The subject matter of the book and the title ‘From Used Car to Used Car: selling in the New India’ clearly indicate that selling a used car is a very challenging task – more so in a country and market as vast and ever-evolving as India. Today, there are many car selling platforms and ways how to sell your car, so it’s important to be aware of the proper procedures as well as the right tools to use to get the best price for your car. Below, I have outlined essentials that you need to know more about selling your used car including the platforms where you are likely to sell your car and the process of car valuation.
1.Best websites to sell used cars in India:
To successfully sell your car in the marketplace, it is helpful if you have some idea of its current worth. This can assist you in proposing a proper price for the item and bargaining appropriately with the probable purchasers.
Used Vehicle Value Calculators
Several online tools can help you determine your car’s value:
- Cars24: Being an automobile marketplace, Cars24 also has a broad and detailed valuation mechanism; they provide an immediate online assessment of the car’s worth based on make, model, reg. yıl/miles, and condition of the car.
- CarDekho: Another well-known service is CarDekho, which offers the buyer a valuation report containing information about the current demand for similar vehicle models.
- Olx: This is a basic and a rough-tune valuation based on what input you feed into the system, and can get you a fairly accurate estimate on the value of your car.
With these tools, you can easily estimate the proper price for your car which is expected to be within the expected range.
2.How one needs to go about choosing the right platform to sell their car.
There are many platforms you can use to sell your car; however, the choice one makes hugely determines the amount of money that will be paid for the car. Here are some of the best websites to sell used cars in India:
Cars24:
.Pros:
- Ease of Use: Through an efficient Cars24 mechanism, people can get their cars checked and sold in a single day.
- Instant Payment: They offer cash at the point of sale indicating that the organization remains liquid at all times.
- Safety: They bear the administrative burden, thus leaving the client innocuous and stampless, but secure.
Cons:
- Pricing: Although they boast of having competitive pricing, they may offer slightly less than that of a private seller, because, Cars24 has to factor its margin into the overall price tag.
Olx and Quikr
Pros:
- Wide Reach: These platforms have an established base of potential buyers one can locate in the shortest time possible.
- Direct Negotiation: Direct buying means that you can bargain for the rights to buy with the clients at a higher price.
Cons:
- Safety Concerns: It is always unwise to meet new people and handle payment since these are some of the measures that can lead to getting con.
- Time-Consuming: Negotiations, and closing the deal may sometimes take time especially when the company is being listed.
CarDekho and CarTrade
Pros:
- Detailed Listings: These platforms enable listings that have every car’s specifics and since it targets the right kind of buyer, it will be effective.
- Valuation Tools: Each site provides adequate price determination functions to assist you in valuing your stock appropriately.
Cons:
- Commission Fees: They can ask for a commission or service fee, which is deducted from your income making it smaller.
3.The vital role a car plays in your life
Best ways to clean and detail your car: Cleanliness not only enhances the look of a car but also helps people to infer that the car has been well taken care of. A professional detail can provide car washing service on the exterior as well as cleaning services on the interior of the car.
Perform Necessary Repairs: Make touch-up corrections that might turn off consumers and make them look for other cars, including patching up bad tires, correcting dents, and rusts, and checking and confirming that all the lights and signals are in order. Ensuring that a tangible service record exists and is up to date can also boost the confidence of the buyers.
Gather Important Documents: Ensure all necessary documents are ready, including: Ensure all necessary documents are ready, including:
Registration Certificate (RC)
Insurance Papers: New Delhi: Concern over the alarming rate of air pollution has led to the implementation of a new law of attaining a Pollution Under Control (PUC) Certificate on automobiles.
Service Records: When properly arranged, these documents will enable clients to gain quick and faster sales, which can also be trusted by the buyers.
4.Creating an Effective Listing
It has to appeal to more buyers and enable you to ask for the best price to be paid. Here’s how to create a compelling listing:
High-Quality Photos
Exterior: Make sure to capture all sides of the automobile from various angles, specifically the front, rear, sides, and interior.
Interior: The vehicle interior: The photo section must consist of at least, photos of the dashboard, the seats, and any other interesting feature as shown below.
Under the Hood: An example is the use of a photograph of the engine compartment may help convince customers that the car in question is in good condition.
Detailed Description
- Make and Model
- Year of Manufacture
- Mileage
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- Condition: The following statement should be included in the property description: ‘’Any recent repair or maintenance carried out on the property should be stated here ‘’.
- Reason for Selling
- Unique Features: Generally, give the audience some interesting features such as a sunroof, advanced infotainment system, or enhanced tires.
5.Negotiating with Buyers
Negotiation forms the last part of the sale of your used car since it determines the amount of money you will get for your car. Here are some tips to handle it effectively: Here are some tips to handle it effectively:
Set a Realistic Price
In light of the net realizations, establish an even higher selling price than your desired value to build some bargaining room.
Be Transparent
This is the reason why honesty can foster trust in your car’s condition in the garage. Be clear about any complications that are inherent in a medical procedure so that the patient does not later develop a problem that could have been prevented.
Remember always to stick to your principles:
Stay Strong on Your Price Points. You should know what your lowest possible terms are before you begin the negotiation and be ready to wrap up the deal if the lower party is not willing to offer better terms.
6. closing the Deal Safely
Selling your car with a secure transaction is something important to consider most of the time.
Payment Methods
Bank Transfer: This is the safest method of financing expenditures as it ensures long-term financing to cover the costs without having to look for funds like in the case of revenues from sales. Before handing over the car, make sure that the money you have been paid has been cleared into your account.
Cash: If accepting cash, count it carefully, and for the best result, count the money in another location or even in the safety box.
Transfer of Ownership
Form 29 and 30: These are used when there is a transfer of ownership and that is why the forms have to be filled out.
No Objection Certificate (NOC): If your car was financed, to avoid being denied by the system you should obtain an NOC from the financier.
Sale Agreement: Ensure adequate preparation by drawing up a sale agreement and having both parties sign it to avoid future claims.
7. Does Car24 Work for Selling Your Car Safely?
Pros:
- Secure Transactions: Cars24 works on the background to finalize the paperwork and make sure that the buyer’s payment has been received securely.
- Hassle-Free Process: With valuation to the final sale, Cars24 Semacea provides a one-stop service.
Cons:
- Lower Offers: It is mentioned by some of the users they get comparatively lower prices than those offered in private sales.
Conclusion
Like any market, selling a used car in India consists of several stages beginning with deciding on what your car is worth, selecting the right platform, preparing the car, creating a great-looking but realistic advert, bargaining, and finally, safely completing the transaction. So, by following these tips, you will be doing everything you can to get the best price possible for your car. Cardekho has many benefits as compared to Cars24 and Olx, hence multiple platforms are beneficial in which car buyers and sellers should decide what is most important for them easy to use, get the highest price, or secure transaction.
