3 Tips on How to Get the Best Price for Your Used Car

October 18, 2019

If you want to sell your car in Singapore, make sure you’ll settle for a considerable price. Your vehicle deserves a proper send-off, and you can only do so by selling it at the right price.

Fortunately, thanks to the Internet, you have a wide range of opportunities to explore. Nowadays, it’s more convenient to estimate the value of your car. Utilise the Internet and see how much your car would cost on the market!

Don’t worry, selling your car is as simple as 1-2-3. Here are a few tips you should know to get the best price for your vehicle.

1. Know the value of your car

Even the most expert car enthusiasts might find it challenging to get an exact estimate of their vehicle. But with hundreds of other similar used cars on the market, you could at least determine how much your vehicle would cost depending on various factors.

The question you should consider is how much your car would cost depending on its mileage, model, and features. Also, the condition of your vehicle matters the most. How long have you been using your car? Consider these factors to provide an accurate estimation.

Once you’re done calculating the potential price, compare it to other prices online and see if your estimation is reasonable enough to sell your vehicle.

2. Learn the factors that affect its resale value

As previously mentioned, you must know the factors that affect your vehicle’s value. Besides the mileage and model, what exactly are some of the features that could make or break your car’s value?

Brand

The car’s brand will make a significant change to its value. Even if your vehicle is in top-notch condition, buyers might not pay attention to it if it isn’t a Honda, Toyota, or Nissan.

Accessories

Some buyers like to see a car with a handful of features, but most of the time, it only adds more to its maintenance costs. If your vehicle is loaded with too many accessories, ditch these parts instead to lower the car’s maintenance cost.

Interior and exterior

The interior and exterior will determine the buyer’s first impression. Remember, even the tiniest details regarding your vehicle’s exterior will affect its resale value. For instance, bumper stickers, dents, and scratches—no matter how minor—can be detrimental to the vehicle’s value.

As for the interior, some of the factors include odour and damages to the upholstery. To give your car a 100% hygiene makeover, hire a professional cleaner to get it cleaned for you.

3. Ask an expert

If you’re still confused about your car’s resale value, ask an expert such as a used or scrap car dealer in Singapore to give you sound advice. They know the latest trends and changes in the used cars market, so it’s wise to get an insight into selling second-hand vehicles.

They can assess your vehicle’s condition, and conclude a definite price that’s suitable for selling. Also, they might even sell your car on consignment, if you favour the said option.

Want to sell or scrap your car? Contact SGCarTrade at (65) 9017 2762.

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