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Taking control of debt, free debt advice, improving your credit score and low-cost borrowing. Renting, buying a home and choosing the right mortgage. Running a bank account, planning your finances, cutting costs, saving money and getting started with investing. Understanding your employment rights, dealing with redundancy, benefit entitlements and Universal Credit. Planning your retirement, automatic enrolment, types of pension and retirement income. Buying, running and selling a car, buying holiday money and sending money abroad.
Protecting your home and family with the right insurance policies. Planning to sell your car? Before you do anything else, find out the value of your car. The next best option is dealer part-exchange, followed by a car-buying website. The easiest way to sell your car is to trade it in when buying a new or used car from a dealer. Selling outright to a used car dealer or garage is a relatively quick and simple process.
Car buying sites such webuyanycar. Magazine investigated six car-buying websites in It found that with five of them, sellers would have got a better price by trading their car in at a dealership. Most auction buyers are in the motor trade. Large car auction companies such as British Car Auctions and Manheim have branches throughout the country, but you might find it easier to use a local independent nearer to you.
It is illegal to knowingly sell someone a car with outstanding finance without informing them of the situation. If you are selling a car with finance still outstanding there are two things you must do before you can legally sell it:. Despite these costs, paying off your loan early should end up costing you less than your remaining payments would have done. The finance company will have registered your car on the HPI and Experian databases when you took out the finance plan.
Timing is important when selling a car — both the age your car has reached and the time of year you sell it. However, new tax is now backdated to the beginning of the month and refunds are from the start of the next. This could make it tricky if a buyer wants to test drive your car. If your car is reaching the end of its life and becoming uneconomic to maintain, consider donating it to charity or scrapping it.
Best ways to sell your car Planning to sell your car? Choosing the best way to sell your car Can I sell my car with outstanding finance? Can I part-exchange my car with outstanding finance Best time to sell your car Your next step Choosing the best way to sell your car?
Your first step Before you do anything else, find out the value of your car. Read our guide to Find out more about how to sell your car privately. Check out our guide on when people are looking to buy a car. Read our guide on How to dispose of an old car. Find out How to prepare your car for sale so you maximise its value.
Did you find this guide helpful? Thank you for your feedback. Related guides Car tax bands explained How to sell your car privately Your rights if something is wrong with your car. The cost of buying a house and moving Universal Credit explained Tax and National Insurance deductions. Making Shared Parental Leave work for your family Be in the know about price hikes this April Beat your credit card debts. More in 'How to sell a car' How to sell your car privately How to prepare your car for sale Negotiating when selling your car How to dispose of an old car.