Learn how car valuation works in NSW. Get expert tips on age, mileage, market trends & tools for pricing your car competitively whether selling or buying.
You finally decided to sell your used car privately. However, you are unsure how long the sales process will take.
If you are interested in buying a new car and need the money from the sale, then knowing how long it will take to sell your current vehicle is very important.
Also, we strongly doubt you want to pay registration, insurance and maintenance costs for two cars. Hence, the quicker you can sell your old car the better.
To help you understand your expectations, we’ll look at the average time it takes for selling cars privately and the factors that can speed up or slow down the sale.
In particular, we will give you a few options you can use to sell your car fast.
Most sources, including experienced auto dealers, say that it takes an average of 60 days to sell a car. In general, it takes anywhere between 1 week to 3 months.
This includes time for making necessary repairs and improvements to help make the vehicle attractive to potential buyers, listing the vehicle for sale, completing the paperwork and getting paid.
Realistically, however, the time it takes to sell a car can range from instant to never depending on many variables. Let's look at the most important of those now.
Below are the main variables that affect the time it takes for selling your car privately.
Most people looking to buy a used car consider price as one of the highest, if not the most important factor when selecting a vehicle.
However, this doesn’t mean that advertising your car for a low price will achieve a quick sale.
Car buyers typically look for a balance between value and quality. With that in mind, this is how impactful the asking price can be.
According to recent car-industry stats, Australians pay an average of $10,811 for a second-hand car. Of course, your vehicle may be worth much more, or less depending on the value of your vehicle in the current market.
The year your car was made, which manufacturer made it, and what model it is all play a huge part in how quickly your car will sell.
In general, Toyota and other Japanese car manufacturers populate the list of best-selling cars.
Pick-up trucks and sedans are also popular choices in the used-car market.
When it comes to the year of manufacture, it depends on the car’s demand. For example, an old Land Cruiser might sell faster than a newer Tucson because there are a lot of hobbyists and adventure seekers looking for an old LC.
Aside from the price and car model, the condition and mileage of the car also strongly affect the turnover rate.
As for the odometer reading, Australians typically drive 19,200 km per year. Buyers will multiply this amount by the age of your vehicle to understand how much it has been used.
That said, a car with mileage below 96,000 km is considered attractive and typically sells faster.
Also, cars in good condition both inside and out will usually sell faster and for a higher price.
Potential buyers typically look at the condition of the wheels, interior, the engine bay and inspect for panel damage on the body.
If your vehicle is not in great condition but still runs, there may still be people who are interested. There are people who buy cars, improve them and then flip them for a profit.
For cars that are totally wrecked or have severe problems with their internal components, it might take a very long time to get rid of them.
Plus, there is also the possibility you will never find a new owner for it when selling privately.
In those cases, it is recommended to sell your old car to a wrecker who will buy it regardless of its condition.
The type of car you are selling isn’t the only factor in the selling process, your skills in sales and marketing will also be put to the test.
If you are good at marketing and selling your car, then selling it can take just a few hours to a few weeks.
But if you don't put much effort into the selling process then you should expect sub-par results.
The best thing you can do is get your car ready for a private sale. This includes the following:
And remember, many potential buyers will negotiate with you by asking what your best possible price is. So keep this in mind when you decide on your asking price.
A car can sell in just a few hours or it can take several months depending on the factors we’ve discussed above.
If you think you can sell your car fast privately to earn the maximum amount, then go ahead and start listing it now.
However, if you think your car is in bad condition, or you just don’t have time to sell your car privately, consider selling to a car dealer or wreckers.
Learn how car valuation works in NSW. Get expert tips on age, mileage, market trends & tools for pricing your car competitively whether selling or buying.
Discover how to sell your unwanted car for cash in Australia with our step-by-step guide. Tips on preparation, legal steps, & maximizing your sale
Planning to sell several unused cars in your garage? Check out how many cars you can sell without a dealer's license & learn more about the dealer's license.
Buyers of your vehicle want to know if it is safe to drive. So do you need a safety certificate? The short answer is - it depends. Read on to learn more.