Getting Profit from Selling your Family Car

The Australian car manufacturing industry is relatively large for the population of the country. In 2014, production fell to just under 175,000 vehicles, and the market has now flooded with imports from overseas. With so many imported cars available on the market, when you are selling your family car it will be harder to get top dollar for it, especially if you own an Australian produced car. In 2018, the market is going to change even more when Australians are allowed to import cars from overseas with relative ease. So now when it comes to selling your family car, it is important to shop around and get the best possible price!

What is your Car Worth?

The first thing you will need to do is find out the market value of your vehicle. You can find many different websites that will offer you a free valuation of your vehicle. From submitting your details to these sites, you will get an idea of the current value of your car. Now, you will need to decide what your method for selling your car will be.

Private Sale

Without a doubt, a private sale of your vehicle is the best way to get the maximum amount possible for your vehicle. There are disadvantages though as you will need to run multiple adverts and potentially have to deal with a lot of time wasters. If you are not in a rush to sell your vehicle, then this may be the best solution for you allowing you to maximize the return on your car.

Selling to a Dealer

If you search for it online, you will see many different companies listed that will offer cash for cars in Australia. You will need to contact all of the companies that you can. Find a reliable dealer to get the best deals for your car. See how much they are going to offer for your vehicle and compare deals. If you need the cash quickly, then this is an excellent way to liquidate your assets.

If you wish to trade your car in with another that the dealer has for sale, you will be able to get a higher price for your vehicle. If you find a larger dealer, you may even find that they will give you the total market value of your car in credit against a new vehicle from their lot.

Be warned, though, the second-hand automotive industry is a hard one, so you will most likely need to do a lot of shipping around to find the best deal. Always be prepared to negotiate and when you receive an offer for your car, do not be afraid to send them a counter offer. You may just find that you can push the price of your vehicle up to a level that you are happy. With a bit of shopping around and using good negotiating tactics, you will be able to get a fair price and get some cash in your pocket quickly.