Friday, September 21, 2007

What I Learned: Selling a vehicle

1. Consult the Black Book as a starting spot for pricing.

2. Check out used vehicle listings to see what comparable vehicles are available and what they are selling for.

3. Know what you are selling. Get the specs sheets and have them handy when you are taking calls from prospective buyers.

4. Having a declaration of repair on your vehicle is like a kiss of death for your selling price. Dealers have an immediate standard deduction off what they will offer if there is a dec, and it's large.

5. Getting a dealer offer is sobering news. They will tell you that their dealer worked extremely hard to bring the offer up to what you would like to receive, but it will still be low.

6. Be ready for a lot of enquiries, but don't expect many of them to translate into true opportunities to sell.

For Sale by owner: 1999 Sonoma 2WD, 4.3 L Vortec V6. 5-speed manual transmission. Extended cab (3rd door). Sportside body, sport suspension. Black with grey interior. Single owner. 65,000 km mileage. (Update: SOLD on September 22.)




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