Should I Sell My Car to a Dealership?
When you’re faced with the decision of having to part with your old car, you’re probably wondering whether you can sell the car yourself or if you should sell it to a pre-owned dealer. You do have another option and that is to take the car to a dealership that sells both new and used cars of the same brand (manufacturer). Each option has its own pros and cons.
For example, if you plan on selling your car yourself, you could get a price that’s close to or even a bit higher than the car’s current retail value.
On the flip side, however, the process of selling your car yourself requires your full attention in terms of screening potential buyers, ascertaining whether they are capable of making the payment, getting the paperwork in order and also getting the car ready for the sale. This is obviously a time consuming process and not many of us have that kind of time or interest to go through this rather tiresome process.
Current Value of Your Car
If you’re thinking of selling to a used car dealer or a branded dealership, keep in mind that your car has a retail value that should be matched. It also pays to remember that the longer you hold on to your car or delay its sale, its current retail value will slide lower than it previously was.
Time is of the Essence
So, if you’re looking to have the car taken off your hands quickly and at a reasonable price, don’t wait! Have your car examined at a service station and valued. You can also get a ballpark figure online from a dealer’s website or from a online appraisal website. Once you have a quote you’re happy with, use it within a week to negotiate a good price for your car at different dealerships.
Choosing a Dealership
If your car is less than ten years old and it has less than 10,000 miles, same-brand dealerships are likely to be interested in buying your car since they usually have an interest in recent car models and same-brand cars that are in good condition.
On the other hand, if your car is over ten years old, has a lot of miles on it or is not in the best condition, same-brand dealerships will most likely not be interested in buying it. This is when you need to consider going to a multi-brand dealership. These dealers are usually happy to take whatever car you have, regardless of its condition. In case you’re not happy with the price they offer you, shop around and try a few multi-brand dealers in your city.
You can negotiate the price based on the last highest quote you received. This is by far the quickest and simplest way to sell your car.