If you’re not trading your car in against a new one, you’re likely going to try to either sell to a dealership or privately. Both are viable ways to sell a car but both have their pros and cons.
As always, we aren’t going to tell you what to do. Instead, we’ll highlights some of those pros and cons so you can make a more informed decision on whether you’ll sell your car to a dealership or privately.
Pros of selling your car privately
Pros of selling your car privately include:
Top dollar – Of all the ways of selling your car, selling privately gets you the most money. Exactly how much depends on the car, its condition and your location.
Wide pool of buyers – Advertise your car online and you access a huge pool of buyers from across your province or the whole of Canada.
Cons of selling your car privately
Cons of selling your car privately include:
Requires effort – Selling privately requires creating an ad, taking lots of pictures, being available for inquiries, available for test drives and visiting the bank to get paid.
Increased risk – While selling privately is the most lucrative, it is also the riskiest. While the majority of sales go without a hitch, enough don’t to make this a significant downside.
Payment anxiety – How do you get paid when selling your car so you don’t get ripped off? What payment methods are safe and what aren’t?
Pros of selling your car to a dealership
Pros of selling your car to a dealership include:
Quick and easy – Selling your car to a dealership can be done within a couple of hours and all you need to do is sign some forms.
Zero risk – Selling to a dealership is as safe as selling cars can be. You’re dealing with professionals, it all happens in our dealership and you’re in safe hands every step of the way.
Payment into your bank – No payment anxiety. We pay directly into your bank so you have absolutely nothing to worry about.
Sell financed cars – Selling your car to a dealership or trading in are the only ways to sell a car under finance.
Cons of selling your car to a dealership
Cons of selling your car to a dealership include:
Pays less than private sales – There’s no getting around it. A dealership may pay more than ever before but we cannot match what a private buyer would pay. We have more costs and are required to make checks and repairs to cars before reselling them.
This is reflected in the offer we can make.
That said, you’ll find that offer much, much higher than before. The gap between the price we can pay and a private sale is now narrower than ever.
Considering the other advantages of selling your car to a dealership, we think it’s a small price well worth paying!
For those of you who know that you have a challenging credit situation, please visit Dixie Auto Loans where we have a team of credit specialists ready to help you get approved for a car loan today!
For any questions or concerns, please don’t hesitate to contact us here!