How To Get The Most Money For Your Car
So where and how do I sell my car? What’s the best option? A car auction, car dealer or car wrecking company? This is a question that will definitely cross your mind if you have an unwanted car to dispose of and want to get the best deal out of your sale. While getting rid of a car might be easy given the number of car dealers who are ready to sell on your behalf, getting the best deal and most money out of your car may require some level of effort on your part. There are a number of available platforms where you can easily sell your car. Below are five of the ideal places where you can sell and get most out of your unwanted car.
1. Automotive social media groups
There is no denying that social media is a powerful platform to sell your car. The platform is quite easy to use as all that you have to do is have photos of your car and quote your price. Once posted, your advert will be viewed by millions of social media users across the globe and you will most often find someone in your area that is willing and ready to buy your car. Selling through social media increases your chances of getting a private buyer for your car and you can be guaranteed that is one of the ways that you can make the most money out of your unwanted car.
There are social media marketplaces that are absolutely free of charge while others may charge a minimal fee for the services offered. The fee is however minimal especially when compared to other advertising methods and is nothing comparable to the kind of exposure social media provides. Join as many automotive social media groups as possible and place your for sale Ad. You will be surprised by the number of interested buyers who will be contacting you at the end of the day.
2. Car Auctions
Another great and trouble-free place to sell your car is at a car auction. For you to qualify to sell at a car auction you need to register your car for sale with the nearest popular auction house, pay a set auctioning fee, and set a reserve price below which you cannot sell your car. After doing this all you need to do is take the car along on the day of the auction and watch as interested buyers bid for your car. The winning bidder will then get the car ownership after making a full payment for the car to the auction company. The auction company will then transfer the money to your minus their commission in a matter of days.
While most people manage to make a sale in an auction, sometimes a car may not sell for various reasons. If your car does not get any bid, you may need to rethink your reserve price as it may be too high depending on the state of your car. Try to avoid a situation where you pay for an auction fee and do not make a sale at the end of it all. Make an attractive but reasonable offer in a bid to attract more bids and probably a higher sale price for your car. If you’re looking to sell your car in New Zealand, TradeMe offers a great online alternative to car auctions.
3. Car dealers
Car dealers will often offer a much lower price than you would get be selling to a private buyers but there are several tips that you can employ to ensure that you are happy with the price offered. First is that you should only deal with an established car dealer who you are sure works in compliance with the set rules and regulations in relation to selling cars. Secondly, you need to know the value of your car and offer a reasonable offer based on the value. Lastly, you should not be too desperate to sell and should only accept what is worth for your car. If you are not happy with the deal, move to the next dealer until you have a reasonable price for that car. Wikipedia offers some great information on car negotiation – have a read to ensure you can get the best price from your car dealer.
4. Sell to a mechanic
Mechanics know a lot about cars and can accurately estimate the value of your car. If you know a mechanic who might be interested in selling your car, contact then and make them an offer they cannot resist. Selling through a mechanic is a good choice especially if your car has several mechanical problems that have to be addressed first before the car is functional. While a private buyer will in most cases shy from such a car, a mechanic will weigh all the costs to be involved to repair the car and make a fair deal for the car.
If you know some mechanics, try as much as possible to work with them as you are better of dealing with a person you can trust. Also ensure that all legal procedures are followed during the transfer and an agreement is drafted on the means of payment. Above all be reasonable especially if your car needs some work. A mechanic is your best bet in such a situation and you need to do your best to make that sale and get the most out of your car.
5. Sell to car wreckers
If you are thinking that your car is worthless after years of use, think again? However old your car is you can always make some money by selling it to wreckers. Most car wreckers will come to your home, asses the car and make a cash offer. If you are happy with the offer, then you will be given your cash and they will take your unwanted car with them. If you are not happy with the amount offered, then you can contact other car wreckers who will offer a price you are happy with.
The platforms discussed above represent most of the available options when it comes to selling an unwanted car. The next time a ” how do I sell my car” question crosses your mind, consider the options above and choose most promising option depending on the state of your car for you to get the best deal for your car. If you’re looking to sell your car in Palmerston, take a look at the A1 Car Parts site.