Your car reaches it’s golden years. Or maybe you got in a wreck. Now what? Do you sell your car by owner, on the internet, or try “cash for cars” sites? Here is some insight from my own personal, TERRIBLE, experience:
Selling on your own might get you a slightly higher price but at what cost?
Let’s explore some of the negatives:
- Having unknown people come to your home
- Now they know where you live
- Return if something is wrong
- Cause headaches (like a brick through your window!)
- The car might sit for months, furthering the decrease in value as the market continue to go down.
- How much is your time worth?
- Broken appointments, no shows, etc… just another headache!
- Figuring out the paperwork
- And then more paperwork!
- Those shady individuals mentioned above, they’re about to drive off for a test drive with:
- You plates on the car
- Your registration
- Your insurance
- Or do you remove all that and hope for the best?
- Once they buy your car, what do they do with it?
- I ended up with almost $1,000 in tickets that I was responsible for since it sat on the side of the road!
A friend of mine learned from my mistakes and called a “Cash for Cars” website. The car was picked up within 24 hours, the money was exchanged on the spot with ZERO headaches!