Easy Ways to Sell an Old Car in Ontario

Easy Ways to Sell an Old Car in Ontario

Posted on January 21, 2022

When it comes to selling used cars in Ontario, there is a right and wrong way. We will show you a pain-free way to sell your used car.

Why do you want to sell your used car?

This may sound like an odd question, but do you just want to get rid of the car, or are you looking to get the maximum amount of money from it? The more money you want to get from the sale, the longer you need to wait.

You are more likely to find a buyer willing to make an offer quickly if the car is being sold for less than what it is worth.

Pricing your used car

Calculating the asking price for your used car may seem daunting. Most first-time used car sellers are overwhelmed with information, but we have a shortcut.

Check out what your make and model is selling for on AutoTrader, take all the prices, and average them out. The result of that calculation is the asking price for your used car.

If your price is high, it will scare off potential buyers, and if the price is low, then prospective buyers will try to lowball you even further.

Creating a compelling used car advertisement

You need to write up a clear and concise description of your used car. Do not use too much filler content and avoid using vague language. Instead of saying “low mileage,” say the exact mileage.

Prospective car buyers are looking for cars that stand out and catch their attention. If your advertisement provides the critical information in an easy-to-process format, it gives you an advantage.

The quality of your photos will also impact the success of your used car advertisement. Most of us are accustomed to watching 4K videos, so take a video of your car inside and out with the highest possible video quality.

Putting in this extra effort will demonstrate just how serious you are about selling the used car. Before you can sell the used car, you need to download the used car sales kit issued by the government.

No one likes Government red tape, but this kit helps protect you and the buyer from any administrative hiccups.

While on the subject of hiccups, you should only deal with buyers that you can meet in person (while observing social distancing requirements.) If you don’t meet the person face-to-face, you could be exposing yourself to scammers.

The ultimate used car selling hack

When you need cash for your used car quickly, then you can bring your vehicle down to your local car dealership.

The dealership will give you an appraisal on the car, so you know what it is worth in the current market. If you accept the offer, the dealership will pay you right away.

This is the quickest and most straightforward way to sell your used car when you need money fast. The dealership cannot pay 100% of whatever the vehicle is worth. They will need a margin so they can resell the car for a profit.

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