Is it time for you to sell your car? We meet plenty of customers here at Sell Your Car 2 Jack HQ everyday and everyone has a different story why they are selling their car.
Relocation abroad, changing career, their family is growing or they simply fancy a new car. Either way, a couple of factors always remain, our customers want to sell their car to us because they want a quick and hassle free sale along with the most amount of cash that they can possibly get.
We had a customer this week called David who needed to sell his car quickly. He and his wife are expecting their first baby and desperately need a bigger car. They didn’t have much time or money to spend on cleaning up their car, getting it serviced, researching how much cash they should expect to get for it or to see appointments.
They just wanted a fair price and to know that they would receive the cash in their bank instantly.
We also had another customer called Laura who decided she was going to move to Australia (alright for some!) Again, she wanted a guaranteed, no hassle sale and the assurance that she could sell her car quickly to a car buyer she could trust.
Most of our customers have tried to sell their car privately online or offline but have struggled in doing so and it wasn’t as quick a process as they thought.
We commend people who do have the time and skills to sell their car privately online because it can be rewarding, but most people just don’t have the time or the patience. They need to sell their car quick sharp.
Here are your 3 options when it comes to selling your car online so you can decide which is the best option for you.
Selling your car privately is likely to get you the best price – IF you know what you’re doing and IF you have the time. You have several options when selling your car privately which includes advertising in your local newspaper, on car selling websites, car auction sites or “for sale” signs in your car or shop windows.
Some options are free and some aren’t.
The quickest option would be to listen out for a friend or family member who needs a new car and selling it to them – maybe try putting it up on your Facebook page to see if there is any interest because that’s quick and free!
If you can advertise for free this way and get a car buyer quickly then you effectively cut out the middleman and can get a good amount of cash for your car.
There are however, many disadvantages to this too…
Costly – advertising in papers, magazines and online can be an expensive and tricky process. Also, having to repair any damages to you car can be very costly, as unless you’re in the industry, you won’t receive trade pricing.
Time consuming – Did you know that, on average, to privately sell your car it takes 34.5 days? To some it can be a quick process but it is unlikely (unless you have a cousin who’s ready to buy it off you!)
Hassle – When selling your car privately you must ensure that your car is up to scratch. There are lots of things to take in to consideration including the advertising, valeting of your car, taking photos, uploading them to your computer, writing an advert, taking calls and viewings etc etc. You could be spending that time and effort doing something much more worth your while.
Risk – You have no idea who you are dealing with. What if you were to sell your car and something went wrong? They would know who you were and would have your details, so it wouldn’t be very safe. You’d have to deal with those issues too.
Confrontation – most people hate hard sales and negotiation, which you have to do if you want to get the most amount of cash return for your car.
No guarantee of sale – Even after you’ve done everything, spent a lot of time and money, there’s still no guarantee that you’ll be able to sell your car. And there’s certainly no guarantee you’ll be able to sell your car quickly.
You’ll address the issue of what to do with your older car, assuming the new purchase is meant as a replacement of course. With one visit to the dealer, you can turn up in a used car and leave in a brand new one.
Another major benefit is that the price given for your old car is taken off the price you pay for your new car. This means that in a single visit to the dealership you can effectively swap your old car for your new one, which is a great way to save time and money.
This is also a good option if you’re looking to sell your car quickly and you don’t have much time. You can be in and out in one day having gotten rid of your old car and bought a brand new car.
Part exchanging your vehicle is by far the easiest option but this can be reflected in the amount you are offered for a vehicle. Rarely is the most convenient option the most profitable. Dealers will use the fact that you are swapping cars to their advantage when negotiating.
Another potential issue with part-exchanging an old car is dealing with two sets of negotiation – one for the new car and another for the part-exchange of your old car. Dealers often take some profit out of their “new” car and put it on top of your part exchange to sound like you are getting a good price for your part ex vehicle. However, you are just paying top money for your new car in reality.
Selling to a car buying service
The major advantages of selling to a car buying service are that it’s quick, easy and hassle free. You simply enter your car’s details in to the website and you will receive a quote. You then arrange an inspection, the final price is confirmed and the cash is transferred in to your bank account.
You don’t have to worry about cleaning your car pre inspection, taking time off work to arrange viewings and if your car does need fixing a car buyer with a good reputation will ensure that you pay less for repairs than you would by yourself.
Many car buying services, often over inflate their valuations online to ‘hook’ you in, only when you get there for them to knock the price down by £100’s if not £1000’s.
Also, remember a lot of these companies charge admin fees and can take as long as 7 days to get the money in your bank.
You may get a lower price for your car through using a car dealer (but for some this is definitely worth the time and the hassle of trying to sell privately).
All in all there are pro’s and con’s to all of the ways you may choose to sell your car for cash but the quickest way would be to sell it to someone you know, part exchange it or sell to a car buying service.
If you want to see how much your car is worth with Sell Your Car 2 Jack then you can get a quick, no obligation online valuation which is valued by a member of the team (not an automated service) so it is much more accurate.
You’ll find the car valuation service on our home page >> www.sellyourcar2jack.com
Alternatively, if you want to give us a call to discuss your options for selling your car quickly then we are happy to give you some free advice.