When it comes to answering the question ‘where to sell my car?’ there are various options. What you decide may depend on the following:
- Are you looking for a quick sale for cash?
- Do you want to make the most money possible on your car?
- Do you have the time to advertise and show it to potential buyers?
- Does the idea of a car auction scare you?
- Do you prefer the idea of a quick and easy online transaction rather than face-to-face?
Nowadays, there are various methods available to sell second-hand cars – so there is no specific answer to the ‘where is the best place to sell my car?’ question.
Selling Your Car Privately
The time honoured way as an alternative to part exchanging your car, selling privately tends to yield the best prices for used cars, although the effort and expense is the greatest of all methods.
Once prepared for sale, you’ll need to advertise it. The local newspaper is an obvious place, but with the decline of print media and dwindling circulations you may be appealing to a smaller pool of potential buyers.
Online advertising options include Gumtree and specialist car selling sites such as Auto Trader or Piston Heads. As with most forms of advertising, there is a cost involved and you need to make sure the advert is worded properly as there are legal implications for not including the correct information about a used car.
Online Car Auctions
You might immediately think of Ebay when considering the online auction route, and many thousands of cars are sold here each year. The Ebay auction experience can be a bit intimidating at times. There are cases of buyers pulling out of transactions, so you need to proceed with caution at all times.
There are other online auctions – mainly auctions run by large car auctioneers like BCA where there is an online bidding facility. To Read More about Online Auctions
Online Car Dealers Such As Car4.Cash
Likely to prove the quickest and easiest method to sell your car. By spending just a few minutes on your computer, you can get a valuation and quite possibly have the money in your bank and the car off your hands within a day or so – maybe even the same day.
You may not get the same sort of price you’d get by selling your car privately or through a part exchange against another car, but there is a lot less effort and hassle needed on your part. There are also no other costs to consider.
It can be a suitable method if your car is not in the best condition and perhaps has a high mileage. You might find private buyers and dealers are less interested in such cars, whereas an online dealer has no qualms so long as the car has been described accurately to start with.
Selling At An Auction
You have the option of spending a bit of cash and preparing your car for sale as you would if selling privately or simply not spending a penny and auctioning it ‘as is.’ You can set a reserve price (a minimum amount bids have to reach before your car would be sold) and see what happens.
If the car sells, the auction house will send you the proceeds from the sale minus their commission usually within a few days.
Selling To A Physical Dealership
This method would usually be either through a cash sale or by part exchanging your car against a replacement whether new or used.
If just buying the car, a dealership is unlikely to offer the best price as they’ll be looking to buy at ‘trade’ price and build in a margin for re-selling it. If it’s a part exchange transaction, then you may be offered more – but not much more if they have already discounted the car you’re buying.
There are clearly pros and cons to the ‘where to sell my car?’ question. Follow the above links to see more about each option.