If you’re planning to buy and sell cars, these tips will guide you toward a better decision. Whether you’re upgrading or exploring buy-and-sell opportunities, making informed choices helps you avoid unexpected expenses or financial loss.
Tips Before You Buy a Car
- Set Your Budget Wisely
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- Consider total ownership costs such as maintenance, insurance, registration, and fuel.
- Research the Market
- Compare listings, check pricing guides, and study market demand to ensure you buy and sell your car successfully.
- Inspect the Vehicle Carefully
- Check mileage, service records, accident history, and overall condition. A trusted mechanic’s assessment adds security.
- Take a Test Drive
- Evaluate comfort, performance, handling, and safety features before committing.
- Negotiate Smartly
- Use your market research to negotiate confidently and secure a fair deal.
If you would like to know your car's value, you can check out our car appraisal calculator here!
Tips Before You Sell a Car
- Know Your Car’s Value
- Use valuation tools and compare similar listings to price your car correctly. You can check out SB Finance’s Car appraisal tool to help you get an estimate of your car’s value.
- Prepare the Car for Selling
- Clean the vehicle, fix small issues, and take high-quality photos to attract more buyers.
- Complete Your Documentation
- Prepare the OR/CR, service records, IDs, and maintenance history to ensure a smooth transaction.
- Choose the Right Platform
- Select online marketplaces, social groups, or dealerships depending on your convenience and timeline.
- Price Competitively
- Set a price based on the car’s condition and current market trends.
Before Letting Go of Your Car, Consider This First
Need cash but don’t want to lose your car? SB Finance’s OR/CR for Cash lets you enjoy both—extra funds and the freedom to keep driving.
Why Choose SB Finance OR/CR for Cash?
- Loan up to Php 2 million
- As low as 3.5% processing fee
- Accepts commercial vehicles and loan take-out
- No need to surrender your car
- As low as 1.25% interest rate
If you want to keep your car and still access the funds you need, SB Finance OR/CR for Cash is the smarter choice.