Cars are more reliable than ever before, so buying a used car makes a lot of sense. Thereby there is the huge demand for them in the market. But like buying a new vehicle, selling one can be quite troublesome and research full as well.
This blog will tell you about how you can make most out of you transaction while serving the potential buyer. As we all know once the new vehicle is out of the showroom, it starts depreciating its value.
So, keep in mind the professional facts brought by the Leading pre-owned vehicles& equipment transaction company – Shriram Automall India Limited (SAMIL) before, after and during the process of selling your beloved asset to someone else.
We hope these steps will help you get most out of your desired deal.
When to sell: Be aware that value of your vehicle is depreciating with time. So, as an owner you have to decide how long you want to keep the vehicle with you, as three year old vehicle will definitely fetch you more money as compared to a car that older.
There are other factors as well which diminish its value like Quality, Appearance etc*
Before you sell: After deciding to sell off your vehicle and before selling it, keep in mind the re-sale value you expect to get out of the deal. You can check online as well as consider the professional help from SAMIL for exact valuation of your vehicle.
Also, if you haven’t taken your vehicle for service from quite some time, take it for servicing and change any faulty or non-operational parts to get more value for your car.
To some up you can go through these points:
- Wax on, wax off
- Bright lights
- Windshield chips/cracks
- Shiny wheels
- Inside jobs
- Get your papers in order
- Make easy fixes
- Try not to have a scratch-and-dent sale
Deal with Potential Buyers: You can always go through the process of selling your pre-owned vehicle with SAMIL for better transparent transaction experience at optimal prices. As with SAMIL, interested buyers can bid on your vehicles and you can choose the minimum amount you want for your used vehicle.
Token Money: If you find the potential interested buyer for your vehicle, ask for the token money and give him/her some due convenient date to arrange for the rest of the money and handover the car keys only after the full payment.
Paper Work: Involvement of legal work while selling a car, result in a lot of paper work which seller should not delay and take for granted. So, we have bought you the list of documents you need to be in check with:
- Transfer of ownership of the car
- NOC from finance company if applicable
- Copy of the delivery note
- Original registration certificate
- RTO tax certificate
- Insurance policy (update the insurance company about the transfer of ownership)
- Copy of the invoice of the car
- Owner’s manual of the car.
- Service history of the car
- Application to the RTO for an NOC if the buyer’s residence is in the area of jurisdiction of another RTO.
These paperwork’s, implement that ownership has been transferred and you will not be dragged in any matter including your ex-vehicle, be it an accident/ criminal offence etc. so make sure to do them on time.
Consider SAMIL, for all kind of used vehicles and equipment requirements to experience the best out of the most innovative platforms. Visit your nearby Automall or download “MY SAMIL APP” to go through the inventory of best in class used vehicles and equipment of every make and model.
You can also click the link below for easy and quick registration or to download MySAMIL App.
Mobile App – https://goo.gl/BMpnCf