Category Archives: Buying Selling Auctions

Do you want to sell your car?

Do you want to sell your car

Hello reader!! Do you want to sell your used car or do want to buy a used car? If your answer to any of the questions is yes then you have come to the right place because here we will give you some of the top tips for buying or selling a used car. Buying a new car is not a rocket science but buying a used car or even selling a used car is in a way a bit of a rocket science. The seller has the objective of maximising his return whereas the buyer has the objective of minimizing the asking price.

Let us first discuss the art of selling a car. You should be very clear from the beginning that your only objective is to maximize the value of your car. We strongly advise that you should deal with the buyer very objectively. Dealing with the buyer in a professional manner will remove all the emotions inside you and this will help you a lot in arriving at the correct value of the car. Before entering the market, you should put the car in the best condition and that will help you a lot in getting the best value out of it.

According to auto brokers in Denver, the art of buying a used car is even more complicated than selling a car. You will have to be very careful in buying a used car because if you are not careful in determining the correct value of the car then even a junk will be sold to you at an astronomical price. The better way of doing with tis is that you should appoint a good and trusted broker to carry out the deal for yourself. This way you will be able to save a lot of money.

Some tricks of the UK motor trade

Some tricks of the UK motor tradeWhen buying a car (mainly second hand) you might have heard some unusual lingo in the showroom or on the forecourt. Today Niki Gear is going to explain some of this “secret” lingo and alert you to some of the tricks of the auto trade.

The whole process of selling starts when you might watch an advert for a particular car you are interested in on TV. How many times have you seen some gorgeous person, flashing along some empty road with stunning blue skies and the sun shining? This is the advertising company’s method to try and get their audience to buy into the idea of attractiveness, and that buy buying their product you are becoming part of this package.

The reality, however is that most of us will be sat in traffic jams, bumper to bumper on our way to work on some miserable grey day.

Another trick car dealers have employed for years is Time Pressure.

You will have definitely seen it, and not just in the motor trade too. How many times have you seen sales signs promoting an offer that has to end within the next few days?

The idea is for you to stumble across one of these sales, fall in love with the product and rush into buying it before the “Sale” finishes. The reality is that the offer will more than likely still be there after the cut of point… especially if you are talking about used cars.

Here’s some of the popular “secret” lingo dealers use, to help put you in a bit of a better position when buying your next car…

Hands up Billy or Wooden Duck: An easy sale because the customer will not haggle or negotiate.

Loss-leader advertising: The car dealer either sells a couple of cars at very low prices or in some cases simply advertises these cars at extremely low prices to get the customers through the door. When you arrive the cars have already been sold, but they have the chance then to try and sell you a different car.

Low balling: This works in two ways, when buying and also when selling.
If the customer is looking at buying a car and isn’t going to sign up on the day as they want to do their research and “look around”. The sales person will tell the customer an unrealistically low figure to expect to pay for a car. When the customer cannot find the car for this figure anywhere else they return to the dealer where the sales person can do their magic and convince the buyer to spend more.

This can also happen when the customer is selling a car (part exchange) for example. The dealer will go in with a low part exchange figure so they have lots of room to negotiate, giving the seller then impression that have negotiated up to more money when the initial offer was ridiculous to begin with.

Front Ending: The dealer advertises their car for much more money than it should realistically retail according to glass’s guide or CAP . This means if they have a customer with a part exchange, they are able to offer a high part exchange price that other dealers will struggle to match. The change figure is usually the same but the buyer cannot see past the price they are getting offered for their car and thinks they are getting a better deal.

Time of the month: At the start of the month the dealer will tell the customer he needs as many sales as possible to catch-up from last month’s bad sales figures. Towards the end of the month this will change to him asking the customer “what do I need to do for you to buy my car” as I just need one more sale to hit this month’s target.