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The trickiest part of selling a car is determining the asking price. Hence, you never want to ask too much to discourage buyers from inquiring about the car, on the other hand, never do you want to ask too low and have the buyers wondering about the possible problems the car may have. The key factor here is being wise, and testing the waters of your local market. For what it worth, it may be useful for you to know that the most common reason to delays in selling a car is overpricing.
The first thing you need to do is to research the amount being asked by dealers for a car like yours. I am not by any mean suggesting that you are to ask for an equal amount; rather you should at least ask for 15 percent less that the dealer is asking. Your next safe bet is to search your local used car listing, and get an idea of the pricing, try to come out with an average amount. Now that you have appraised according to the market, turn to the experts at the blue book for an accurate appraisal of your car. Look up the private party value in the blue book. Remember, to mention the price in your advertisement, as it is a good selling point.
The final step is writing up advertisement that will sell the car, be honest, provide a detailed evaluation, and talk about any problems the car may have, you should also be willing to compensate the buyer for the approximated value of repairs, however, do not deduct it of the original asking price, rather talk about between the lines. Last but not least, if you want to get a lot of calls mentioned that you will take the best offer, otherwise, if you are looking for serious buyers only, say that it is non negotiable. For more information about selling your car, check out the car selling checklist
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