Some months back, I was looking for information on how to sell my car quickly. What I discovered was that I had plenty of options at my disposal.
See, selling a car is all about research. The first thing you need to do is find out what your vehicle is worth. This involves answering a series of questions about the car’s make, model, and mileage.
Once you complete this questionnaire, you’ll have an estimate of the retail value of your car. At this point, you can start looking into your options. Here are 4 ways you can sell your car in a reasonable time frame.
One of the easiest ways to sell a car is to trade it in for a new one. In this scenario, the sale itself takes very little effort.
Of course, this convenience comes with a price. For starters, the trade-in value of your car is often lower than what you may get elsewhere. The more money you get from the dealer, the less profit they’ll make on the resale.
Also, the extra cash you get on the trade-in may show up as a new charge on the purchase of the new car. In other words, the dealer holds all the cards.
Even if you’re aren’t buying a new car, you can sell your current one to an outside dealer.
Once again, you’ll only get the wholesale value for the vehicle. That said, many dealership chains will buy any car people are selling. The car’s mileage and condition play a part in deciding the price, but they’re not the only factor.
Before selling your car this way, make sure you’re getting the best offer possible. Quick tip: try to find a dealership that sells your vehicle’s brand. They’re likely to give more cash for cars than off-brand dealerships.
Selling your car to a private party may get you the full retail value of the vehicle.
The main downside of this method is that it may take a while. You’ll need to advertise the vehicle, wait for the buyer, show them the car, and repeat as necessary.
If I were selling my car privately, I would only accept an EFT for payment. Personal cheques can bounce, forcing you to take legal action against the buyer. Also, ensure you wait for the money to fully reflect in your bank account before releasing your car!
If you’re short on time and none of the above methods work, you may want to turn to dedicated car buyers, like Selluscars.co.za
What does this involve, you ask? Well, you’ve probably seen those “we buy cars for cash” signs while you were driving. If you need to sell your car right away, you may want to give this approach a shot.
I’ll be honest, you may get more for your car selling it privately via Gumtree, OLX or a similar classified site. But you need to decide if it’s worth the risk, time and effort.
When you sell your car to bulk car buyers like Selluscars, it’s a safe bet, with recourse if you’re not happy. Plus, you can have the money in your account the same day! All it takes is a quick 3-step application, detailing your car, uploading an image of it, and your contact details.
Next, you’ll receive an offer via email. Should you be interested, a valuator will call you to arrange an inspection, or you can take a drive to their premises at 2 Prospecton Road, Durban. They’ll confirm a cash offer for your car, help you to complete the paperwork — and the amount agreed is transferred to your account while you wait!
Easy, effortless and importantly, safe. This would be my recommendation any day.
As you can see, all these methods have their advantages and drawbacks. Which one should you go for? That depends on a lot of factors, including your own willingness to wait for a good deal.
Our suggestion is to try the methods outlined in this post, and compare your best offers. It may well be worth an extra few grands for the effort you put in!