In this digital age anything sells on the internet with a few button clicks. Unfortunately, the internet is filled with car scams that happen on a daily basis.
This article will tell you how to make the most out of selling your car online, how to avoid scammers, and where you can sell your car online.
How to Know What to Expect
When selling your car, the main question you probably have is how much can you get for it. This will vary based on a number of factors, such as the make and model of the car, the year it was manufactured, its mileage, and its general condition.
Kelley Blue Book is a good place to get a rough estimate on the resale value of your car. They use different factors, such as car details, location, and market trends, to come up with a value. You can also get an estimate from a used-car marketplace known as Edmunds.
Fortunately, these sites offer this service for free. Once you have a rough estimate, you can go online to look for a buyer. Here’s how to do that:
Make Use of Car Dealers
Most people believe that it is always better to sell your car directly to the buyer to get a better price, but this is not always the case. Additionally, finding a buyer yourself and passing through all the scammers can be time consuming.
As such, if you have sold a car online before then you can attempt to do it again in the same way you did it before. If it is your first time, though, a dealer may come in handy.
It’s important to know how to find the best dealer online and bargain for the best price. Learn everything about your car so you can negotiate well. Most car dealers will offer an estimate based on the fair market value of the car free of charge. Compare the fair market value estimate with different estimates you’ve found and go with the highest.
When dealing with a car dealer, read the reviews of the company to get a clear picture of what to expect from the transaction. Find out how they charge and how they will make payments to you. If you find the right place, the process can be smooth and hassle free.
Find Cities Where Your Car is In High Demand
Demand for cars varies from one city to another. Of course, you will be able to get better offers for your car in a city where there is high demand for it. Google is always your friend and you can use this tool to find the average price of your car based on where you live.
Expect to Get Lower Offers
People buying used cars are always looking to get a deal. After taking a look at your car, they are likely to highlight some faults and offer a low price at first. As a result, before selling your car directly to a buyer you should consider repairing it and maybe even upgrading some parts.
Sell Your Car in High Season
Cars are seasonal purchases and demand for them usually peaks in summer or spring. In winter, family budgets are geared towards buying gifts and staying indoors. Hold off on selling your car online until the demand is at its peak.
Do Your Paperwork Beforehand
No one is going to buy a car from you without a valid title. Make sure that the car registration, license plate number, and auto loan details, where applicable, are in place. Additionally, remember that it is important to notify your local DMV before selling your car, and that you should find out if you qualify for a tax credit.
Where to Sell Your Car Online
Once you have taken all the above factors into consideration, the next step, of course, is to sell your car. Here are some of the best websites you should consider using to do so.
When selling your car online through eBay make sure that you first compare prices of similar vehicles so you can offer a competitive price.
This site is particularly suitable for rarer cars, such as sports cars. The site vets all cars before they are included in their listings. Because of their more exclusive clientele, you are more likely to get paid a better price if your car is listed here.
This is a high traffic website that will ensure that your car advert gets as many views as possible.
Craigslist is a popular website that is associated with many scams. You should trade with caution when dealing with this website, but it’s very popular and you are likely to get a quick customer here.
This is another popular website that specializes in car sales. You will need to pay to have your car advertised on this site, but it’s worth it since its traffic is high that you are likely to find a buyer quickly.
It is not hard to sell your car online, but always be on the lookout for scammers. If the deal is too good, think twice.