Now it’s time to sell my car, but how do I know what is considered a fair selling price for my vehicle? If I’m trying to sell my junk car or a fully upgraded vehicle, I want to ensure that I’m selling at a good price to attract potential buyers while still ensuring I’m getting a fair amount for my car.
Whether I am selling my car for cash at a dealership or to a private buyer, I can work out a reasonable price by receiving estimates from dealerships or looking up what private sellers in my local area are asking for the same year, make, and model of my vehicle.
You should try to see what dealerships are selling the same make and model for to get a good idea of the higher range of price for the vehicle.
Looking up the local wholesale value of a vehicle can also be a good method of seeing the lowest price range for a certain car.
Deciding the right price to ask for your used car can be difficult and you may need to be flexible to find the right buyer. A dealership will typically offer you a lower amount than a private buyer will.
If you are selling a car to a private party, a reasonable asking price will be somewhere in between what a dealer is selling the same vehicle for and the wholesale value of a vehicle.
Depending on the condition of your vehicle, the equipment, and the mileage, the fair asking price may vary.
Note: Vehicles that are priced higher than others of the same make and model will typically take longer to sell.