Fastest way to safely sell your car in Canada
Fastest way to safely sell your car in Canada
Posted on October 4, 2022
Do you need some extra cash or want to buy a newer vehicle? We are going to discuss the steps you should take when trying to sell your car in Canada.
These suggestions are going to help you get top dollar for your used car while staying safe in the process.
Please stick around with us until the end of this conversation; it could help you make a considerable amount of extra cash.
Used car prices are constantly changing
Think of the used car market as something like the stock market, prices change on a daily basis, and these price swings can be attributed to human psychology more so than to sound financial principles.
You need to set the right expectation when it comes to valuing your used car.
This way, you will have complete confidence throughout the entire selling process.
Since there is no single right or wrong answer when it comes to determining the value of a used car, we can look at recent transactions for some insight.
Check out websites like AutoTrader and CarFax to find out what similar vehicles have sold for in the last 30 days.
The reason you want to use 30 days is with inflation and rising interest rates, the new and used car market in Canada is going through a profound shift, and your asking price must reflect this new reality.
Places to avoid when selling a used car
You wouldn’t walk down a dark alley in a rough part of town late at night, would you?
Well, the same rules apply when selling a used car; there are some websites you should avoid advertising your used car.
Start with social media platforms like Facebook; sure, it attracts a large number of people who may be interested in your used car.
This platform also attracts criminals who are looking for vehicles to steal; if they don’t steal your vehicle, they could take your catalytic converters, which could end up costing you thousands of dollars to replace!
While social media is great for selling smaller, less valuable items, trust us when we say you should avoid it when selling your used car.
The quickest way to flip your used car for fast cash
You could get a title loan on your used car; you aren’t technically selling the car; you are taking a loan out against it but must repay the lender back by the due date with interest, or they will repossess the car and sell it to recoup their losses.
The quickest way to flip your used car for fast cash at a fair price is to bring it to your local used car dealership.
These local used car dealerships will be able to tell you what your vehicle is actually worth.
By going to the dealership, you don’t have to worry about being scammed and can get paid fast, but as an added incentive, if you are looking for a new car, the dealership will give you top dollar trade-in value for your used car, so it is a true win-win situation for you.
Contact Unique Chrysler for help, advice and competitive car finance and leasing.