If you’ve ever tried to sell your car online, then you know that there are many different options.
You can post on Craigslist, Ebay, Facebook Marketplace, Gumtree, Autotrader, Grays and CarGurus.
But which auction or private listing website is the best place for what type of car?
And what are the benefits and disadvantages of each platform or website?
Here’s a quick guide to help you decide.
- 1 What Are the Advantages of Selling Directly Online to a Private Buyer?
- 2 What Are the Advantages of Selling Your Car Online Through a Large Auction Site?
- 3 What Are the Disadvantages of Selling Your Car Online Through a Large Auction Platform?
- 4 What Are the Advantages of Trading Your Car for Cash at a Dealership?
- 5 What Are the Disadvantages of Trading Your Car for Cash at a Dealership?
- 6 The Best 5 Websites to Sell Your Car Online
What Are the Advantages of Selling Directly Online to a Private Buyer?
Selling your car online may be better than taking it to a dealership because when dealers buy cars from customers they often mark up the price with fees and commissions.
Some sites such as Gumtree and Facebook Marketplace will not require the seller to pay any commissions.
This can save you hundreds of dollars. However, sites such as eBay and Grays will include a fee based on the sales price (or based on some other rate card – be sure to investigate prior to listing).
Secondly, selling privately means that you can sell your car at a higher price without having to pay a cut to a middleman (e.g., dealership who has to pay for staff, utilities, rent etc).
Selling your car directly to a private buyer is great for people who have rare or unique cars that are unlikely to be popular on a large auction platform.
There is no need for you to waste your time listing and promoting a car that will not sell.
Finally, you can sell your car in person. This means that there are no shipping costs or delays when transferring the title of ownership to the buyer.
What Are the Advantages of Selling Your Car Online Through a Large Auction Site?
First, there is an opportunity to sell your vehicle at a higher price if it is a common or popular car.
Sellers will bid against each other to raise the final sale price, even though they have to pay a commission on top of that.
Second, there are more potential buyers because the bidding platform is accessible to everyone.
This means you have a higher chance of getting a good price.
Third, there is no need to pay for shipping or wait in line at the DMV when transferring ownership.
What Are the Disadvantages of Selling Your Car Online Through a Large Auction Platform?
There is much more competition. This means you have less chance of getting a good price because there are many people who want to buy your car.
You may need to pay fees based on the final sale price. The commission will be much higher if you are selling a common car or luxury vehicle because there is more competition for these types of cars.
Third, you cannot sell your car in person meaning that there may be a delay transferring the title of ownership and it could result in additional costs.
What Are the Advantages of Trading Your Car for Cash at a Dealership?
You may get a good price for your car if it is in high demand.
This is usually because, generally speaking, there are no fees or commission payments involved when trading in at a dealership.
You can also avoid the hassle of listing and promoting your car online. The dealership pays you cash, transfers the title, and takes care of everything.
That is, they bear the risk of not being able to sell the vehicle.
What Are the Disadvantages of Trading Your Car for Cash at a Dealership?
First, there is much less competition. This means that you are unlikely to get a good price for your car but it may be worth the trade
The Best 5 Websites to Sell Your Car Online
The best option for vintage cars is Ebay where they will get the most exposure and find buyers who know about these types of vehicles.
If you have a limited run vehicle like a Tesla or new BMW model then it might be better to go with Facebook Marketplace because people are more likely to trust their friends than strangers on an online forum or website.
Grays (formerly known as Grays Online) is the best option for luxury and unique vehicles.
Again, this is because they will get the most exposure with buyers who know what to look for.
Ebay is the best option for common daily vehicles like a Ford because they will get the most exposure and you can find people who are looking to buy exactly what you have.
For all other used cars (traditional daily drivers) either Facebook Marketplace or Autotrader would be the best option.
Autotrader is more generally used and people can filter by price, location and distance so it’s easier to find buyers than on Facebook Marketplace where you need to be contacted directly for a potential sale.
On the other hand, Facebook Marketplace is free to post on (and you can reach more people), it’s easy to set up and provide photos of your vehicle.
You will also get less spam emails than with Autotrader where buyers are often car dealerships looking for their next business deal.
For more tips on how to get the most out of selling your car on Facebook Marketplace, click here.
On the downside, if you want a quick sale you will need to offer your car at a lower price than on Autotrader.
CarGurus is the best option for dealerships and people who want to trade their car in.
This platform provides a great opportunity for them because they can find a large selection of vehicles and compare prices with other dealerships.
Finally, if you want to sell privately and don’t mind the hassle of meeting with strangers then selling online should be done via Craigslist or Gumtree.
Keep in mind that because it’s private there are many scams so you need to be smart about your safety.
If you follow these steps, then the process of selling your car will definitely be easier than before!