The used car market has turned out to be a flourishing market that is in demand among the UAE residents as well. Various platforms are currently being used by car sellers to sell their vehicles. Among the commonly known platforms, are car dealerships, classified ad websites, and professional car buying platforms. Every platform has its procedure that the car seller must follow to sell the vehicle. The decision about the most appropriate platform can only be made after conducting a detailed survey of the pros and cons of each platform. Here is everything that a car seller must know before opting for a platform for selling a car selling platform.
How Do Classified Websites Operate?
Classified websites, as the name suggests, are simply websites that allow car sellers to post an ad of the vehicle and provide relevant details about it. The car seller can include details such as the model, price, and pictures from different angles. This helps interested car buyers to get insights into the condition of the vehicle. Most importantly, the car seller must mention the asking price of the vehicle and their contact information. If an interested buyer wants to proceed with the car seller, they can contact them and set up a meeting for physical inspection and negotiations.
A classified website is not directly involved in any deals that are initiated via the ad on the website. Therefore, the car seller must undertake the proceedings with complete responsibility and precautions in place to avoid scams. The website does not entertain any complaints regarding frauds or pricing of the car seller. The seller has full authority over asking the price they see fit. This creates yet another problem. Most car sellers tend to compare vehicles that are similar to their vehicle and determine a price that is higher than the highest comparable price. There is no clarity in terms of the pricing criteria that other car sellers have adopted, so there is a possibility that they end up with an unrealistic price and no buyer is willing to pay that price.
The process that is involved in the case of classified websites can be time-consuming as they are required to take care of every aspect themselves. Moreover, when the ad is posted, the car seller usually ends up waiting for a potential buyer to approach. Overall, selling through classified websites can be draining, create delays, and stress the car seller.
How Do Car Dealerships Operate?
Car dealerships are well-informed personnel who can determine the best prices that will enable them to make maximum profit. They can anticipate market trends and they are well -aware of the potential demand of every vehicle. Being experts in the field, they use this to their advantage and offer a price that is usually below the market price of the vehicle. They are excellent at negotiations so they can easily trick the car seller into accepting the price they are offering.
Some car dealers also offer trade-ins that may suggest a convenient solution, but they are not beneficial for the car sellers. This is a single transaction which means that the car seller sells their vehicle and buys a new one from the dealer. This means they can either request a discount on the new purchase or demands their asking price for the used vehicle.
How Do Specialist Car Buying Companies Operate?
Specialist car buying companies offer car sellers an opportunity to sell their vehicles at a market price after undertaking a comprehensive and transparent evaluation. The evaluation begins online with the car seller entering the details of the vehicle into the car valuation tool available on the website of the car buying platform. The car valuation tool then evaluates this information and offers an estimate. This estimate is per the market resale value of the vehicle. This stage is wrapped up within seconds saving the car seller’s time making it a convenient method of estimation.
The procedure then proceeds to the car seller making an appointment with the car experts to get their vehicle inspected. The physical inspection is thorough but rapid, minimizing the hassle for the car seller. The inspection leads to the final price of the vehicle, and the car seller can finalize the deal if they are satisfied with the price. They are not charged for such a comprehensive service, and they can choose to walk away as well. If they decide to sell, they can sign the sales agreement, and the payment is made through bank transfer.
Conclusion
Selling a vehicle is a daunting challenge that can be simplified if the car sellers make sure that they conduct proper research. The above-mentioned details regarding every platform reflect the experience that car sellers can expect from each respective platform. The details can help car sellers determine the ideal platform for their vehicle.
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