Privately selling your car might seem an easy way to pocket a bit of extra cash. However, there’s a lot more to it than cleaning and polishing your pride and joy, and creating a glowing advert for online marketplaces.
It takes time and real effort to sell your vehicle privately. One of the crucial aspects is determining the right price. If you aim too high, your listing might sit untouched for weeks. If you price it too low, you risk leaving money on the table or attracting scammers.
How much is your used car really worth?
It’s simple enough to research what similar car models are going for online, but the current economic climate dictates what buyers will actually pay. You also need to consider your bottom line. Is there finance owing on your car? Ideally, the sale price should cover the outstanding amount and bring in a profit.
If your car is not at peak performance, you might also need to get it serviced or pay for minor repairs to get the most value.
Then comes the paperwork. Depending on your state, you’ll need to gather several documents: licence, current registration certificate, roadworthy certificate, transfer of ownership form, owner’s manual, scheduled service logbook, vehicle history report etc. The regulations for transferring ownership of vehicles vary from state to state, so you’ll need to research these requirements in detail.
But wait, there’s still more to selling your car privately…
Once your ad is live, you’ve got to stay contactable so you don’t miss genuine buyers, while avoiding time-wasters. How strong are your negotiation skills? Can you remain polite, fair, and firm on lowball offers and flexible with genuine inquiries?
Keen buyers will want to view your vehicle and take it for a spin. Some people may even bring along a friend or their own mechanic to check under the hood. If you’re uncomfortable sharing your address, find a safe meeting spot. Then, when it’s time for that all-important test drive, you must be comfortable with accompanying them.
If you’re exceptionally lucky, the first person to see your car will agree to the price you’ve determined. A more realistic scenario is weeks of back and forth. Multiple inquiries, test drives, and negotiations before the car actually sells and the funds land in your account.
Selling a car privately might get you a slightly better deal, but when you weigh up the total cost in terms of your time, effort, and the hassle of negotiations, is it really worth it?
How to sell a car fast in Australia
A faster and easier way, is to sell your vehicle to a reputed dealer like easyauto123. For starters, we offer a quick way to determine your car’s resale value. Using our easyquote platform, simply provide some details and a price range will be sent to your mobile in 60 seconds. Almost 90,000 customers have used easyquote in the last two years because it’s so convenient and fair.
How do we arrive at these valuations? By analysing massive amounts of real-world data. We compare your car against similar vehicles using sophisticated technology and data gathered from serving over 1 million customers within our automotive group. Once we inspect your car and verify that its condition matches the description, payment moves quickly. Between 70-80 percent of cars purchased using easyquote fall within the initial valuation.
Sell your car with confidence
You don’t even need to buy a car from easyauto123 to sell yours! We are always looking for quality stock and buy thousands of vehicles every month from people just like you.
So, if you value your weekends and want to avoid the typical headaches of selling your car privately, there is a much simpler path. Instead of spending weeks or months fielding calls, dealing with strangers, setting up test drives, and haggling over the price, take advantage of our easyquote platform.
Click here to explore your car’s current value on easyquote today.
