When selling a luxury vehicle, you have multiple options at your disposal to get the job done. Online selling sites are helpful, but vulnerable to buyer scams which in turn makes you vulnerable too. Therefore, if you are looking at using the internet, which is the easiest option to sell any used vehicle, it’s best to have your eyes wide open and your brain switched on. Whichever way you decide to do it, here are some useful tips for selling your exotic car.
Accept There Will Be Non-Genuine Interest
Luxury vehicles are attractive assets and a desire of many. Therefore, if you are selling one, expect to get a few calls from people who are never going to buy your car but really want to look at it and show interest nonetheless. These experiences, while frustrating, are a part of the process that is just unavoidable.
Research a Realistic Asking Price
What price did you have in mind? Whatever your answer is, it’s better to double check and cross-reference similar vehicle listings online to see whether or not what you’re asking for is reasonable. If it is too high, you will not get many hits. If it is too low, you will lose money on the sale. Luxury car pricing in the used vehicle market differs from non-exotic models so it is worth looking into. Depreciation is a factor, and you can’t ask for the same price you bought it for if there is visible wear and tear. Of course, inflation is also a factor and used cars, especially luxury brands, are in high demand with ever soaring prices currently.
Expect Hagglers
When you have a price, people still might try to argue with you. This is known as haggling in the sales world, and is an expected component of any B2C journey, especially in non-commercial settings. As the owner, you have the right to not waive. Yet, sometimes accepting a lower offer is still lucrative and if you haven’t had much interest, and it may be your only option. Some people prefer to wait it out until they get their ideal match.
Outsource the Task
Often, with something as niche as a luxury car, it is useful to enlist external services and outsource the process entirely. Getting a price from a reputable car buying company when you are looking to sell your exotic car is a good starting point. They have the industry knowledge that you don’t possess and know a good deal when they see one. It is also a great way to properly ascertain the true value of the vehicle. There is a better chance of acquiring a fair price and not being messed around by scammers when you chose this option.
Tidy it Up and Be Honest
Where there is work to be done, do it! The interior has to be sparkling clean and the exterior should be tidied up as well. If there are scrapes and scuffs, these need to be clearly advertised for fairness’ sake too. Provide the service history and be upfront about any work that might need to happen internally.
All these factors mean, as a seller, it is your responsibility to find the perfect selling price. Be fair, open to negotiation, and accept that the process may not be as fast as with other types of vehicles.