What Are Your Options When Trading in Your Car?

Posted by Ben Davidson about 4 months ago

Choosing to upgrade your car for whatever reason can be a stressful time. There are so many variables to bear in mind when making your decision. Every person who shops for a new car, be it a second hand of a brand new model, has different requirements and budget but one thing many car buyers have in common is that most of the time, they will have another vehicle to sell or trade-in for their newer car.

But what is the best option for you when you are looking at trading in an older car when buying a new car? Will the dealership give you a fair price for your current vehicle or is it worth your while looking to sell privately to get as much as possible?

Selling your car privately

When it comes to selling your car privately, it is worth knowing exactly what it is worth before you list an asking price. It is likely this method of selling your used car will get you the best price in the end but remember, you will need to expend time and energy dealing with advertising your car for sale, talking to strangers and arranging viewings and then being available for people to come and see and test drive the car. If this is something you are happy to do then it definitely is worth all the effort in the long run.

Car Buying Sites

Alternatively, you can choose to sell your car to a car buying website. Simply searching for how to sell my car will give many results of dealerships or car buying companies who will give you a set price for your used car. This is often an easy way to offload a non-runner or a car that isn't roadworthy for minimum fuss as the car will be collected by the buyer and taken away. Prices for using services such as this will vary but in some cases, you may be able to get a better price than selling via a dealership.

Dealership

If you want an easy way to sell your car and aren't too bothered about how much you are offered for it, then trading it in for your next car will get you a reduced price on your new car. Dealerships will often barter you down on price and the money offered will come off the total cost of the car you choose to buy from them.

Using this option to get rid of your current car is the hassle-free and instant meaning you have tied up any loose ends at once thanks to a simple trade-in. Again know your cars worth and its condition so you can haggle with the salesperson to get the best deal. They will look for any signs to lower the offer price and then more you know about your car, it's worth, any faults including bodywork marks or damage will ensure you get the best price and avoid having the wool pulled over your eyes as far as your car's valuation and worth.


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