1. TRADE-IN IS A SCAM.
Dealers pay thousands below the actual value of the vehicle so they can either flip it for profit or offload it for quick cash to another used car dealer at auction.
2. DEALERSHIP PRESSURE IS REAL.
Selling your car to buy a new one? Skip trade-in and just buy a car from the dealership. Dealers often roll the trade-in into your new car price to make it seem like you are getting a great deal. By removing your trade-in from the purchase, you can get a much better idea of what they are actually charging for the car.
3. CRAIGSLIST IS CREEPY.
Feel safe meeting a stranger to sell them your $15,000 car? Safety should be paramount, but many forget that they can be easily robbed or taken advantage of when selling a car online.
4. SERIOUS BUYERS ARE HARD TO FIND.
It’s hard to find a serious buyer for your vehicle. For all the people that test drive and check it out, just a small fraction may actually be able to purchase it.
5. YOU CAN’T CHARGE MARKET PRICES.
Competition is stiff, and even the cleanest vehicle on the market likely won’t fetch blue book prices. Buyers expect to be rewarded for the increased risk of a private-party sale with a cheaper vehicle.
6. WHERE DO YOU LIST YOUR CAR?
As the used vehicle market changes, traditional listing methods are rapidly splintering. There’s no longer one or even 3 websites to list a vehicle. Local bulletin boards, online auction, Cars.com, Autotrader, Cargurus, Facebook, Craigslist, eBay, etc. the listing possibilities are limitless, time consuming, and tailored to different buyers.
7. ONE SIDE GETS A BETTER DEAL.
Master negotiator or not, negotiating when selling a vehicle yourself can be a losing battle. If you want to sell a car quickly, you’ll likely have to compromise on the price.
8. YOU CAN’T FINANCE OR WARRANTY YOUR VEHICLE.
With an increasing number of buyers turning to financing for used car purchases, private party sales exclude a large portion of the market. Can you work with used car loans, offer financing, or offer warranties on your used vehicle?
9. YOUR TIME IS WORTH MORE.
You have a life to live. Imagine dropping your vehicle off and having a team of experts clean and sell your vehicle. When it sells, you’ll get a check for the full retail price minus a small flat fee. That’s the future of used car sales; that’s Consignment Garage.