Driving a sports car is fun, exciting, and exhilarating. While this is true, when it is time to sell, much more is needed than just a hand-scribbled, cardboard sign in the windshield.
This is especially true if the owner wants to get the highest price possible for their exotic sports car. The good news is, there are several tips to use that can make this easier and help reduce the hazards of a sale.
Keep reading to learn what to do and what to avoid when selling an exotic sports car. With these tips, getting a great price is easy.
1. Get the Timing Right
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While timing isn’t always the most important thing to consider when trying to sell an exotic sports car, it can make a huge difference. The demand for this vehicle is often fleeting, so getting it right is imperative.
Think about it, when would it be the most fun to drive a sports car? For most people, the answer is the warmer months of the year, especially for convertibles. Be sure to keep this in mind when putting the car on the market.
2. Find Out the Vehicle’s Value
Several reliable industry resources can help with this part of the process. For example, look at information from the NADA Guides or Kelley Blue Book.
With these resources, a person can find out how much their vehicle is worth based on certain factors. Some factors that impact this estimate include mileage, condition, make and model, and more.
Keep in mind, when trying to figure out a value, it’s essential to be honest about the condition. Even if it’s a sports car, if the vehicle is 10 years old, it’s not likely it will still be in excellent condition.
3. Get the Necessary Paperwork
It’s a good idea to avoid cases of anxiety at the last minute by getting the paperwork together ahead of time. This includes maintenance records, the bill of sale, and the title.
If the sports car is still under warranty, make sure the papers are ready. If no warranty is provided, including an “as is” document that clarifies that the new owner is responsible for all expenses and repairs after the car is purchased.
If the title has been misplaced, the bill of sale may be a good substitute. A person can get further information about what paperwork is needed from the Department of Motor Vehicles.
4. Get the Vehicle Ready
This is often referred to as show time. Present the car in the best light possible to ensure it encourages interested buyers to make an offer. While this may sound insignificant, it can have a huge impact on what the car sells for.
Make sure the car is clean and that any small issues are fixed before letting others see it. A clean and detailed car will look better than one that hasn’t been well cared for.
Selling an Exotic Car for the Best Price
When it comes to selling an exotic car, getting the best price is much easier than it may seem. By using the tips here, a seller can feel confident their car will sell for as much as possible. Also, never take the first offer, as there’s always room to negotiate.