login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

Planning to Sell Your Car? Get the Best Price

mahindra-finance-author

by Mahindra Finance

|

June 29, 2023

|

2 mins read

1. Prepare your vehicle

A car that looks good and is in a good condition makes it easier to procure the best price. Prospective buyers would be willingly to pay a higher price if your car is well-maintained. Moreover, if the new owner requires a pre-owned car loan, the institutions would be more willing to sanction the application when the vehicle is well-maintained. You must get the car cleaned both from within and outside and repair any dents or cracks.

2. Proper listing

To attract more buyers, you must list your car online along with the relevant details. You must also upload a few high-resolution photographs from various angles to show the car’s exterior and interior condition. Also, list the ownership details, insurance type and validity, certification, and other related details.

3. Determine the right price

It is important that you determine the right price while listing your car. You may look for similar listings to know the prevalent market price. You may quote a higher price and then negotiate it to a reasonable amount. If your car is maintained well, you may be able to justify a higher price. Even if a few buyers are driven away by the higher price, do not be disheartened because an online listing often garners huge interest.

4. Selling costs

If your car insurance is valid, the same must be transferred to the new owner. However, if the insurance has expired, the potential buyer must be informed since it also affects the buyer’s used car loan application. Ownership transfer costs are minimal and the local Road Transport Authority (RTO) may be able to assist you.

It may be advantageous to get an unbiased assessment of your car before listing it for sale. Taking the time to rectify the minor defects will help you to get the best price for your car. It will also make it easier for the buyer to procure a loan for used cars, which may quicken the entire procedure.

Related articles

How-To-Claim-Car-Loan-Tax-Benefit

How To Claim Car Loan Tax Benefit?

For many middle-class Indians, buying a new car is a major milestone in life. A car can make life so much easier in terms of daily commute, going on a fun road trip with friends and family, etc. Thank...

KNOW MORE

July 16, 2024

car loan maximum tenure

How Does Car Loan Tenure Affect EMI Calculation?

If you plan to seek a car loan, determining your EMI is a crucial step to plan well. Among the various factors that determine your EMI, the tenure of your car loan or, in other words, car loan maximum...

KNOW MORE

February 22, 2024

Maruti-Suzuki-Grand-Vitara-features-Enhancing-Your-Driving-Experience

Maruti Suzuki Grand Vitara Features: Enhancing Your Driving Experience

Looking for a premium SUV that offers an exceptional driving experience? The Maruti Suzuki Grand Vitara is here to impress. With its latest model, Maruti has introduced several exciting features that ...

KNOW MORE

June 19, 2024