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Boost your car finance with a private sale

Those looking to boost their car loan by selling their old vehicle have been advised to do their homework this week.

Those looking to boost their car loan by selling their old vehicle have been advised to do their homework this week.In an article for the Sydney Morning Herald, one expert states that by checking out the web and establishing the going rate for a used car, drivers can assure that they get the maximum amount to add to their car finance package.Melissa Pye, motor columnist and founder of a motoring website dedicated to offering advice to female drivers, said that keeping your eyes open and considering a private sale can be the best way to make money."If you sell to a dealer you will get anything from five to 20 per cent less than [the car's real value]. If you sell privately you will get a better price but it will take longer," she said.She adds that used car vehicle guides are a great way to establish what your old vehicle is worth and that making sure your car is clean and de-cluttered can be essential to closing any potential sale.Ms Pye writes for hercar.com.au and has worked in senior marketing roles for major manufacturers such as Jaguar, Audi, Hyundai and Daihatsu.© Adfero Ltd

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