Several trusted business sources have projected that there is one car per person in Malaysia. In densely populated cities and townships in the Federal Territory and nearby vicinities, the number of cars per household ring up to three, one each for a three-member family.
Malaysians love cars, however plenty still consider it a tool to get from point A to B. There are some who drive a car until it is obsolete and some see the need to change every couple of years. People change cars for several valid reasons; the car’s been involved in an accident, upgrade to a better car and a need to keep up with the status quo.
Are you planning to sell your used car, here are five important facts to know:
- Your car’s worth
- Repair and maintenance costs to improve resale value
- Your desired selling price
- Sell the traditional way or online
- Hassles of selling from paperwork to ownership transfer issues
Your car’s worth?
Your car’s selling price is usually based on fair market value which is observed by credible sources. You should get an indicative price for your car by doing some research online. A lot depends on the condition of the car and the car’s brand. If you’re selling a Proton, Perodua, Honda or Toyota, chances are your car’s market value is higher than other brands. This is just how it works in this country. At the end of the day, you decide whether to sell your car at an offered value or not. Remember, the faster you sell the better the car’s value is. If it takes you a longer time to sell your car then the value would depreciate.
Other factors to consider when selling your car are the average price, upgrades, mileage, general condition and nitty-gritty things. If you know someone who’s a car buff, you might want a second opinion before putting your car up for sale.
Repairs and maintenance?
When you want to sell your car it is important to ensure that the car is in somewhat tip top condition. It’s only logical to maintain and have the necessary repairs before you sell it. However, you shoudn’t go overboard on repairs and maintenance. For a start, your car should be free of dents and is polished or waxed before selling. If the car has an accident or sustained major damages, it is advisable to produce the proper documentation to convince buyer that the car’s all good although the price might drop a little as compared to a relatively flawless car.
Desired selling price?
Those looking to sell their cars by themselves will need to know how to negotiate. Often times, negotiation will be the most important part of the selling process, as experienced buyers will look to lower the sale price. Without proper knowledge and negotiation skills, car owners can even end up potentially getting far less than they deserve.
A seller should look into relevant data and trusted marketplaces to accurately gauge the car’s value. Proper documents must be accompanied, obviously. Sometimes, it takes longer than expected to sell, but if you do it right the selling process could be quite breezy.
Sell the traditional way or online?
Online marketplace is scary whether you’re a seller or buyer. Whether selling your car online or selling it the traditional way, there’s just too many frauds. So how do you do It securely and safely? To ensure security, car owners should find the time to meet potential buyers, preferably at public places. Plus, test drives should be kept in populated areas. A seller must always accompany the buyer when test driving and that’s a no-brainer!
Hassles of selling from paperwork to ownership transfer issues?
Selling a car on your own can be a long, arduous process that requires some time, effort and a bit of knowledge. To avoid all the hassles and ensure you sell your car easily, at the best price and at your absolute convenience, use myTukar, a trusted & transparent online car selling platform, to eliminate the hassles of selling your car. In as swift as 24 hours, minus the paperwork, you’ll sell your car at the highest market value. All it takes is three simple steps: schedule an inspection appointment, live bidding & accept sale value and get paid within 24 hours.