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Carfax's Used Car Selling Guide!

2021-11-24

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Author: Carfax Canada - www.driving.ca

If you're looking to sell your used car, you may not know where to start. We can help make sure you're set up for a quick and easy sale, while getting the best price. There are the things to consider, and a few questions you may need to ask yourself before selling that used car.

Should I trade in my car or sell it privately?

Trading in your car at a dealership is an easy sale, but you might not get as much money for the car as you would if you sold it privately. When a dealer buys your car, their offer will account for the money it will cost them to recondition the car so they can sell it and make a profit. Any little scratch, dent or upholstery stain will need to be fixed, and the cost of that repair will likely impact the trade-in value and be deducted from your offer. On the plus side, you won't have to worry about having these repairs done yourself – it'll all be taken care of for you.

While you may sell your car at a higher price by doing it privately, in some provinces there are significant tax savings to be made by trading it in to a dealer. Check out the regulations in your province to find out if the savings alone make it worthwhile to trade in the vehicle.

When you sell a vehicle privately, it is your responsibility to market the car, comply with any provincial requirements and negotiate with buyers. It will take longer and require more effort, but sometimes the increased profits are worth it – a decision that every used car seller must make.

What's my car worth?
Setting a competitive asking price is key to selling your car quickly for the best amount possible – price it too high and shoppers will scroll on by, but price it too low and you may not get as much as it's worth. The CARFAX Canada Value Range tool considers what similar cars have actually sold for in your area, and then provides you with the average price that they were purchased at.

What can impact my used car value?
The value of a car depends on factors including its history, mileage and condition. Accident history impacts auto value, so make sure you're aware of everything that's happened in the vehicle's lifetime, and be transparent about that information with the buyer. Being upfront with the information will help you build trust with the buyer, and give them the tools they need to make sure any damage has been properly repaired. A CARFAX Canada Vehicle History Report is designed to build this transparency and can help you back up the information you've provided.

When looking to sell your car, keep in mind these factors, they can also impact the value of a vehicle:

Colour
If it was smoked in
Number of previous owners
Service history
Extended warranties
After-market features
Extras like winter tires
Recent replacement of brakes, battery etc.
How do I get a car ready for sale?
If you decide to sell your car privately you'll have to attract buyers to make a sale. Make sure your vehicle looks its best in your online listings by giving it a good wash and taking great photos that emphasize its best features. Wait for a clear, sunny day and make sure you snap those pictures in a clean, well-lit environment. Have the vehicle detailed and clean out any stuff you have laying around – no one wants to smell your hockey equipment or last week's Tupperware when they open your trunk before the test drive.

Continue reading HERE!

Source: https://driving.ca/features/feature-story/used-car-selling-guide

Visit our website for many more details and pictures at www.ComoxValleyHyundai.com
We are a family-run, locally owned and operated dealership in the Comox Valley on Vancouver Island specializing in new and used vehicle sales, and servicing all areas of the Comox Valley including Courtenay, Comox, Campbell River, Parksville, Nanaimo, Victoria and all of Vancouver Island.  Call us toll-free at 1-833-947-1259 or locally at 250-334-2441.
Come visit Vancouver Island's Premier pre-owned vehicle location centrally located across from Costco at 555 Silverdale Crescent in Courtenay, BC. We have an exceptionally large and fully reconditioned inventory with a complete 155-point inspection on every vehicle! Plus, you'll find hundreds more online to choose from. We also service all makes and models with 6 service bays. Tour our welcoming facility, meet our staff and join us for a coffee!
Along with our fine line of New Hyundai cars and Used Hyundai vehicles, we market pre-owned import and domestic brands of quality Cars, Trucks, Vans, CUV's and SUV's. You name it and we will find it! Plus, we can help you get into the car or truck you need, no matter your current credit situation, without hassle or delay. Let us help you!
For more than 35 years, Comox Valley Hyundai has been a trusted and respected car dealer in the Comox Valley on Vancouver Island. We are dedicated to ensuring that you go far in a used car or truck, and it starts with an exclusive inventory of quality, reliable used cars and trucks, and a financing service that can provide you with guaranteed approval, help you restore your credit, and get you the best rate possible for your needs and situation.
Comox Valley Hyundai - MVSA Certified #40577
 

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