Thinking of the best way to sell your car? It can be stressful and also time-consuming to find an easy way to sell a used car for a high price. It can also be difficult to determine the best way to sell your car. The best method will be determined by your priorities. In this article, we will consider the different methods through which you can sell your car.
How to Sell Your Car? – Best 5 Ways
1. Sell Your Car Privately
You can sell your car by yourself, either on the internet via a classified website or to a buyer that you come across personally. If you want to get the best price for your car, then you can consider selling it privately. However, the process is time-consuming.
If you’re considering selling your car privately, you can consider the following options:
- Online marketplaces (such as Gumtree and Auto Trader)
- Online car auctions
- Selling privately offline
2. Part-Exchange Your Vehicle with a Dealer
You can also sell your car by part-exchanging it when trading in your old vehicle for a new one. This process involves doing two deals in one transaction. You will trade in your old car for a newer and more expensive one. You will then pay the price difference. This can be done by either paying the dealership the extra money or taking out financing on the new vehicle.
This method will not only help you get rid of your old vehicle, but it will also help you buy a new one. It may seem like a simple, easy, and stress-free way to sell your car, but it is not always so. You need to be aware of some issues if you want to sell your car through this method. Car dealers usually earn more through the part exchange. Hence, it is more cost-effective to sell your vehicle outright instead of via a part exchange.
After selling your old car, you can then request car finance or approach a dealer for a new vehicle with your cash. You can get a better deal through this than using a part-exchange approach.
3. Sell Your Car Directly to a Dealer
Selling your car directly to a dealer can be an easy way to sell your car, especially if the dealer is not far from your location. However, you will need to ensure that you find the right dealer. Although some franchised dealerships may purchase all makes of cars, if it is not one of the brands they deal it, they will not offer you the best price since they may not sell it directly themselves.
Ensure you stand your ground during the negotiations. Dealers are only interested in making a profit. Although this is not a bad thing, it simply means they know the tricks of the trade. Hence, they will look for issues that the car has and reduce the price. You need to ensure that you understand the value of your car so that you can get a good deal.
4. Sell Your Car to an Instant Online Car Buyer
This is the best method to sell your car quickly. Although you may not get as much as you would if you sold your vehicle privately, the process is designed to make the car-selling process hassle-free and easy.
There has been a massive growth in the number of online car buyers in the last decade. One of the reasons for this growth is the simplicity of the process. The process involves valuing your car online, scheduling a collection or drop-off appointment, inspection, and final price negotiation. The sale is then finalized with cash in your account.
At White Recovery, we can buy your car in London for the price it’s worth. Feel free to contact us to get the best deal for your car.
5. Sell Your Vehicle for Scrap
Another method of selling your car is by selling it for scrap. There are scrapyards and scrap buyers that are willing to buy your car for scrap. The options discussed earlier may not be suitable for selling your car. If your car is old or if it failed its MOT, the best option is to sell it for scrap.
If you want to avoid the hassle of looking for buyers that will buy your car as scrap, then you can sell it to instant buyers that can get rid of any vehicle quickly. Here is where scrap buying companies, like White Recovery, come in.If you decide to sell your car as scrap to White Recovery, we will give you a great price and can also come to collect the car from your office or home.
How can you protect yourself when selling your car?
Here are some steps that you should take to protect yourself when selling your car:
- Inform a friend or family member of the process.
- Don’t give potential buyers your personal information.
- Thoroughly screen all potential buyers.
- Meet the potential buyers in an open place.
- Let a friend or family member accompany you when you want to meet potential buyers.
Should you accept cash when selling your car?
Yes. Accepting cash is the safest way to ensure you get the exact and full payment. To add another layer of security, you may decide to meet the buyer at the bank so that you can pay the cash into your account once you receive it from the buyer.
Is it safe to give out a VIN when selling your car?
In most situations, it is safe to release the VIN when selling your car. It is advisable to give the VIN to a potential buyer or a verified and professional car buying company (such as White Recovery).
In this article, we have considered the different ways you can use to sell your car. The actual method you opt for will be determined by your specific condition, the condition of the car, and how quickly you want to sell the car. If you’re looking to sell your car in London, White Recovery buys cars at the best rates possible. Book an appointment with us today to get started.