When you have a used car that you need to get rid of, there are many places where you can sell it for cash on the spot. The best place to sell your car depends on how much effort you are willing to put into the process and how much money you want to get out of the sale.
Private Party
You will generally get the most money for your car if you sell it to a private party. This is because other places that purchase used cars mark them up before reselling them, whereas you and a private buyer can just agree on a price somewhere between what you would get for the car and what the buyer would spend on the car if you were to go through a dealership. The main issue with this method is that it takes more effort on your part. You have to advertise the car, meet with potential buyers, agree on a price and follow through with the paperwork. In addition, if you have a loan on the car, you will have to work with your lender to release the title for the buyer.
List your car on Repokar.com Online Auction.
Listing your car for sale at an online auction site, such as RepoKar.com, makes it available to private parties and get the highest price that people are willing to pay for the vehicle. The online auction takes many of the steps out of the process you would need to take to sell it to a specific individual in your area. In addition, you might get a higher price for the car by auctioning it than you would by negotiating with each buyer individually. When setting up an auction, choose a minimum opening bid that is the lowest amount of money you are willing to take for the car.
Used Car Dealership
Some dealerships take used cars only, making them attractive places to sell your used car. Usedcarsremarketing.net is one popular national option, but you will have local options as well. They are experienced in determining the value of many types of cars and can usually offer cash on the spot. However, the dealerships are not a good place to sell your car if it is very old and would need significant repairs to get it into a condition to sell. Dealerships will usually offer you a very low price for these types of vehicles because they just sell them at auctions and don't expect to turn much of a profit.
New Car Dealership
If you are looking to buy another car right away with the cash, just take your car to a new car dealership and use it as a trade-in. Any dealership will take the car, even if it is a different make. Negotiate with the dealership to get the best possible trade-in value for your used car and undergo separate negotiations to lower the purchase price of the vehicle that you are getting in return.
If your car is not in operating condition and you would like to sell it so you don't have to have it sitting around, a junkyard is your best bet. Especially if the car has many parts that are still in good condition, many junkyards will pay you a few hundred dollars for it because they can still sell the parts. Look in the yellow pages to find junkyards in your area. Try to find one that hauls the car for free so you don't have to worry about how to get it to the junkyard if it doesn't run.