What are My Options when Selling My Car?

Posted on Nov 21 2018 - 9:00am by Guest writer

There are many reasons why you might want to sell your car, and whether it’s to upgrade, downsize or simply because you fancy a change, there are equally many ways to go about getting it sold.

All of these methods have pros and cons, so to help you decide we’ve detailed your options and the benefits or disadvantages of each.

Private Selling

You can look to sell your vehicle yourself by advertising it in a local paper, online or simply to passers-by with a price in the window.

Pros

  • You might get more for your car than with a dealership.
  • The sale can be handled at a time that suits you.

Cons

  • The buyer might be demanding or aggressive with their negotiation.
  • There may be a large amount of people who waste your time.

Quick Cash Sales

There are also companies who will make you a quick cash offer for your car and take it off your hands.

Pros

  • The car can be sold quickly and easily.
  • You can have the cash within a matter of minutes.

Cons

  • The people who inspect your car will invariably find lots of faults and drop the offer price.
  • You may have to haggle with the cash buyer to get a better deal.

Selling to a Dealer

You can also take your car to a dealership and see if they will buy it from you.

Pros

Cons

  • You might not get as much for your car from a dealer.
  • They might not offer you any additional extras like servicing and MOTs, despite having these available.

Scrapping

It might be that your car is at the end of its life and not really worth selling to someone for further use, this is where you might want to scrap it. While this isn’t technically ‘selling’ you can get some money for your car.

Pros

  • You can quickly get money for your vehicle and have it taken off your hands.
  • There’s added peace of mind knowing you’ve not sold another driver a second-rate vehicle.

Cons

  • Not all scrap dealers will be willing to accept vehicles.
  • Scrap dealer rates can vary depending on location and demand and may be lower than you anticipated.

Hopefully the above will help you decide what the best course of action is when looking to sell. The silver lining is that whichever options you choose, you’re sure to get something for your car that can be used to support your future purchases.

This post was created in collaboration with Unbeatable Car.

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