Can I Sell My Car to a Dealership?
Selling your car to a dealership is one of the fastest ways you
can sell a car. The problem that lies in doing this though, is that you
may not get what you want for the car. However, the process is super
easy. They check your car and test drive it and then follow by giving
you an immediate price quote. Usually car dealerships will pay you less
than a private party because they are looking to resell your car
afterward so that they can make a profit on it.
If you demand selling car to local dealers at "book value", they may not take you seriously. Due to the fact that the car market fluctuates a lot, the sentiment of buying cars can mean little because of the costs to operate a car lot. They also run the risk on actually losing money by buying your car in the events that your car doesn't sell. So if you don't mind earning maybe a couple of thousand dollars less this might be the best way to go.
Although used car auction can be a good venue to sell your vehicle, it doesn't always work for everyone. Not everyone can participate in auction sales. For really large auction venues, only licensed used car dealers are allowed to join in the exercise. Enthusiasts and other interested buyers are however allowed to participate in minor auction sales, and those organized by banks and financing institutions.
Another option you have of selling your car to a dealership is by consignment. You pay a flat fee or a percentage of the car's price and in return the dealership will let you park the car at their lot and market the car for you. This allows as many interested parties in the market to buy a pre-owned vehicle to see and even test drive your vehicle. The fees for having your car shown on a dealership's lot are not cheap (generally couple of hundreds) because of the risk involved, and the cost of keeping the vehicle at the lot, the insurance, and other particular circumstances the dealer might have. The advantage though is that you get to sell the car at a higher price, and you also get a lot of exposure from buyers who walk into that lot.
Finally, if the sale price is not enough to make it worth your while to sell it to a dealership, or by a dealership, you may want to donate it to local charity, to help a good cause and take a nice tax deduction.
If you demand selling car to local dealers at "book value", they may not take you seriously. Due to the fact that the car market fluctuates a lot, the sentiment of buying cars can mean little because of the costs to operate a car lot. They also run the risk on actually losing money by buying your car in the events that your car doesn't sell. So if you don't mind earning maybe a couple of thousand dollars less this might be the best way to go.
Although used car auction can be a good venue to sell your vehicle, it doesn't always work for everyone. Not everyone can participate in auction sales. For really large auction venues, only licensed used car dealers are allowed to join in the exercise. Enthusiasts and other interested buyers are however allowed to participate in minor auction sales, and those organized by banks and financing institutions.
Another option you have of selling your car to a dealership is by consignment. You pay a flat fee or a percentage of the car's price and in return the dealership will let you park the car at their lot and market the car for you. This allows as many interested parties in the market to buy a pre-owned vehicle to see and even test drive your vehicle. The fees for having your car shown on a dealership's lot are not cheap (generally couple of hundreds) because of the risk involved, and the cost of keeping the vehicle at the lot, the insurance, and other particular circumstances the dealer might have. The advantage though is that you get to sell the car at a higher price, and you also get a lot of exposure from buyers who walk into that lot.
Finally, if the sale price is not enough to make it worth your while to sell it to a dealership, or by a dealership, you may want to donate it to local charity, to help a good cause and take a nice tax deduction.
Bond Mejeh produces automotive related articles for Quick Cash
Auto, a cash for cars service. Quick Cash Auto not only buys pre-owned
vehicles of any year, make or model, but they also provide numerous
articles about vehicle repair and automotive news.
Please visit http://www.QuickCashAuto.com for more information and be sure to check out our automotive blog.
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Please visit http://www.QuickCashAuto.com for more information and be sure to check out our automotive blog.
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