28 Mistakes People Make When Selling a Car

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Avoiding These Car-Selling Errors Will Put More Money in Your Pocket

When it comes time to buy a new car, getting top dollar for your current car is imperative. Cars begin to depreciate the minute you drive them off the lot. In general, every year you own a car you can expect it to lose at least 10 percent of its value. On average, after five years, a car is worth less than half what it was worth when new. Whether you trade in your vehicle or sell it to another party, there are steps you need to take to make sure you get the maximum amount possible.

If you want to make the most money selling your car, you need to think like a salesperson. To be successful, you have to be prepared and knowledgeable. Doing your homework, paying attention to the fine details, and taking the right steps ahead of time will save you plenty of hassle when it comes time to close the deal.

There are a variety of car-selling mistakes that could cost you money. You can spend too much money on the selling process itself or invest too much into repairing the car. Not knowing the value of the car and how to properly negotiate could result in a losing deal. If you aren’t cautious, you could risk exposing your personal information or even put yourself or your family in an unsafe situation.

Above are just a few of the many errors sellers can make. On the following pages, we discuss a multitude of potential errors and explain how to avoid them. Some errors are common when selling a car on the private market or to a dealer. Others are more specific to trading your car in.

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