If you are in the process of shopping for a new car, you may be contemplating trading your current vehicle in to make upgrading as easy and hassle-free as possible. While most dealerships accept trade-ins, trade-in values are much lower than the Kelley Blue Book value of your vehicle. If you are willing to advertise your vehicle, meet with potential buyers, and deal with the negotiation process, you should consider a private sale. Read on and learn the advantages of selling a car that you may have never considered.
On Most Platforms, You Can Advertise Your Car For Free
In the past, private party sellers were charged a monthly fee to have their classified listing printed in monthly auto sales magazines. Today, however, there are several different classified platforms sellers can advertise their private car sale for free.
Get the Most for Your Car
Unfortunately, sentimental value does not translate into monetary value. When you are selling a vehicle, you probably think it is much more valuable than a dealership does. If the vehicle is older, the dealership will actually sell the vehicle at auction. If it has low mileage, it may be touched up and sold at a used car lot. When you choose the private sale option, you will certainly get more money in the end. The person you sell the vehicle to sees value in the vehicle. They are not simply buying the vehicle at a discounted price to earn a profit. Selling your car to someone in your community at a reasonable price is doing a good deed.
Apply More Towards Your New Car
When you buy a new car, you do your best to negotiate the sticker price. If you choose to trade your vehicle in, you are not going to have as much haggling room. Sure, the money will go towards the sales price of the new car, but the dealership will not be as open to lowering a sticker price because they feel like they have already done you a favor by offering to take your car off of your hands. Sell your vehicle yourself, and you can apply more towards your new car and get more haggling room.
A private sale may be the best option if you are willing to put in the time. List your vehicle, take good pictures, and set up test drive appointments as soon as possible. Before you know it, you will have money in your hand to put towards the purchase of your new car.