Drivers were advised that they could get more money by part-exchanging their car in some cases (Image: Getty)
Drivers have been urged to consider two key factors before they put it on the market, when they are considering
The continued to rise in popularity during August 2024, with many motorists looking to get a .
However, Paul Barker, Editor of , highlighted that by understanding the best places to sell their vehicle.
He advised: “If you’re looking to sell, consider the type of car you own and its mileage to help you decide on the best sale method. Though private sales typically offer a better return, some popular models can sell at a higher price through part-exchange, likely due to the strong market demand and dealers’ ability to quickly resell them.
“The financial benefits of a private car sale can also come at the cost of speed and convenience, requiring extra time and effort to make a sale, as well as frustrations for the seller when dealing with difficult buyers.”
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Auto Express noted that dealers are happy to pay more for popular models, like the Vauxhall Astra (Image: Getty)
Auto Express highlighted that motorists can often get the most profit on their car by selling it privately, since there is no middle man who needs to make money from the deal.
However, the company warned that this may not always be the case, particularly if a motorist is selling a popular model that used car buyers are willing to pay premium for.
Long-running models are often the best sellers on the used car market, with hatchbacks like the Ford Fiesta, Nissan Micra, and Vauxhall Astra all receiving plenty of demand from customers.
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Part-exchanging a new car is also an easier process compared to selling privately (Image: Getty)
What’s more, Auto Express highlighted that selling a car privately can also be much more of a hassle for motorists who simply want to swap it for the latest model.
When selling privately, it is vital for drivers to take good photos of their car, write up an eye-catching yet honest description and add it to a number of retail platforms.
They will then have to communicate with any potential buyers and show them around the vehicle before being able to find a new owner.
Paul also suggested that drivers with a low-mileage car take it in to be part-exchanged, with many dealerships offering much higher prices for models with plenty of life left in them.
He added: “Mileage is also a key factor, as dealers tend to offer better part-exchange prices for low-mileage cars, which are easier to flip.
“Part-exchange or selling to dealers via online auctions with Auto Express also offers a hassle-free experience, allowing sellers to avoid time-consuming tasks like advertising, answering inquiries, and dealing with potential buyers.”