How to Sell Your Car in Mumbai

A few procedures and you are off to selling your used car in the best price. Selling used cars have become easier now.

Know the worth of your car and set the best asking price

Your car has a depreciating value right from the moment you take your car out from the showroom. As the car ages, it's value too diminishes though with time this depreciation slows down. The more your car is used and travels, the more is the depreciation with diminishing value. So, when you know your car is to travel long distances, it is better to sell it away before much depreciation. A less sparely used car will have more price value and less depreciation and will have a better resale value. This will make selling your used car easier.

Good quality photos and proper advertisement

There are many online websites now that allow you to post your car's photograph with details and your expected resale value. These websites have thousands of customers browsing through them that helps you sell your used car easily. You can also give advertisement in newspaper with specifications like year of manufacture, model, colour, number of owners and kilometres covered. These specifications should also have a picture of your used car to attract buyers more easily and often.

Update your details

It is very important to provide your details properly to avoid any sort of miscommunication. The owner's name and contact details has to be mentioned along with advertisement. An email address also may work. To make yourself available for the buyer to reach out, you may also provide your mobile number so that they can reach you anytime.

Proper paper work

Many legal formalities are involved incase of selling a used car. The documents that are needed to be filled and provided to the buyer are- Form 28: This is the application to the RTO for an NOC only applicable if the buyer’s residence is in the area of jurisdiction of another RTO, Form 29: for transfer of ownership of the car, Form 29: for transfer of ownership of the car, NOC from finance company if applicable, copy of the delivery note, original registration certificate, RTO tax certificate of the onetime tax paid when you bought the car, insurance policy, copy of the invoice of the car, Owner’s manual of the car, Service history of the car and duplicate keys.

Schedule a test drive

A test drive must be scheduled with the buyer to give him assurance of the quality of the car and that the price that he will be paying is worthy.

Closing the deal with the highest bidder

Many buyers will approach you looking at your advertisement either online or newspaper. Negotiation is the basis of the deal but the deal should be closed with the highest bidder.