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Selling to a 'Buy Any Car' Company

By: Scott McBride - Updated: 24 Feb 2011 | comments*Discuss
 
Used Car Price Haggling Buy Any Car

Selling a used car privately can be a hassle and is time consuming. The first task is to set the right price and then the car has to be advertised for sale. A seller has to stand by the telephone or get online to answer a stream of questions from interested parties and then watch on as these potential buyers come to view the car and perhaps even take it for a test drive. There will tend to be a bit of haggling before a final price is agreed on and then there is the worrying wait until the funds have cleared and the sale can go ahead.

Many people with busy lives want an easier way to sell a used car these days, but may not be interested in a part exchange. Well, now there is another option in the shape of specialist companies that will buy any used car at the right price.

The obvious advantage of selling a used car to one of these ‘buy any car’ companies is how easy the process is. Simply by entering details of the car for sale online, a seller can receive a valuation by email. If the offer is an attractive one, the seller can take their used car along for an inspection and, if all goes well and the sale is agreed, the money can be in the seller’s bank account within three or four days.

Buy Any Car

These companies will buy all makes and models of car, non-running cars and even cars with outstanding finance, so where’s the catch? Well, it all comes down to how much these companies are willing to pay for the car.

For those willing to put up with the hassle, there is no doubt a private sale will achieve a better price. Even a local car dealer may be willing offer more than a buy any car company, so check this out before making any commitment.

One accusation levelled at the buy any car companies is that the initial online valuation given is often much higher than the price finally offered once the car has undergone an inspection. Even the initial emailed valuations – based on the car’s age, mileage and condition – tend to be at the lower end of the car industry’s recognised valuations.

Lower Price

Before the sale goes through, however, the condition of the car has to be confirmed by a member of the company’s valuation team. At this point, stone chips, small dents, lack of a spare key, slightly worn tyres or missing service records can be used to reduce the offer by hundreds or even thousands of pounds. Often the final price offered is as much as 20 per cent lower than the original online valuation. In addition, there is usually an administration fee of between £50 and £100 charged.

Of course, sellers who have gone to the trouble of taking the car along to one of the company’s branches for a valuation may be inclined to accept the reduced offer for the sake of a simple life, but remember there is no obligation to sell the car. Unless you are satisfied with the price it is better to walk away and try to sell the car elsewhere.

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