There are three traditional methods of selling a used car. Privately, with a dealership, or through a car auction specialist. However, each of these methods tends to come with certain pitfalls. And for those of you who wish to avoid these, there is a fourth option. selling your car to a ‘cash for cars’ trader. There are many reasons why these sorts of businesses are much more suitable.
No Need for Negotiation
Normally, with a dealership or a private buyer, you will find that the buyers will try to negotiate on price, whatever benchmark you set, they will try to bring it down as much as possible. A car auction avoids this problem, as the final value will depend upon who is present at the auction, how many people bid on the car, and how interested they are in buying the car.
However, when you sell your car with a ‘cash for cars’ trader, you will find that many ask you to stipulate the price you are seeking. This is fantastic news because sellers are able to ask for the market value of the car, and often, the traders will match the price (although the exact price will depend on the condition of the car in comparison to others of the same make, model, year, and mileage). By opting to sell your car with a ‘cash for cars’ trader, you negate the need to negotiate, which makes the process simpler and less time consuming.
No Need to Carry Large Cash Sums in Public
Private buyers will normally offer cash, as oppose to cheques or other forms of payment, and this can create problems. If you sell your car for £6000 and you receive cash, you will need to count it, which can take time, but moreover, you will have to carry the cash around with you, which is extremely unnerving.
Alternatively, if they pay by cheque, you will need to wait for the cheque to clear before releasing the car, an added inconvenience by many accounts. Conversely, if you choose to sell your car to a ‘cash for cars’ trader, they will normally pay through a BACS transfer, thus money goes straight to your bank account, no need to carry around huge sums of money and no need to venture into to town to cash a cheque.
No Need to Payout if the Car Breaks Down Once Sold
When selling a car, you will normally need to provide a ‘sold as’ contract, stipulating that the buyer purchases the car as it is. This document will protect you from and legal ramifications that may arise if the car breaks down once it has left your ownership. With a ‘cash for cars’ trader, you will not need to offer a ‘sold as’ contract, they take cars as they are.