If you are going through the process of a car change because it’s been a while since you have been driving your old one around. Now there are many ways to change your car. One of the best one is to just exchange it with your father’s new car. Jokes apart there are two ways to get a better car, either sell the one you have and purchasing another one or just go in for a trade-in.
However, if you are not sure which option is better, we are here to help. There are advantages and disadvantages to everything. The important thing is that you need to be well aware of all the advantages and disadvantages before making a decision. This piece will help you decide which is better for you, selling or trading in. we will provide you with the information so you can make an informed decision.
Selling your Car Privately:
1. Getting A Better Price:
If you are selling your vehicle privately you and you find a good customer, you might be in luck. As selling your car privately will give you a 10 – 20% more payment as compared to selling it through a dealership. Mainly because dealers need to make money on the cars they sell and buy. Therefore they try to buy cars at a cheaper price.
2. Easier Negotiation
The negotiation process is easier. How? Simple. People who purchase privately are not experts at bargaining as compared to the bargaining skills of used car dealers. Also, if you are not in a hurry to sell your car, you will have plenty of bargaining power.
1. Time Consuming
Time is precious. Not many people have all the time in the world to advertise, wait for a response and the deal with people who might be interested. So if you have decided to sell your car privately then you need to prepare yourself to invest your effort and time. As compared to handing your car over to a dealership and get rid of the hassle. The good thing is that you might find a buyer that might take your car straight away.
2. Be Prepared To Deal With Strangers:
As a seller, you will have to post personal information, including your phone number. This means getting phone calls and text messages at any time of the day or night. This notion might be a little daunting for a few people. They will ask questions about the car that you should be able to answer. They might come over to have a look at it. These are just potential buyers. Be prepared to deal with strangers.
Trading In A Car:
1. Dealing With The Dealer Only:
The best thing about trading in your car, you only have to deal with one person. If you have been going to the same dealer, it is even better. The dealer handles all the hassles of the transaction from the beginning to the end.
2. Hassle Free:
Trading in your car does not require any effort and is not time-consuming. You get rid of your car in a day or two. Then it’s the dealer’s headache to look for a potential buyer and sell it.
1. Getting Less Money For Your Car
This is a fact that you will get a lesser price than what you would have gotten if you had sold it yourself.
2. Limited Options
It’s like a rule, that when a dealership takes your car for a trade-in you have to buy your next car from them. This limits your options. Therefore if the dealership doesn’t have a car you want you can’t do the trade-in.