Now that summer is coming to an end and the fall season unofficially kicks off after Labor Day, many people begin to conduct research on new cars for sale. Generally speaking, car manufacturers are preparing to stock their lots with new 2016 models so they will usually offer big discounts on their left over 2015 models and pre-owned vehicles in order to free up lot space. This is a great time to buy a new car because most dealers are more willing to negotiate a better price during this period than any other time of the year.
While this may be the best opportunity to purchase a vehicle, it’s also the most challenging period to get top dollar for your trade. But what most drivers don’t realize is that the dealership isn’t the only place where you can get cash for your vehicle. In fact, other options may give you more money than what the dealer could offer, especially if you currently have a late-model vehicle with many miles that’s not in the greatest of shape. Even if your vehicle isn’t mechanically sound, you can still improve its value when you sell your car with a few simple fixes that won’t cost an arm and a leg.
The Initial Check
If your vehicle has a few warning indicators illuminated on the dashboard, dealers will immediately deduct a good amount of money off the value right away and if you try sell it to someone, they will most likely be hesitant and will walk away from purchasing it. While everyone isn’t a mechanic or a car guru, you may think it’s difficult or tricky to pinpoint the reasons why these lights are illuminated on the instrument panel. However, it’s actually quite simple to figure out what the lights mean by taking advantage of some free services.
For instance, some mechanics may offer a free vehicle diagnostic/check-up report, which will provide you with the necessary information you need to address the issues. You can also head to an auto parts store that provides customers with free computer scans. This is where a device is plugged into your vehicles data port and it reads the codes that have prompted the warning lights on the instrument panel. Some of these devices will immediately give you a solution to the problem like “replace O2 sensor” and some may give you a trouble code read-out like “P0132″. When you get the codes, you can look them up in your owner’s manual or research it online to find the repair solution.
The Path To Repair
Most trouble code read-outs will lead you on the path towards replacing a component on your vehicle. But before you begin to worry about the labor involved, you may be able to do the job yourself! Some of the components, like a fuel pump for example, only require you to unbolt two or three nuts and then putting in the replacement. And on that note, a fuel pump is one of the most purchased car parts online along with ignition coils, oxygen sensors and radiators to name a few. In fact, the trouble code could be a part of the most common check engine light issues and that means there will be tons of resources available online to troubleshoot the problem – making it a relatively simple DIY job.
Saving Money On Car Parts
When you’re prepping your vehicle to be sold, you don’t want to fork out a ton of money on repairs because, after all, you plan to get a newer vehicle. This is why you should purchase used auto parts because you’ll save money on pre-owned parts and they will perform just as well as they were originally intended too. But you must be sure you opt for used auto parts that come with warranties because this will ensure you that the part will perform as expected and gives you peace of mind. Once you’ve successfully replaced the failing components with working ones, it may take a few startups to clear the illuminated warning lights on the instrument panel. However, you could take your vehicle back to where you originally got the free trouble code read-outs and use the device to clear the code, which will essentially reset the codes and turn off the warning light.
How Much Can You Make Selling Your Car
The million dollar question comes down to how much can you make selling your car? While there isn’t a definitive answer, you can get ball park estimates by using online resources such as Kelley Blue Book, NADA and Black Book to determine approximate values. And always keep in mind that there are numerous factors that go into valuing your vehicle’s worth like its age, miles, body condition, features and its Carfax.
It’s important to realize that older vehicles tend to be valued quite low and like mentioned earlier, you may be attracted to just dump it off at the dealer and accept their trade offer. While this may seem convenient or easy, you won’t get the most out of it – even if you addressed the mechanical issues. Instead of getting a low trade-in value that’s worth significantly less than what you anticipated, check out alternative options like selling your car to an auto dismantler like A&P Auto Parts.
To maximize your vehicle’s profit, avoid the dealer – especially when you own an older car. Selling it privately will take time (sometimes months) and requires a lot of patience. But when you sell your car to an auto dismantler you’ll get to sell it just as fast as you would at the dealer and you’re more than likely get a better offer. It’s almost like the middle ground between trading it in to a dealer and selling it privately, except you get to benefit from two main things: selling fast and maximizing profit.
In short, the auto dismantler will give you the cash you want for the vehicle and then you can use the proceeds towards a newer car. Then, your old car is dismantled and all of the working components that can be salvaged are reconditioned/recycled to be sold to others who need used auto parts. All in all, selling your car to an auto dismantler makes the new car buying process much faster and worthwhile. You cut out all the steps the dealer tries to use to evaluate your trade-in, you have cash in hand to use towards the new car and it’ll be less stressful and less time consuming!