Things to Think About When Setting a Price for your Used Car From Matthews Toyota

Jul 17, 2012

Setting the right price for your used car is a mix of gut instinct and clear thinking. Your friends at Matthews North Carolina Toyota are going to share some insider information to speed the process along.

Research, research, research

Using sites such as Craigslist, eBay Motors, or even Google to help jump start your search for a price for your vehicle. Knowing what others are selling similar cars for will get you an edge on the competition.

If you have an older car or a rare car, it could be hard for you to come up with a price. AutoTrader Classics or Hemmings are great places to start your search. If they don’t have similar listings there, then try using Google to find your car or asking a mechanic that specializes in classic cars.

Follow the 9s

This is an insider trick that involves a little understanding of psychology. If you determined your car to be worth $4,000 and you see in the local ads cars priced in the same range then this trick is right for you. Instead of listing your car for $4,000 list it for $3,999. This makes your car seem like a much better deal, and really makes your car stand out.

Follow your gut

In the end it comes down to your own personal judgment. You have to judge by the competition, the make and model of your car, and the market overall, to determine how much you think you can get. Remember to ask for more then what you want to get. For instance, if you determine you can get $4,000, then set the price higher, like $4,250. This gives you some room to negotiate.

Follow these tips and you will see your car sell quickly. After all, the professional dealers at Matthews North Carolina Toyota do, so shouldn’t you?