Are you ready to sell your car but confused on the best way to sell it? You are not alone!
Now is a great time to sell your car! Everyone has heard by now about the worldwide semi-conductor chip shortage which has caused a decrease in the number of new vehicles being produced. This shortage has increased the demand for used cars. Which has resulted in an increase in the price that consumers with used car receive on their cars, trucks, and SUVs.
You need to understand your options for selling your car before you head to the dealership to buy a new car (if you can find one). Or perhaps you would just like to take advantage of the unusually high prices you can get for that used car, truck or SUV.
Know how much your car is worth.
First, know the value of your used vehicle. The market is changing weekly, sometimes daily. None of us are sure when the used car prices will decline or if it will during 2022. The value of your vehicle will vary depending on the availability of that particular year, make and model. Do your research!
Shop around for offers.
Next, there are several online services, such as, Autotrader.com, CarGurus.com, CarMax, Carvana, Cars.com, Vroom and Kelly Blue Book that will give you an instant online offer and you never have to leave your house. Be as detailed and accurate on the condition of your vehicle as you can. This will save you from disappointment later when they get to your home and want to offer you less for your car because you forgot to tell them about that crack in your windshield or the bald tires.
You can also drive to your local dealerships and see what they will offer you to buy your car. Dealerships are short on inventory and will possibly pay you a fair amount. However, keep in mind they are in the business of making money. They will need to buy your car at a price where they can then sell it on their used car lot or at auction and still make a profit.
Consider whether “For Sale By Owner” (FSBO) is for you.
Other ways to sell your car (but will take a little more time and patience) is selling through Facebook Marketplace or listing it on Craigslist. You will have to work around potential buyer schedules and haggling back and forth. Some people enjoy that process. Others prefer to avoid that process at all costs. Don’t forget to reach out to your family, friends and coworkers. They are often a good resource to spread the word for you if they are not interested themselves. You can usually get more money selling it yourself, but you have to handle the paperwork and timing of getting their cashier’s check or cash in order to pay off the remaining balance on your car if you still owe on it. Safety first! Be sure you meet the potential buyers in a safe environment.
There are also online sites that will let you list your car for free or a small fee. Something to consider if you are not in a hurry to sell your vehicle and you will reach a larger audience of potential buyers.
Consider uncommon buyers like rental companies or businesses.
Did you know that several rental car companies are now buying cars? Enterprise and Hertz for example are a different online option to give you an instant online offer. They were hit hard during the pandemic and like many of us, they were not able to buy new cars. There is a high demand for car rentals year-round for business trips and especially during the summer for vacations.
Local buying services streamline the process.
If you are already tired from reading about many of the options (not all) that are available to you today, consider reaching out to Get400More.com. We are locally owned, and we have a local buyer that covers Wilmington, Myrtle Beach and surrounding areas. We also have a local buyer that covers Raleigh, Durham, Fayetteville and surrounding areas. Our car buying process is simple! We beat customers’ offers from other car buying services and dealerships by an average of $400. If you don’t already have an offer, we’ll give you our best offer and save you time.
If you are considering trading in your car, check out our blog, 5 Reasons Selling Your Car to Get400More.com is Better Than Trading it to a Dealership. We also have other blogs that will help you when considering the best way to sell your car.
Call buyers you can trust.
Ready to sell your car? Give us a call at 1-844-400-MORE. If you prefer texting, send us a text with your best written offer for us to beat by an average of $400. If you don’t already have an offer, send us a text with the VIN and mileage to (910) 550-3586 and we will get back with you quickly with our offer.