Selling your car is probably one of the most time-consuming and often stressful things that you will ever have to do in your life! Unlike eBay, where you can just list something and people bid up to a certain amount before making payment, you have to negotiate with buyers that want to haggle on the price.
You can sometimes get time wasters that agree to buy your car and then change their mind afterwards, or just seemingly disappear off the face of the Earth!
If you have a car that you need to sell, and you aren’t fully aware of the best ways to do so, you are in luck because this handy guide will tell you what you need to know!
Trading it in at a car dealership
By far the easiest way of selling your car is by trading it in for a new one at a car dealership! The process is extremely simple; the car dealer will appraise your car and make you an offer for it based on its condition, mileage, age and its make and model.
Rather than paying you cash for your car, they will simply reduce the price of your new car by the amount offered for your existing one. Millions of people do this each year, but the trouble is trade-in values are never going to be as much as what you’d get for the car by selling it privately.
Still, if you want to make your life devoid of stress, trading your car in is one of the ways to achieve that goal!
Selling it online
Websites like eBay and Gumtree allow you to advertise your car for sale, with the former being an auction-style format and the latter being a fixed classified advert.
Auction websites charge a fixed fee or percentage of the sale, depending on the website you use, so if your car isn’t worth much money you might want to consider selling it elsewhere to save on the fees.
Selling it to a car buyer
If you would rather not go through the hassle of advertising your car for sale, but you don’t want to lose a lot of money by trading it in. As with car dealerships, they appraise your vehicle and make you an offer for it.
But the difference is you are usually offered a better price than what you would have been offered at trade-in. If you agree to sell your car to a car buying firm, you normally receive the money for it quickly in your bank account.
Although some people are “old school” and would prefer a cheque instead. Personally, I have never had any problems receiving payments directly into my bank account, and it saves me time and money because I don’t need to make a special trip to the bank!
When you buy a new car make sure to check for an insurance quote and ULEZ checker to be compliant.
Advertising in a local newspaper
Lastly, one option that some people still use today is to advertise their cars for sale in their local newspapers. You normally have to pay to have a text-based advert and to be honest it’s not as popular as the other options because car buyers would rather use the Internet to search for their next car!