In the age of excess, it’s not too uncommon for houses to have more cars than people! Changes in situation often land families in a position where they have more cars than they need.

So what do you do when you have too many cars?

 

Although having too many cars can be a sign of wealth and excess, here are our reasons for why you should sell those additional vehicles:

  • Cars will depreciate, selling them will give you cash, which won’t depreciate.
  • Too many cars may clutter your driveway and house. Give yourself more room by remove a few square metres of car from your property.
  • Paying registration, insurance and maintenance can become quite a burden. Getting rid of these expenses can provide you with tonnes of additional cash every year to spend on a holiday, bills or even a new car!

So how do you take care of unwanted cars to free up extra funds and space?

There are a few options to consider when selling your vehicle:

Selling Privately

Selling your car privately is one of the most common selling preferences in Australia. Selling privately can be good if you don’t mind waiting a while for the right buyer to come along and you don’t mind managing all of the paperwork yourself.

Selling to a dealer

Trading in to a dealer, while it’s quick and easy – can leave you with much less money that you expected to receive for your vehicle. Because dealers have a number of overheads and want to make a large profit on your vehicle, they can sometimes offer you as much as $5000 below market price.

Selling to a Car Buying House

Buying houses can offer you a better price than dealers because they have a larger network to sell to. As well as this, they have the added convenience of same day payment so you can walk away with payment on your vehicle much faster than you may have expected.

If you would like to sell your car for decent money and quickly, try Car Buyers Online for a pain-free selling process.

May 12, 2015
sell-your-car-for-cash

How to make money from an unused car

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