Our cars contain sentimental value to us until such time that we need to replace it or if we just need it to be exchanged for something else. This one also applies to buy and sell which is a pretty talked about topic here in the Philippines. A lot of people tackle cars and use it to earn a living – maybe from parts, repair, knowledge, or just plain selling it. It not easy to sell a car although it is not difficult as well; you just need to know certain things in doing so. We will be teaching you a couple of techniques and we’ll be giving you tips on how to sell your car here in the Philippines.
Aside from the car, there are also things you need to take notice of in order for you to be flawless and successful in monetizing your car. The things that you need to prepare are:
- A blank deed of sale for your car
- Official Receipt of Payment of the car (OR); and;
- Certificate of Registration (CR)
Have a heart-to-heart with your vehicle
If you aren’t an enthusiast, chances are you won’t know a thing or two about the most important features, characteristics, and metrics of your car. For example, if it has a not-so-high engine, it consumes less gas hence, they would save up for gas with your car – things like that. Evaluate your car, ask people about it and then set the price for it.
Sell or trade-in?
There are car dealerships wherein your can trade your car for a new car-purchase and this option is a thing you need to consider if you are looking to sell your car looking for a new one. In this way, you will be able to directly use the resale value of your vehicle against the new one you’re eyeing for. You can also have your car traded in for money but take note that the price might not be as high as you might think because dealers anticipate this.
If you’re into buy-and-sell, going to dealers might not be the best idea for you because of what they offer. The best thing to do if you’re in this business is to find real buyers and use your negotiating skills to get to the price that you want.
Post it online
A lot of people undermine the power of technology because most people stick to the literal “word of mouth” technique. Post your car online and give not too much information about it. Do not give the exact price or post a price slightly higher than the price you are aiming for because expect that people will negotiate and negotiate.
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Post it in Facebook, tell your online friends about it, post it on OLX, trading sites, and to other internet platforms you can get your hands on to maximize the use of the modern technology.
Most car buyers would know jargons, terminologies, and other relevant stuff that revolve around cars. Be prepared for that because you do not want those people to outsmart you. People will always play the game on you because cars are somewhat necessities and of course, they want to get their hands on one in the most convenient, easiest way possible.
Do your homework; know your car (if you aren’t an enthusiast) and fight for it. You own the car anyways so they cannot be more knowledgeable than you when it is your car being talked about.
Things to remember:
- If you post it online, make sure you have photos of the exterior and the interior of the car. It is always advisable to outrun your buyers so that they would not ask anything from you anymore.
- BE HONEST. I cannot emphasize this enough. Not being able to do so can cause to serious major troubles so you better be honest firsthand. You can be brought to court, you can be jailed, you can have bad feedback, anything could happen if you fail to import information about your vehicle.
- It is always best to ask around if you are not really sure about something. There are forums online, groups, talks, even seminars to help you with your dilemma. Do not assume because this can lead to you being outsmarted or you being tricked.
These are the simplest tips to help you sell your used car here in the Philippines. As you can see, it is not that difficult if you just know the ins and outs of your vehicle. Study it, evaluate it, and then proceed with your process – It’s your car so you should be the one steering the wheel.
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