Anyone who is planning on selling their vehicle will have different priorities in terms of convenience, value and time involved. Some of us just want the whole process to be done with as soon as possible. Others will prioritize getting the most money possible for their vehicle. Others, living busy lives will want the most convenient option so that they have to do as little as possible whilst also getting a fair price. Dealer trade-in, private buyers and cash for cars companies are the three most popular ways to sell your vehicle. The follow are shows how they rate in terms of convenience, value and time involved. Check their comparison for highest cash rate for cars in Melbourne.
The Pros and Cons of Selling Your Car to A Dealer Trade-In, Private Buyer and Cash for Cars Company
Dealer Trade-In
Convenience
Dealer trade-ins are convenient because you can take care of selling your current vehicle and getting a new vehicle all at once. Their inconvenience lies in needing to choose a car from their business only.
Value
You will likely not get a high price for your vehicle, nor will you have much negotiating power. On top of this, your options for your next car will be limited to those available at the dealer trade-in.
Time Involved
Time involved involves sorting out the paperwork, negotiating the deal (although quite limited in your options) and the car that you would like to buy and trade your own car for.
Private Buyer
Convenience
Selling to a private buyer allows a lot more control in the whole process including where you advertise and also gives you potentially more buyers to choose from. Its inconvenience relates to the large amount of time and effort involved in the process, since it is you who is running the show.
Value
The biggest pro to selling to a private buyer is you have the potential of getting the highest price for your car. You will generally be able to get a higher price from a private seller than other avenues, unless your car is scrap where this might vary.
Time Involved
The private buyer option rates probably lowest in the ‘time involved’ aspect of selling your car. It can possibly take months to find a buyer offering a price you’re happy with, not to mention a lot more time will be had advertising your car and meeting potential buyers who would like to look at it.
Cash for Cars Companies
Convenience
Cash for cars companies – also known as car removal companies – are extremely convenient for selling your vehicle. You can expect to get a fair cash offer for your vehicle and are guaranteed a sale as they buy your vehicle ‘as is’. Other conveniences are an ‘instant quote’ by the phone and free towing.
Time Involved
The biggest perk of selling to a Cash for Cars Company is time. You can have all your paperwork sorted, your car inspected and towed away, and to be paid in ‘instant’ cash all in one day.
Value
Although private buyers have the potential for higher offers, cash for cars companies generally can give you a fair price up to $9999, especially If your car is seemingly ‘unsellable’. This is because they make the most of all your car parts. Cash for cars companies are especially beneficial for ‘scrap’ vehicles.
So, there you have it. The pros and cons of each method. Choose the one that fits your needs best.