4 Ways To Sell Your Car
In today’s world, you have a ton of options when it comes to selling your car. You no longer need to buy ad space in the classifieds section of the newspaper or post-for-sale flyers all around town.
Potential buyers tend to spend a lot of time researching what kind of car is a good fit for their needs, so chances are that they have a specific feature or look in mind. To give yourself the best chance of selling your car at the highest price, take a look at the advantages and disadvantages of the different ways to sell your car.
Use Word Of Mouth
This is one of the easiest ways to start selling your car. Speak with friends, colleagues, and relatives who you may think might be interested in buying the car, and ask if they might know people who are interested.
Try posting on your social media channels and asking around if anyone is looking to buy a car. You can even list your car on Facebook Marketplace or Craigslist. If you get some interested parties, you might be able to execute a private sale.
You can post a for-sale sign on your car’s windshield and park it in a high-traffic area. Or, you can utilize the internet, one of the greatest tools for selling your car. Nowadays, there are several websites where you can post your advertisement for a fee, or even at no cost.
Put yourself in the shoes of the potential buyer. You can bet that one of the first places they’ll look for a used car is online. You can reach a wider market of buyers and get a better sale price by listing your car online, but you can still use grassroots methods like word of mouth and physically showcasing your for-sale car, too.
Selling your car privately often requires more work on your part than if you just traded the car in or sold it to a dealership. However, oftentimes you can get more money from a private buyer if your car is considered too old or has too many miles for a dealership’s preferences.
Trading In Your Car
You can trade your car into a dealership for some cash off of the car you’re interested in purchasing from the dealership, or you can sell your car to the dealership. This option is less of a hassle than selling the car yourself, and works better if you have a car that’s under 10 years old, under 125,000 miles, and in good condition.
Simply drive to the dealership, and after deciding on your new car, trade in your old one while also agreeing to pay off the rest of what’s owed for your new car. With this method, though, you won’t really know if you’re getting the best deal unless you do your own research. One way to get a ballpark estimate for your car’s value is to look around dealerships in your area. How much is a similar used model, year, and condition going for near you? Doing this can help you get a good feel for what your car is worth before bargaining with salesmen.
Instant Cash Offers
To get an instant cash offer, go online, enter your car’s info, and get an instant offer for your car. You can then take it to a participating dealership and present your offer there. Getting and redeeming an instant cash offer quote is free, so it’s a good idea to bring one to the dealership you’re planning on going to anyways. You can also back out of the offer at any time until you sign over your car title, and can also use the quote when trading in a car.
There aren’t many downsides to considering an instant cash offer, since you aren’t locked into the process of selling to a dealership and can cancel at any time. If you find out that your car isn’t worth as much as you hoped, you may find better luck selling privately.
There are plenty of ways to sell your car, and if you plan smartly and do your research, you can sell at the best price and put more money in your pocket. Whether you choose to sell to a friend, dealership, or trade-in your car, arming yourself with information is key and will help you get the most out of selling your car.