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  How Much Should I Ask For My Car?

 

  by Khalid R. Mustaffa

 

 

You are selling your used car, either because you want to get rid of it, or because you need the cash to use for your next used or new car purchase.  No matter what the reason is, and whether you are a Houston resident or live in any other city in the nation the pricing process is very comparable.

o       Testing the waters of your local market.      

o       Research the amount being asked by dealers for a used car like yours. 

§         Cars in Houston is not suggesting that you are to ask for an equal amount; rather you should at least ask for 15 percent less that the dealer is asking.

o       Search you’re the Houston Chronicle classifieds.

§         Get an idea of the pricing, try to come out with an average amount.

o       Now turn to the experts at the blue book

o       You are to be provided with an accurate appraisal of your car.

o       Make sure you use the zip code you are selling the car in, Houston for example is 77057.

§         Find the private party value in the blue book.

§         Mention the price in your advertisement, as it is a good selling point.

  • Never ask for too much to discourage buyers from inquiring about the car.

  • Never ask too low and have the buyers wondering about the possible problems the car may have.

  • Writing up advertisement that will sell the car

    • Provide a detailed evaluation, and talk about any problems the car may have.

    • Be ready to compensate the buyer for the approximated value of repairs.

      • Do not deduct repairs from the original asking price

        • Talk about between the lines. 

    • If you are looking for serious buyers only, say that it is non negotiable.

    • If you want to get a lot of calls, mention that you will take the best offer

     

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