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What options do I have for
selling my existing car?
AutoeBid’s reverse auction can
save you a fortune on your new car – and here are some suggestions for the
best way to get the highest price or a hassle-free sale for your existing
vehicle.
·
Sell your car to the winning
bidder
When using AutoeBid’s system,
you can always mention your existing car to the winning supplier once you’re
in touch with them following the close of the auction. Whilst a part exchange
can never form a condition of purchase, you may well find that they are
willing to give a price for your old car – and you can simply hand it over
when the new car arrives. However if your winning supplier cannot offer a
price for your vehicle, we would suggest pursuing one of the following
alternatives.
·
Sell your car instantly
using an online buying service
There are a number of
used car
buying websites which will give you an instant quote for your existing car
and can arrange to collect it at a convenient time. They will usually pay for
the car by instant bank transfer upon collection, which takes away the time
and hassle that can be associated with selling a car. Whilst you will be
offered a price in the region of the trade value for the vehicle, it’s a great
option to fall back on if you don’t want to sell privately or part exchange.
Simply
click here to view some of these sites or click the links below.
·
Sell your car privately
To get the best possible price
for your existing car, it is well worth considering selling it privately.
Placing an advert in a local newspaper is a common way to sell. Whilst a
private sale requires more work for a seller than the other two options, it
will almost certainly ensure the highest selling price for the car – and your
new car supplier can usually be reasonably flexible to arrange delivery of the
new car at a convenient time to fit with the sale of the old one. Simply
click here if you would like to place an advertisement online.
Understanding the
part-exchange valuation
When your local dealer offers
you a part exchange price against the purchase of a new vehicle, they will
often substitute some of the margin that they have in the new car to bump up
the price they can offer on your existing car. Whilst they will not then
offer any discount on the new vehicle, it makes the over-inflated deal on the
part exchange seem very attractive from the buyer’s perspective.
It is important to look closely
at the overall cost to change cars: whilst you may not get such an attractive
deal on your existing vehicle due to the reason outlined above, it is likely
that the discount on the new car through AutoeBid will significantly outweigh
the benefit of a higher part exchange price – so the overall cost to change
would be lower.
How do I create a
description of my existing car?
In order to provide a fair and
accurate description of your car, you need to include certain information and
we suggest that you have the following documentation to hand: V5 Registration
Document, MOT Certificate (if your car is over 3 years old) and the car's
service history book.
It is
important to detail the overall condition of your car including any marks,
scratches, exact mileage etc. You will find it useful to print off and
complete a
used car checklist that we have designed
to help you.
Wording an advertisement
An advertisement is the
first point of contact that you have with a potential buyer – so it needs to
be good. As a rule, it’s worth being specific whilst keeping it succinct.
You should make sure you have included the following:
-
Exact model
details: include the engine size, sub-model (eg. SE) and number of doors
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Year and
registration letter: include both the year and registration plate
information (eg. 2004/53 plate)
-
Features:
include the best features of the car to set it apart from the rest: air
conditioning, leather seats, CD player and sat nav are most popular
-
Colour: don’t
be too specific (eg. metallic light blue rather than ‘Metallic Tonic’ which
means nothing!)
-
Mileage: state
the exact mileage (to the nearest thousand)
-
Service
history: state whether it is a full or part service history – and whether
completed at a franchised dealer
-
Tax & MOT:
include details of when they expire
-
Colour
photograph: you will attract more attention with a clear photo of the whole
car
How do I ensure I have a realistic
valuation of my car?
It is important to have an accurate valuation of
your car when selling privately – if you ask too much it will take a long time
to sell, too little and you risk losing out. Glass’s Guide is a vehicle
valuation company which can give you a detailed price that is specific to your
car for just £2.99.
Click
here for an online valuation. |
