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Article: How to prep your used vehicle for maximum value

Thai

Elite Member
Consumer tips:
How to prep your used vehicle for maximum value
By Michael Clark

Perhaps it was the latest mechanical meltdown that was the last straw. Or maybe your hatchback has become woefully inadequate for transporting your Sea-Doo. Whether it's a life change, family expansion, or see-through floorboards, most of us will be faced with the disposal of a few vehicles in our lifetime. Whether it's a trade-in scenario for a new vehicle, or putting a "For Sale" sign in the windshield, here's a few tips that should grab a few extra dollars at the dealer, or your driveway.

Assess the situation: whether it's a TL or a Tempo, you are the expert as to your vehicle's issues. What you have learned to adapt to can be the first thing that piques the interest of a used car sales manager, or a curbside tirekicker. A simple checklist of what works, doesn't work, or just plain annoys you is a good place to start.

Dollars and sense: the last thing that you may be thinking of when selling or trading a vehicle is a budget to make it more saleable. In most provinces, a vehicle can be sold to a private party in "as-is" condition. In the eyes of a potential purchaser, this makes the car as enticing as a colon exam. Safety certification, and emissions tests, where applicable, will only help a private sale. This is usually not a requirement for a trade-in. The analysis of a used vehicle at a dealership is anything but technical. The used car manager does a quick walkaround, drives the car around the block, then flips open his Black Book and assesses a value. In the dealership scenario, you will want to address the vehicle's cosmetic condition, and any driving anomalies that would present themselves during a test drive.

First impressions can be costly: most of you reading this right now probably have at least one fast food bag in your back seat, coffee splash goo in the cupholder, and floormats with more ground-in dirt than the jeans in a Tide commercial. This is not the time to visit the Auto Mall, or even to scrawl a sign for the windshield. It's time for a deep clean. There are countless reconditioning outlets that can power-buff, shampoo, and detail your vehicle to the point where you wonder why you're selling it in the first place. Basic detail packages start at about $150 on average. Deluxe packages may be a consideration for the particularly grungy.

Even a good driveway bath can do the trick. Take an afternoon and scrub like you've never scrubbed before. A rental carpet shampooer can easily breathe life, and a fresh scent, into a soiled interior. Address any stains with a spot remover. Old toothbrushes are a great tool for cleaning dashboard and console recesses. Don't forget under the hood - a dirty engine compartment screams neglect, regardless of service history. Touch up any stone chips or scratches. A handy tool is a plastic dental cleaning pick. These picks have miniscule soft heads which keep the paint blobs down to a minimum. Bribe your dentist, or try an auto body supply shop. Vacuum out the trunk and cargo areas, especially of pine needles from Christmas trees past. A quick spin in the dishwasher can freshen up a smoker's ashtray (throw the butts out first). If the lighter is particularly dirty, buy a universal replacement or a plug from an auto parts store. Odour absorbers can help mask Labrador accidents and baby spit-up. Remember, perception is everything.

Is it for sale or not? Whether trading-in or selling, your vehicle should be a few license plate screw turns away from becoming someone else's problem. (Oops, I meant ownership). This means that all of your personal belongings, such as jumper cables, ice scrapers, and rear deck Troll collections, should be removed. If possible, remove the vehicle from the family fleet for a private sale. Have all of the paperwork, such as ownership transfer documents, and 2 copies of a pre-written bill of sale ready for signatures.

Advertise with love: it may sound hokey, but how you scribe your ad for your vehicle can definitely affect the number of messages on your answering machine. You could be the worst vehicle maintainer on the planet, and yet being the vehicle's original owner seems to carry more weight. Accident-free is another major plus. When applicable, list off any major service that has been done in the last year, as well as safety certification and/or emissions compliance. When presenting a vehicle at a dealer, leave photocopies of any recent major service on the passenger seat, with a topsheet listing the fix-its.

You're probably asking, "how much more will I get?" My crystal hubcap is a little hazy right now on specifics. The reward may not necessarily be bidding wars on your driveway, or hundreds over book value being paid on Dealership Row. Ultimately, these measures are more about reducing the hassles of disposal. Which, as they say, can be priceless.
 
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Thanks Thai, this will be a big help for a lot of people. I just forwarded the link to a few friends & family.
 
Just got rid of my CR-V for a decent price and minimal hassle. I cleaned it top to bottom like I was keeping it for a dinner party setting, fixed the rust and bad paint spots I caused, and put a couple of new stabilizer links in to take out some bump sounds. If I didn't know the vehicle intimately I would've bought it again!
 
For as many vehicles that I have bought and sold in my life (36 now at current count, in 17 years) I am stunned at how many people do NOT prep their cars for sale. I've seen some horrific vehicles, then the seller getting all butt hurt, because in their mind "Excellent" value on KBB pricing applies to their vehicle with 200k miles, dents in every fender, and a dead fish smell in the car.
 
I did exactly what you said and it was just as you said it would be :)

New 4runner acquired! Old Bonneville (sold to dealer with a FULL list of every thing I have ever done to it... i recommend making a list and keep it in the glove box...every tire rotation, every oil change, chip repair, it was all in my book) And since I had all the receipts they barely looked at the car and I got more than it was worth too! It was so clean on the inside/outside they had no choice! Great Post!
 
It is amazing how many won't even utilize a shop vac. before posting a vehicle for sale.
The two most abused phrases in the auto sale business is ....mint condition except for ......
and southern truck .... no rust ( like vehicles don't rust in the hot humid south.
 
After having some knowledge of vehicle pricing is best for the user who wants to sell or buy their car first time. If you have knowledge how to reduce the price of used car by finding the Actual cash value of that car the this help you well to improve your selling/buying process. I have search this information for buying/selling process may help well to all the buyers and sellers.
NadaGuides Used Car Values in 7 steps
 
So simple and obvious... Usually people who don't take the time to do these things don't take the time to care for their cars in the first place. It's a simple red flag for buyers.
 
Article: How to prep your used vehicle for maximum value

^^ Excellent article & all good points.
But often dealers buy below wholesale, using KBB or other car value guides.
- that usually leaves a good chunk of cash, on the table

While prepping ones used vehicle to look like a cream-puff really does helps, selling private will truly maximize ROI.
Here the choices are generally CraigsList (Kijiji) or out of driveway/front lawn.
- those that live on a busy road have tremendous advantage vs. living down a dead end street

Several months ago, our son bought a new Lexus RX350, and a used car dealer offered $4,000 for his 2008 Nissan Rogue.
Lexus dealer would have offered much less, & send directly to auction / a very poor financial option, we didn't even persue.
- dad spent a week-part time hand waxing, vacuum interior, spruced up engine bay, replaced worn tires with good winter radials, and e-tested Nissan
- key is to make a vehicle look "honest" and cared for (maintenance wise) vs. over done completely

Took 7 weeks sitting on our front lawn for sale, on busy highway / Kijiji was a waste of time, only low-ballers contacted me.
- I spend a few hundred dollars, prepping SUV...first impression, intrigued buyer ("keeps the fish, on the line")
- higher mileage Nissan finally sold for $7,700 or $3,500 additional/clear profit = 87.5% gain, for minimum work

One has to be very patient, thick-skinned & have auto knowledge/salesmanship, to sell private (got to like the process).
- but will worth the extra $$ returns
 
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Car gurus pricing

Is anyone using cargurus.com to estimate fair market value? It seems to be pretty accurate assuming there are no major problems with the vehicles history report. It's also a good way to see what's available in your area.
 
I have always spent money on a car I am selling. I bought an 08 Vette a couple years ago for $33500. I sold it for $37900. I put new tires on it.Took it to a dealer and asked them to go bumper to bumper and fix anything wrong. They found the oil pan was "weeping" a bit. I had them replace it $800 So I spent a total of $2100 to sell the car with recent dealer documents and new tires.

The guy did not try to talk me down I told him I was only taking offers and in two weeks I will start calling people who made offers. He looked at 12 Corvettes and bought mine on the spot for the full price.

I did this on three vehicles and they all sold fast and very close to my inflated price because they felt it was not going to be a problem after the dealers check out and new tires. New tires go a long way towards selling a vehicle.

Spend money to make money....Don't sell bad goods the customer will nickel and dime you all over the place. There are a lot of vehicles for sale privately that need tires and have issues. I only buy new anymore. But there are good deals for a kid's first car out there.
 

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