The Ideal Used Vehicle Sales Experience:
This is what an ideal scenario looks like when you want to sell your vehicle:
- The preparation required doesn’t eat up your life.
- You get top dollar for your old vehicle based off a fair market price estimate or an accurate quote.
- You don’t have to leave the comfort of your own home or pay to list your vehicle.
- You don’t have to deal with strangers at your door
- You don’t have to let strangers drive your car and worry about your safety potentially
- You can trade in your used car to save on sales tax on your new car.
- You can view offers for your old car within minutes instead of waiting long stretches between offers.
- You are guaranteed that the buyer will pay by bank draft, electronic funds transfer or cut cheques quickly.
Sound too good to be true? Read on to explore some of the best places to sell your car in Vancouver and discover how different methods stack up against MintList’s real time vehicle auctions.
1. Selling Your Car Privately
Selling your car privately is an option that allows you to maximize the value of your earnings, as you can set your own price and negotiate with potential buyers. You can advertise your car on popular online marketplaces such as Craigslist, Kijiji, and Facebook Marketplace. You can also put up a “for sale” sign on your car and park it in a high-traffic area, such as a mall parking lot or a busy street.
However, selling your car privately can be time-consuming, isn’t going to get you a quick guaranteed value, and can require a lot of effort on your part. You will need to take photos of your car, write a compelling description including your car’s details in the most attractive way and be available to meet with potential buyers. Many online marketplaces also require you to provide payment to push your advertisement on their site by sending promotional emails etc.
Additionally, there is always a risk of encountering fraudulent buyers or scammers who can cause trouble.
2. Trade In with Dealers
If you don’t want to deal with the hassle of selling your car privately, you can always sell it to a dealership. Dealerships will buy used cars for a fair price after a free appraisal that checks your car’s conditions based on details like mileage, service history, model and they take care of all the paperwork involved to transfer the title. They will also handle any necessary repairs, clean up or detailing to get your car ready for resale. You will also have the option to trade in your used car for a new one.
However, selling your car to a dealership may not yield as much money as a private sale. Dealerships typically offer a lower price than what you could get through a private sale, as they need to make a profit on the resale of the vehicle. However you need to be aware that trading in your car at a dealership means you’ll have to purchase your new car at the same place to take advantage of taxes saved, and you’ll most likely have to accept a wholesale price for your car. So, you may not save as much cash as you would hope with a single dealer.
3. Car Buying Services
Car buying services, such as Carvana, Canada Drives, Clutch, Shift and Vroom, have become increasingly popular in recent years. These services will buy your car and handle all the details and the paperwork, just like traditional dealers. However, the process is typically faster and provides even more convenience than selling to a traditional brick-and-mortar dealer. However, you do need to be available for a final vehicle inspection to make sure the details provided are accurate before they provide payment.
Car buying services also tend to offer a higher price than dealerships, but lower than a private sale. The convenience factor can make up for the difference in price, as you don’t have to deal with the hassle of meeting with potential buyers, deal with numerous phone calls for additional details or negotiating prices.
4. Online Real Time Auctions
Another option for selling your car in Vancouver is through online car auctions that offer more convenience and even higher values for your car than both traditional single dealer offers and online retailers. MintList offers a simple three step process to sell your car via real time auctions for a truly hassle free experience:
- Create your car’s profile
Sign up and use your phone to list your car in just 10 minutes. Simply follow the easy guide that talks you through every single step with real people to help if you need them. Your car’s details including a personalized condition report, service history, vehicle options and complete CarFax Vehicle History will be automatically generated.
- Relax while we get to work
Your car is listed on a weekly online auction where 100+ vetted buyers compete to win your vehicle. Log in and watch the auction. It’s fun watching offers roll in.
- Get the best value offer
After the auction ends you have 24 hours to accept the highest guaranteed offer. No fees and you’re never under any obligation to sell.
The best part is you can get an accurate quote by comparing online offers from multiple dealer sites before you decide to sell your vehicle without any commitment using the MintList Price Estimator Tool.
This simple three step process also allows you to trade in your vehicle to save on taxes. Unlike traditional dealerships though, you have the option to choose from hundreds of cars from multiple dealers when you trade in for a newer vehicle. We call it trading up, not trading in. Many of our sellers receive an online offer up to $4,000 more than single dealer offers, so you save even more on your trade in.
MintList Makes Selling Your Car in Vancouver Hassle Free
As you can see there are several options available to you when it comes to selling your car in Vancouver. However, if you’re looking for an easy way to sell your vehicle with little preparation required, additional details collected for you with the option to trade in your car, with no hidden fees, with guaranteed payment from the buyer, then MintList is the way to go.
Trade in your car on MintList today.