I’m an automotive expert and these FIVE things could net you an extra $5,000 on your used car sale – how much did you make?
With daily costs rising and fuel prices rising, owning a car is becoming more and more unaffordable.
As a result, many car owners may be willing to cash in their vehicle and find a cheaper alternative.
But the decision shouldn’t be taken lightly and, according to one automotive expert, there are many elements that need to be carefully considered to help drivers get the best price for their used car.
Now, the experts at CarMats.co.uk have shared five ways to make thousands of dollars on your used car.
An engine expert has shared five ways to make thousands of dollars on your used vehicle – and car owners may have overlooked some of these simple steps.
1. Keep it clean – worth around £200
According to experts, leaving your car cluttered with trash and trash could hurt its resale value.
They said: “An immaculate exterior and clutter-free interior creates a positive first impression for potential buyers, as it shows the car has been well maintained. »
Small investments such as quality car mats and seat covers could protect your vehicle from wear and tear and increase your profits by around £200.
2. Clean up any minor cosmetic scuffs and scrapes – worth around £1,000
Even if car owners don’t think that small scratches and imperfections on the car’s exterior will make a difference, it’s certainly something that new buyers will notice.
But according to the experts: “Repairing small scratches is not as difficult as you might think, all it takes is a little T-Cut and a little elbow grease. »
If you want to make profits of up to £1,000, they advise you to take care of it before selling.
Small scratches could make all the difference when selling your car and could put off potential buyers, experts say.
3. Stay up to date with services – worth around £2,500
According to experts, regular maintenance of your car will not only improve its performance on the road but will also improve its resale value.
They said: “Having your car serviced regularly adds a strong selling point, as potential buyers are often willing to pay extra for a car that comes with a full service record.
4. Assess which seller is right for you – worth around £1,200
Although there are different platforms available to sell your car, from eBay and car dealers to Facebook Marketplace. Experts say it’s best to avoid quick sale sites.
They said: “It can be tempting to opt for the convenience of selling your car to a dealership or fast sales company, but if you want to make as much money as possible, selling privately can increase your profits up to 10%. ‘
5. Make sure all car documents are organized – worth up to £5,000
Finally, drivers should make sure their affairs are in order before selling their car.
They said: “By presenting a full set of documents in good condition, you tick the buyer’s boxes and make your used car an attractive option.”
According to experts, this could increase your profits by £5,000 as they are sought after by new buyers.
Ash Young, managing director of CarMats.co.uk, added: “When selling your used car, don’t overlook the impact of regular services, maintaining the interior and exterior of your car and private sale. In today’s tough economic climate, these steps can make a significant difference.