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Dealership or Privately - How Should I Sell My Car?

Dealership or Privately - How Should I Sell My Car?

When it comes time to part ways with your faithful car, which should you choose? Sell it to a dealership or sell it privately? The answer used to be so simple. If you needed maximum value, you sold privately. If you wanted an easy transaction, you sold to a dealership.


The decision is a much easier now thanks to dealerships offering closer to market value for cars. That means there are fewer reasons than ever before to sell privately. But whether or not you sell to a dealership or privately also depends on your goals.


The advantages of selling your car to a dealership


Whether you’re part exchanging as part of an auto loan and new car purchase or just want to sell your car, most dealerships will buy. As long as the car is in good condition and everything is in order, you’ll get your sale.


The advantages of selling your car to a dealership include:


Safe space – Dealerships are safe spaces full of professionals. No haggling on the driveway, no tire kickers wanting to scope out your car, no having to prepare the ad or take dozens of pictures either.


Fair prices – Not that long ago, selling to a dealership mean taking a hit on the price they paid. Those days are gone. The strength of the used car market is such that dealers have to pay much higher prices for good quality cars than before.


Simple transaction – Bring the car in, have it inspected, negotiate the offer, sell the car. It’s simple, painless and can be done in under an hour.


Can trade in as down payment – If you’re selling or trading in, you can use the value against a new car. You can do both at the same time and drive in with one car and out with another.


The advantages of selling your car privately


There are still advantages of selling your car privately.


Separate transaction than buying the car – If you trade in your old car while buying a new one, some dealers will combine the two so you think you’re getting a better deal than you are.


Sell modified cars – If you have upgraded or modified your car in any way, selling privately is still best. Dealers don’t like modified cars and will often not purchase or not offer a good price.


Get top price – While dealerships offer better prices than before, they still need to make a profit. So, while they will offer more, private market prices still offer a little extra.


Sell rare or vintage cars – The same applies for rare, rebuilt or vintage cars. Most dealerships won’t be accurately able to price them or resell them once bought so selling privately is still your best option here.


In all other situations, it makes sense to sell to a dealership. Especially as the price you’ll get is much closer than ever before!


We will use all our skill and experience to deliver the lowest possible Dundas auto loan rates, guaranteed. Contact Car Nation Canada Direct to learn how we can help.


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