How to Sell a Car in NSW In 2024? 6 Easy Steps

Are you looking to sell a car in NSW, but confused about the options and process? Worry not! We’ve got the solution with a simple and comprehensive guide. We’ll explore six different ways step by step, making the whole process easy and secure. We’re sure, by the end of this guide, you’ll be confident with your option to sell your car successfully, without any worries of scams. So, let’s get right in!

Prepare The Vehicle 

Before sellling, make sure your vehicle is all set:-

• 1. Clean: Make your vehicle look more presentable and cleaner from interior and exterior both, as a clean vehicle will attract buyers.
  2. Detail your car: Check if your vehicle requires any maintenance or repairs, even if it’s minor, still consider fixing it.
  3. Documents: Gather all your papers that you need while selling, such as maintenance records and proof of ownership. This will save you time and lead to a fast selling process.
  4. Set The Right Price: Before you sell your car, it’s crucial to understand its market value and condition. This will help you avoid losses and boost your confidence during negotiations. Finding your car’s market value is simple – just check similar cars online, on websites where cars are bought and sold, also you can use online car valuation tools. This way, you can set a fair price for your vehicle

1.  

Top 6 Ways: How To Sell A Car NSW

When it comes to selling your used car, you might think you’re limited in your choices, but there are actually plenty of ways to do it. The key is to find the approach that suits you best. Here, we’ve find the best way to sell a car for you:-

 1: SELL A CAR PRIVATELY

Selling a car privately is a profitable option compared to other methods. As you’re dealing directly with the buyer without any mediator involved. However, there are pros and cons to this approach, as it requires more time and effort. 

Follow these steps to successfully sell a car privately: 

STEP 1: Find Buyer

• First, check if your friends and family want to buy your car. It’s a safe option to avoid dealing with scammers. If none of them are interested, you can then try sell a car online.
• Advertise: Take a good picture of your car and post it on your social media or popular car buying websites. Write a description with details like the car’s make, model, year, and mileage.
• You can also use old ways like placing ads in local newspapers or on bulletin boards for more visibility.

(Note: Beware of Scammers, Always protect your personal informations: Don’t mention home address or other personal detail)

STEP 2 : Choose The Potential Buyer

Now, it’s time to talk with buyers:-

Communicate: Respond to the buyer’s inquiries, answer the questions, and try to provide additional information. 

Arrange Test Drive: Always allow buyer to have test drive your car, ensure the buyer has driver licence and there are few things you need to consider for your safety:-

• • Schedule test drive in Daylight

• • Meet in public areas

• • Bring one person with you. 

• • Accompany buyer when test driving. 

STEP 3: Paperwork

When selling a car privately you must have these:

• • Photo Identification (NSW Driver Licence or NSW Photo Card) 

• • A copy of the vehicle’s certificate of registration. (Proof of ownership)

• • The vehicle’s manual and inspection reports.

STEP 4: Complete The Sale

To complete the deal ensure these steps:- 

• • Sign the papers: Make a document that includes the sale date, agreed price, location and both buyer and seller’s sign. You can find the templates online. Make sure, you both have one copy of that paper. 

• • Receive The payment: Get your payment in your preferred payment methods. 

• • Transfer the title: Sign the title over to buyer’s name and ensure to complete other required documentation to avoid any future liabilities. 

• • Remove licence Plate: Before handing your car to the buyer, remove the licence plate from the car.

• • Provide the buyer with Receipt: Provide buyer with the proof of sale, that can be “Receipt.”

Things Seller MUST DO: 

• • Make sure the buyer has registered the vehicle

• • Sellers need to submit a notice of disposal within a given time frame of 14 days of sale.

• • Make sure the vehicle doesn’t have any outstanding finance or loans.

2: RECYCLING/ SCRAP A CAR

For non-working, damaged, or old cars, recycling is the best option. If you’ve such a vehicle then consider sell a car to scrap buyers or recyclers. They specialise in buying such vehicles in exchange for money. It’s also an eco-friendly way to dispose of your vehicle. 

 It involves specific process that is easy, here are the step-by-step guide:-

STEP 1: Research A Scrappers/ Recyclers:

In NSW, recycling or scrapping companies are quite popular with the names of “Cash for cars Sydney” “Scrap car removal” “Old car removal” you can search them on the internet and you get a list of buyers available in your nearby areas. 

• • Fill Multiple Quotes: At top results fill out the online Quote form to get the valuation for your vehicle. There are many companies provide free Quotes such as $15,000

• • Compare Offers: Once you get multiple quotes, compare the price they offer for your vehicle. 

• • Choose The Buyer: Choose the buyer wisely instead of going top price, also look for complementary services such as free car pickup, and payment methods.

(Note: Beware of Scammers)

STEP 2: Schedule Pickup

Arrange a suitable time for the scrap car buyer to pick up your vehicle. Most reputable companies offer free towing services. Make sure to provide them with your proof of ownership.

STEP 3: Get Paid

Receive the payment in your agreed upon quote offer. These companies pay you in your preferred payment methods. 

STEP 4: Complete the Sale

If everything is completed, then close the deal by getting a receipt of sale. The scrap company will tow away your vehicle to their scrap yard. 

Things Seller Must Do: 

• • Sellers must submit a NOD (Notice of Disposal) within 14 days of sale.

3: AUCTION

Auction is another way for selling used cars. Auctions are used to sell various things including cars, and usually held in auctions houses and online both. There all the interested people compete by offering higher prices and the highest bid wins the car. 

Here are the steps involves in How to sell a car in Auction:-

STEP 1: Choose an Auction

Look for your nearby auction houses in NSW, some of the popular auctions are PICKLES auctions, and Sydney Car Auction. You can simply find an auction with the help of the internet. 

STEP 2: Contact Auction House

To discuss the sale of your car, you need to reach out to the chosen auction house. They will assist you throughout the details including: fees, papers, commissions etc. related to the auction. 

STEP 3: Agreed on terms & Price

Now you both (auction and you) need to set a reserve price for your car. If the highest bid doesn’t meet the reserved amount, the car might not be sold. 

Reserved price: The minimum amount you’re willing to accept for your car. 

STEP 4: Listing your car

The auction house will list your car for sale at their upcoming auctions. This would be done by taking photos, creating a listing and advertising your vehicle on their websites. 

STEP 5: Auction Day

On the auction day, your car will take place and be presented to potential buyers. If the price meets or reaches the maximum value, your car will be sold to the highest bidder.

STEP 6: Final the deal

Once you sell your car, the auction house will handle the payment from the buyer.  They will pay you the amount after deducting commissions, fees, and any agreed charges. 

STEP 7: Handover the car

Lastly, you need to provide the new owner with the essential papers including the ownership title and receipt of sale. 

4: TRADE – IN

If you’re looking to buy a new car and want to sell old one, then trading is one of the best option. As you can use your current car value of the payment for buying new one. But the trade-in value might be lower compared to other selling methods. Here’s step by step process to sell a car through a trade-in way:-

STEP 1: Know the Trade-in Value

Start with researching the current market value of your car. You can find valuation tools online which usually require a vehicle’s make, model, year, and condition to estimate the trade-in value. 

STEP 2: Research Dealership

Next, find potential dealerships that accept trade-ins. You can search for “Trade-in” on the internet and there are lists of dealers available. 

Ensure you visit the dealership with your car, title and documents. For a better deal, consider getting trade-in offers from multiple dealerships. 

STEP 3: Get Trade-in Offers

When you have chosen the dealer, their team will inspect and evaluate your car’s condition and give you a trade-in offer. This offer will be based on their assessment and the market value. 

STEP 4: Negotiation

Be confident to negotiate with the dealership, if you believe you can get a better deal. Compare the trade-in offers you’ve received and use this information to get the deal in your favour. 

STEP 5: Use Trade-In For Your NEW vehicle

When both dealers and you agree on the offer, you can use that for your trade-in as a down payment (Partial payment) on the new vehicle you would like to buy from the same dealership. 

STEP 6: Complete the Paperwork 

Now, you’ll need to fill out paperwork to transfer ownership of your old car to the dealership. 

STEP 7: Final the Deal

Final the deal, and ensure all the details are clearly mentioned in the sales contract, like the trade in value and cost of new vehicle. Complete the purchase of your new car. 

Things Must Do:

• • Ensure you Cancel Insurance 

• • Notify the “Transport for NSW” to help prevent future liabilities. 

5: Consignment Sale

Firstly, the consignment sale seems complicated, but its simple when you understand how it work. Only licensed dealers are allowed to sell vehicle on consignment in NSW. The dealer doesn’t own the vehicle, instead owners leave their car with the dealer to sell it to them. It allows dealers to sell cars from both the public and other dealers without much expenses. Now, let’s make it simple:-

“Consignment Agent:  The person (Agent/ dealership) who sell car on your behalf (Involves:- Seller, Consignment agent, buyer)”

Here are the steps to follow on how to sell a car through a consignment sale:-

STEP 1: Find A  Reputable Consignment Agent/ Dealer

Look for the licensed consignment agent or dealership that specialises in selling used cars. Check for their reliability, review and recommendations. 

STEP 2: Contact The Consignment Agent

Reach out the potential consignment agent to discuss the term and conditions of the consignment agreement. Make sure to ask their fees, services and policies. 

STEP 3: Create the Consignment Agreement

If you are selling a car through consignment, the motor dealer or a consignment agent should have agreement between both parties that includes:-

1. • Both parties’ names and addresses.

• • Vehicle’s description

• • Agreed amount to be paid to consignor (Consignment agent)

• • Details of any financial obligation or liabilities on the car

• • The agreement period

• • Direction and distribution of money earned from the sale. 

• • Must have trust account with a bank in NSW

• • Keep trust account audit records, including:-

• 1. deposit book 

1. 1. receipt book 

1. 1. cashbook  

STEP 4: Complete Necessary Paperwork

Make sure your all required papers are in-order and up to date, including the vehicle’s title, service records, and any warranties. Also check the vehicle is in good condition. 

5. 5. Handover The Vehicle 

Now it’s time to handover your car to the consignment agent. They probably inspect it, take pictures and complete any other details. 

The Consignment Agent Step By Step Process:

1. Marketing and Advertising: It depends on the consignment agent, how they want to sell your car either public or to dealers.  The agent will advertise your car for selling and communicate with potential buyers. 

2. Negotiate Offers: When the buyer is interested, the agent will negotiate on your behalf. You will also be consulted for that, and you can either accept or decline. 

3. Sale and Settlement: Once the deal is close with the buyer, the agent will handle the entire process including:- paperwork, payment, and transfer ownership. 

4. Finalise the Sale: After completing the sale, the consignment agent will deduct their agreed upon commission and other expenses. Then provide you with the rest of it.

Things Seller MUST DO: 

• • Inform your insurance company that you’ve sold your car, also transport for the NSW department. It will help you prevent any future liabilities. 

• • Make sure you received the money within 14 days from the trust account.

• • Ensure you have a copy of the consignment agreement, and know any extra charges or fees.

• • Consignment agencies or dealers usually provide insurance for your car while it’s in their care during test drives. 

• • Know your vehicle’s value, don’t be tricked by the dealers offering you unrealistically high prices. 

• • Get an update from a consignment agent or consider visiting to ensure they’re actively dealing with potential buyers.

• • Don’t forget to take a picture of your car and note your vehicle condition before consigning it. And if returned then inspect it for any damages then inform the agent or dealer about it. 

Consignment:-

• • Put the money earned from selling the vehicle into a trust account within ONE day.

• • Inform buyers about all costs during the consignment period. 

6: Selling To Dealers

Selling a car to dealerships is another popular way in NSW, it generally involves a simple process. Here are the steps including:-

STEP 1: Find & Contact the dealers

Find dealerships that are reputed and known for buying used cars. You can easily find dealerships online on the internet or can ask your family and friends if they have any recommendations. 

STEP 2: Schedule Appointment

Contact multiple dealers for a better deal, after receiving the different quotes from various dealers, consider scheduling appointments with potential ones. This step allows dealers to check the condition of your vehicle and provide you with a more accurate offer. 

STEP 3: Negotiation

After inspecting your car, the dealer will make an offer. If you’re not satisfied, you can negotiate the price if you believe it’s lower than the market value. However, be prepared and confident to provide reasons for your asking price based on the condition and features of your car. 

STEP 4: Get Paid

Next, the dealer will pay you the agreed payment through any of your preferred payment methods such as check or bank transfer. Make sure you receive payment before transferring vehicle’s ownership. 

STEP 5: Complete The Paperwork

Paperwork is one of the crucial steps, to ensure complete necessary paperwork such as sign over the title, receipt of transaction etc. 

STEP 6: Handover The vehicle

Once each step is completed, hand over the keys and ownership papers to the dealership. 

The Important STEP

These are applicable for all the methods of selling:-

• • After selling your car, always remember to notify your insurance company and the Transport for NSW, that you’ve sold your car. This will help prevent any future liabilities or issues. 

• • Make sure to submit notice of disposal within 14 days of when you sell a used car. Even, if you’re private car seller. 
    

• • Do not sign any papers without reading it carefully and do not transfer the ownership of your vehicle before receiving your complete payment. 

Conclusion

In this “How to sell a car NSW” guide, we’ve outlined some popular methods for selling a used car in NSW. Keep in mind that the process may differ depending on your location and the terms of specific dealers or auctions. These are straightforward guidelines to help you become familiar with each method, avoid scams, and effectively sell your car in NSW. Best of luck with your car sale.