Many people find the process of buying and selling a car almost as stressful as moving house, indeed after your house it will probably be one of your most expensive purchases. Selling privately whether this is to friends, family or complete strangers you need make sure sell my car for cash today the finance is paid in full before completing any sale, this is a legal requirement, if you don’t the finance company could take the car back from the person who buys your car. No doubt you need the money tied up in the car to pay the finance off. This is where some negotiating may be needed or indeed the buyer could pay the money direct to the finance company and the balance (if there is any) to yourself. If you sell to a Motor Dealer / Trader they will settle the finance for you and pay you the balance.
What is the best way to sell it?
Selling your car to Family – undoubtedly one of the easiest ways if someone in your family has been asking you to let them buy your car when you come to sell it, then don’t delay…ask them if they want it don’t let them mess you around though and don’t feel like you have to sell it at the lowest price. Beware (and ask anyone in the motor trade) family and friends will be your most difficult customers. Every time they see you they will mention something else that rattles or squeaks on the car and if something major was to go wrong then take cover because they will be on the phone or round at your house quicker you could say Ford Fiesta.
Advertising your car privately – This is another popular way to sell your car but it isn’t for the feint hearted. It will cost you to advertise and like most things you pay for what you get. Typically you would either advertise in your local paper or a well known national publication. Whilst these options are no doubt the best way if you are looking for the top money for your car, you may have to be patient and re-advertise it a couple of times depending on how in demand your car is. You will also be faced with a lot of tyre kickers, test pilots, dreamers and time wasters who will expect your car to be in showroom condition and then and knock you down for the slightest mark. They will also bring a friend of a friend who will claim to be an ex formula one mechanic and then proceed to tell you your car is ready for the scrap yard unless £1000 + is spent on it…as a token they will offer to meet you half way if you knock £500 off the asking price. Be strong, if you know the car is mechanically in good condition then tell them where to go or tell them to pay for an independent inspection if they are that concerned.
Part Exchange – A great choice if your new car is with a dealer and they offer you a price you are happy with, they’ll assess the car and make you an offer..but, don’t accept the first offer, tell them you want more. They’ll have profit in the car they are selling you and should have room to move a bit on what they have offered. If you are comparing deals with other dealers make sure you look at your total cost to change, not just what they are offering you for your PX. A small variation in the interest rates offered can make a massive difference to your total amount payable over the duration of any finance period.