First Things To Consider
To decide the best way to sell your car, there are a few things to consider first.
- What will be your next car? This may not seem relevant, but if you are buying a new car or a used car from a respectable dealer, the most cost effective way of selling the old one may be to simply trade it in. Although you might not get the highest price for it, it does save an awful lot of hassle and by the time you’ve taken selling costs such as advertising into account, you may actually be better off. For details of how to negotiate a trade in, click ‘here’.
- What is your car worth? Carefully check the value of your car by searching for similar cars in the local papers, online or with valuation guide books. If your car is expensive, selling it through the local papers might be difficult - many people buying expensive cars prefer to do so through a dealer. On the other hand, an old jalopy isn’t worth price of expensive magazine advertising and is best sold through the local paper. So there are decisions to be made based on value.
- Do you have funds available for your next car? If not, and it depends heavily on achieving the best price for your old one, selling privately may be the best option.
- If you are buying your next car privately, will they consider taking your old car in part payment? This may reduce the amount of cash you need to have available and save advertising costs.
