If you’re looking to sell your car as quickly as possible and are seriously considering listing your car on an online auction site, continue reading to discover how to auction your car successfully.
How to auction your car online: Tips and tricks
1. Figure out how much your car is worth and set a fair reserve that you’re comfortable with
Your first task should be to find out how much your car is worth. As if you plan to sell your car online in an online auction, you should set a reserve, to ensure that you don’t accidentally sell your car for far less than it’s worth. You can check your cars value, here.
When it comes to setting a reserve price, it’s well worth setting a reserve that is at least 90% of your car’s worth. To ensure that you don’t get ripped off. As there are always individuals who are looking to cars for far less than they’re worth, on online auction sites.
2. Avoid setting a $1 reserve
Whatever you do, don’t be tempted to set a $1 reserve in order to attract attention to your car auction, as while on some occasions $1 reserve auctions start bidding wars, which drive up the price of a car, in some circumstances cars are sold for far less than they’re worth.
3. Make sure that your description contains all the information which online car hunters are looking for
In order to increase your chances of attracting sizeable serious bids, make sure that the description of your auction contains key information, such as the make, model and year of your car. As well as how many miles it has covered and what extra features it may offer. Also be sure to honest about the condition of your car.
4. Ensure to add several photos of your car to your auction listing
As photos tell a thousand words, make sure to upload a few different photos of your car to your online auction. Make sure to add both interior and exterior shots of your car as well as shots from different angles. That prove that you’re not hiding anything and are not trying to scam online car hunters.
5. Answer any questions that are left on your online auction promptly
In order to ensure that you come across as a trustworthy seller, make sure to answer any questions that are left on your online auction listing within 24 hours. If possible, try to answer each question within a couple of hours. Also make sure to read each question properly, so that you’re able to give your auction’s followers the answers that they are looking for.
6. Make sure that the closing date for your auction isn’t too soon or too far away
If the auction date for your online auction is too soon, you may struggle to find enough watchers to encourage a bidding war. However, if the closing date of your auction is too far away, your watchers may lose interest and may decide to bid on a rival auction, that has a closer end date.
7. Make sure that your auction has a catchy heading
In order to ensure that individuals actually click on your auction, spend a bit of time on crafting a catchy, attractive heading.
So there you have it, a quick guide to auctioning your car off, for cash, online.
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