If you are considering selling your car, you may find yourself asking should I sell privately or leave it to a car yard. Selling privately has many advantages, you’ll generally make more money and can sell your car on your own terms. However, car yards offer a quicker sale than if sold privately but you will receive less money. Lets take a look all the options a little closer to see what suits you best. You might be surprised to learn that there are a couple of new options in the private sale side of the market that could be a game changer.
What to Consider before Selling your car
– Popularity of your model of car
You must take into consideration how popular the make of your car is. If your car is a popular make, for example, a Mini Cooper, you should have no problem making a private sale. If your car is not so popular you may need some help to sell from a car dealership or other channels. But how can you be sure if your car is a popular model or in demand? Check around online – a quick search for your model will give you an idea of the competition, the demand – well you can assess that if the prices for that model are high.
– Finance owing on the vehicle
How much you owe on your car might have a bearing on your decision to sell privately too. If you need a quick sell to fund your new purchase, then waiting around online for the ideal customer to come along may not be the best option for you.
Generally, people who have the quickest and easiest private sales have got a car with low mileage, a popular model, in good condition with all the accompanying paperwork at hand.
Selling your car privately | the pros and cons
Selling your car privately is often a slow and tedious process. It can often take weeks or months, the truth is sometimes people aren’t able to sell their car at all! You would also have to deal with the hassle of keeping your car clean and continually washing it during this time. Potential buyers will also often expect you to drop what you’re doing at a moment’s notice so that they can see your car. You will need to constantly make yourself available for test drives. These are the obvious downsides.
The positives often outweigh the negatives. The number one reason people turn to this method is the hunt for a better deal. Dealerships are the middleman and they are infamous for taking sellers for a ride.
Online Car buying companies
There is a new trend emerging in the US, Europe and Australia in recent years. Direct sales online. In response to a perceived gap in the market, there has been an influx of car buying companies emerging online. These companies offer a no nonsense business model. You call them and hey offer you a price for your car over the phone. No road worthy, busted tail light…it’s all taken into account in the final offer. If you’re driving a Lexus or a Lada, they will still make you an offer and ultimately, you don’t have to accept what they’re offering. Easy Car Sale (http://easycarsale.com.au/sell-my-car) is one of the new breed of online car buying businesses in the market and, like many in the industry, they claim you can go from call to car sold in under 24 hours. Many of these companies will even come to your home of office. Time’s they are a changing!
If you decide to give your car to a car yard to sell, it is assumed that you will get less for your car. However, handing over the sale to a car yard takes the stress of trying to find potential buyers off your hands. You don’t have to worry about negotiating on price, fixing up and cleaning your car. As well as that you don’t have to try organise viewings with potential buyers who are most of the time, complete strangers. It’s the age old quick fix.
Like some online car buying companies, car yards will take a car in pretty much any condition. They’re not overly fussed about worn out mats, dirt, scrapes or dings. If your car has got engine problems, many dealerships will even tow the car to the car yard for you. Selling your car to a car yard is a quick and easy process when compared to a private sale, you simply sign on the dotted line and the deal is done. This is where car yards can get a bad wrap – bending sellers over a barrel when they are under the squeeze to get enough cash together for their new car.
The best choice for you
All in all it really depends on your own situation whether you should go for a private sale, car yard or new breed of online vehicle buyers. There is a lot to weigh up, but who’s to say that you can’t try them all? Start online, call an online car buyer to get an offer an finally head to a car yard if all else fails! Ultimately this is all a win win for sellers. You have more choices today than your parents could have ever dreamed of. Sometimes this causes more headaches of course, but an extra grand in your back pocket will buy you a few Panadol so you can get over it quicker.
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