Is Selling a Used car to Someone You Know a Good Idea?

All of us go through the same phase and wave of emotions when we are selling our beloved cars. When you want to move to a new one, you need to sell off the older one. That’s how the ritual goes. The technologies are getting advanced every year, the cars are getting a series of upgrades year after year, and brands are adhering to the new market demands. You being the customer will always be lured towards newer and attractive versions. After all, a car is an integral part of human’s growth as well as a big part of owning an asset. When you plan to sell your used car generally people end up thinking of selling it to someone you know. But is that the right way to sell your car or rather your beloved car? Selling your car is not merely about getting rid of it, right? It is about selling it through the right process, getting the best ROI, legalities are taken care of, RC transfer, the list goes on. Therefore, think twice before taking a call to sell the second-hand car to someone you know. That might sound easy but it might become messier later on.

With the second-hand car market getting organized players like OLX Cash My Car are making the work easier and smoother for the customers. OLX Cash My Car is enabling customers to sell their used cars through a hassle-free approach as they take on the entire process of doing the transfer. While it's important to understand why selling off the pre-owned car can become a nightmare.

#1 You are taking a hit on market ROI

When you have taken care of your car for so long, kept it at efficient performance and has not been giving any problem then it’s the time to be extra cautious in finding a new owner. A car is an asset which needs to sell with the best of ROI. Return on Investment should be able to cover your maintenance cost of at least a few recent past years. Whereas when you plan to sell your car to an acquaintance then one is not in a position to negotiate better. On the other hand, OLX Cash My Car uses an algorithm of demand and supply encompassing a larger number of buyers in consideration for that particular model. Thus, making sure to deliver better pricing than what will be offered by a known person.

#2 The paperwork might be a nightmare 

Transfer of papers are the major constituents of personal selling nightmare. The paperwork can be a tedious job. One should never see the deal close until unless the name of the ownership has been transferred on to the new buyer’s name. Local dealers or personal transfers can also have loopholes which might lead to an issue during an unforeseen situation. RTC of India makes you do a pile of paperwork including multiple forms. The process is the mixture of online as well as offline, therefore, can also get confusing. Hence, it makes sense to go with a professional organisation which will take care from Step #1 of physical inspection to selling the car to completing the paperwork.

#3 No Market Research is involved

You are missing out on a big chunk of selling the car via a professional service provider, that is the larger demand of the car and bidding. When OLX Cash My Car uploads your car feature or says the report card generated by their engineers, it takes demand and supply of the model in consideration to calculate the price. Higher the demand, better is the re-selling price of your car. Therefore, why to miss such a fortunate chance of selling your car for which it is worth.

#4 After-Sales Issues

When selling the car to a known person, there can be chances of the new owner coming back with an array of car issues. There is heavily a chance of mistrust growing in the relationship also. No one would want to ruin the relationship over a car. Thus, you should choose an option which gives you no trouble after selling the old car.

#5 Cash Transactions 

In the age of digital money, you would not want to deal in cash or even delayed payments or broken payments. Your friend might ask for a favour to pay you in bits and pieces where again you are at loss. With OLX Cash My Car, the payment is instant as soon as you accept the offer made by them. Literally, the transaction happens within minutes of approval.

Gone are those days when you could trust known people or acquaintances. Move ahead with professional ways of selling the car to ditch all problems which can occur later. Choose OLX Cash My Car for better ROI and hassle-free process.