Whether you want to trade it in at a dealership or sell your car for cash, there are plenty of ways to get the most money for your vehicle.
The key is to understand the value of your car. You can do this by valuing it using Kelley Blue Book’s valuation tools or perusing local listings.
1. Get a Free Quote
Before you start shopping around for a new car, it’s worth looking into the best way to sell your old one for cash. There are a few ways to go about it, including buying your car from a private party or selling it for scrap metal.
The best way to sell your clunker is by getting an honest price quote from a reputable dealer. They’ll give you a ballpark figure and let you know where you stand in terms of financing and insurance if any are required.
The best way to get a free quote is by filling out an online form on their website. This can be a simple process, especially if you’re lucky enough to live near one of their locations. Some dealerships even have their own internet sales staff who can assist you. They’ll also probably have a few tips for you to consider, like the best way to get your car cleaned up for the best price and which vehicle insurance companies are in the area.
2. List it on AutoTrader
If you want to sell your car quickly, you can list it on AutoTrader. The website claims to attract more actual car buyers than any other third-party platform, and it offers a variety of ways to get the word out about your vehicle.
To ensure your ad is effective, you need to write a clear description and take photos of the vehicle. You can also include a vehicle history report to give potential buyers insight into the vehicle’s history.
In addition, you should compare options and assess financing. Often, dealers offer financing, but it’s also important to check with your local bank or credit union.
There are two main selling methods on AutoTrader – instant cash offers from a dealer and traditional classifieds ads. Decide whether speed or profit is more important to you and choose the method that suits you best. You can then head off common selling pitfalls and secure a profitable deal.
3. Take it to a Dealer
There are advantages to selling your car through a dealer compared to doing it privately. It can help you turn your vehicle into cash more quickly, and avoid the hassles of meeting with potential buyers or scams like fraud.
One of the most obvious benefits is that a dealership will handle all the paperwork required to sell your car. This includes paying off any loans, getting a title and giving you a bill of sale.
It’s also important to make sure the car passes any state inspections or smog tests. If it doesn’t, you may have to accept a lower offer than you would otherwise.
Another benefit of a dealership is that it typically has every tool necessary to fix your vehicle’s problems, whereas an independent repair shop might not be as well equipped. This can help you get a higher price for your car.
4. Accept an Instant Cash Offer
Taking an instant cash offer for your car can be a quick and hassle-free way to get rid of it. However, there are a few things you should know before accepting this offer.
The first thing to remember is that you’ll need to provide a variety of demographic information about your vehicle before it can be evaluated. This includes the make and model of the vehicle, the year it was manufactured, and its condition.
Another important factor is the local market demand for vehicles in your area. This means that the transaction prices for certain vehicles change over time as more buyers become interested in them.
Kelley Blue Book takes this into account when it generates its instant cash offers. It also monitors historical trends for certain vehicle models.