The last few years have been difficult. The recession caught financial experts unawares so the ordinary man in the street had little chance. Many householders found themselves in trouble and had to cut back dramatically on spending plans. The recession receded in the UK before other parts of Europe and that has resulted in an increase in consumer confidence. In these circumstances many markets have begun to move again and that includes the motor sector where people have been able to look at changing their car sales once again.
There is still plenty of value available. Buyers who can go into a dealership without needing to dispose of their own vehicle are likely to be able to negotiate a good discount. If they either have cash or have already received preliminary approval for a personal loan they are in a strong position.
There is the question of selling an existing vehicle. If it can be done without involving the respective dealership there is a definite benefit. Some people may try to advertise locally to see if they can attract buyers. If this is your present situation you need to ask yourself the question ‘how can I sell my car?’ If you live in a city then the readership of the local paper may encourage you to place an advertisement. Cities like Newcastle have both a morning and evening newspaper under the same ownership so it may be worth trying an advertisement as a means of selling your car.
There are however other ways to proceed. There are companies that are looking for second hand cars for their own business. If you see anyone saying ‘Sell me your motor’ in the form of a written advertisement or Internet website then you should surely investigate further?
Do the Calculation
You are the only person who can do the calculation. If you get a quotation from a dealership for a cash purchase or with a trade-in you will know immediately how much you need to get for your vehicle to make it worthwhile to try to sell it privately. It is simply then seeing what other potential buyers will pay you.
This should not be time consuming nor at all risky. You do not change your car every day. It may be you haven’t changed it for some time because of the recent recession. It must make sense to get the best deal possible and if that involves buying from a dealership and selling as a separate transaction to another company then so be it.
It is exciting buying a car but there is no need to rush. Take your time and do your research. The money you might be able to save will be worth it.