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4 Things to Know Before Selling Your Used Car to a Buyer

November 16, 2020 by Carter Leave a Comment

If you want to sell your used car, you have two options- either you hire a dealer or sell the car directly to the buyer. Regardless of whatever your answer is, it is crucial for you to be mindful of a number of factors. However, you need to get rid of all the worries because we will guide you through the easiest tips to sell your used car to the buyer directly. To sell a vehicle, you don’t need to have an academic qualification in the marketing sector. All it takes is to be confident about yourself and quote your price on the table. Continue reading to know more:

1. Direct Selling Can Get You a Better Price

Keep in mind, when you decide to sell your vehicle to the buyer directly, you get a chance to sell it in its present condition without any warranty or refurbishment. However, when the vehicle is sold through the dealer, you have to go through the archaic process of completing the paperwork and provide written protection of the 6 months warranty under the showroom. This is why dealers charge a handsome price as the commission when they decide to buy your car.

2. Continue Using the Car

While you’re willing to sell the car, you can continue to drive it without any restriction. However, when you meet the dealer, they will recommend you to get it detailed and place it in the showroom. This means, if it takes around six months to find the best dealer, you won’t be able to use the car at all. This way, you will have to spend a lot of money on the commute and travel. So while you are selling the car to the direct buyer in a few days, you can continue to use it without worrying about anything.

3. Depreciation Hurts

Experts believe it takes between 4 to 8 weeks to sell a car directly to the buyer. So it is obvious that your car will witness a decrease in its value during that time. To avoid a high depreciation rate, it is best for you to calculate the value of your car. Visit carbar.com.au to know about the depreciated value to find out the actual value of your vehicle. If you overlook depreciation and set a fixed price for your car, you won’t be able to come across a direct buyer quickly. Think realistically before setting any price for your used car.

4. Don’t Overlook The Long Process of Paperwork

If you don’t hire a dealer, you will have to complete all the paperwork yourself. This means, beginning from collecting the original documents of the car to figuring out the selling agreement, you will be in charge of all the work. However, if you hire a dealer, they might charge a certain amount but will spend time and energy to complete the paperwork tasks on your behalf. Although it will take some time, selling a car directly to the buyer will earn you more money as no commission will be paid to the third party.

Filed Under: Business

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