There are many ways to sell your car, here is an insight into the different ways to sell your car and the pros and cons that will be involved with picking each method. Keep reading to learn more.
You can sell your car by using an online car buying platform
In recent years we have seen an increase in online car buyers. It has never been easier to sell your car and get paid instantly and in some cases you do not even need to leave the comfort of your home to sell your car, which is amazing for those who lead busy lives and want an effortless way to sell their vehicle.
The pros of selling your car via an online car buyer are:
- It’s quick and easy. Ideal for those who are looking to sell their car in a quick and efficient way.
- Some car buyers collect your car from your home or workplace, meaning that you do not need to do any leg work to sell your car.
- You have the opportunity to shop around and find the best price for your car, as many online car buying websites offer competitive prices.
The cons of selling your car via an online car buyer are:
- Most companies won’t tell you their final offer until they have seen the car. For a guaranteed online offer, go to Exchange My Car and simply describe the condition of your vehicle to get an accurate valuation.
You can sell your car privately
If you have the time to sell your car yourself, there are many ways you can sell your car privately. Sometimes selling your car privately may mean you sell your car to family and friends. This is an easy way of selling your car, especially if someone you know personally becomes interested in the car straight away.
The pros of selling your car privately are:
- You may get more money for your car by selling it directly to another consumer.
- You can use free marketplaces on social media platforms to sell a car to people in your local area, this is ideal for people who are active on social media.
The cons of selling your car privately are:
- You will have to conduct viewings and test drives to show the car, which can make it a lengthy process.
- It can take a long time to find the right buyer for your car.
- Depending on the platform you use to advertise your car, fees can be costly.
- Private buyers will often try to negotiate the price down.
A car dealership may buy your car
A car dealership will buy your car from you, if you were to purchase a car from their dealership. This is called a part exchange and it is an easy way to sell your car and purchase your next car.
The pros of selling your car to a car dealership:
- It is a good way to buy and sell your car at the same time, especially if you have your eye on a specific car from their dealership that you would like to purchase.
- Reputable car dealerships are trusted, so as a seller your consumer rights will be protected.
The cons of selling your car a dealership:
- You may not get the best price for your car, other car buyers may offer a higher price for your car.
You can sell your car at an auction
Some people who sell their cars, actually sell their cars at a car auction. It is a good way of letting people compete to purchase your car and people will keep bidding higher prices if they really want to purchase your car. Selling your car at an auction may also be a fun day out and it can be exciting to see people compete to purchase your car.
The pros of selling your car at an auction:
- It is ideal for cars that don’t have much value and some car buyers like to bid for low priced cars to sell on.
- If you have the time to attend an auction then it is a good way of selling your car.
The cons of selling your car at an auction:
- You may not get the price you want for your vehicle, sometimes people bid lower prices than you are expecting.
- It can be time consuming, you may have to dedicate a whole day to attending a car auction, including travelling time.
Final thoughts
We hope you have enjoyed our article on the different ways to sell your car: pros and cons. There are many ways to sell your car and it is important to do your research on the most suitable ways to sell your car and how you can make selling your car quick, easy and hassle free. Stay tuned for more blogs that car enthusiasts love!
