The value of a car is determined by several factors like age, model, mileage and general condition of the car. However, assuming that these factors are all that matters is quite unfair. There are many ways for you to boost the value of the car on a budget so that you maximize your gains. Not only that but you will also be able to sell the vehicle a lot sooner, thus cutting the downside or avoiding the postponement of the capital injection that you so desperately need. Here the top five tips to follow.
1. Hygiene and professional photography
The first thing you need to do in order to increase the resale value of your car is to invest in its overall hygiene. Washing the car is simple and it doesn’t take too much of your time. Other than this, it makes your vehicle more presentable and increases its appeal to a buyer. As soon as you clean it (or have it cleaned), you need to think about taking photos from all different angles. Take numerous photographs and spend as much time as you can editing them to ensure that they’re up to the task. You can even consider the idea of hiring a professional photographer.
2. Do your research
Another thing you should consider is investing a bit of time and energy into proper research of the subject matter. For starters, you need to find a suitable platform to upload your offer to but also figure out how much your vehicle is actually worth. Try roleplaying as a buyer and look for the same model and age as that of your own vehicles. Then, try to access the condition of the vehicle compared to your own car. The thing is that while you can deviate from the price a bit, you shouldn’t go too far. You might also pick up a trick or two regarding the description and photography along the way.
3. Work on your exhaust
Imagine for a second that you’re trying to sell a car to an interested buyer and offer that they take it for a spin. The sound produced by the vehicle would be a massive part of the driving experience, which means that it may subtly tilt the odds in your favor. This sound is most affected by the internal combustion of the engine and to muffle it, all you would have to do is consider getting one of those amazing performance exhausts. This is a relatively inexpensive tweak that also helps you regulate the temperature of the exhaust and control the emissions within the vehicle.
4. Take the car to a mechanic
One of the most important things you need to do is take the car to a mechanic for some regular maintenance. Once there, tell your mechanic that your intention is to sell the vehicle. Therefore, if they have in mind an expensive repair that’s not going to yield a positive ROI, they shouldn’t even mention it. Remember that professional mechanics usually have years of experience with this task, which is something that will make them ideal for this advisory role.
5. Learn a thing or two about salesmanship
While this may surprise you, your personal salesmanship and negotiation skills can make quite the difference. For instance, you need to learn all the buyers’ bluffs and figure out just how lenient you should be with the bartering. Keep in mind that there are numerous psychological tricks that could ensure success during the negotiation stage and that spending several days (or hours) researching them is definitely worth the difference in profit.
The key thing is finding methods that are frugal but boost the resale value. Moreover, you need to understand that increasing value and increasing resale value are not one and the same. So, your primary objective is to adopt this mindset and figure out your goals and your possibilities. This way, the checklist of mandatory tasks will be easy to both make and execute.