Pros and Cons of Selling Your Family Car at Auction
>> Sep 28, 2017
If you're looking to sell your family's car, an online car auction
can be one of your options. Offering up the vehicle at auction offers a number
of advantages over selling it traditionally, although like all methods there
are cons to this method as well. If "how do I sell my car" is a question
that's been going through your mind as of late, weigh whether or not selling
the car at auction is the right choice.
Pros
You Can Get More Money
If you sell your car at auction, you stand to sell it for a
higher price than you could have gotten otherwise. It partially depends upon
the market and how desirable the model of car you are selling is - the final
price could end up being hundreds or even thousands of dollars more than you
would get by selling it normally or trading it in. This is one of the main pros
to selling a family car by auction rather than through other means.
An Auction Can Reach A
Wider Audience
As opposed to selling the car locally for a set asking price, an
auction gives you the opportunity to reach a much wider audience. Listing an
auction on the Internet, for example, means someone who is highly interested in
buying the car will find it and be willing to buy it when there might not be
much interest locally. Some auction services will advertise the auction for
you, so you won't have to find a way to raise awareness of the availability of
the vehicle yourself.
It's A Good Option If You
Just Want To Get Rid Of The Car
If you have tried selling the car normally and that hasn't
worked - perhaps there are serious flaws with it or it is even not functional -
an auction can help you simply rid yourself of the car. For example, even a car
that doesn't function very well (or at all) can still have value at auction
because of its parts.
Cons
It Might Not Sell
As when auctioning anything, there is always the possibility
that it will not sell at all. This can particularly be a problem if you are
moving soon or otherwise need to sell the car in order to proceed with your
current plans.
It Might Sell For Less
Just as you might end up selling the car for more money than you
could have gotten had you traded it in or sold it outright, auctions also come
with the risk that the vehicle might sell for less than you want, or even less
than what the car is worth. You can avoid this by putting the starting price at
the minimum accepted amount, although this can discourage people from bidding
in the first place and from getting into bidding wars.
You Might Have To Deal
With Shipping
In some cases, the buyers will be responsible for collecting the car. However, if you don't
specify that the auction is local only, you might end up having to get the
vehicle to the buyer, which is a lot more complex for something as large as a
car. Carefully consider how much you are willing to do to get the car to the
buyer, factor in shipping costs and be sure to stipulate the appropriate
conditions when starting the auction.
"How to sell my car?" is a pretty common question, but
most people don't think to put their old family car up for auction. Doing this
has some distinct advantages, particularly in the greater amount of money you
stand to sell the car for. The cons are important to consider as well, so be
sure to carefully weigh your options based on your unique situation to choose
the right method of selling your car.
Read Also: How to Safely Buy Car Parts Online
1 komentar:
wah bahasa Inggris
Maaf kalo salah tidak atau tepat sasaran
saya rasa kalau menjual mobil sebaiknya via person saja jangan melalui pihak lain
karena rata-rata pembeli ingin tangan pertama biasanya
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