|How much is my car worth?|
How much is my car worth?
It depends how and who you sell it to.
Selling your car privately through the Autotrader, Ebay etc usually attracts the best price although it can become very expensive if you have to keep re-advertising to get someone interested.
You may not get any interest at all if you have priced it too high, taking up valuable time and money.
Pricing the car too high could also encourage endless phone calls or emails from interested parties to contact you just to knock down the price before even seeing the car or they’ll arrange to come and see it only with the intention of knocking down the price there and then. Then you have to worry about giving a ‘test drive’ – are they insured to drive the car? A costly mistake if the car is involved in an accident and your potential buyer doesn’t have suitable insurance!
You could also have the hassle of a constant stream of people coming to your home to view the car but then decide it’s not for them, taking up your time.
What about the potential scams that are always lurking?
If you’ve priced the car too low there will be a lot of interest in your vehicle so expect a lot of phone calls, emails, visits etc but you’ve probably not received the best price for the vehicle, in which case you could have sold it to an online car buying site with less hassle!
Online Car Buying Sites
You could offer your car to the many online car buying sites such as ‘We Buy Any Car...’. They offer an automated value service and because of the sheer number of people trying to sell their vehicles they capture a lot on this basis. They will usually offer you an inflated price to ‘hook’ you in and then they’ll arrange to view the car or have you take the car to one of their sites, again costing you money. They will then proceed to ‘chip away’ at the value when they view the car, that’s how they make their money!
This is all well and good if you really are desperate to sell your vehicle at a moment’s notice. This is where you will usually get your lowest offer but it can be a quick turnaround.
We think MotorTradeAuction offers the best of both worlds, a good price with no hassle!
Through us your vehicle will be offered to dealers who may be interested in buying and are prepared to bid to own it. You are more likely to get a better price by offering your car to multiple dealers than to just one car buying site. We will not put a value on your car but we will give you a guide price to set your reserve as a minimum you should expect through an auction. You don’t have to take any notice of this but in our experience this is a good starting point. Once you have paid your fee and the car has been listed we will then work on your behalf to get dealers bidding on the vehicle. This can take a little longer than the online buyers but should get a better price for you.
Remember that with MTA you just register, list your vehicle details and sit back.
No phone calls,
No tyre kickers,
No ‘chipping’ away at the price,
No advertising costs,
No prices to compare,
Just the best bid!