CityPress - - Business -

If you want to sell your car pri­vately but you’re wor­ried about the safety of the trans­ac­tion, check out – an on­line sec­ond-hand car buyer that aims to fill the space be­tween sell­ing to an in­di­vid­ual, which comes with in­her­ent risks, or trad­ing your car in at a deal­er­ship and los­ing money.

On the web­site, you just fill in your car’s de­tails, and the on­line com­pany uses na­tional data and sta­tis­tics to pro­vide a free quote, which is gen­er­ated in sec­onds. The quote is sub­ject to a car in­spec­tion, but if you are happy to pro­ceed af­ter the in­spec­tion and you agree to the price of­fered, CarZar will buy the car from you, pay­ing you cash on the same day.

Hav­ing re­cently bought and sold sec­ond-hand cars, I tested the quote sys­tem and the pric­ing seemed fair – some­where be­tween what a dealer would pay and what you could get by sell­ing pri­vately to an in­di­vid­ual. Tech­ni­cally, you could prob­a­bly get more for your car if you sold to an in­di­vid­ual, but then you need to de­cide if it’s worth the has­sle and risk.

I liked the fact that there was a no-obli­ga­tion quote, so you can at least get an idea of the amount that you could get for your car – al­though the con­di­tion of the car may af­fect that price on in­spec­tion.

Al­though I didn’t ac­tu­ally sell a car, the com­pany’s claim that the pa­per­work would only take half an hour is also an at­trac­tive propo­si­tion. One of the risks of sell­ing pri­vately is that the new owner has 30 days af­ter the pur­chase to trans­fer own­er­ship, but if he gets any fines within that pe­riod, the seller is still li­able.

Rob Thompsett, re­la­tion­ship man­ager at CarZar, says con­sumers still do not fully un­der­stand why there is such a big dif­fer­ence in price for a trade-in com­pared with the price you get when sell­ing pri­vately or through an on­line sales fa­cil­i­ta­tor.

“CarZar was launched for those South Africans who pre­fer to find a con­ve­nient and easy way to sell their car and have cash in hand to buy their new ve­hi­cle with­out los­ing any value when trad­ing the old car in. There is of­ten a per­cep­tion that the pa­per­work as­so­ci­ated with sell­ing a car is cum­ber­some, but it is ac­tu­ally a pretty fast process and can be com­pleted in half an hour.”

Thompsett says that, while trad­ing in your old car for a new one has a ma­jor con­ve­nience fac­tor, con­sumers tend to lose thou­sands of rands in the process.

“If you have a cash de­posit, you are able to ne­go­ti­ate a far bet­ter deal for your­self. With a trade-in, the dealer has to make its mark-up on your ve­hi­cle, so the deal has less flex­i­bil­ity.”

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