Selling a Car in Burlington: Everything you Need to Know

Selling a Car in Burlington: Everything you Need to Know

Posted on October 13, 2022

If you 're selling your car in Burlington Ontario and make some quick cash, there are some important steps that all Canadians should follow if they want to stay safe and still get a decent return on their investment.

We have taken all of the guesswork out of the process; if you stick around with us until the end of this conversation, you will have no issues selling your used car, so let’s get started, shall we?

Documents You Need to Prepare for Selling a Car in Burlington

Each province has its own used car selling; for example, in Ontario, you will need a special used car sales kit provided by the Government of Ontario for a fee of $20.00.

Used Vehicle Information Package

If you don’t have this kit, you cannot legally sell your car.

Something that you should get is the complete service record of your vehicle; this is a list of all the professional work you have performed on the vehicle.

By having this service record, it shows the vehicle was properly maintained, and you should receive full market value for the car.

Along with the service record, you will also need a lien release document from the lender that financed the purchase of the car.

Without the lien release from the original lender, no buyer is going to purchase the car from you because, legally, you cannot sell it until that debt has been repaid in full.

Working out the right price for your used car

After you have the paperwork sorted out, the next thing you will need is to determine how much your car is worth in today’s current market.

This is a tough question because there are many variables at play when it comes to pricing a used car. These are just some of the factors that go into pricing your car.

• Mileage, the more kilometers on your odometer, the less money you can expect to receive for your used car. While mileage is not the only thing that impacts the resale value of your used car, it is one of the biggest factors.
• Your geographic location, if you are living in a rural area where there isn’t a large number of potential buyers, you will not be able to ask for top dollar because the local market may not be able to handle that.
• Uncertain economic conditions, I.e., with a recession looming in Canada, consumers are feeling more skittish about making significant purchases like buying a used car; if you need quick cash, you may need to offer your used car at a lower price.

If you are looking for quick cash and still want a fair price, what you should do is work with a local car dealership.

They are always willing to buy used cars and will make a cash offer based on what your vehicle is worth in the current market, this is the easiest and safest way to sell your used car in Canada, so contact your local dealership now.

We will use all our skill and experience to deliver the lowest possible auto loan rates, guaranteed. Contact Car Nation Canada Direct to learn how we can help.