Advice and Tips // 12 April 2016
If you’re thinking about selling your car, then there are simple steps you can take in order to successfully and safely sell your car on to the next buyer. Maybe you want to sell your car to a trader, or perhaps you want to advertise your car directly to the public, whichever it is, we’ll show you the steps you can take in fulfilling that goal.
The first thing that you need to do is decide which option you are going to go for, whether that’s selling your car to a motor trader, going private or selling at an auction.
1) If you choose to go for the trader, they will give you a set price which will be based on their own valuation without much input from you. The prices the trader will give you are unlikely to be the same as the price you can make from a private sale. However do bear in mind; you will end up saving costs on advertising, the time and effort which you spend marketing your car and dealing with potential buyers.
2) Auctioning your car is another common way people choose to sell their cars. It can be done quickly and auctions take place all over the country, so it’s likely there will be a local auction near you. The sales at auctions will be done there and then without any draw backs, so if you are planning to take your car to auction, do remember to take all your car documents with you. A fee will be taken by the auctioneer once your car has been sold (a percentage of the selling price.)
3) Selling privately is a common choice for many car owners and there are a range of routes you can take. Selling your car online is the easiest and using online trading sites such as Auto Trader or Carfused can help you with this process. Alternatively, you might choose to go for the traditional route and use the advertisement section in your local paper instead.
4) When advertising your car, getting the price right is crucial in order to make a successful private sale. The first thing you need to remember is you should not make any exaggerated claims about your car as well as attaching any unrealistic prices to it. If you take a look at car selling websites, you can compare your car to those with the same model as yours. Bear in mind the make, model, age and the mileage. Any modifications could attach a higher price tag on your car.
5) Avoid any hyperbole, and make your ads factual. Remember to include the features your car has. This will attract buyers, such as having low mileage, your location and how much longer you have left on your MOT. Describe your vehicle and the condition honestly and make sure it is cleaned before any buyers come along to take a look.
6) Having a range of photos will attract more viewers and give them a feel for what your car is like. This way it’s possible that those viewers could be potential buyers who will want to arrange a car viewing.
7) Once you’ve found a buyer, be mindful of payments. If you decide to sell privately, remember that buyers will haggle, so don’t advertise your car at too low a price straight away. Make sure your funds have been placed into your bank account or the cash is not forged before you hand over the keys.
8) Once you’ve sold the car, DVLA will need to be made aware that you no longer own the car. This will prevent you from receiving any future problems such as fines and parking tickets!
There’s a lot of information out there in regards to selling your car the right way but at the end of the day, it all depends on your preference. So whether you choose to sell online, at auction or privately, then follow the regulations of each choice before going ahead.