Sports cars are the shining jewels of the automotive industry, wooing every car enthusiast alike with their blistering speed and phenomenal appearance. Almost every car enthusiast has dreamt of owning his favorite sports car at least one point. And when that day finally comes when you get your hands on a flashy sports car, nothing describes that ecstatic feeling of letting the beast run loose on an open highway.
Unfortunately, as all good things must come to an end, that day finally arrives when you are compelled to sell your beloved sports car. The reasons may vary for each seller- whether it is a divorce, a change in lifestyle, or simply the desire to switch to a more higher-end car, parting ways with your used sports car is always a bitter goodbye. However, it is equally hard to find qualified buyers that may be willing to buy your used sports car.
A detailed guide determines the best way to sell your sports car- whether it’s approaching the dealership or a private party or posting your used sports car for sale online. However, finding a proper guide or a checklist for niche cars isn’t an easy task.
Sports car prices range from a mere $25k for a Mazda MX-5 to a pricey $100k for a Dodge Viper or a Merc. Whatever the price range your sports car fits in, you want to ensure the maximum selling value for your valuable sports car. After all, the sports car is the result of your hard-earned money and you wouldn’t want to get shafted by a low sell-in value.
Which mode of sale should you prefer? Selling private or selling to a dealership
Most individuals who are looking to sell their sports cars do so in order to opt for a newer sports car or a more exotic breed. The most obvious place to visit will be a car dealership, where the seller can just walk in, trade-in his car, and drive out in a brand new and flashy sports car. However, this is equally an easy way to get ripped off by an exceedingly low trade-in offer.
Always remember that most dealerships are very picky about the inventories they have in store. For example, a BMW dealership will prioritize only Bimmer cars in their inventory while the same goes for Mercedes or any other high-end brand. So if you roll into a Merc or Audi dealership expecting to get a selling value bang-on-the-buck for a used Corvette Z06, prepare to be in for a disappointment.
Most dealerships offer a low deal in the hopes that you will either reject the offer and walk away or give in and accept the offer, leaving them with a juicy profit. A primary reason that dealerships are reluctant to offer a good deal for luxury cars of other brands is that they are tied in a franchise agreement with their respective manufacturer. Most dealerships don’t even have the experience of dealing with used sports cars, so approaching them to sell is basically a rip-off.
Left with no other option, sports car drivers take the route of selling the car through a private party to earn a fat profit in the process. Most drivers are inexperienced when it comes to the car buying process, which turns out to be a mistake. An average private party sale takes around 2-3 months to complete. In this period, your car’s estimated value falls by $1,500 every month. Not to include that loan payoff and insurance cover that you may be paying every month. Thus, in this waiting period, you end up losing more money compared to the profit you make at the end of the deal.
Private deals just waste a ton of your time in a nutshell. Besides, most of the prospective buyers aren’t serious about acquiring your property and just end up testing your patience by asking for ‘free test drives’ every now and then.
Why selling online is the way to go
Selling your sports car online is definitely a much better option than selling to a dealership or a private party. When you pick a strategic online platform to list your car for sale, you widen your reach to numerous verified prospective buyers.
These buyers are much more trustworthy than the ones you would meet on a private sale, and you also get a much sweeter deal. Online car-selling platforms are incredibly versatile thanks to their seamless transaction process and a broad reach of audience. You can simply list your sports car online for sale by following this process:
- Submit your car’s information: Provide your car’s VIN and other data to the online portal. Also, send some decent snapshots of your vehicle to attract a juicy deal.
- Evaluation of your car’s value: Online platforms evaluate your car’s condition with their group of trained industry professionals and assign the best selling value possible for your sports car.
- Conversation with the buyer: Online platforms streamline the communication process between you and the buyer through message boards and direct contact options. This way you can interact with the buyer head-on without wasting any of your valuable time.
- Take your payment at the end of the deal: Most online selling portals offer you a payment guarantee period once you accept their deal. Your car is sold to its prospective buyer within that period, and the money is sent to your respective bank account.
The whole online car selling process works at your own pace and ensures the quickest and most respectable deal for your flashy set-of-wheels. The Web has considerably reduced the challenges associated with selling an exotic or sports car. Once you get your payment secured, you can always set your eyes on that dream car or simply move on ahead in your life with that extra earned cash.