With the costs of fuel and petrol escalating like nobody’s business lately, it does seem a better choice to invest in a new, more fuel efficient car, even in spite of the high initial cost. Newer car models, or even hybrids, that consume far less fossil fuels are not only beneficial to the environment, but also easy on the pocket. But the question arises, what to do with the old faithful that has stuck with you through thick and thin throughout the years?
Of course, the easiest way is to just send it to a second hand car dealer who will quote you a price they are willing to pay you for the car sale. If the price is reasonable and you decide to accept, they will happily pay you the money, take in your car and settle all future issues with it. Unfortunately, the amount of money that they will give you for your car will be much lower than the current market price, as these used car dealers do have to earn a living too.
If you don’t mind the hassle, another better alternative is to seek out potential car buyers, which could be your friends, relatives, or people around you. Word of mouth is an often underrated tool, and has been responsible for quite a few sales indeed. Put out the word that you have a car for sale, and someone might just ring you up for a test drive. There are also second hand car ‘markets’ of sorts, which is something like a place for car sellers and potential buyers to congregate and discuss prices.
One more option is advertising through a form of media, which is most often the newspaper classifieds or online advertisements. Online advertising through certain car websites and blogs is fast gaining in popularity and has the advantage of being mostly free of charge. One such site that is gaining popularity among used car sellers and buyers is Carlist.my which is the largest car for sale Malaysia. On the other hand, newspaper classifieds cost money, but it is able to reach a larger market, especially the older generation, which has been shown to be a large portion of the used car market once they ‘downgrade’ to a smaller car after retirement or when their children leave home.
These are the few main ways of selling off your used car, and you should look through all of them, then choose the option which suits you best, depending on whether or not you are willing to go through some hassle.