When it comes to selling your used car, you have a few options available. This includes various online platforms, auctions, and the more traditional route — dealerships.
If you are asking yourself the question “Should I sell my car to a dealership?”, then this is the perfect blog article for you.
Opting to sell your vehicle to a dealership might appear to be an easy solution. However, it is important to consider the advantages and disadvantages of selling your car this way.
Let’s take a look at some of the pros and cons of selling your car to a dealership.
Pros of Selling Your Car to a Dealership
1. It’s Usually Pretty Easy
If you’re looking to sell your car as fast as possible and you’re not worried about getting the most value out of it, a dealership sale can offer a quick solution for you. Keep in mind that dealers don’t buy every kind of car, so your vehicle will have to be useful for resale.
2. They Deal With The Paperwork
Selling your car to a dealership can be convenient as far as the documentation goes as they’ll usually have a notary on staff. Dealership staff should be familiar with the necessary paperwork and can help to complete.
3. Get Your Money Quickly
If the dealership can use your vehicle, you’ll generally receive an offer pretty quickly and be able to make the decision whether to sell or not. Most dealers will provide you with a check for the purchase of the vehicle as part of the general paperwork process. Some dealers do use bank drafts that aren’t valid on the same day though, so it’s best to clarify this.
4. Potential To Upgrade
If you decide to sell your car at a dealership, there is always the opportunity to upgrade or trade-in your vehicle towards a different one. The paperwork will be twice as complicated and the numbers are less straightforward, but this may be an option.
Cons of Selling Your Car to a Dealership
Now that we’ve taken a look at the pros of selling a car to a dealership, let’s peek under the hood at the cons, starting with the price.
1. Prices Will be Lower
One of the main drawbacks when selling your car at a dealership is that they need to offer lower prices than if you were to sell privately. Dealerships are in business to make money. They have facilities to pay for and staff to pay, so they’ll need to buy your vehicle for a reduced price in order to mark it up and resell it.
2. Little Room for Negotiation
When selling your car at a dealership there isn’t usually much room for negotiation…which can leave some sellers feeling short-changed. Typically, if a dealership wants your vehicle, they’ll offer you a price and you need to decide if you want to take it or leave it. With a private sale or online auction platform, you have more room to negotiate with interested buyers or drive up competing bids. The result? More cash in your pocket.
3. Specialty or Classic Vehicles May Not Be Wanted
It’s common for dealerships to focus on modern vehicles and may not always appreciate the value of rare or classic cars. If you have a vintage or classic car, there may be other avenues better suited to make sure you get the best price for your car. Most people who own specialty vehicles want them to go to the “right” buyer. Also, bear in mind that while dealerships may perceive your treasured vehicle as simply another car to buy, a discerning buyer would appreciate its true value.
The Motobyo Solution
At Motobyo, we provide a simple and secure way to sell your vehicle with no fuss or hassle. Here’s why thousands of people choose us:
- Online platform: We’re an online auto platform where you can buy or sell a vehicle.
- Convenience: It’s convenient — we can handle all the paperwork.
- Certified Inspections: We partner with national auto repair chains who carry out our certified inspections to ensure that our buyers always get exactly what was described to them. You don’t have to rely on a seller’s description if a certified inspector has checked over the vehicle for you.
- Vehicle transport: It doesn’t matter if you are buying or selling, we can make the process much easier with our convenient door to door shipping service.
- Cash in a hurry: With Motobyo, you’ll have the option to get an online cash offer that you can redeem as soon as today. This is one of the reasons why so many people choose Motobyo.
Q: Can I sell a leased car to a dealership?
A: Sometimes. Often when selling a leased vehicle the bank will specify who can buy it. It’s always best to check with your leasing company first.
Q: Can I sell my car with no title to a dealership?
A: While most dealers will require that you have the original title in hand when they purchase your vehicle, some may take it without the title. Always discuss a missing title or lien with the dealer before going too far.
Q: Can I sell my car that has a salvage title to a dealership?
A: This is a slightly more tricky one. Most dealers do not deal in salvage or rebuilt title vehicles and will not make an offer to buy a vehicle with these history issues. Always confirm this with the dealership.