good price by polishing it and doing some renovation. However, selling an old car at a desired price can be difficult at times especially if you have no idea about prices and the market. Also, many people do not know how to start or how to do these things step by step.
However, by following some simple ideas and some effective methods, you can sell your old car at the desired price. This blog has discussed in detail some simple and effective methods for selling your old car. Some effective methods have been discussed here, including basic ideas on how to price a car according to its condition, where to sell it to get a good price, how to exchange licenses and other documents, etc.
An easy and effective way to sell your old car –
(1) Prepare the car for sale and review the current condition –
Clean the car as much as possible inside and out to make it look attractive. If there are dents or scratches on the car, fix them. The buyer must test drive it before buying. So, if there are any minor mechanical problems, fix them. If the car has undergone any major servicing, keep those documents in a collection. If any parts have been changed, keep its warranty card with you.
(2) Determine the price of the car according to its current condition –
Understand the current condition of the car and determine its price. The price should be determined based on the vehicle’s age, how many KMs it has covered, model year, engine condition, etc. Also, the type of transmission manual or automatic, fuel type petrol, diesel, or CNG, and whether there is an accident history, etc. should be considered. Make it clear whether the price of the car can be negotiated.
(3) You can use online marketplaces and social media –
You can use online marketplaces and social media to sell your old car. You can advertise for sale on Bikroy and Facebook marketplaces with detailed pictures and information about the car. In this case, take clear photos from different angles inside and outside the car. Buyers will be attracted if you get a good visual picture. Write a detailed description of the car model, mileage, and current condition in the description or specification box.
(4) You can contact automobile dealers –
Dealers have a wide range of car needs. They renovate old cars, varnish them in new colors, and prepare them for sale. The biggest advantage of taking the help of dealers is that they take care of any legal documents and technical problems on their own. However, although selling cars to dealers is easier, the price is not as expected.
(5) You can auction the car –
If it is an old car with a unique or special design, you can auction the car. Some auction management companies will help you in this regard. In this case, you will have to keep all the documents clear and pay a certain commission. In this method, you will get cash quickly, but you will have to leave it to fate regarding the expected price. You can also auction a car in bad condition, but in this case, the price will be quite low.
(6) Keep the title and other documents of the car ready –
If the ownership is not transferred according to the rules, you may have to face legal complications. So keep all the documents related to the ownership of the car ready. Such as – registration certificate, insurance, pollution certificate, tax record, bank no-objection (if the car was bought on loan), etc. After the sale, you will have to apply for the transfer of the registration certificate at the local office of BRTA.
(7) Be careful –
Avoid scams like suspicious checks, unusual transactions, etc. If you want to sell a car in person, it is safer not to go to the buyer’s location. If necessary, meet in a familiar area and in a public place. Be sure to verify the buyer’s identity and choose a legal method of money transfer. If a car is purchased with bad intentions, there are all kinds of possibilities of getting into trouble in the future.
In addition, you can contact personally to sell an old car. In this way, you can sell the car without the commission of an intermediary. Finally, create an honest opinion about the car in simple words about its pros and cons, such as mileage, engine type, mechanical problems, etc. This will attract customers, and their suspicions will decrease.
