Tips and Tools
How much should I sell my car for?
Mar
The first thing you neeed to understand when selling your car is how much your car is actually worth. Not what you believe it’s worth but what the market or potential buyers are willing to pay for the car. Another factor that influences your sale price will be how fast you need to sell your vehicle. For instance, if you need to sell your car quickly, you could aim to sell below market value.
There are a number of different methods you can use to sell your car an different methods will influence your vehicle’s sale price. Discover Where is the best place to sell my car to learn about the the most popular methods to sell your car and the advantages and disadvantages involved with each method.
Understanding how much your car is actually worth
To get a professional valuation for your vehicle, it is a good idea to speak to a number of sources including mechanics, professional car valuers and even conducting your own research to see what other people are advertising their car for on various car sale websites. This process can be quite costly and time consuming but it will give you a better understanding of your potential selling price.
Furthermore, please be aware that when you look at car selling websites to get an idea of market value, these are only the prices that other car sellers are asking for – not the actual market value. Most car owners looking to sell will tend to over value their prize possession, their baby, etc. – there’s a sentimental influence affecting the asking price. Nevertheless, it’s still a good idea to use these to give you a ballpark estimate.
Selling your car immediately (well not quite)
Two of the best methods to sell your car on the spot is to trade it in to a dealership (assuming you’re purchasing a new car) or by selling it to a used car dealer. Just be aware, that when a car dealer gives you a valuation for your vehicle, they tend to overestimate the value so that you are more likely to trade in your vehicle and buy a brand new overpriced car – because let’s face it, all car dealers have a lot of wiggle room when it comes to the sale. So never rely on a valuation from a car dealership or salesperson as a true market value because it is only valid if you buy a brand new car with that salesperson/dealer.
Furthermore, selling your car to a used car dealer will generally lead to a sale price significantly below market value. This is their business and they need to make a profit. As a result, they buy below market value as much as possible and sell above market value as much as possible.
Spending more time to sell your car
If you don’t want to receive the lowest possible offer for your vehicle and also have some time, you could list your vehicle on a car sales website at a price just below market value to generate more interest. One thing you do need to keep in mind when advertising on a car selling website for a low price is that you might attract a lot of time wasters that are just curious as opposed to serious potential buyers.
Furthermore, if your sale is not time sensitive, you can always list it on a car sales website for a price slightly above market value. That way you have room to bargain down and hopefully achieve the best sale price possible. It is very rare that you will be able to sell your car above market value simply because most people don’t have the time and experience to sell their own car. Regular car owners will always try to do the best they can when it comes to listing their ad and carrying out marketing efforts to promote their vehicle.
Nevertheless, when you look at the used car market from a buyer’s perspective, they are usually overwhelmed with a number of different options. As a result, in order to succeed with selling via this method, you really need to be advertising a point of difference.
A great way to maximise your sale price and save time
This is where We Sell Your Car comes in. We have a dedicated team that work to get the best sales price for your vehicle and handle the entire sales process. All you need to do is to leave us a few details and we can provide you with an estimated market value within 24 hours. After that, we’ll take care of the rest including creating the ad, handling all forms of communication, meeting with potential buyers, negotiations and finally the sale.
We’ve decided to take this opportunity because we believe we can offer true value to many car owners interested in selling their vehicle. Trying to sell your car in your spare time might not be successful or worth the effort. The entire process can be very time consuming and frustrating so by the end of it, you may just aim to get rid of the car instead of selling it for what it’s actually worth.
Since we have a dedicated communications, marketing and sales team to streamline the entire process, we will always by fighting your battle, ensuring the job is done professionally and maximising your sale price.
The marketing team’s role is to conduct all market research for you to get the best idea of the true market value. They use their research to develop clear, concise and professional ads that will stand out and reach as many potential buyers as possible. Our communications team is then responsible for handling all potential buyer communication for you.
When you advertise your car, you’ll get several enquiries and you’ll get even more time wasters. Our communications team will qualify potential buyers for you by separating the time wasters from the serious buyers. More responsive and serious buyers will then be encouraged to book an appointment to meet with one of our sales experts.
You shouldn’t have to deal with lowball offers, late arrivals or no shows so let us take the load for you.
Our sales team is responsible for meeting with potential buyers. It isn’t uncommon for potential buyers to be late and even not show up to viewings and test drives. This is one of the most frustrating parts about selling your car. This is another reason why we provide our service and do all the heavy lifting for you. Our sales team are expert negotiators so once the viewings and test drives are complete, they stick to their guns to get you the best possible sales price.
Conclusion
When selling your car, you should first investigate how much your car is actually worth in the current market. If you have the time you could sell the at or above market value using a car selling website. However, just remember that doing so in your spare time can be quite difficult, frustrating and stresssful.
If you’re looking the sell your car in the immediate to short-term, you could do so with a car dealership (assuming you’re going to buy a brand new car) or a used car dealer. However, because of the time convenience factor, you won’t maximise your vehicle’s potential value.
However, if you’re looking to find the best meeting point where you can maximise your vehicle’s potential value and not having to worry about selling your car, you should consider the experts at We Sell Your Car. Whilst the sale isn’t immediate, you don’t need to worry about selling your vehicle as the dedicated teams work to sell your car as soon as possible for the best price possible.
