{"id":30513,"date":"2017-08-01T11:51:46","date_gmt":"2017-08-01T03:51:46","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=30513"},"modified":"2017-09-11T13:25:07","modified_gmt":"2017-09-11T05:25:07","slug":"sell-car-fast-malaysia","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/sell-car-fast-malaysia","title":{"rendered":"\u201cThis Is How I Sold My Car In A Week At A Great Price!\u201d"},"content":{"rendered":"
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I have finally made the decision that I was mulling over for the past three years. I paid off my car three years ago and had been playing with the idea of getting a new ride, but has procrastinated due to various reasons.<\/p>\n
I told myself that I would enjoy a few years of not having to pay for my car instalment, and it is a financially prudent thing to do. But the truth is, I was too lazy to deal with the hassle of selling my car. Plus I\u2019m not willing to sell it way below market price should I opt for the trade-in option.<\/p>\n
But all good things must come to an end. After 10 years, I\u2019ve finally decided to upgrade my ride because I found an easy and the least troublesome way to do it.<\/p>\n
Here\u2019s my experience and some lessons I\u2019ve learnt in selling a car that will be helpful to Malaysians:<\/p>\n
First of all, before you decide which platform you are going to sell your vehicle on, you need to know what your car value is.\u00a0The price for used car depends on the manufactured year, mileage and most importantly – the condition of your car.<\/p>\n
For example, I was looking to sell my 2007 Perodua Myvi EZ 1.3.<\/p>\n
So, I started looking up cars of the same model and year on e-commerce platforms to see how much people are selling it for. Once I have an idea, I also asked myself what I am willing to sell it for. However, remember, the listed selling price on these ads by private sellers are usually market selling price and it is much higher than trade-in price.<\/p>\n
After I’ve done some research as a seller, there are a few factors that might in negotiating a higher price such as:<\/p>\n
With that in mind, I started looking for platforms to sell my car.<\/p>\n
One thing I was pretty sure of was, I did not want to sell it on my own because I just did not have the time to meet various potential buyers and negotiate pricing with all of them.<\/p>\n
It was not just a waste of time and resources, it could also pose some danger as I was not keen to meet random strangers.<\/p>\n
This brought me to Carsome<\/a>. It sounded pretty straightforward but I was not sure I could get the price that I want. There was no harm in trying though.<\/p>\n First, I set up an appointment on their website by just filling up my car and personal details. This takes less than two minutes,\u00a0and I get an estimated price for my car after the submission\u00a0at RM11,800. However, I was only willing to let go at RM13,000.<\/p>\n Screenshot from Carsome<\/i><\/p><\/div>\n Then, I received a call from Carsome to verify my details and make an appointment for an inspection. The inspection was carried out at their inspection centre at\u00a0Kelana Jaya<\/a>.<\/p>\n Carsome have also just launched another inspection centre in Old Klang Road<\/a>, so you can choose the inspection centre that is the nearest to you.<\/p>\n SMS from Carsome for inspection appointment<\/p><\/div>\n On the date and time scheduled, I showed up with my car and met up with the inspector-in-charge. He checked for signs of previous accidents, the engine and the interior of the car and also did a quick test drive.<\/p>\n Inspection at Carsome<\/i><\/p><\/div>\n After the inspection, which took about 15-30 minutes, he informed me of the issues found. Then, he offered me a price based on my actual car condition, which if I was agreeable to, I could just transfer the ownership and walk away without the car.<\/p>\n Sounds easy? Of course, I thought my car could definitely fetch a higher price than what was offered. So, I opted for the bidding option. At this point, the inspector-in-charge asked me what was the price that I\u2019m willing to accept at the bid, and I told him it has to be at least RM13,000.<\/p>\n The inspector-in-charge also discussed the reserved price for the bid, this is the starting price of the online bidding. He advised me on the suitable reserved price, which is usually the same as the price offered after the inspection.<\/p>\n My appointment for inspection was on March 1, 2017, and the e-bidding happened on March 3, 2017. \u00a0I was told to wait for an SMS and email with a link to the bidding site which would be up for three hours.\u00a0The bidding will be participated by 600+ certified used car dealers around Malaysia.<\/p>\n SMS from Carsome on the e-bidding<\/p><\/div>\n You can monitor the bidding online using the link sent to you via SMS. Here\u2019s how the bidding dashboard looks like:<\/p>\n Bidding on Carsome<\/i><\/p><\/div>\n If you are unable to monitor it live online, you will also receive an\u00a0SMS and email\u00a0to inform you that the bidding has ended.\u00a0By clicking on the link in the SMS\/email, you’ll be able to accept the final bidding price instantly.<\/p>\n<\/a>
<\/span>How much can you get?<\/strong><\/span><\/h2>\n
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