It’s the 21st Century. You don’t need to read this article to know that there are many different ways you can sell your car online. But you’re probably still wondering what the best way to go about it is. Here are the main options for selling your car online:
Sell to a dealer
Selling your car to a dealer who will then retail your car to a new customer will get you the best price outside of a private sale.
A lot of car dealer websites have a form where you can enter details on your car. They will then appraise your vehicle and, if it fits their buying criteria, make an offer to buy the car from you.
However - be aware that you probably won’t get a great price if you part-exchange or sell to a dealer who won’t then retail your car themselves. They will have to offload your vehicle through an auction, and they will factor in the cost of this by making you a low offer.
At tootle we advertise your car to hundreds of dealers in one go - saving you the time and hassle of approaching dealers individually. There is no fee, most cars receive offers within 24 hours of going live on our system, and 92% of cars are collected by the purchasing dealer from your home address.
Advertise Privately Online
If you’re selling your car privately, the chances are you’ll want to advertise it on one of the major classified sites. The likes of Auto Trader and eBay Motors attract millions of visitors every month and allow sellers to reach buyers actively looking for their type of car.
The major benefit of selling privately is it will get you the best price. This will be more than trade-in - but remember it will still be a lot less than a dealer would retail your car for.
The major drawbacks are:
- Managing the sale: Handling enquiries, having strangers come to your house, conducting test-drives and completing the financial handover.
- The time to sell: It normally takes between 1 to 2 months to sell privately, especially for cars over £3,000. There are far fewer private buyers in the market than people who want the reassurance of buying from a dealer.
- Advertising fees: These range from nothing (www.raccars.co.uk has had a long fee-free stint) to more than £50 - and can stack up if your car doesn’t sell quickly and you need to keep renewing your ads.
Car Buying Services
Many people see the likes of Webuyanycar as a quick and easy way to sell your car online. Certainly one of the big benefits of car buying services is that they’ll give you an actual offer to buy your car - not just a ballpark valuation.
Although some car buying sites will guarantee the price they give you online, for most it is only an offer. You will still need to take your car to a drop-off point where an inspection will take place before handover. At this stage, it’s not unusual for the price to be ‘chipped’ on the basis of any scratches or damage the company perceives as being above and beyond what you have already described.
Typically, car buying services will return you less than selling direct to a dealer because they have to sell the car on through an auction - the cost of which is offset in their offer price to you.
There’s also often a fee for using these services - for example, Webuyanycar charge £49.99 on cars valued at less than £5,000 and £74.99 on cars worth more.
Online Valuation Tools
Whatever way you choose to sell your car, it’s worth getting a online valuation. You’re not exactly selling your car online using a valuation tool - but this is a critical step in the process of knowing what your car is actually worth. Whether you want to sell privately, trade in to a dealer or part exchange for a new car, it’s important that you know the value of your vehicle. Try CAP's valuation tool or the one powered by Parkers to get an idea of trade-in and private price points and what you can expect to achieve for your set of wheels.
Sell My Car Online for Free
‘Selling cars online’ often involves a lot more ‘real world work’ and cost than you’d think. For example, having to actually take your car to a handover appointment, or hidden admin fees.
If you want a fee-free and hassle-free way to sell your car online, take a look at how we can help you sell your car to a dealer for the best possible price. We have hundreds of dealers in our network who are actively looking to buy stock for their forecourts, and who will offer competitive bids for cars that match their needs.
You just need to give us some details on your car, upload some pictures to our site (which can be done direct from your mobile) and we’ll advertise it to hundreds of dealers around the country!
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