05-29-2013, 12:03 AM
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#1
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Franchise Player
Join Date: Feb 2011
Location: Somewhere down the crazy river.
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Any tips on selling a car?
So after putting in a bunch of money for maintenance and engine repairs, I have been considering selling the car now before it becomes more of a potential money pit to me.
I am wondering what the best way to tackle this would be. Should I try to improve the condition before selling it, or just sell it as is? There are a few cosmetic issues - paint chips, fender scuffs, missing hubcaps, cracked windshield, worn floor mats, squashed block heater plug. Is it worth it to get those corrected first?
This year alone, I just put in about $4500 for major maintenance and engine work on my '04 Impreza. Optimistically I could maybe get $6000 through a private sale. Alternatively, I could choose to not put another cent into it, except for oil changes, for one or more years which would be roughly equal to new car payments and in a way make it worth keeping it.
I don't really care so much about driving a new car per se, but if I will be putting nearly a years worth of car payments into an old car it doesn't make sense anymore from a financial and convenience aspect.
Thanks.
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05-29-2013, 12:07 AM
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#2
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Franchise Player
Join Date: Jul 2010
Location: Calgary - Centre West
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We just had a thread on this, if I remember correctly, but of course I can't find it.
Short of washing it to make it look slightly better, you aren't going to see much more money out of that car, and if the work you put into it doesn't raise the value by more than you spent on doing it, it was pointless.
__________________
-James
GO FLAMES GO.
Last edited by TorqueDog; 05-29-2013 at 12:09 AM.
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05-29-2013, 12:40 AM
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#3
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Franchise Player
Join Date: Feb 2011
Location: Somewhere down the crazy river.
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Quote:
Originally Posted by TorqueDog
We just had a thread on this, if I remember correctly, but of course I can't find it.
Short of washing it to make it look slightly better, you aren't going to see much more money out of that car, and if the work you put into it doesn't raise the value by more than you spent on doing it, it was pointless.
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I thought so too, but my search for "selling cars" didn't yield anything.
You're right, but I was hoping for a relatively quick and painless sale more than anything if I decide to sell it rather than keep driving.
Otherwise would it be better to price it higher and give some concessions later for the stuff that needs work, or should it be priced to already reflect that stuff? This will be the first time I have had to sell a car, so just wondering about how much haggling I will have to endure. Is it a foregone conclusion that people will haggle regardless of how the price is set?
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05-29-2013, 12:48 AM
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#4
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Franchise Player
Join Date: Jul 2010
Location: Calgary - Centre West
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Pretty much, I don't think I've sold a thing that the inevitable buyer hasn't haggled with me on price. That goes for furniture, hockey tickets, cars, you name it. Start just high enough that you have some room to move, but low enough that people don't think you're completely out to lunch and ignore your ad.
Best strategy is to make the car look as good as possible while investing as little actual money as possible. No one is going to want to buy a filthy car.
__________________
-James
GO FLAMES GO.
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05-29-2013, 12:57 AM
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#5
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Lifetime Suspension
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Quote:
Originally Posted by Wormius
There are a few cosmetic issues - paint chips, fender scuffs, missing hubcaps, cracked windshield, worn floor mats, squashed block heater plug
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Look at it from a buyers perspective. If you were looking for a car like yours, you would go with a car that didn't have a cracked glass, missing wheel cover, worm mats. Grab some compound and polish out the scuffs as best as you can. And at the very least replace the mats with something that is not ugly, clean the car inside and out, get a new wheel cover if you can.
The key to selling is presentation. If it is spotlessly clean and shiny, people will tend to buy with emotion and overlook the smaller stuff. Always always take good pictures in good light. Again, people will buy with emotion, when they see a great looking car in the ad, the idea of how good the car has already been formed, and when they see it in person whatever flaws they find will probably be rationalized away.
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05-29-2013, 07:13 AM
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#6
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Franchise Player
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Quote:
Originally Posted by TorqueDog
We just had a thread on this, if I remember correctly, but of course I can't find it
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I think it came up in the general automotive thread.
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05-29-2013, 08:25 AM
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#7
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Playboy Mansion Poolboy
Join Date: Apr 2004
Location: Close enough to make a beer run during a TV timeout
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Quote:
Originally Posted by Wormius
This year alone, I just put in about $4500 for major maintenance and engine work on my '04 Impreza. Optimistically I could maybe get $6000 through a private sale.
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Make sure you also price it for what it is worth; not what you put into it. So many times I see people looking to "get back" the money they "invested." That money is gone. It might be worth a little more to a buyer that certain things are looked after, but once again take a step back and look at it from a buyer's perspective.
The other thing is don't get lazy with your posting. So many times I see car ads without vital details like year, model, mileage, price, transmission, etc. Also make sure you have several good pictures.
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05-29-2013, 08:35 AM
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#8
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Scoring Winger
Join Date: Jan 2009
Location: Calgary
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Change the windsheild and get the car detailed as best as possible. Used is used and if people are expecting a brand new car than they need to go to the dealership not kijiji
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05-29-2013, 10:08 AM
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#10
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evil of fart
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Quote:
Originally Posted by Hevishot
Change the windsheild and get the car detailed as best as possible. Used is used and if people are expecting a brand new car than they need to go to the dealership not kijiji
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Though it may not pay off, I'd take care of the windshield as well in your shoes (provided you can get it for like $150 or something), but that's the only thing beyond a detail. Don't forget to clean under the hood. It'll take you like 20 minutes, but that alone will sell the car. Not many people do that so it makes yours stand out. Use Armour-All or whatever on any plastic or rubber under there, too.
If you aren't good at detailing a car, get an Express Detail done at the place in Avenida. It's the next best thing to a full detail, only takes 30 minutes or so, and is about $150. People who aren't good at detailing, but try anyway, always do a bad job IMO. It's almost better if they don't even try.
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05-29-2013, 10:31 AM
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#11
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Franchise Player
Join Date: May 2009
Location: Glastonbury
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Agree on all the presentation points...and the windshield. Most people respond favourably to that single thing...aesthetics I guess.
__________________
TC
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05-29-2013, 10:34 AM
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#12
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Franchise Player
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write one of those whimsical ads on kijiji - you know where you say this impreza is a real he mans vehicle and you have used it to outrun drug lords while making out with fotze's mom.......
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If I do not come back avenge my death
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05-29-2013, 11:22 AM
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#13
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First Line Centre
Join Date: Oct 2006
Location: Fantasy Island
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Bring someone with you on your test drive and maybe take down the info from the driver's license of whoever is checking out your car. The story about that guy from Hamilton freaks me out.
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05-29-2013, 11:58 AM
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#14
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Franchise Player
Join Date: Jul 2010
Location: Calgary - Centre West
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Quote:
Originally Posted by Smartcar
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Nah, I think it was the general automotive thread.
__________________
-James
GO FLAMES GO.
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05-29-2013, 12:27 PM
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#15
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Appealing my suspension
Join Date: Sep 2002
Location: Just outside Enemy Lines
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I will be selling my 2006 Rav4 and my plan is to replace the windshield and cracked glass on the side mirror. Other than that clean it up as best as I can, and make sure none of the warning lights come on. It's a used car that will cost about $3000 less than if it's bought at a dealership. The buyer can assume some risk.
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Patriots QB Tom Brady
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05-29-2013, 02:37 PM
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#16
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Posted the 6 millionth post!
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Anyone know how important it is to replace a Power Steering reservoir before I sell my car? I understand the P/S flush but the reservoir is an added cost. Any tips would help!
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05-29-2013, 03:38 PM
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#17
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Franchise Player
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Quote:
Originally Posted by Ozy_Flame
Anyone know how important it is to replace a Power Steering reservoir before I sell my car? I understand the P/S flush but the reservoir is an added cost. Any tips would help!
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Unless it's cracked and leaking I'm not sure why you'd replace it.
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05-29-2013, 03:46 PM
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#18
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Posted the 6 millionth post!
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Dealership said it was really dirty.
Can it just be cleaned?
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05-29-2013, 03:52 PM
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#19
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evil of fart
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Do nothing dude. Who cares if it's dirty.
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05-29-2013, 08:39 PM
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#20
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Lifetime Suspension
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Quote:
Originally Posted by Ozy_Flame
Dealership said it was really dirty.
Can it just be cleaned?
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Don't see why it can't be cleaned, although some I've seen the plastic degraded. But as mentioned if it doesn't leak, zero reason to replace it. Dealerships love to try and find things wrong and charge you top dollar to fix. On a friends car the dealer claimed the power steering system was leaking. I put the car on ramps and didn't find a single drop leaking anywhere.
Flushing the PS system is a really good thing to do though. Anyone can do it using a turkey baster (don't laugh) you simply draw out fluid, add fresh back in and run the engine for a few seconds. Repeat the process 10-15 times and you've replaced most of the fluid.
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