4 ways to sell your car in Saskatoon
Selling your used car can be a daunting task. Where do you start? What are your options, and what are the steps? How do you get the best price? There are many questions, so in this article, we'll outline the different options you have for selling your car.
If you're purchasing another car, trading in your old car is most likely the best option. Not only is it the easiest way to get rid of your old car, it's also a good financial decision. That's because trading in your old car when buying a new one saves you the tax on the value of the old car.
For example, if you're trading in a vehicle worth $10,000 to buy a $40,000 car, you will only be charged tax on the remaining $30,000. That's a big savings potential, and often times closes the gap between other sales methods.
Private Sale (selling it yourself)
If done right, a private sale can generate the most amount of money for your car. However, a private sale presents "non-monetary" costs like potential safety concerns, and requires a lot of work.
First, you need to properly value your car by looking at the mileage, condition, and history.
Second, you need to get your car ready for sale. This means cleaning, detailing, and fixing any major issues that may deter buyers.
Third, you need to market the car. That includes taking good quality photos, writing an informative and enticing description, and posting it on major marketplaces like AutoTrader, Kijiji, or Craigslist. Many buyers will contact you with questions or come look at your car, so be prepared to spend a lot of time fielding questions and meeting buyers face-to-face.
As you can see, selling a car privately is a time-consuming and challenging process, but it can be rewarding if done correctly.
Sell it to a dealership
If you're looking to avoid the hassle of selling your car privately, the fastest and easiest way is to sell your car directly to a car dealership. It's quick, easy, and safe.
Gone are the days of unfair dealer offers. Nowadays, dealers are in need of vehicles, so most dealers, us included, will offer you a fair price based on the market value for your car.
Car consignment involves using a middleman (a car dealership) between the seller and potential buyer. In exchange for a small fee, the entire sale is handled by the dealership on the seller’s behalf. Everything from valuation, creating listings, negotiations, and registration is handled by the dealership.
Consignment options are typically available for luxury cars, sports cars, or exotics (the type of car that tends to command a higher sale price). Contact us to see if consignment is the best option for you.
Selling a car can be a stressful experience, but it doesn’t have to be. We've outlined the 4 options available when selling your car. We hope this helps you determine the best option for you. Contact us today if you need our help with the sale of your car.