If you are thinking of upgrading your older vehicle to a newer one and need to sell your older car first, you have two main choices. You could either sell your old car outright or trade it in when you purchase a new car. While there are pros and cons with each of these options, trading a car in is the safer, easier, and more convenient method to use.
It Is A Safer Method
Selling a car outright will require finding someone who wants to buy your car, and there are several ways to do this, including:
- Parking your car in an area with a lot of traffic – If you live on a highway or know someone that does, this may be a good way to advertise that your car is for sale. You will just need to put a for sale sign on it and include your phone number so interested buyers can reach you.
- Advertising on classified ad sites – The second method requires finding websites you can advertise on, and there are numerous sites like this. Many of these sites are even free to use.
The benefit of selling your car outright is that you might get a little more for it than you would if you decided to trade it in. The downside to this is that you will need to take extra steps to stay safe when you meet with potential buyers of your car.
When you use these methods, you will have complete strangers calling you to ask you questions about your car. If they are interested after talking to you, they will set up a time to meet you to see and test drive the car, and this could be dangerous. Here are some tips to follow if you decide to use this option for selling your car:
- Meet at a public place during the day
- Bring a friend with you so you are not alone
- Screen your buyers before they come
The other risk you have with this involves the payment. If you sign the title over and accept money or a check, there could be a problem. The money may turn out to be counterfeit or the check may bounce. If this happens, you will be out the money and the vehicle.
You Will Not Have To Live Without A Car
A second thing to consider is how you will get around while you are trying to sell your current car or once you have sold it. If you park the car by the road to try to sell it, what will you drive in the meantime? You should also consider that once you find a buyer, you will no longer have a car to drive until you buy a new one. If this will be a problem for you, it might cause you to rush out and buy a new car without spending enough time really analyzing which one you should buy.
It Is A Guaranteed Sale
When you bring your car to a car dealership to trade it in, they will look it over and present you with an offer for it. It is that simple, and it is a guaranteed sale. This is one of the main benefits you will experience if you choose to sell your car to a dealership instead of to a private buyer.
Almost all car dealerships accept trade-ins, and this is the best way to get rid of a car you no longer need or want. If you are ready to trade your car in for a newer one, visit a car dealership like Peterborough Chrysler Jeep Dodge dealership today.Share