14 February 2013
There are two traditional ways to sell your car when you've decided it's time to part company: selling it to a dealer is the more straightforward, while private sales should make you more money.
These aren't your only options, however, as the digital age has seen the arrival of eBay and online companies ready to take your car off your hands with minimum hassle.
This is the quickest and simplest method to sell your car. If a dealer is keen to sell you another car he may offer a good price for your old one. Conversely, if you negotiate a good discount on your new car, he may be reluctant to give you the best price for your old one, so make sure you know exactly what your car is worth before you offer it.
As a rule, you will get more for your car by selling it privately (on sites such as piston heads ). However, the process can be time-consuming. You need to be available to take phone calls and to meet buyers for inspections and test drives. Also, advertising can be costly, particularly if your car takes a long time to sell.
Online auction (eg eBay)
A combination of quick and easy, but also potentially the riskiest way to sell your car. A good method if you know what you're doing.
Online buying companies
Selling your car to a professional online buyer is a quick and easy alternative to selling privately or at a dealer, but you probably won’t get the best price – only you will know if it’s worth it to avoid the usual car-selling hassle.
However, there are reasons why selling online may suit. If your car has a high mileage, is in less-than-perfect condition or is simply getting on a bit, you may struggle to find private buyers or dealers that are interested. Online buyers make no judgments and just value the car as they see fit.
In all cases, though, make sure you know the real market value of your car and shop around to get the best price you can. Don’t let an online buyer fob you off with a drastically lower valuation, and walk away if they start adding on extra charges at the last minute.
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