How To Sell A Car Quickly In Malaysia
Photo by Khairi Harry from Pexels (How To Sell A Car Quickly In Malaysia)
No matter how well-built your car might be, there will come a time when you’ll want to get rid of it. Perhaps its features have become obsolete, and you want to upgrade to a newer model. Or, it’s just far too old and not worth maintaining. Whatever the case may be, a day will come when you’ll want to know how to sell a car quickly in Malaysia.
In Malaysia, you can sell a car quickly by selling it to someone you know in a private sale. Or, you could advertise the car for sale online through social media platforms or classifieds websites. If you want to get rid of it even quicker, you could always use one of the many car-buying services now available in the Klang Valley and elsewhere.
In this article, we’re going to explore your options when it comes to selling your car in 2021. Here, we’ll help you understand how each method works, as well as the pros and cons that they offer you.
Let’s get started!
Performing A Private Sale
Selling your car in a private sale means that you, the seller, will directly deal with the buyer. One of the benefits of selling your car this way in Malaysia is that you’ll be able to get the highest price possible compared to the other options we’ll discuss later.
That’s because you’re handling the entire process yourself and won’t have to pay any fees or commissions to anyone else.
Unfortunately, that’s also a drawback of selling your car in a private sale. You’re handling everything without any intermediaries getting involved. That means you’ll have to:
Find the buyer.
Help the buyer inspect and test the vehicle.
Negotiate with them to get the best price possible.
As you might imagine, getting rid of your car in a private sale could take a lot of time and will involve a lot of effort on your part.
Suppose you’re not in a rush to sell your car, and you don’t mind dealing with potential buyers. If that’s the case, then selling your car in a private sale could be a good option for you.
So, how do you find a buyer to purchase your car in a private sale? The two quickest ways are to find someone you know personally, like a friend, family member, or acquaintance. Besides that, you could also advertise your car for sale online to reach more potential buyers much faster.
Selling To Someone You Know Personally
One option for selling your car is to find a buyer that you know personally. That could be a friend, family member, colleague, or even your neighbor!
Having a personal relationship with the buyer will make it much easier to discuss and negotiate with them.
Advertising Online
The internet is an excellent way to help you find a buyer for your car. Social media platforms like Facebook have Marketplace features where you can advertise your car.
The drawback? You’ll get a lot of inquiries this way, but the chances of finding an interested buyer might be slightly lower. To raise your chances, you might want to try auto classifieds websites instead.
Auto classifieds websites are excellent for selling your car because the only people who go there are buyers and sellers. So, when someone inquires about your car listed on an auto classifieds website, the chances are high they’re serious buyers ready to pay for it.
Trade-in When Buying A New Car
As mentioned earlier, one of the most common reasons for people wanting to sell their car is to upgrade to a better model. If that sounds like you, then here’s some good news! Generally, you won’t have to worry about trying to sell your car.
Instead, you can trade your car in to get a discount on your new vehicle! Depending on the manufacturer that you’re buying from, they might be willing to accept cars from other brands as trade-ins.
Sure, trading in your car won’t give you cash-in-hand. However, depending on the market value of that vehicle, it could lead to a substantial discount on the new vehicle you’re buying.
Plus, think about the value you’ll get in terms of convenience! You won’t have to go through the process of trying to sell your car if you just traded it in.
Go To A Car Buying Service
If you’re like me, you’re looking for a no-fuss option to sell your car and get paid quickly. Thankfully, there are plenty of car buying services that have popped up all over Malaysia in the past few years.
Sure, many of them are located in Klang Valley. But a lot of the more prominent, more established names have also opened up branches in Penang, Johor, and other parts of the country.
Here’s how they generally work:
First, you make an appointment with them to bring your car in for an inspection.
Then, you drive your car to their inspection centre. During the pandemic, some of these services have also started on-site inspections, where they visit your home or office to check your vehicle.
The purpose of that inspection is to put an accurate value on your car. So, they’ll want to know about any past accidents or other problems with the vehicle. Here, you need to be honest and open with them. It may also be helpful to present them with any useful information like your car maintenance history (although it’s not compulsory).
Then, the car buying service will present you with an offer which you can choose to accept or reject.
If you accept the offer, they’ll help you handle the paperwork to transfer the vehicle’s ownership and you’ll often get paid within hours.
As you can see, these kinds of services present you with loads of convenience and ease. However, there is one significant drawback: they probably won’t buy your car at the full market rate.
Why? Well, in many cases, these car-buying services are only intermediaries. Once they buy your vehicle from you, they might then sell it to used car dealers, who will then sell it to new owners. So, you see, the car buying service is just one of many steps before your car finds a new driver.
Still, depending on your situation, the peace of mind and convenience might be worth the price difference!
To read more informative articles about cars, motorsports education, and the automotive industry, check out TOC Automotive College, the Best Automotive College in Malaysia.