Selling Your Car

Selling your car can be a fulfilling or frankly daunting experience depending on your point of view.
Listed below are the various ways to achieve a sale.

• Advertising privately
  

  To achieve the best price, unless you know somebody who wants to buy your car, you will need to factor into the sale an advertising budget for various websites / magazines, make sure your car is fully valeted and mechanically sound with a current MOT and be prepared to rectify any faults or adjust the price if the vendor requests an independent inspection. If listing on ebay, be prepared to answer lots of questions and monitor the progress of the bids to maximise the result.

  Benefits
  Potentially with a fair bit of effort you can achieve a respectable price for the car but always bear in mind the public are unlikely to pay dealer prices for privately advertised cars as you are not offering the same facilities or peace of mind as a dealer.

  Against
  It can be very time consuming and sometimes quite stressful dealing with strangers turning up at your house to look at your car. You must assess whether they are genuine and not just checking out how they could return to steal your car or break into your property. You must decide who to let out on a test drive and if they are adequately insured. Lastly, once a sale has been agreed, you must ensure you receive guaranteed funds as unfortunately there are many frauds today who will try and convince you that they and their money are genuine.

• Selling to a dealer
  

  This is probably the most straight-forward way to sell your car. Paul Stephens do purchase cars for cash.

  Benefits
  If you are realistic about your expected price then this is an easy and hassle-free option giving you money straight away.

  Against
  The dealer will potentially want to give you less than you were expecting as they need to prepare/ warrant the car and make a profit on their purchase price from you.

• Part Exchange
  

  Very similar to 'Selling to a dealer' above. You must bear in mind that the dealer will either need to 1. Make a profit on your car when they sell it, or 2. Have to pass it onto to another dealer in the trade who may specialise in your type of car at its net value. Paul Stephens do offer part exchange against our Porsches for sale.

• Consignment Sale
  

  This is when you instruct a dealer to sell the car on your behalf. This leaves all the hassle of selling the car with the dealer but returning you a higher price than if it had been purchased for cash or sold privately. Paul Stephens do offer this service and with our reputation, invariably achieve excellent results for both you and our company making this a win-win situation.

  Benefits
  The ultimate price returned to you is better than a trade sale and probably a private sale too without the hassle of selling privately.

  Against
  You must to be prepared to wait for the car to be sold before your money is returned.

  An unscrupulous dealer can be as fraudulent as a private individual, so make sure you have 100% confidence in the dealer and their terms/ conditions before parting with your car.

  If you are considering selling your car, please call our sales department for some free informal advice on the option available to you.