Are you hoping to sell your car? But, are not sure the best way to go about it… There are many different ways you can sell your car; however the two most common ways are privately or via a car dealership company.
For all the vital information you need to sell your car and get the best price for it, have a read of this.
Get your car valued
Before doing anything, find out the real value of your car. Go online and have a look at car valuation sites to find out how much your vehicle is worth.
Once you know how much your car is worth, then you can start working out the best way to sell it. Whilst you may think you will get the most money for it by selling it privately, this is not always the case. Before making any decisions, it is worth contacting your local car dealership for a consultation.
Selling to a dealer or selling privately?
Before making a decision about who to sell your car to, it is important that you are aware that there are risks and benefits associated with both forms of selling. The way you choose to sell your car will ultimately depend on how much time, knowledge and business sense you have.
The primary benefit of choosing to sell your car privately is the fact that you can make a larger profit from your vehicle. By selling your car yourself, you have full control over how much you get for it – how much you are willing to accept is up to you.
However, despite the fact you may make a little more money from selling privately, there are a few problems related to selling your car yourself. For example, you will have to spend more time finding a suitable buyer – this can sometimes take months. Even when you find an appropriate buyer, there is no guarantee they will offer you the price you want.
Plus, you will need to spend time brushing up on the law of car sales – what exactly do you need to inform the new buyers of, etc. If you are selling your car yourself, it is vital you know what you are doing.
Selling to a car dealer
One of the main benefits of choosing to sell your vehicle to a dealership is that it is a much more reliable option than selling privately. If you opt to sell your car to a car dealer, there will be little paperwork required on your part, as the company you sell it to will be able to deal with that side of it.
Another benefit of choosing to sell through a dealer is that you will find it much easier to find a buyer than you would advertising privately. If you need to sell your car quickly, selling via a dealer is your best option.
If you are looking to replace your old car with a new one, using a dealer is an excellent idea. Many dealers offer a part-exchange service as well as a straightforward selling service. Many dealerships will allow you to trade in your old car and swap it for a replacement. Remember, most dealerships offer a larger trade value than they would be willing to pay you in cash. So, by trading your car in, you could earn yourself a larger payout and a better car. If you are looking to trade in your car, you could look into car dealerships in Bentonville AR to find out what they would offer you for your vehicle.
One of the disadvantages of selling your car to a dealership is that if you simply want the cash you may only get the exact value of the car. Therefore, you would probably make around 10% less than you would if you sold the car privately. However, it is worth considering whether selling your car privately is worth the time and effort required.