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Why you Should Sell your Car to the Dealership in Ontario

Why you Should Sell your Car to the Dealership in Ontario

Anyone who wants to sell a used car in Canada has to pay attention to these tips, or they could end up missing out on a once-in-a-generation opportunity.

 

Used car prices are at historic highs, and we probably will not see another opportunity like this for decades to come. While used car prices are high, they could drop without any warning, so you need to move fast if you want to come out on top.

 

Do you have the required paperwork to sell your used car?

 

The rules on selling used cars vary depending on where in Canada you live. If you are living in Ontario, you need to use the government-mandated used car sales kit, which costs $20 and will be sent to you in the mail.

 

You cannot sell a used car in Ontario without the kit, so do not try to game the system; it won’t work.

 

No matter where you live in Canada, you need to show that there are no active liens on the car. In theory, you can sell a car if there are liens, provided those liens are paid off, but in reality, no potential buyer is going to cut a check unless the car has no active liens.

 

To prove there are no liens, you should have a copy of the lien release that was issued by the lender who helped you finance the purchase of the car.

 

In addition, prospective buyers are going to do a title search based on the VIN using services like CarFax, so don’t think you can hide the fact there are liens on the car.

 

What is the overall condition of the used car?

 

When you are posting a used car for sale, you should follow the golden rule and be honest. If the car was in an accident or had some serious work done to it, you need to present that information in the listing.

 

You could try to hide those facts, but eventually, it will come out that you are shady and the last thing you want to do is have the reputation of someone who is not honest.

 

The condition of your car will impact the price, but with the used car market trending the way it is, you will still get a good offer.

 

The best place to sell your used car for cash

 

If you want to sell your used car for fast cash, you should take it to your local car dealership.

 

You don’t have to bother with special sales kits or any other paperwork when you sell your car to the dealership, all you need is the registration for the car, and you can sell it.

 

When you bring the used car to the dealership, they will conduct an appraisal to determine the current fair market value.

 

After the dealership has worked out the value, they will make a cash offer, and if you take the offer, you walk out of the dealership with cash.

 

Now that you know what is involved in selling a used car in Canada, why not head over to your local dealership before the market changes and you miss out on a great opportunity to get top dollar for your used car.

 

If you want to sell your car to the dealership, we’d love to buy it! Simply fill in the form below and we’ll get back to you ASAP. 

 

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