Whether you want to upgrade your current car or want an instant big amount, selling a car in Singapore can seem pretty daunting. We all want quick and smooth selling. People often miss some essential car selling factors that lead them to greater financial loss. You can make the most of your used car by learning essential sale tactics and get a competitive market sale price. There are many options where you can display your car. You can look for online car selling platforms, private selling or car dealership in Singapore. Whatever platform you choose, you must avoid common mistakes that can lower your profit margin.
One of the best places to sell your car is at Delgrow Automotive. We are known for reliable, fast and smooth car dealing. Let’s drive you some commonly known mistakes while selling a car in Singapore.
7 Mistakes You Must Avoid While Selling a Car
Pre-planning is essential for fruitful results. You must have sound knowledge about marketing tips and selling techniques to maximize your intended profit.
- Not Knowing Car’s Resale Value
Car experts suggest considering resale value while buying a car. If you missed the point while buying, it is essential to consider it while selling. Depending upon the condition, mileage, and other significant factors, you must analyze resale value and market prices. People fix the price without doing much research, leading to greater loss or no sale if you have priced exceptionally high.
If you can’t find a reliable source, you can connect with Delgrow Automotive to learn about your vehicle’s resale value.
- Not Being Patient
Some have good luck in selling their car easily and faster. It does not mean you will get your ideal client instantly. You must be patient while choosing the right buyer. Do not rush to lock the deal on the first offer. Wait for more offers and see if you can’t find a buyer who agrees to your terms and price.
Always keep a margin for bargaining. Every buyer will negotiate at first. Price your car a little higher than your expectations. Once the buyer bargains, you can lower near the actual price and ensure the potential buyer that you have compromised on the price for his sake.
- Expensive Car Repairs
We have rough car experiences. It is okay if you have a few dents, but they are essential to repair before selling. But do not go for an expensive repair to make it look like a brand-new car. It is a used car, so the buyer will have an idea that he might need maintenance afterwards. Spending too much on car repairs will lower your profit margin. You will price a little higher than market resale value and might lose customers upon higher price.
- Stinky Car
Your car’s condition can say a lot about your habits. We all go on long drives and get our favourite fast food. But your car should not smell like a burger you had last weekend. Buyers will notice how you maintained your car. They will take a test drive and look at the car’s interior. If he finds wrappers and an unpleasant smell, it will create a bad impression about your vehicle. Your automobile should have an enticing visual impact to impress the buyer. Before you put on the ad, take your car for a deep cleaning service.
- Incomplete Official Documents and Lack of Verification
While selling a car in Singapore, you need official documentation for the legal transfer of car ownership. You can get into legal trouble if both sides have missing or incomplete documentation. This is one of the reasons that selling your car privately has greater risks.
Car dealership Singapore offers a safer and trusted platform where the team can help you know about essential documentation and legal process for car transfer.
You must verify the potential buyer’s identity to ensure you are not being scammed. If you find something unusual, it is better to ignore the offer rather than risk a financial loss.
- Bad Online Advertisement
The internet has provided us with endless opportunities for buying and selling products. There are various platforms where you can place your advertisement and get valuable responses and customers. But you must know how to craft a compelling car advertisement. It would be best if you took good quality car pictures from various angles. Your description should include the necessary information about the car’s condition. Provide a valid contact number so potential buyers can easily connect with you.
No matter how efficient your used car is, a poor advertisement can make it look substandard.
- Hiding Accident History or Damage Records
You have to be fair in your car dealing. It is often assumed that exposing rough car experiences lead to loss of potential buyer or devaluing. But it is better, to be honest than to hide about car damage. If a person buys your car and finds out later about bad car conditions or accident history, you can be in trouble and might get sued by the prospective buyer.
Want an Easy Way Out?
All these factors might seem a lot to keep up with. There is a better and easier way to sell your car without a fuss. Delgrow Automotive provides a worry-free car selling experience. We have contributed years of excellence in car dealership Singapore and gained the trust of our satisfied customers. Our services will help you build a better car condition and provide a competitive resale price near your ideal price.
With us, you can get your dream ride!