So which selling method is right for you? Well it all depends on your circumstances and how much time/ effort you want to put in – the way we see it there are 3 options.
This is the first option, and usually the most common. Selling your car privately can take out a lot of the paperwork required in selling your car, but it also has a number of pitfalls.
Issues with selling privately
This option is common for those buying a car from a dealer and simply trading in their old car for a discount on a new one. Although there is some convenience in this option, many dealers will try to take advantage of sellers by offering them well below market value on a trade-in or secretly marking up the cost of the new car to compensate. I once witnessed a friend of mine who was offered just $1500 on a well-maintained Subaru Liberty. He then proceeded to sell it to a buying house the next day for $5000!
Our main points about selling to a car dealer
As the final option, this method has not been particularly common until recent times. Car buying houses offer you a price on the spot for buying your car and will generally buy it on the spot if both parties are in agreeance. They also offer the added benefit of often being able to get a price online through estimating tools similar to the one on the Car Buyers Online Website.
We’ve outlined the benefits of buying houses below.