Car sellers have a vast variety of platforms that can be used to sell the vehicle however they must understand the platform that is best for selling the vehicle. Doing research can help car sellers understand the benefits of a car buying platform and the experience they can expect from it. Let’s have a look at the car selling process using classified websites and specialist car buying companies to compare their services and determine which one is better for inexperienced car sellers.
How to Sell through Classified Websites
Car sellers can put up an ad on the classified website with details such as the pictures of the vehicle from various angles, information about the vehicle, price and contact information. An interested buyer can view the details and decide to approach the car seller if they see fit. The process seems straightforward, but it is not simple. The car seller solely manages every aspect of the process starting from placing the ad. The seller needs to determine some crucial aspects on their own including the price.
Inexperienced car seller has limited information regarding the market trends, so they resort to comparing prices that are available on the platform. This is not an accurate point of reference as the criteria followed by other car sellers are unclear. This can lead to an unrealistic price that will cause delays in selling the vehicle. The car sellers conduct the process themselves, so it can be stressful for some. They must meet several buyers, allow inspection and test drives before they can finalize the deal. The negotiation process can be intimidating for some car sellers as they have no experience doing it.
Another problem that car sellers encounter while selling through classified websites is the lingering risk of fraud. These platforms do not involve in any deal directly, so the car seller needs to take the necessary steps to ensure that they are not scammed. If a car seller is defrauded, they need to manage on their own.
While the process itself can be time-consuming, the total time taken to sell cannot be ascertained. The car sellers also do not have any guarantee that they will be able to sell the vehicle altogether using a classified website. Moreover, car sellers also risk disturbing their privacy as they have to provide their contact information with the ad. Some sellers must respond to endless queries at odd hours.
How you can sell your car easily – Short Guide
How to Sell through Specialist Car Buying Company
The second platform in question is a specialist car buying company that offers car sellers a convenient car selling process. The sellers can make sure that they sell the vehicle at its market price without incurring any financial loss. The car sellers also have assurance regarding the purchase of the vehicle and the time consumed to sell it is usually around 30 minutes. The car sellers do not need to manage the car selling process as this service is provided by the specialist car buying company. Car sellers also do not have to pay the car buying company for the car valuation or price the vehicle themselves. This is another service that the specialist car buying company offers.
The car sellers can undertake a simple car selling process that includes two stages. The first stage is the online estimation of the potential market value of the used vehicle. This estimate is calculated by the car seller, but they only need to provide the required information. There is a car valuation tool that is available on the specialist car buying company’s website. The tool considers the basic aspects of the vehicle to calculate the estimate. These can include the condition, age and mileage of the vehicle. Once the information is entered the tool provides an estimate within seconds. The estimated value can give the car sellers an idea about the price their vehicle can get in the used car market.
If they are satisfied, they can continue with the specialist car buying company by moving on to stage two. The second stage involves making an appointment with the company and get the vehicle physical inspection. The comprehensive physical inspection will conclude with the car seller finding out the price of the vehicle which will be the actual market value. The process is free of cost and the car seller is not obliged to sell the vehicle if they do not like the offered price.
However, if they decide to accept the price, they can sign the sales agreement with the car buying company. The payment for the vehicle is made through electronic bank transfer to ensure transparency and safety. The post-sales paperwork is managed by the company just like the other important aspects of the car selling process. The car sellers can sell their vehicles in a hassle-free manner at a fair price.