Selling Your Car Trade-In Or Private Sale

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Author: Mick Swift

Selling your car can be an inconvenience to say the least. First you have to decide whether to trade it in or sell it privately. There are two schools of thoughts on this. There is the person who can’t stand the hassle of selling their car privately so go to a dealer to trade the old one in and get the best price they can, knowing that the car they buy will have some kind of guarantee but it will cost them more. Then there is the person who wants to get the best price for their car so has to sell it privately, then uses that cash to buy a car privately to get it cheaper than it would cost at a dealer, but sacrifices any kind of guarantee. Then in some cases you get the cross-over where someone tries to get a high price for their car by selling it privately but after weeks of not selling because they are being greedy and have spent a fortune on advertising they get desperate to sell the car and end up trading it in to a car dealer.

Each method of selling your car has benefits and risks so you have to decide which to go for. Using the Internet you can now reach far more buyers than when you could only use magazines, plus it can cost less. If you are wanting to sell a BMW quickly without any cost or hassle try Buy My BMW. This site sends emails with details of your car to waiting buyers who then contact you.

The problem with selling privately is you have to organize advertisements, then wait at home for the phone to ring because most people who phone in response to your ad want to view your car for sale straight away. You can of course put your mobile number in the ad then carry on with life but the problem then is that apart from being illegal to speak on the phone whilst driving, it’s just not a good idea to have a detailed conversation about your car whilst on the phone in case you crash it â€" sale over.

If you are not in a hurry to sell your car you can start by asking a high price then reduce it in following weeks. There are numerous ways of finding out the value of your car before placing the first ad. Unless you want to sell it quickly don’t under value it. I have kicked myself a few times when, after placing an ad to sell my car the phone hasn’t stopped ringing for a week. It was obviously too much of a bargain!

Trading in can be so much easier, what you have to be aware of is that everything is negotiable. Remember these two things. Never ‘fall in love’ with a car, and be prepared to walk away from the salesman. Negotiate until he will let you leave the showroom without making the sale, then you know he has reached his absolute bottom price.