Do you want to sell your used car? Then you can roughly choose from three sales channels, each with its own advantages and disadvantages. What do you find important: speed, convenience or benefit?
Private car sales
Private car sales today go largely through online advertising sites. You can think of Marketplace, Investigators, Second-hand, Autotrack and AutoScout24. Advertising there is often free of charge. You do have to pay for extra visibility of the advertisement.
Private car sales provide by far the highest selling price in comparison with other channels. However, selling your car can take a long time. Only 6,000 new advertisements appear daily. In addition, you compete with car dealers who advertise their entire showroom and use advertising budget. Then try to stand out. You are also responsible for the administrative settlement of car sales.
Trade in at the dealer
If you are going to buy a new car, trading in at the dealer is an easy option. When buying your new car you negotiate the trade-in value of your old car. Everything is then arranged on the delivery date.
Keep in mind that you often receive a lower price for your used car. Another factor is that the trade-in value is important for negotiating a discount on your new car. Also read: car loans through a dealer are often more expensive than you think.
Sell to buyer
Relatively new is: selling your used car to an online sales portal. It is the fastest way to get a reasonable price for your used car.
Car sales can often be completed within 24 hours. In addition, your car is always purchased. The administrative settlement is arranged by the buyer. The price that you get for your second-hand car is usually slightly lower than the price for private sales.
Example sales channels
The price difference between private sale, trade-in and purchase is impossible to determine exactly. In order to get a global idea of this difference, we look at the current market value and asking prices of a Volkswagen Passat 1.6 TDI from 2011 with more than 150,000 kilometers on the clock.
- On Marktplaats.nl the highest and lowest asking price for this model is € 14,650 and € 5,875 respectively. In general, the highest asking price on Marktplaats.nl is an indication of the highest possible price that your car can deliver.
- The current market value for the model with the highest asking price based on license plate is € 8,930. This is the maximum value that a buyer will give for your car.
- An indication of the trade-in value of your car at a dealer roughly comes down to the lowest price on Marktplaats.nl with a deduction of another € 1000.
Sell your way
So there are plenty of options to get rid of your used car that all have their own advantages. The biggest advantage of private sale is that you get the best price for your car. Exchanging serves primarily the convenience, because everything is arranged together with the purchase of your new car. Offering your car to a buyer has the biggest advantage that you are guaranteed to have an excellent price for your car in your bank account within a few days.