What’s My Car Really Worth?
What is My Car Really Worth?
by Dan Rosenberg, CEO of Cash for Cars™ and host of CBS Radio’s Car News w/Dan Rosenberg.
When selling your car there is one VERY important factor that you must consider before all others… the selling price. To determine this, you must first answer the following questions:
- How fast do I need to sell the car?
- How much time do I want to put into the sales process?
- How much work do I need to do on the car to get it ready for sale?
|by CBS Radio’s Car News host Dan Rosenberg|
How Fast Do I Need To Sell The Car?If you are looking to get rid of a vehicle yesterday, there are some great options. If you are in no hurry, there are others. Some cost money, while some are free. Some will get you more money and others, less. The fastest, easiest way to get rid of any car is to contact Cash for Cars™. We’ll get you a fast, free offer on that car with no hassles. If you are not in a hurry, you could post the car on sites like Craigslist (for free) or AutoTrader.com (for $25 to $359) or Cars.com (for $15 to $55.) Depending on the year, make and model of the vehicle, you may sell it quickly or it may take weeks, even months to sell it this way. Why? Because you are competing with professionals on all of those sites that are also selling cars much nicer, and sometimes less expensive than yours. With our site, CashForCars.com, you get an instant offer no matter the year, make, model, mileage or condition. Try listing a car that doesn’t run or has body damage on a paid site. You won’t get too many calls or emails on it.
How Much Time Do I Want To Put Into The Sales Process?Are you a car salesman? Do you want to be? Most likely, the answer is no. If you want to get your car ready for sale, (see the next paragraph for more info on that,) market your car, demonstrate your car, take it on test drives, negotiate the final sale price of your car, handle payment collection and paperwork, then selling a car by yourself is worth every extra dollar you’ll get by doing it yourself. You have to determine what your time is worth. If it’s worth it, by all means, do it.
How Much Work Do I Have To Do To Get The Car Ready For Sale?If your car needs a complete detail to make it “showroom ready” are you going to do it yourself or pay someone to do it? A good detail (and if you are trying to sell the car for the most money, you’ll need to do a great detail) can cost $100 – $300 depending on how dirty the car is. Are the seats torn anywhere? Are all 4 wheel covers there? Do all of the headlights and brake lights work? How are the tires? Have you done a tune-up or oil change lately? All of these items need to be addressed or no one is going to offer you anything close to what you are looking to get for your car. What about door dings, dents or scratched paint? A quick trip to Maaco can cost you $200 to get these items repaired. Once it’s all said and done, what is it going to cost to make this car look as good as it possibly can? $500? $1,000? $1,500? What if the car is only worth $1,000 totally fixed up? Will you invest money to get it ready for sale?
In our next article, we’ll talk about “Why My Trade-in Is Never Worth What The Internet Said It Is.”
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