It’s double the difficulty when selling used cars. People will always have the impression that used vehicles are not in perfect condition when bought. However, selling used cars can be successful if you gain the trust of the buyer. If, for example, you’re placing a used Peugeot for sale, how can you still sell it?
Here are different tips for gaining buyer confidence:
Give Your Car a Complete Makeover
To put a Peugeot 4008 for sale, remember that this model has been in production since 2011 and newer models have come out already. For buyers, they would scrutinize with your car since there are newer models out there. Thus, it is unavoidable on your part to spend money for a complete makeover.
Put your car into a saleable condition by having it fixed for minor problems. If there are small scratches, visit the local car shop to have the scratch repaired. Don’t hesitate to have the car’s body completely overhauled to make it look like brand new again.
If you’re planning to put a used Peugeot 5008 for sale, it can be quite easier to sell it since it is a newer model. See more at Brisbane City Peugeot
Publish the Right Price
A used Peugeot for sale is not equal to its acquisition price when you bought it. Cars depreciate over time due to obsolescence. Thus, don’t expect that your Peugeot today would sell at 100 per cent above its original selling price.
Compute for the car’s annual depreciation value. Let’s say your Peugeot costs AU$60,000. Assume that if you do not sell the car, you will use it for ten years. In the tenth year, you will not use the car anymore and sell it for AU$10,000. Add your estimated restoration cost to bring back the vehicle to a saleable condition. Let’s say the estimated restoration cost is AU$3,000.
Annual Depreciation = (Acquisition Cost — Disposal Price) ÷ Expected Life
Annual Depreciation = [60,000 – (10,000 + 3,000)] ÷ 10 years
Annual Depreciation = AU$4,700
Assume your car is four years old, compute the minimum selling price in the fourth year as:
Acquisition cost 60,000
Less: Total depreciation (4,700 x 4 years) 18,800
Minimum selling price to accept 41,200
If you sell below AU$41,200, you are technically at a loss. If you’ve observed, the minimum selling price decreases as you near the expected life. For example, in the eighth year, the minimum price to accept is AU$22,400.
Disclose the Reason for Selling
Some buyers like to know the reason for selling. Tell them that the proceeds from the used Peugeot for sale will be used for another car. Buyers want to know why you’re disposing of it. If you become secretive with the reason, they will not trust you, and they will pursue the sale.
Be Ready for the Negotiation Battle
A used Peugeot commercial for sale may seem unacceptable if the value at 80 to 70 per cent of its original price. The buyer will try to bring it down to 50 to 40 per cent. As the seller, do your best to negotiate and don’t accept a price that you think is not right.
If you’re looking for a new Peugeot car, visit Brisbane City Peugeot now. Go to their website for more details: https://brisbanecitypeugeot.com.au/