UK motorists looking to sell their cars could be making a costly mistake that's draining their wallets without them even realising. New research reveals that thousands of drivers are losing substantial sums by failing to take one crucial step before putting their vehicle on the market.
The Price Comparison Pitfall
Experts warn that sellers who don't shop around for the best valuation could be missing out on significant profits. The difference between offers from various buyers can sometimes run into thousands of pounds, making thorough research absolutely essential.
How to Get the Best Deal
Follow these steps to ensure you're not leaving money on the table:
- Get multiple valuations from different sources including dealerships and online buyers
- Check recent sale prices for similar models in your area
- Consider timing - some periods of year yield better prices
- Prepare your paperwork to streamline the selling process
The Online Advantage
Digital platforms have revolutionised car selling, with instant online valuations becoming increasingly accurate. However, experts caution that these should be just the starting point in your research rather than the final decision.
One industry insider revealed: "We regularly see cases where sellers accept the first offer they receive, only to discover later they could have got 10-15% more with minimal extra effort."
Seasonal Selling Strategies
The time of year can dramatically affect what buyers are willing to pay. Convertibles typically command higher prices as summer approaches, while 4x4 vehicles tend to be more desirable in autumn and winter months.
By understanding these market fluctuations and planning your sale accordingly, you could significantly boost your final sale price.
