When it’s time to sell it car, be it to upgrade, downgrade or simply switch to a bicycle (becoming common in larger inner city areas!) you have options available to you.
Each option, on face value has apparent advantages and disadvantages. Making the right choice is about understanding the option and your scenario.
You can drive your car to any dealership in the country, a main dealer chain or a single site used car showroom and sell it within minutes, assuming you have the relevant paperwork for your car. This sounds great, but it will come at a cost, a significant cost. Like all businesses, car dealerships exist to make money and you’ll be offered a lot less for your car than you might expect. You’ll also likely have to make your own way home. This suddenly sounds less attractive!
You can sell your car privately, but this can be incredibly time consuming. You have to market the car, and then you become a used car sales person, having to field sales calls, carry out viewing of the vehicle and more often than not, awkwardly negotiate a price for the car, which may or may not result in a sale. Having said that, you may well get the best possible price for your car by selling it privately, but, and this is important, if you have to market your car for a month or two before it sells you are likely to lose a significant amount of money from advertising, depreciation and your valuable time. Depreciation isn’t to be taken lightly, particularly on newer used cars where a new registration can wipe thousands off a cars value almost overnight. Selling a car privately is a game that requires careful thought before beginning the process, as a lot of cars that are advertised do not sell.
Another option to sell your car is to consider a website where you are paid instantly for your car. This removes the stress of waiting to sell your car and the hassle of having to market it, but can come at a hefty cost financially versus a private sale. Fortunately this market has become much more competitive over the years and now, more than ever before, it is a realistic option for someone wanting to sell their used car quickly, get paid quickly and at a sensible price.