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How to Quickly Sell your Used Car for Cash in Ontario

How to Quickly Sell your Used Car for Cash in Ontario

If you need cash and don’t want to take out a loan, you may want to sell your used car for cash while prices are at an all time high.

 

The used car marketplace in Ontario and around the world has never been hotter. This is a seller’s market, where you can get substantial offers for your used car, but you need to have the right approach.

 

Is your car in showroom condition?

 

You would be shocked by the number of people who try to sell their used car for cash, without cleaning it.

 

Who wants to buy a car that is dirty inside and out? There may be some buyers who are willing to make an offer, but if you want to attract a large number of competitive offers, spend a little time detailing your used car.

 

After you have cleaned your car, you can start taking high-quality photos of the interior and exterior, take a photo of the odometer as well. If you want to create a lasting impression, it would be a good idea to also make a video of the car.

 

Writing the advertisement for your used car

 

This is a crucial step and one that can impact the total number of offers you receive. Car buyers that are shopping around online will not spend time reading paragraphs about the vehicle. Prospective buyers will look at the asking price and want to see bullet points that highlight the mileage and condition of the vehicle.

 

If your advertisement follows that outline of having bullet points and great quality images, your odds of getting a competitive offer will increase dramatically.

 

How to effectively price out your used car

 

This step takes a certain amount of finesse. There are variables that impact the perceived value of your used car. Starting with your location, if you are living in a rural part of Canada, you are not going to have the same selling opportunity you would have if you lived in the GTA.

 

You can use websites like AutoTrader to find out what similar cars are selling for, but those prices are not written in stone.

 

Where to sell your used car for cash quick

 

If you are in a situation where you do not have a lot of time to wait for a buyer to make an offer, go to a local car dealership. The dealership has the funds on hand to buy your car if you accept their offer.

 

You cannot get 100% of your vehicle’s current fair market value, the dealership needs to resell the car for a profit, this is their livelihood. The dealership wants you to have a great experience, so they will give you a competitive offer and can pay you right away.

 

This is a great option when you need cash fast or simply don’t want to deal with the hassles that come with selling a used car.

 

Now that you know the fundamentals of selling a used car, you can either decide to try it yourself or go to a dealership and get paid right away.

 

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