Selling your old car at an auction is one of the best ways to get a good profit out of it. People who buy vintage cars at an auction are willing to pay huge amount of money especially if they are really interested in the car on sale. The only problem is that there are a lot of other cars that are on sale during an auction. You need to make sure that the car you are selling will not just be chosen, but be bought at a high rate. There are a few things that you can do to ensure that it become a positive endeavor.
1. Look for the best auctioneer.
Before even thinking about how to present the car, you need to find the right place where it can be sold for auction. It must be a reputable company. They must also have low commission rate if the car is sold. You must also not be asked to pay for large fees. Otherwise, even if you have sold your car at a good rate, you will still end up with less considering the amount taken away from you. Another way to ensure that your car will be sold at a good price is by reading testimonials or reviews made by other people. This will give you an idea on how many people joins the auction and if they have sold their cars at a good rate.
2. Compile all the documents.
Buyers want to buy an old car only if all the documents necessary are there. They won’t be the first owner of the car so they want to make sure that they will not get into trouble once they have decided to buy it. You should also compile all documents containing the service history of the car. This will give them an idea on how many times the car was repaired or what parts were replaced. It is better to tell these issues upfront.
3. Clean the car thoroughly.
Though they are buying an old car, they don’t want to buy something that looks really old. They want to feel as if they are investing on a brand new car. Thus, you have to take time cleaning the car. You can use a power washer to remove dirt on the surface. It is so powerful that it only takes a few minutes for you to have the entire exterior cleaned. Even the dirt that got stuck for a long time and is difficult to remove will be gone in just a few seconds. If you don’t have one at home, reading power washer reviews can really help you decide what type to get based on your needs and budget. Remember, a power washer is an investment for your home as it can be used for plenty of other things beside cleaning your car.
4. Be there during the auction day.
You might not be required to go there on the actual auction day, but it would be faster to sell the car if you do. Buyers have a lot of questions and you are the best person to answer them all. You can even convince them more if you are physically present to sell the car to them. You just have to place yourself on their shoes. It would be easier for you to decide buying an old item if you can ask the owner directly all questions that bother you. It makes you feel more complacent.
5. Give a detailed description to the host.
The success of auctions depends on the host. He must have a great voice which is compelling enough to the potential buyers. He must also have a sense of urgency when talking. However, even if the host does everything to sell the product if there is nothing good in the description, then people will not be convinced. Therefore, you have to describe all the details that will be read by the host. Make sure that all the positive qualities will be highlighted. With a few minutes of describing the car, the buyers must feel like they have already driven the car. This could be your edge against other people selling their car.
Your car may or may not be sold during the auction. It would be great if you earn a few pounds more than you expect. Therefore, it helps a lot if you place efforts in making the car more presentable. After all, this is like a competition. You don’t want to end up last in a sea of stunning cars that potential buyers are excited to bring home.