Wrecked Car Damaged Vehicle Blog

RSS Grab DamageMAX RSS Feeds

How Do I Get More For My Used Car?

Joseph Coupal - Friday, September 20, 2013

By Michael P. Lasini

ATLANTA, Sept. 19, 2013 - - I have been in the automobile industry since I was crawling. In the interest of brevity skip the part about my childhood!

My first real job was spinning wrenches while I was in high school. After getting my degree, I worked for two OEMs, two auction houses and several car dealers. Now I’m my own boss, buying direct from consumers. Our websites serve consumers that want to sell their car quickly and easily, without the waiting room and all the paperwork.

Every day consumers ask me, “How do I get more for my used car?” The simple and honest answer is… “You can’t!” There are lots of online sources with tips on how to “present” your car in the best light or “finding the right venue” to sell the vehicle. Taking the right pictures (right angle/light), listing the vehicle with all the features and disclosing all the damage and mechanical issues DOES NOT get you more for your car. It simply increases the chances of finding a buyer that wants the type of vehicle that you have in the condition that your vehicle is in currently. These are SELLING TIPS, they should also include that you should NEVER EVER try to hide anything when selling a vehicle to any party. This makes for an especially bad experience when you sell a vehicle to the public. These buyers come to your residence or place of business – they know where you live!

These are simple strategies to help sell the car. But they don’t increase its value! In fact, the only thing you can do to increase the value of a vehicle after years of use and miles is to recondition it yourself.

Grandma had the right idea

If you really want to preserve the value of any vehicle, think of Grandma’s couch. Chances are she had plastic covers on the cushions. Those menacing little grand kids she loved with their blow pops and cool aid never stood a chance of staining that couch. If people only took the same approach to their vehicle during the ownership, the effects of use and wear would be minimal.

“MUST DON’TS” for maximizing used car value

Damaged FX4

Don’t wreck it: that’s right folks, nobody wants to buy your wrecked car and CarFax is going to make sure of it! Accident history pretty much guarantees that Kelly Blue Book (KBB) is not in your future – no matter how good the repair. If your car has multiple accidents or structural damage, you are a step above selling a salvage title vehicle literally and your audience is very limited. Accident history usually hurts vehicle value by up to 17%.* Frame/structural damage is nearly twice the impact. Most frame damage vehicles are adjusted downward $1,500-2,500 at the wholesale level.

Don’t let it get stolen: lock it up and keep it safe. If your vehicle is stolen and recovered, pray it’s a total loss because theft history is another brand that will impact the value negatively. CarFax has made hay with their brand over accidents, flood and theft cars by showing the absolute worst cases with vehicles being crashed or abused then stripped of parts. Theft history amounts to a 10% hit in vehicle value* In addition to the history, 15 states require that if a vehicle is stolen and purchased (paid out) by your insurance company the vehicle MUST have a salvage title brand. This devastates the value as a salvage title vehicle will be worth only 40% of the same vehicle without one*.

Don’t smoke in it: not to beat up on our friends that smoke, but there are fewer and fewer of you around these days and many of you don’t even smoke in your own car because you don’t like the smell of smoke (# truth). A vehicle that has been heavily smoked in is worth 12-15%* less than the same vehicle without smoke odor.

Don’t skip the floor mats: Should you spend the $115 for floor mats or destroy the carpet in the vehicle that requires the seats and half the interior parts be removed to replace it? See story above about: Grandma’s couch. Floor mats protect your investment.

Checking Engine

Don’t skip maintenance: this means maintain your vehicle religiously. If you can remember 3 things: clean air, clean gas and clean oil, the engine and transmission will last a lot longer than expected and the condition of your vehicle will be better than other vehicles like it when you decide to sell it. Change the oil, the air filter and the gas filter as recommended. Wash and wax the vehicle regularly. The first thing people notice about your vehicle is the paint. If it is dull or the clear coat is peeling, it’s a lot of money to restore that factory shine.



KBB Vehicles are not born, they are raised like kids

Common sense escapes us and we don’t make time to take care of things that we depend on. Automobiles are machines and machines break down! They will break down unless you maintain them regularly. Everyone wants to buy a really nice, clean vehicle that was owned by a little old lady that never really drove it anywhere but to the grocery store and church on Sunday – right? The truth is… that is about the only type of owner that will produce or “raise” a KBB Grade Used Car. Everybody wants KBB for their vehicle when they want to sell it, but few people “raise” a KBB car. Raising means caring for, protecting, maintaining and keeping it safe and out of harms way. 

Getting your vehicle ready for sale

Car for Sale

We buy thousands of vehicles from online leads before touching or seeing the car. These purchases are based on seller description and digital images. You would be amazed at how many people don’t even wash their vehicle before they send us pictures. We recommend at bare minimum that you pay for a full professional detail. This will run from $100-150 and will include wash, wax, buffing (possibly wet sanding), carpet shampooing and interior and engine bay steaming and detailing. This will be the best money ever spent on the vehicle and will yield the highest return for your dollar. Mechanical repairs should be made if the vehicle is not in good/safe working order but do not enhance the value. A new transmission simply means that it won’t break down anytime soon, however, it does not make the same car worth more. Same thing applies for a new engine – in fact a new engine makes people think the car was abused to the point the engine failed. It does not enhance the value at all.

Other enhancements: bumpers that are scratched and scarred from parking lots can be reconditioned. This is a judgment call but can make a significant difference in the sale price. Interiors are very important and if your carpet is worn or heavily stained, replacing the carpet and torn seat covers will go a long way to improving your final sale price.

If you choose to sell it yourself, remember a few things:

  1. You can get more, but it’s a lot more work. What is your time worth and how many Saturday’s do you want to burn trying to make that extra money?
  2. Pick a good venue to list your car for sale. Some choose the newspaper classifieds, we recommend AutoTrader.com as they have the largest audience available. Stay away from Craigslist.com - it is free and worth every penny you paid…
  3. Safety first – if it doesn’t sound right, it probably isn’t. Don’t invite people to your home or place of business you don’t know. Never meet anyone at a location at their request. Always get their phone number and email address and see if they are who they represent themselves to be. Use social media and the internet to verify their identity. Know who you are talking to before you meet them.

If you don’t want to sell the car yourself or trade it in at a dealer, visit www.CarBUYERUSA.com or www.DamageMAX.com and we make it easy for you to sell your car.

About the author

Mr. Lasini is a leading expert on damaged vehicle remarketing and direct to consumer car buying. He spent more than a decade leading commercial sales at Manheim, the world’s largest automotive auction company. He was co-founder of Total Resource Auctions, Manheim’s salvage auction subsidiary. He served in sales and marketing positions at Nissan North America and well as at several automobile dealerships.

About DamageMAX.com & CarBUYERUSA.com

DamageMAX.com is the leading direct-to-consumer damaged and inoperable car buyer. Sister company CarBuyerUSA.com is the leading B2B and direct to consumer vehicle buyer. Both companies assist consumers that need to quickly sell their vehicle for guaranteed money without visiting a car dealership or even leaving their home. DamageMAX buys cars in any condition, specializing in consumers that don’t wish to repair their vehicle after a collision or mechanical failure. CarBuyerUSA buys vehicles directly from consumers, but also serves as the market maker for online vehicle marketplaces that are unable to connect buyer and seller at the market clearing price.

*Derived from whole car and damaged vehicle data. Sources include Manheim MMR, DamageMAX and CarBuyerUSA.


Recent Posts


Tags

sell a damaged car repair providers insurance company buy a car damaged vehicle to sell wrecked truck pre-cash value vehicle values vehicle value Donate Your Wrecked Vehicle cash offer on any damaged vehicle recycle average tow & storage bill Sell your wrecked vehicle trade buyer of damaged vehicles buy any car vehicle's value repair your car how to sell a damaged car wrecked auto sell damaged cars damaged vehicle world Sell your wreck we buy any car Sell DamageMAX your wreck problem vehicle value of your vehicle repairing the car money for damaged vehicles wrecked vehicles selling any vehicle car buyer sell the vehicle repair the vehicle old junker salvage title vehicle storage or tow yard problem truck Honda sell your wrecked car cash for the car sell car parts selling a damaged car selling a vehicle damaged vehicle replacement consumer awareness We Total Any Car Dr Harrington car buying business sell your wrecked car online cash for your wrecked vehicle car into cash sell damaged vehicles buy salvage title vehicles sell a wrecked vehicle Trade-in Program We buy damaged vehicles selling your wrecked car buys any car damaged vehicle purchases junk post-crash value buys your wreck wreck your car Collision damaged vehicles buy vehicles reduction of resale value immediate cash offer selling flood damaged cars sell your damaged Problem vehicles cash only auto body collision repair Clean-Break TIP sell a car liability only buy your wrecked vehicle broken vehicles collision repair flood vehicles CarbuyerUSA used vehicle wrecked your car salvage value retail value fix the vehicle Used vehicle values owner retained CarBUYERUSA.com wrecked car experts sell your car sell online DamageMAX repair check sell to damageMAX cash out of your wrecked vehicle free price quote accident with no insurance sell junk car flood damaged cars CarFax Reports sell your old car free quote buy wrecked cars auto insurance coverage repaired buys any wrecked car administrative fees trade-in repair bills buys wrecked cars settlement check un-repaired collision buy your vehicle sell your Honda for Top Dollar damaged by collision 12% in diminished value damaged vehicles sell your vehicle high mileage vehicle DamageMAX Difference value DJ Harrington junk cars selling their wrecked cars call DamageMAX damaged cars replacement vehicle car is wrecked title processing procedures vehicle wrecked sell your damaged vehicle car parts owner retained vehicle Selling your wrecked vehicle leaking fluids repair your vehicle selling flood damaged vehicles car's value sell your vehicle as-is sell your high mileage vehicle diminished value trends buyer of wrecked cars vehicle for trade-in car for sale wrecked your vehicle cash out check for your wreck Diminished Vehicle Value broken vehicle repairing the vehicle buy your wreck car buyers E15 engine damaged vehicle CAR-Diologist Branded title vehicles buy a broken vehicle repairs selling their damaged car towing company sell junk cars Top Dollar D.J. cash for your vehicle car parts for cash value of the vehicle wrecked vehicle collision repairs retained by the owner repair your wrecked vehicle damaged vehicle for cash repair a vehicle cars for cash wrecked car trade their damaged car wrecker services buy your car for cash legal for less sell it online wreck your vehicle buy your wrecked car industry insider repair the wrecked car top dollar for your damaged vehicle fix your car repairing your wrecked car repairing the wrecked car car is not totalled buy damaged vehicles buying a used car Body shops sell vehicles car accident with no insurance negative carfax reports sold DamageMAX.com inoperable cars AAA repair orders old car damaged vehicle car for top dollar how much it costs Dr. Harrington trade-in value trade in wrecked vehicle, problem vehicles High mileage vehicles wreck buy any wrecked vehicle Call DamageMAX now! Maximum Value for damaged vehicle sell Sell your car FAST sell your Honda repair an old or worn out vehicle tow charges sell the car value for your Damaged vehicle insurance check buy the damaged vehicle selling your damaged vehicle Damaged Car buy damaged cars car parts and components CarFax selling a damaged vehicle selling a wrecked car Inoperable vehicles Chicago selling totaled vehicles vehicle for cash fast buy your car diminished value cash offer sell the wrecked vehicle

Archive



    GET A MORE PRECISE OFFER

    Does your car have body damage ?

    Number of airbags blown?

    Do you have a collision estimate?

    What is your insurance deductible?

    Is your car drivable?

    Do you have the car’s title?

    Does the vehicle have a salvage or rebuilt title?

    Does the vehicle motor run?

    YOUR CASH OFFER!

    CASH OFFER FOR YOUR
    DAMAGED VEHICLE

    $
    Fair market value prior to accident $


    Sell my damaged vehicle
    Check for my vehicle AS-IS

    This represents a cash offer for the vehicle as described by the seller.

    $
    Net Repair Check

    Proceeds for repairs that can be used for purchasing a replacement vehicle.

    $
    Deductible Payment

    Amount you save if you sell the car now

    $
    Cash Toward a New Vehicle
    $
    Out of Pocket Expenses
    ($0)