An online dealer is a company who will provide a valuation for your car and buy it. Most cars are considered, and the big attraction of this method is that it’s quick and easy with the price likely to rival or maybe better that of an auction or by selling to a dealer ‘face to face.’
We Are Online Car Dealers, So call US on 0330 900 1313 For A Price For Your Car Today!
How Selling Your On-line Works
Online car dealers have an online valuation facility where you spend just a few minutes completing an online form with details of your car. You start by entering your registration number, enabling their system to identify your car. You enter other details such as extra equipment, a description of the car’s condition and other relevant information.
You’ll receive a valuation which needs to be confirmed with a physical inspection of your car. Many online dealers have a regional centre you can take your car to, or will offer to send somebody out to inspect it.
Once you agree on the valuation, the online dealer will pay you straight away often by BACS or direct bank transfer. You’re not obliged at any time to accept the valuation you’re given, and most online dealers will stand by the price they’ve offered for a short period of time.
There’s no need to worry about haggling. The procedure is very much geared towards making the selling process quick and easy, so the price offered once your car has been physically inspected is the final one.
Before your car is inspected, it’s worth attending to a few basics such as making sure it’s clean and that the paperwork is all in order such as the V5C, service book, servicing and repair invoices, user manuals and so on.
The Advantages Of Selling Your Car Online:
Speed – you could sell your car the same day you receive your online valuation in some cases.
No Haggling – selling privately or to a motor trader or physical dealer can involve haggling which some find distasteful and annoying. Online, the price offered after a physical inspection is definitely the price you’ll get.
Transparency – you might think part exchanging with a dealer is the best option if you’re looking to replace your car. A dealer might offer a seemingly higher price for your car, but this is only likely if they are charging full price for its replacement.
On the other hand, if the dealer is discounting the replacement car, then almost certainly they’ll offer much less for your present one – probably ‘trade’ price.
Convenience – many online dealers have regional centres and/or can send someone to visit you, so this coupled with the initial online valuation system minimises the time you’ll spend selling your car. It compares well to the time taken visiting a selection of physical dealers not to mention the haggling you’ll likely endure.
Fast and Secure Payment – the money will be in your bank account either immediately or within a few days maximum. There’s also none of the financial concerns of selling to private buyers such as waiting for funds to clear.
Safety – because you’re dealing with a professional business, there’s none of the theft and security concerns of selling to private buyers you don’t know.
The Best Deal – if you’re replacing your car, then selling it instantly online means you can respond quickly to any time conditional deals or limited availability of the replacement knowing you’ve sold your car.
Disadvantages Of Selling Your Car Online:
Price – an online dealer may not offer you as much as you’d get by your car selling privately or possibly through a part exchange (but see ‘Transparency’ above).
That said, be aware that your advertised price is likely to be negotiated down by a prospective buyer, whether selling privately or to a motor trader or dealer. Also, you’ll likely have spent some money preparing your car for sale – there’s no expense when selling to an online dealer.
Valuation Changes – concerns that the valuation after the physical inspection may be lower than the on-line one. This only happens if you don’t describe the car fully and accurately on the online form.
An online dealer offers a quick and efficient way of selling your car. The sheer speed and convenience is a major factor, and the benefits of instant payment and the short time the process takes make it an attractive option. An alternative option when thinking about selling your car, would be to take and sell your car to an actual car auction house