Selling Luxury Cars: A Comprehensive Guide for High-Value Vehicles

Whether you are trying to sell an Audi sports car or a Ferrari, selling luxury cars is a similar process to selling any other type of vehicle. The main difference is that more money is involved in the transaction. When selling a luxury car, you must look beyond the standard newspaper classified ads to reach the luxury automobile buying audience. When you find a buyer, the transaction should be like selling any other car.

Step 1

Take photos of each luxury car. Get long shots of the body that include the whole car along with close-ups of the interior and any other special features.

Step 2

Make a list of the features and specifications for each luxury car that you have to sell. For example, if you have added some customizations to one of the cars, it should be mentioned. Also note the mileage reading for each car.

Step 3

List each car for sale using the photos and your list of features. Include a way for interested buyer to contact you, such as a phone number or email address. For high end luxury cars, the Dupont Registry or the Luxury Asset Network can be used. For other luxury cars, try R Luxury Cars or AutoTrader. The price to post your ad varies. As of 2011, fees range between free and $359. If you are not sure how to price your vehicle, look around the site for similar vehicles to see what they are selling for and use that as your pricing guide for fair market value. For blue book value, use the Kelley Blue Book website. For rare or high demand cars, the fair market value may be higher than the blue book value because it reflects current market demand.

Step 4

Fill out a bill of sale and the car title, once you have a buyer. The Cars.com website has a free bill of sale that you can download. Before the buyer leaves with the car, remove the license plate because he must get his own license plate. You can accept any form of payment that you feel comfortable taking, such as cash, money order or cashier's check. Before signing over the title, get the payment from the buyer. If you are concerned about the validity of the payment, contact the issuing bank.