Money for your motor – 3 effective ways to sell your car

Alice Nicholson

By: Alice Nicholson

We all love our cars, but there comes a time when we need to buy a new vehicle. Selling your car can be a daunting process. You want to get the best deal, but sometimes you might not know what the best process is for you. We know that things like this can be stressful, so we’ve made a list of the three best ways to sell your car.

Before you do any of the next three options, it’s important to know the value you of your car. As you’ll learn, the method you choose will determine how much money you are going to get for your vehicle. However, if you don’t know your car’s true value, you’ll struggle to get the right price for your car.

Selling your car to a dealer

Selling your car to a dealership is one of the most convenient and stress-free ways of selling or replacing your car. The dealer will make sure your car is in perfect working order before selling it on, so you don’t have to.

If you want to trade in your car for another car, you can part-exchange it. This takes the price of your old car off the price of your new car, which is usually the easiest way to get a new car. You drive there in your old car and drive away in a new one.The one thing you have to keep in mind is the dealership has to make money when they buy your car, so they have to take this into account. This means that when they buy your car they may offer you a lower price than you would get if you were to sell it privately. Saying that, the dealership takes away all the hassle, so it’s kind of like paying for the service.

To read find out more about part-exchanging your car with Stoneacre, click here

Private Sale

Putting your car up for sale on your own means you’ll probably get a better price than if you sold it through someone else. You set the price and as long as it’s reasonable, you will get something in that ball park.

There are a few downsides to selling your car yourself, these include:

    Sorting out all the paperwork yourself

    Advertising the car (which can be costly)

    It can take a long time to sell your car

    The buyer will almost always try and haggle you down to a cheaper price

    People can waste your time by not turning up or offering an insulting low price

    It can be very time consuming

If you’re expecting a higher price than other people with the same car or you have an unusual car, selling your car could take more than a year. Your car will begin to lose value in this time. If you’ve already sold a car or know the tricks of the trade, you will be fine.

However, if you don’t know much about contracts, legal issues or you need the money quickly, it’s better to consider other options.

Car Auction

If you’re looking for a quick and easy way to sell your car, you should consider a car auction. There are online auctions and physical auctions. Car auctions are a good option because there’s no advertising cost and you don’t need to worry about haggling. In some cases you get more money than a dealer would offer.

It’s less time consuming than selling your car privately and less hassle. You could put your car up for auction online on a site like eBay Motors or Autotrader, but this method has all the downsides to private selling.

Some businesses like Newark Motor Auctions have been around for more than 40 years. They sell more than 300 cars a week. The cars range in price but they strive for the best price for your car.

Like all things, there are a few downsides to consider. For example, there’s no guarantee your car will sell or you may not get any bids at all. Keeping this in mind, make sure your car is presentable and in the best possible condition before selling it.