Americans are keeping their old cars. It’s estimated that about 25% of vehicles on the road are at least 16 years old. These cars have sentimental value or are just old and not worth fixing. But, having an old car can be problematic when you want to buy a new one. They are far more expensive to maintain, and insurance rates are higher. You’re probably looking to get rid of your old car but don’t know the best way to go about it. Here are five ways you can sell your old car.
Sell it to the Dealership
The fastest way to sell your car is to take it to the dealership when buying a new one. There are two ways to go about it. The first way is a trade-in.
Trade-in
A trade-in is when you give the dealership your old car for a lower price on the new car. The dealership will then sell your car at auction. The process is quick and easy, but you won’t get as much money for your vehicle as you would if you sold it yourself. The second way is through an instant cash offer.
Instant Cash Offer
An instant cash offer is when the dealership buys your car from you and gives you cash on the spot. The amount they give you will be based on the Kelley Blue Book value, minus any money they think it will cost to fix it up. This is a good option if you’re looking for a quick way to sell your car.
Selling your car to a dealership requires the least effort, but you likely won’t get the most money for your car this way. But experts recommend that you only do this as a last resort. If your car has some value or is considered a classic car, then it might be best to explore other options on this list.
Bring it to Car Shows
Car shows are a great place to find buyers for your old car. You can take it to a local classic car show or national event. There are also regional shows that focus on makes and models. This is a great way to sell your car because there will be people interested in buying it. You can also advertise your car in the show program.
There are many advantages to selling it to car shows. First, you can find people interested in buying your car, and you might get a higher price. However, the main disadvantage is that you might not find a buyer immediately. Finding the right buyer at a car show can take some time.
If you’re planning to bring your car to multiple car shows, you’ll need some help hauling it around. That’s where a robust car trailer comes in. They are designed to transport your car from one place to another safely. You can purchase a car trailer from many online retailers. Choose one that fits your budget.
Sell it Online
Several websites allow you to sell your car online. These include classified websites and automotive marketplaces. This is a great way to reach a large audience of potential buyers. You can also use social media for advertising your car for sale.
You can also use social media to sell your car. More than 80% of the American population is on social media, and there’s a good chance that one of your friends or family members is looking for a car. You can post pictures and information about your car on Facebook, Twitter, or Instagram.
The downside of selling your car online is that you will have to deal with strangers coming to your home or meeting you in public places. You should always take precautions when meeting someone you don’t know. Meet in a well-lit and populated area, and don’t go alone.
Sell it to a Car Buying Service
Car buying services will come to your home and pick up your car. They will then appraise your vehicle and give you a cash offer. This is a convenient way to sell your car, and you don’t have to worry about strangers coming to your home.
The main disadvantage of selling your car to a car buying service is that you won’t get as much money for it as you would if you sold it yourself. But, if you’re looking for a fast and easy way to sell your car, this might be the best option.
Selling an old car can take effort, but it’s worth it when you get the money you need for a new one. These are just a few ways to sell your old car. Choose the option that best suits your needs.
