The first car was invented back in the 19th century. Unlike the ones today, however, it only had three wheels. What’s more, is that it only went around 10mph.
Obviously, things have changed a lot since then. Not only are they faster, but many also come with fancy features such as automatic parking.
However, they can also be expensive. After all, you have to pay for things such as car insurance and gas!
Thinking of getting rid of your vehicle? Want to know the pros and cons of selling a car on Craigslist? If so, you’re on the right page.
We’ll be going over everything that you need to know below!
What Is Craigslist?
Craigslist is a website on which you can view and post local advertisements. In other words, it’s like the classified section of a newspaper.
The best part? It’s free to use. Given that, it’s not surprising to know that it’s so popular.
Pros of Selling a Car on Craigslist
Selling on Craigslist has its advantages. Here’s what you need to know.
You’ll Get More Money
Chances are, you’ll make more money if you sell your car on Craigslist (compared to if you traded it in to a dealer). Depending on the vehicle, the difference might be in the thousands!
What’s more, is that you’ll likely receive cash for cars as opposed to cashier’s checks, etc.
It Doesn’t Cost Much To Put Up a Listing
While it’s no longer free to list on Craigslist, it’s still relatively inexpensive at $5 for 30 days—especially when you compare it to other platforms such as eBay.
Similarly, it’s much cheaper than posting a classified ad in the local newspaper.
Cons of Selling a Car on Craigslist
As convenient as it may be, however, Craigslist does have a few drawbacks. We’ll be going over a couple of them below.
It’ll Take More Time and Effort
Selling a car on Craigslist can be time-consuming—that is, it can take several weeks. For one thing, you have to put the ad together.
From there, you have to correspond with potential buyers. Assuming that everything goes well, you’ll then have to meet them for a test drive and or vehicle inspection.
You Have to Figure Out the Price
It’s important that you set a proper price for your vehicle and to do that, you’ll have to do some research. For example, you can search for cars that are similar to yours on Craigslist or eBay.
Keep in mind, however, that the price will depend on the condition of the vehicle.
Selling Your Vehicle
And there you have it—a short guide about the pros and cons of selling a car on Craigslist. If anything, the most important thing is to do your research before listing your vehicle!
Are you interested in more similar posts? Then check out the rest of our blog!