Trade in or private sale?
If you want to get into a different car, should you trade in or do a private sale? There are benefits to both selling and trading in a car. Ewald Auto wants to compare both trading and selling, to help you learn which choice is right for your needs. Let's start by reviewing the process of selling your used car in Waukesha.
Is it legal to sell a car privately?
As long as you have the right to sell your car, it's legal to sell your vehicle privately. However, there is a great deal of work involved in selling your car by yourself. You'll need to determine the value of your car. Once you identify what the value of your car is in your market, you'll have to advertise, communicate with buyers, and show the vehicle.
Is it worth selling my car privately?
If you have the time to market your used car near you, selling a car privately can be worthwhile. But there are also risks associated with selling your car to an individual instead of to a car dealership near you.
- A private sale isn't as convenient as trading in your car. It could take months for your used car to sell for the price that you want. If there isn't demand in your immediate market, it might take even longer.
- If your car is a newer model, it could lose significant value in the time it takes to sell. Depreciation occurs at a rapid rate during the first several years of a car's life.
- You'll also have to deal with prospective buyers. Consider the element of interacting with strangers when deciding to trade or privately sell your car. This risk can range from annoying low-ball offers to making yourself vulnerable to theft.
What are the pros and cons of selling your car via trade in vs private party?
Now we'll go over the benefits of trading in a car.
- One of the major factors in choosing between a trade in or private sale is convenience. Selling a used car in Waukesha can take weeks or months. You can trade in your car at Ewald Auto instantly, and drive a new vehicle home the same day. Our car dealership near you makes it simple and fast to trade in for a different model.
- Another reason to trade in over a private sale is the value. When you sell a used car near you privately, you can expect your buyers to haggle. Buyers want to get the best deal on your car, rather than pay the fair value. Ewald Auto will value your car using our Live Market Pricing platform to assess the current market value. You won't have to worry about dealing with low-ball offers when you trade your car at Ewald!
- Trading your car also eliminates the need for complicated paperwork. Our car buying team will handle all of the details. All you need to focus on is choosing your next vehicle.
When you're ready to get rid of your current car, you have many options. Ewald Auto wants to help you make the best choice for your situation. Let us show you what we can do for you. Stop by our showroom today for a free vehicle appraisal!