Car Selling Tips Explained; Second Hand Car Resale Value (Tips & Tricks) | Important news- Want to change old car this festival: Increase resale value in this way, take 9 precautions while selling old car.

The festive season is going to start soon. During festivals like Dussehra, Dhanteras and Diwali, car companies launch new vehicles and offer huge discounts on old stock vehicles from dealerships. In such a situation, people want to sell their old car and buy a new car. However, selling an old car is not as easy as it seems. When you plan to sell your old car, the first question that comes to your mind is whether you will get the right price for the car. What to do so that the car gets sold quickly and easily and also gets a good price.

For this, there is a need to take care of some things, take some precautions and enter the second hand car market with complete preparation.

so today needed news In this article we will talk about what things to keep in mind before selling your second hand car? You will also learn that-

Expert: Tutu Dhawan, Auto Expert (New Delhi)

Question- How big is the used car market in India?

answer- According to a report by Indian Blue Book (IBB), the used car market in India is continuously growing rapidly. Around 51 lakh second hand cars were sold in FY 2023, while this number is expected to increase to 1.09 crore by FY 2028. This means that the market for second hand cars may double in the coming 5 years.

Question- On what factors does the resale value of an old car depend?

answer- The resale value of a car is the price at which a person wants to sell his second hand car. Car owners are often worried about how to resell the car to the customer at the maximum price. But what will be the resale value of your second-hand car depends on many things. The graphic below outlines some of the factors that affect the resale value of your car.

Question- How can you increase the resale value of a second hand car?

answer- No matter how much care we take, our cars age with time. However, when we plan to sell it, we have to pay attention to every single aspect of the car. So if you want to sell your second hand car at a good price, then keep in mind the points given in the graphic below.

Question- How can we know the real market value of a car?

answer- If you want to know the exact resale value of your second hand car, then you can investigate it on many factors. Such as-

Check Online Websites: You can also know the value of the car through internet from different websites. There are many famous websites like CarDekho.com, CarWale.com, OLX.com and Quikr.com, where you can compare your second hand car with other cars.

Get rates from car dealer: You can also visit different car dealers to know the current market value of your second hand car. For this, give correct information to the car dealer about your car’s model number, kilometer reading and condition.

Question- What precautions should be taken while selling a car?

answer- Nowadays, many types of scams are happening in the name of buying a car online, in which cyber thugs ask for bank details and personal information from people in the name of money transfer. Therefore, there is a need to be very careful and cautious while selling a car. With a little carelessness, you can fall into the trap of a fraudulent dealer or cyber swindler.

Understand from the graphic below what kind of precautions should be taken while selling a car.

Question- What things should be kept in mind while selling a car online?

answer- If you want to sell your car online then keep these main things in mind.

Upload a good photo of the car

Good photos of the car attract the customer. This gives buyers confidence that the car is in good condition. Therefore, upload clear photos of the car interior from all angles.

Write honestly about any damages

Be clear about any problems or damages your car has in your photo and description. For example, if there is any dent or scratch somewhere on the car, then upload its photo. Having accurate and correct information will enable people to connect with you. Will be interested in your car despite some wear and tear.

Do not use old photos

If you upload a dummy or old photo of your car instead of the actual photo, it is cheating the customer. Therefore upload the photo of the current condition of the car. With this you will save your time as well as the customer’s time.

Hand over the keys only after the documents are transferred.

Before handing over the car to the customer, ensure that the ownership has been transferred from your name to the customer’s name or not. The car keys should be handed over to the customer only after the documents are transferred. This makes you legally secure. Also you can avoid any kind of dispute in future.