In 2023, there are many ways to sell a vehicle but a question that crops up a lot is – ‘what is the best way to sell a car in 2023?’ Well, in this article we are going to talk about what options are available, the pros and cons to each and which one we deem the best.
How much is your car worth?
The first thing you will need to do when deciding to sell a vehicle is to gage an idea of how much your vehicle is worth. No matter which way you choose to sell, having a good idea of the vehicles value enables you a better chance of advertising at a competitive price which draws in more engagement and enquiries from potential buyers.
There are two simple ways of valuing your car. The first would be to look at www.swapauto.co.uk or similar auto marketplaces and see what other sellers with the same vehicle have listed at. The second, would be to use www.webuyanycar.com vehicle valuation feature and then add on 15%. The way We Buy Any Car works is they look to value vehicles at trade price to enable them to make money after they sell the vehicle on after purchase. This being their business model means, your car is most likely worth a tad more than what they offer.
After you have decided what price you’d like to sell your car at, you can then decide how you’d like to sell.
What options are there for selling a car?
Your 3 main selling options are as follows:
- Sell it to a Motor Dealership at Trade price.
- Sell it Privately.
- Sell it via Auction.
Selling a car to a dealership at trade value
Selling to a local dealership has its advantages and disadvantages. The advantage is that almost every motor dealer will buy the car off you and it’s a very quick and easy process. The huge disadvantage however, is that dealers run a business and will only be thinking about what money they can make off you. This means that dealers will always look to pay you less than what the car is worth so they can make money. Usually, the value is around 15% lower than what the vehicle is worth so although it is quick, its puts you massively out of pocket.
Selling a car privately
Selling a car privately is certainly the best way to get the most amount of money for your vehicle, you dictate the price, who you sell too and you show and advertise the vehicle how you see fit. The negative to selling privately however, is that it can take slightly longer to sell the car as you have to promote the vehicle through your own means or on platforms such as www.swapauto.co.uk.
Selling a car by Auction
Placing your vehicle up for auction is a small, but growing trend. The idea is that you don’t advertise how much the car is worth but potential buyers each bid for the car and in doing so raise the price. The positive to this is that you could exceed your sale value expectations, the negative, you could also have your car sold far under what you would have hoped.
What’s the best way to sell a car?
So, what is the best way to sell a car in 2023? Considering the trade values for vehicles have been slowly declining since the second-hand car market boom during covid. Selling privately will most likely enable you to see a much better financial return and with marketplaces such as www.swapauto.co.uk now available to the public and trending, advertising is becoming far easier and more convenient than ever before.
