The process of selling used cars usually begins with finding peers and acquaintances who want to buy the car. Once the area of direct contact is exhausted, we try to find people in our neighborhood and friends of friends. Most of these expectations are shattered within the first few days of starting your search for the right buyer for your car.
Looking for the Most Time-Efficient way to Sell a Used Car?
Read on, as we compare the different possible ways to sell your used car. We decide which of them is the most efficient.
Selling a Used Car to an Individual Buyer
The most direct way to sell your car is to strike a deal with someone you already know. This reduces the risk of selling your car to someone who is not trustworthy. This process usually involves calling up your friends and relatives to ask if they would like to buy a car. If you are lucky enough, you may find a buyer for your used car within the first few calls. However, it is rare to find someone in your group who is willing to pay for your car. The minimum estimated time required to sell a used car to an individual buyer can vary from 1 week to months. What if you have found a buyer for your car within your peer group? Still, there is a possibility that payment or documentation may take a long time before the person has it. This is usually the reason why selling your used car to a buyer is very time consuming and inefficient.
Selling a Used Car to a Dealer
If selling to an individual buyer doesn’t work, your next strategy may be to sell your used car to your local car dealer. Every city in India usually has a dedicated market for buying and selling used cars. You can drive to them on the weekend and sell your car. These dealers are the intermediaries between you and the new buyer of your vehicle. They usually put your car on display near their shops or kiosks and wait for someone to inquire about them. This process can take from a day to months. The pain of selling your used car does not end here. Documentation is another important part of the deal which can take a long time to process. Because the dealer is dependent on the payment to be made by the new buyer of your vehicle. It usually takes a very long time for the money to arrive in your account as well.
Selling Used Cars through Online Classified Ads and Social Media
One of the trendy ways to sell your used car is by posting an ad on various classified and social media platforms on the web. This includes clicking nice pictures of your vehicle and waiting for people to contact you. The biggest danger is sharing personal information like phone numbers. After posting an ad, you may have to wait a very long time before you can generate a lead for your vehicle. There is a high chance that, even after exhausting negotiations with 100’s of potential buyers, you may not win yourself a good deal.
Cars360. Sell Used Car On
Cars360 is a car selling platform present in various cities of India. Operating on a customer-to-business model, Cars360 buys your car and sells it to dealers. This makes the process smooth and hassle free. It is a technology-oriented solution to solve the chaotic used car market in the country. The process of selling your car on Cars360 begins with taking your car to one of the 54+ physical branches in India. A dedicated car inspector inspects your car to give you a detailed report of your vehicle. Thereafter, Cars360 provides the best possible price for your vehicle on the spot. An executive at the center initiates the documentation process of transferring the vehicle to the new buyer’s name. Once done, Cars360 debits the agreed value of your car directly to your bank account. The total time required to sell your car with Cars360 is around 30 minutes and it makes the process enjoyable and hassle free.