Selling an Old Car: What are the Options?
Do you have an old car lying around in your backyard? Has the family car seen better days? If you’re looking to sell an old car or truck, there are a number of ways to go about it.
How you decide to sell you car, and to whom, depends on a few factors. These include the value of your car, how quickly you want to sell it and what kind of money you’re expecting for it.
For example, selling your car to a wrecker is quick and easy, but you won’t get much money for it. On the other hand, selling your car privately can take a lot of time and hassle, but you’re more likely to get a better price for it.
So, before you call up a wrecker or list your car online, there’s a few things you should consider:
- How much are you expecting for your car?
- How quickly do you want to sell it?
- What condition is it in?
- How old / how many kms has it done?
- Do you owe any money on it?
All these factors will help determine what is the best way for you to sell your car. So, let’s have a look at some of the easiest ways to sell your car or get cash for trucks in Melbourne.
Websites like Carsales.com.au will list just about any car for sale. Listings are fairly cheap and there’s a tonne of web traffic from motivated buyers. However, there’s also plenty of competition from other sellers. So, if your car isn’t in great condition or your asking price is above average, this might not be the best option for you.
Classifieds sites like Gumtree.com.au can also be a good option for selling cars that are older or not in great condition. Listing your car is free. However, there is also a lot of competition from other sellers and sites like these are notorious for time-wasters and serial hagglers.
Selling your car online can be seriously time-consuming. It involves a lot of messaging time, organising test drives (which means meeting ‘internet people face to face), haggling and negotiating, as well as dealing with the sales paperwork yourself. If you’re pressed for time, this might not be the best option.
If you’re buying a new car, trading in with the dealer can be a hassle-free way to get rid of your old vehicle. A dealer trade-in is fast and convenient and you only have to deal with the dealer, range than a bunch of online buyers. A trade-in will also help to lower the price of your new car.
There are a couple of downsides when it comes to dealer trade-ins. Firstly, you won’t get a great price for your car. Secondly, dealers can be picky about the cars they offer trade-ins on. If your car is old or not in great condition, the dealer might not be interested in offering you a trade-in at all.
Sell to a wrecker
If you want quick cash for cars or cash for trucks in Melbourne, then selling to a wrecker or scrap metal yard can be a great way to go. The process is usually quick and simple and most wreckers will buy any car in any condition, regardless of whether it’s registered, roadworthy or running.
If your car isn’t in working condition and you’re looking for car removal in Melbourne, most reputable wreckers will offer a free car pick-up service.
The downside of selling to a wrecker or scrap metal yard, as you might expect, is that you won’t get great value for your vehicle. If you’re selling to a scrap metal yard, then they will only pay you based on the value of the salvageable metal, so the condition of the vehicle and the value of any parts is basically irrelevant.
When it comes to getting rid of an old car or truck, there are a number of options. Some are time-consuming but will get you good money, while others are simple and convenient but won’t get you a great price. At the end of the day, you need to work out whether you want to focus on cash or convenience