* Online companies that buy your car * Hassle-free selling? * What Car? investigates...
If it sounds too good to be true, thats because theres a slight catch. Youre selling direct to
a motor trader some of these companies are part of larger organisations that specialise in selling used cars.
They may offer you a fair price, but itll be a trade valuation rather than the higher price you could achieve if you sold the car privately or part-exchanged it at a dealer.
When you visit a high street dealer to part-exchange your old car for a new one, the part-ex value is usually made up of the cars market value plus an incentive to sweeten the deal. This incentive comes from the dealers profit on the car youre looking to buy. Selling a car privately should net you a better price, but as weve said there are a number of hassles involved in that.
However, there are other reasons why selling online may suit. If your car has a high mileage, is in less-than-perfect condition or is simply getting on a bit, you may find professional online buyers the best bet. Cars like this can be difficult to part-exchange or sell privately. Online buyers make no judgments and just value the car as they see fit.