Actionable Tips for Selling Your Exotic Car Successfully

Your car is your pride and joy. It’s your ride or die. So it’s natural that you’re doubting your decision to sell it. Those wheels may have taken you on long journeys or trips where you’ve discovered the joy of being everywhere and nowhere. 

Popular opinion states that as soon as you drive your new vehicle off the lot, it can depreciate by almost 50%. That’s a sobering statement for people who’ve spent more than chub change buying a plush car.

In December last year, Visual Capitalist ranked car makes with the fastest depreciation value and the results were somewhat telling. Luxury models didn’t fare as well as expected. 

The Maserati Quattroporte failed miserably, losing two-thirds of its value after five years. BMW’s 7-series and 5-series placed second and fourth respectively, losing 60% of their retail price. 

Why do luxury cars, particularly sedans, lose their value so quickly? The online publication says these models are often leased and once the lease period expires supply increases dramatically.

You’ve chosen to part with your exotic car. With the above being said, you can still get the best deal and maximum profit. Below, we’ll explain how.

Determine the Right Price

You can’t sell your car blindly. The ideal asking price is crucial for attracting potential buyers.

Research the current market to gauge the value of similar vehicles in your area. Model make, mileage, age and overall condition are deciding factors when pricing your car.

Exotic cars are more complicated than other models when it comes to valuation, and going to various dealerships can be an exercise in futility. Many car dealerships will present low-ball offers without understanding the true value of the model.

Instead, use a licensed car purchaser and get obligation-free quotes. You are paid in cash once you’ve signed a contract verifying you accept the offer. Click here to find out more.

Using the services of a trusted exotic car purchaser cuts out the middleman, reduces fees and takes the hassle out of dealing with the sale of your car.

From delivering your car to getting paid takes less than 24 hours to complete the entire process.

We Buy Exotics says you can sell your exotic car to a private seller but why waste your time? There’s always the risk of getting scammed or not getting a fair price.

Highlight Unique Features

We get it, you love your car but what makes it unique? Highlighting these rare features can get you the right offers. 

Luxury and exotic cars are loaded with premium features. However, technology and safety trump everything else.

A state-of-the-art infotainment system is a must-have for younger buyers who value quality sound. Luxury interior finishes are also a standout for potential buyers. 

If you’ve had your car remodeled or modified the engine by adding a few changes, include these as well. Some sports car collectors will pay top dollar for one-of-a-kind models modified for performance.

Flaunt High-Quality Photos

Think of your car as your muse; she should be shown in all her glory. Forgo your iPhone and employ a professional photographer who specializes in car photography. They’ll know which angles to use and how to frame her selling features.

Have as many snaps taken, capturing both the interior and exterior, highlighting any upgrades and modifications.

Provide Vehicle History

Intelligent Living advises that legal documentation like car ownership and maintenance history shouldn’t be the only admin you put into selling your car.

Your vehicle history must include historical provenance or notable individuals linked to your vehicle. A car’s storied history justifies a higher asking price, but you must have evidence to prove it. 

An auto-protection plan is an excellent selling point and attractive to buyers. 

Compile all the necessary documentation in one place. Buyers appreciate the transparency and are assured the vehicle is well taken care of.

Get Presale Inspection

Most sellers have a presale inspection done on their vehicles for peace of mind. It ensures your car is in good condition and if there are any issues, the inspection will pick up.

Use a trusted mechanic or inspection service to assess the engine and other mechanical components. Ask them to provide a detailed report of their findings. It could be valuable in expediting the selling process.

Final Words

Whatever the reason you’re selling your car, there’s never a right time to sell. But don’t let your feelings dictate how much to part with it for.

Research the current market and compare asking prices. Consult an exotic car expert or a licensed car purchaser for the best deal.

Highlight your car’s best features and document its history. If need be, have a presale inspection to find any underlying problems or issues.