6533 5878

Direct Car Seller Tips: How To Set The Right Price When Listing Your Car Up For Sale

These quick tips aim to ensure that you won’t receive the shorter end of the stick!
Gerald Yuen
Gerald Yuen
09 May 2024

Valuing your car / listing it up for sale can be a tedious process, given large sums involved when it comes to car buying and selling. Should I sell my car directly on Carousell? Or should I ditch the direct car selling route and resort to getting the best quotes from dealers instead? For the purpose of this study we’ll focus on the former, especially if you are already well versed in direct selling anything under the sun.

State your car’s annual depreciation

This is arguably the most important step when it comes to selling your car in Singapore. Due to the COE structure, the “ticking time bomb” leads us to primarily value our cars based on annual depreciation. Unlike in other countries where a higher mileage, high owner count car tends to be listed for less than a low mileage, single owner equivalent, a low sticker price can mean that the COE cycle is running out. Base your sale price on yearly depreciation - make use of Carousell’s used car classifieds depreciation filter to study the market.

Is my car in demand?

Checking up on your fellow direct car sellers’ list price is a given, but it’ll be useful to know what kind of cars are in demand now. What type of new cars are people buying? Lower output, Cat A-friendly cars tend to be the trend nowadays, but admittedly these interests are driven primarily by price points. If you are holding on to a higher capacity, more powerful vehicle, you might explore devising a strategy to entice new car shoppers away by valuing your car (setting the annual depreciation) lower than an equivalent new, less powerful car.

Prepare proper visuals

Sure, as a direct seller you’ll want to get the most out of your car. But prospective buyers will shy away from listings that are not “proper”. Come up with a few reasons why your car is “better” than the competition. Does it have a low mileage? Post an image of its odometer. Is the paintwork dent-free? Post a couple of images of panels prone to dents like the doors to justify your description. Is the driver seat bolster holding up well? If not, explain and still snap images of it - every detail counts. A car that has been on the road will not be flawless - compare these details with the competition.

What is your competitive advantage?

Out of the box ideas tend to be controversial, but it often pays off in ways that still favour you. Take this scenario for example: If a rice seller’s family member already owns acres of rice plantations, they can either afford to sell the product for less, or gain a larger profit from each sale compared to a seller that needs to engage the help of a middle man. Do you need funds from your car’s sale to buy a more expensive new car? Holding out for a higher listing price makes more sense, although we acknowledge the presence of an emotional aspect. Do you intend to sell your car because your new workplace is a 3-minute walk from home? Listing your car for less than the competition for the sake of a quicker sale might work in this case.







Sell your car to us for up to $5,000 more than market prices. Get a quote now!

Car selling guide
Why sell your car with Oneshift?
Convenient and Hassle-Free

We know that visiting multiple car dealerships can be a real hassle! We’ll help you obtain the highest price for your car within 24 hours from our network of 500+ certified dealers from the comfort of your home.

Consumer Protection

We say no to unethical dealers. We employ strict quality control when validating the used car dealers in our panel and only work with trusted and reputable LTA-approved partners.

Transparent Process With No Obligation

We respect our customers and understand that at times, you may have doubts or need more time to decide. Don’t worry—we will never force a sale on you. Our dealer partners will only transact with you when you are satisfied with the final offer.

Sell your car for the best price in Singapore

Get the best price for your used cars from 500+ verified dealers, all within 24 hours

William Teng
2 weeks ago
The quote for my car was fast, responsive and the highest. The transaction was fast and explanation was clear. The person who inspected my car was friendly and professional. It was a good experience with OneShift.
William Chan
3 weeks ago
The transaction was very smooth from the minute I get on to their website trying to sell my car till the car ownership transferred and have the money paid by Pay Now into my account. It only takes less than 3 days. The person attending to me are very professional, Jon at the phone in their office and Sean Tan who came down to view and test the car. I am very happy to have decided to sell my car through "One Shift By Carousell"