What should be noted when selling a used car?

To sell a car smoothly and at the highest value, sellers need to pay attention to the following issues:

Prepare relevant documents

When deciding to sell a car, you need to prepare the relevant documents to ensure the transaction goes smoothly and legally. First, you need to check if the vehicle registration is still valid or not. If it is about to expire, you need to re-register before selling to avoid any problems.

There is also a certificate of technical inspection and car insurance. These are important documents proving the safety and reliability of the car.

Advertising and reaching buyers

Advertising and reaching out to buyers are important factors in ensuring the success of the transaction when it comes to selling a car. To attract customers, advertising should be designed to be creative and attractive.

When advertising, it is necessary to provide complete, detailed and accurate information about the vehicle so that buyers can evaluate and make a quick purchase decision.

Check history and maintenance records

Car owners should check the number of times the car has been serviced and keep the service receipts as a basis for price negotiation.

Body and chassis inspection

All gaps between body panels should be even. Any unusual misalignment could indicate to the customer that the vehicle has been in a collision. Also check that the paint color is consistent between body panels.

Check wheels and tires

When selling a car, the car owner must pay attention to ensure that the wheel rims are not cracked or bent. The tire must have a minimum tread depth of 1.6mm to be allowed on the road. If this requirement is not met, it can be replaced. In addition, the tire must not have cuts or bulges, and the grooves on each tire must be worn evenly.

In addition, car owners also need to carefully check issues such as oil level, engine, interior and electrical system... All need to be guaranteed normal so that customers can feel secure when viewing the car.

Why are used cars popular?

Besides new cars, the used car market in Vietnam is also quite active. Many consumers choose to buy used cars because of the following benefits:

Can save hundreds of millions of dong on car purchase

Used cars are much cheaper than new ones. This means that buyers can save a lot of money, up to hundreds of millions of dong, and still own the car they want.

According to business estimates, car models will lose about 20 - 25% of their value after 3 consecutive years of use.

Low rolling costs

Compared to buying a new car, buying a used car has lower taxes and fees. For example, the registration fee for a new car accounts for 10% of the car's value. Meanwhile, for a used car, only about 2% of the old car's value is depreciated at the time of purchase.

Furthermore, after the first 3 years of buying a new car, the car can lose about 20 to 35% of its previous value. At this time, used cars are more stable and have a lower chance of losing value.

Easily experience cars in higher segments

With the same amount of money, customers can buy a used car in a higher segment than buying a new car, providing many different experiences.