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Best Ways to Sell a Used Car

By: Scott McBride - Updated: 24 Aug 2010 | comments*Discuss
 
Selling Cars Used Car Used Car Prices

There are more ways than ever before to sell a used car and some will bring greater rewards than others. Those who want a quick, hassle-free sale might sell to a dealer for cash or take the car to auction. Put more work in and better returns can be had from an advertisement in a specialist magazine or an online auction.

An ad in a local newspaper or a newsagent’s window won’t be too expensive, but it is unlikely to attract much interest either. This option is more suited to offloading an old sofa or exercise bike. Few people go car hunting in local newspapers these days, so up the ante by increasing the advertising budget a little.

An online auction can get a car seen by many potential buyers and, as long as the reserve price is realistic, the car should sell. Ebay is the first auction website that springs to mind, but there are others so take time to hunt around for options. Provide several quality photographs to entice buyers and be honest – point out faults as well as strengths. One drawback of online auctions is the greater chance of being messed about by a bidder who refused to pay up when they win the auction.

Cheap Deals

Those selling cars at a good, old-fashioned auction should not expect to pocket the car guide price. Yes it’s quick, easy and relatively painless, but auctions are, in the main, attended by dealers who will not pay anything like the car’s market value. The seller will have to pay a percentage of the sale price to the auction company too, so do not expect to get rich. Nevertheless, it is an option for those keen to get rid of a car and pocket the funds quickly.

It is possible to go straight to a dealer and sell a car for cash. Many independent dealers will be happy to make an offer for a car, even to those not buying one of his cars. It’s a straightforward, quick and hassle-free way to sell a car, but do not expect a great price. A dealer will only buy if he is convinced he can sell the car on at a profit.

Don’t Sell to a Friend

In theory, the best way to sell a car is to offload it on a friend. In practice, this is not a good idea at all. If something breaks on the car soon after a friend has bought it, the friendship can be left in ruins and may never recover.

Perhaps the best way to sell a used car is to place a classified ad in a specialist magazine. There are several magazines to choose from and the people who buy these magazines want to buy a car so the ad will reach its target audience. Many of these magazines have their own websites now and this can increase the number of potential buyers reached. Look at used car prices in these publications before placing an ad and make sure the car is competitively priced. The car should make a fair price and the only downside is that potential buyers may continue to call for a few days after the car has sold.

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