NEW YORK ( MainStreet) -- If you've followed conventional personal finance advice, you know most experts advise against leasing a car. Leasing does have benefits (if you can buy the car at the end of the lease and sell the car for a profit), but financially speaking, buying a used car that's affordable and reliable makes the most sense. If your clunker needs to go and it's time to buy another car, selling your existing car is usually a nightmare.From finding the right buyer to dealing with the title, many consumers simply trade in their old car to a dealership in exchange for a different one to avoid the lengthy and stressful process of selling their car privately. We asked experts to weigh in on how to sell your car on your own without any hiccups.
|If the car you're selling was in a major accident, even before you owned it, a potential buyer is going to want to know -- and has a right to.|
You can't get the best price for your car if the engine isn't working properly or the wheels aren't aligned. The car must be in tip-top shape. Michael Bor, founder and CEO of CarLotz, a for-sale-by-owner consignment service for used cars, suggests fixing all mechanical issues first: "If there are issues that you choose not to fix, at least get estimates for the repair so that you can educate the buyer on the magnitude of the problems." Transparency is important -- you don't want to keep the buyer in the dark about potential mechanical flaws. Don't sell a dirty car
If you can't see out of the windshield because the windows are too dirty, how can you expect the car to sell? Curb appeal is important, and although you may think prospective buyers will look past a dirty car, why take the risk? You should even consider waxing the car and completely vacuuming and polishing the inside. Even though it's a used car, it should look, smell and feel new. Don't be surprised if you get a higher price when your car is immaculate.