How to Sell a Used Car in 2021
Whether it is for upgrading or simply needing the cash, there are different options available to you to sell your car. Here are the things that you need to know to sell a used car quickly in 2021.
1. Do research for prices
The Covid-19 pandemic changed the whole economy and mainly for the worst. However, used car prices weren’t much affected, on the contrary, there has been a rise on used car prices. People call it “Covid Tax” and if you sell your car now, you may benefit. It’s important to do research on the prices of cars the same as yours. Simply go the car selling platforms such as Gumtree, Carsales.com.au or Facebook Marketplace and type in your car’s make and model. Look at similar condition cars with similar kilometres and you should have an idea what to price yours. When pricing your car, take into account the negotiating part. You want to have room to go down. Also, depending on how much rego your car has left, you can adjust the price accordingly. Buyers are generally leaning towards cars with longer regos.
2. How do I sell it?
Selling Privately
Selling privately is the most popular way people sell their cars. You can take photos of your car and make a detailed description of it and post it. People can then contact you to make an offer, and will often come and inspect the car. Selling privately comes with the advantage of being in the control in terms of the price and negotiating, however, you are not protected from time-wasters and lowballers. Be prepared for people who might be a little annoying with their negotiation tactics.
Selling privately also may take weeks if not months.
Selling Online
If you don’t want to deal with classified platforms and people who waste your time, your other option is selling your car online. You may wonder “how do I sell my car online?” The answer is simple – car buyer services. A company such as Cars Wanted Newcastle will pay top cash for cars. With this type of service, you can sell any make/model cars in any condition. It doesn’t necessarily need to be in mint condition. Another advantage is that you won’t have to drive it anywhere – your car will be picked up from your doorstep.
Trade-In or Sell to a Dealership
If you’re buying a car from a dealership, you might as well trade in your old car. This way, you will get a “discount” on the new car by the worth of your previous car’s trade value. The trade-in value of your car is dependent on its make, model and condition. Dealerships, however, are known to pay way less than average market prices for cars. So if you are looking for a quick way of getting rid of your car, you can choose to trade in your car. If you are looking for maximum profit, however, your best bet is either selling it privately or sell it to a car buyer service such as Cars Wanted Newcastle.
