Sell Private or Sell to a Dealership?
What does "selling privately" mean?
If you don’t know, selling privately means that you will be selling it yourself. Whether you decide to advertise it online, in the newspaper or put a “for sale” sign in the front window.
What are the advantages of selling privately?
Selling privately does give you more control of the selling process. As well as preparing your vehicle for sale, you are also in control of where and how you want to sell it, and for how much.
The second advantage of selling your car privately is that you can advertise it on multiple platforms to potentially reach a wider audience. increasing the likelihood of the vehicle selling faster.
What are the disadvantages of selling privately?
While you do have more control when you choose to sell privately, there are still some drawbacks to this selling option.
Depending on the age, condition, make, and model of your car can determine how long it takes to sell. It’s important to do your market research to get an idea of how much your car retails for, as well as how many of your cars have been sold during a 6-month period. With this information, you can understand whether your car is in high demand and can price it accordingly.
Another thing to keep in mind when selling privately is the likelihood of prospective buyers being critical of your car when inspecting it. In cases of excessive criticism, this is known as “tyre kicking", which is typically used in order to get a better deal. This can also lead to prospective buyers wanting to negotiate and haggle over the selling price, which could mean selling the car for less than you intended.
How do I sell my car to a dealership?
When it comes to selling your car to a dealership, you can choose to either just sell it for its value or as part of a part exchange deal. You’ll be required to submit your details as well as the car’s make, model, mileage, and age in order to receive a valuation.
What are the benefits of selling to a dealership?
One thing that a dealership has over selling privately is that the process is more convenient. You’ll often be able to apply for a valuation online and make the arrangements to complete the sale in a short amount of time.
You also won’t need to worry about sorting the paperwork once the sale has gone through, as most dealerships will often take care of this for you. It’s quite common for dealerships to buy cars following an in-person vehicle inspection. It’s best to find out the maximum age and number of miles a vehicle can have, as it varies from dealership to dealership.
Are there any negatives when selling to a dealership?
Valuations you receive from a dealership may be lower than the private sale selling price. When a dealership purchases a car, they’ll more than likely add it to their current stock in order to sell it to used car buyers.
This can be considered a trade off, however, as you’ll be more likely to sell your car quickly and easily, but you could get less for it.
How do I know which selling option is best for me?
When it comes to deciding which selling option to choose, be sure to consider the most important factor for you.
If you’ve had previous experience selling privately, then you might be more comfortable handling the process from start to finish.
However, if you’re in need of selling your car quickly or need to find a replacement vehicle, then a dealership can provide you with more options and choices all in one place.
Can I sell my car to LG Car Sales?
Yes! If you’re interested in selling your car without the hassle, then you can receive a valuation quickly and easily.
All you need to do is enter your car’s reg number on our website to get your valuation, and then we’ll be in touch to discuss it with you. If you decide to continue the process, then we’ll take care of the rest once you’ve dropped off the car with us.