Should I Sell My Car to a Dealership?
Selling your car is all about how much time you have on your hands. Apart from that, it’s about convenience and how keen you are on getting a premium price for your car.
What makes a successful sale (either privately or to a dealership) also lies partly in what car you own. For Example:
- Make: A more common car brand that’s known for its reliability and endurance such as Hyundai or Volkswagen will bring more money.
- Model: The year in which the car was manufactured is also important when selling your car. If you’ve had your car for more than ten years, not many individual buyers are likely to be interested in buying it.
- Segment: Both smaller and larger segment cars are in demand today. However, if your car is a hatchback, individual buyers may be more tempted to low-ball you on the price, especially if the buyer happens to be a student. On the other hand, individual buyers looking for a larger five to seven seater vehicle usually expect lower miles and a relatively newer model.
- Additional Features: You may have installed features such as a guidance system, adjustable seats or lane change alarm which give you more to leverage on when negotiating the price. However, it’s not always an easy task to negotiate with individual buyers.
When you’re short on time, a dealership is your best option. This is because dealerships have gone to great lengths to have your paperwork, servicing of the vehicle and other tasks done at a record speed and in the simplest way possible for those selling their cars.
Also, if you happen to have a car that’s known for its low resale value, is older than 10 years, has done over 10,000 miles or has been in one or more accidents in its past, you’re probably better off selling to a multi-brand dealership. This is because they are not very selective when it comes to buying cars. Neither will they have a set of preferences when it comes to the kind of car you own.
What we recommend you don’t do is to try to sell or trade-in your car of one make, say a Hyundai, to a dealership that deals only with Honda cars. They may be willing to take your car but the price offered will be rock-bottom. So steer clear of doing this!
At the end of the day, shop around and get a few quotes from a few dealerships, negotiate a good price with one and go for the sale. This is the quickest and easiest way to sell your car however old or used it may be. Follow these tips to get the best prices for your vehicle.