Saturday , 20 April 2019

Planning to Sell Your Car? Here Are the Best Ways To Do So

If you are looking to sell your car, it’s good to know what kind of options you have at you[r] disposal…

[Here are] the 6 best ways to do so…

1. Sell your car on your own

If you are looking to get the most money for your car, selling it privately is typically the way to go. That being said, it also requires the most work on your end. [You need]…to:

  • find out the value’s market valley, but that’s pretty easy to do thanks to Kelley Blue Book.
  • The harder aspects of selling your car on your own include:
    • advertising,
    • replying to inquiries,
    • being available for potential buyers to come and test drive your vehicle,
    • and much more.

…Depending on how fast you are looking to part ways with your vehicle, you can consider placing ads on sites such as:

  • Craiglist,
  • eBay,
  • Cars.com,
  • Autotrader,
  • AutoTempest,
  • Beepi,
  • and more…

Make sure to include information such as make, model, history report, maintenance and repair history, and any previous accidents that took place. Include detailed pictures and be upfront about the car’s body and mechanical condition.

2. Sell it to a dealership

If you are just parting ways with your car in a matter of minutes and wash your hands of all the dirty work, taking your car to a dealership is probably the best way to go.

When you visit a dealership with intent to sell your car, you will receive an appraisal of the value of your car. If you accept the offer, you can walk away with cash in hand. Keep in mind, if your car is no longer working, you will probably not want to go to a dealership.

3. Take out a car title loan

If you are interested in getting money for your vehicle, but are not yet sure if you want to sell it outright, one option is to take out a car title loan. Title loans are secured loans, based off of the value of your car, that typically have a term of 15 to 30 days.

  • One nice thing about title loans is that you can take out a loan on your car and still operate and drive your car as usual
  • …BUT the interest rates connected to them are usually quite high. Sometimes as high as 25 percent!
  • …AND, if you are unable to pay back your loan by the end of your term, you could risk having your car repossessed.

Taking out a car title loan is certainly an option, but one you should tread carefully with.

4. Consider using Autotrader

Autotrader offers a number of solutions to car owners who are looking to sell their car quickly and easily from the comfort of their own home.

  • One great program that they offer is their Instant Cash Offer which lets car owners sell their vehicles at local participating dealers after they offer an instant online appraisal.

If that is not the way you wish to go, you can also take advantage of their services to help you sell your car privately.

5. Trade in your car

Chances are good you are wanting to sell your car to help you cover the costs of buying a new one. If that is the case, you might as well skip the middle man and go straight to trading in your car to go towards your new car. The way to do this is to:

  • visit a dealership and receive an appraisal just like if you were selling your car. The only difference is that once you accept your appraisal, you will be able to use that value as a down payment on your new vehicle…

The one thing to keep in mind, is that trading in your car will probably earn you the least amount of money – probably close to wholesale value. On the other hand, selling your car privately will likely earn you the highest possible value – somewhere close to market value.

6. Have your car picked up by WeBuyCars

If your vehicle is still in solid condition and you are looking to get the sale done quickly and easily, one great resource at your disposal is a service like WeBuyCars. This service will help you sell your car in a quick and easy manner:

  • they will travel to where your car is located to complete the sale – this includes providing an instant appraisal.
  • If you accept the appraisal, they will cut you a check then and there and will even travel with you to the bank of your choosing so that you can be confident that the check will clear…

Now that you know some of the best ways to sell your used car, it is up to you to decide which is the best route for your car, your financial expectations, and the amount of time you have to commit to the process…

The above summary* of the original article has been edited ([ ]), restructured and abridged (…) by Lorimer Wilson, editor of munKNEE.com, for a 18% faster – and much easier – read. (Please note that the previous sentence must be included in any article re-posting to avoid copyright infringement.)

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*The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.