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Many will have seen television advertisements featuring companies stating, “we buy any car”, but is this true? Although there are many companies that state they will purchase any vehicle in any condition, there will be some that have restrictions.
The following is an overview of some stipulations that can arise when using a company that says “we buy any car”.
The fast process is one of the most appealing aspects of using a company that buys any car. In some instances, those selling a vehicle could have the funds in their account the same day, but a series of documentation will be needed before a sale is finalised.
However, there can be instances when the process is slower. For example, those who don’t have all the necessary documentation may need to await replacements. In other instances, the vehicle may require a manual inspection.
When using an experienced company, those interested in selling their vehicle quickly should find that there is no issue as long as they agree with the amount offered.
When selling a car via a company that purchases any vehicle, you will need the same documentation as you would when selling a car using other methods. However, those wanting to sell their vehicle should create a checklist that includes the following.
It can also be worthwhile including receipts regarding any part replacements and repairs carried out on the car.
When a company states it buys any car, many can assume that the age of the vehicle doesn’t matter, but this isn’t always the case.
Although each company will have its terms and conditions, there can be instances where companies will not accept a vehicle over 15 years old. This is not always the case, but checking if you plan to sell an older car can be worthwhile.
Companies who purchase any vehicle will often be reselling them, and modified cars may not hold a value like conventional options. As a modified vehicle is created for a dedicated driver, there can be problems when reselling.
Furthermore, a company may need to invest in ensuring the vehicle is roadworthy, which may not be cost-effective when buying and selling cars.
Of course, there can be exceptions, but those with modified vehicles should consider other options in addition to a business that buys any car,
Plenty of companies will purchase a vehicle that is not running, but they may not cover the cost of collection. As such, the cost of towing or transporting a car can become your responsibility, which may reduce the amount you receive for the vehicle.
This can be common practice when a car is not running, and many people are okay with paying for the transportation. However, those selling a vehicle for the first time must know the costs before accepting an offer.
When there is outstanding finance on the vehicle, many car owners can be under the impression that the vehicle can’t be sold.
Although this can be the case when selling a car privately, those selling their car via a business that purchases any vehicle will often find the company will take care of the outstanding finance.
However, the company will deduct the amount from the vehicle's overall value. As such, those selling their car must consider these costs before agreeing to a sale.
As several businesses buy cars for resale, the fees will vary. If you are unsure of the transaction fee when selling your vehicle, you should check with the company before accepting an offer.
Companies that buy cars regularly will often purchase imported vehicles, but they must be registered in the United Kingdom. It is also essential to ascertain what type of import the car is.
A parallel import refers to vehicles imported from the European Union, while a grey import is from outside the United Kingdom.
Companies that buy any vehicle will often purchase both types of import, but those selling a grey import may require a manual valuation, meaning the sales process can take longer.
When selling a vehicle via a company that buys any car, you will often receive less than if you had sold the car privately. As such, selling a car via one of these companies is not the best fit for everyone, but there can be benefits when using a company that buys any car, including the following.
One of the most appealing aspects of using a business that buys any vehicle is that customers can expect a quick sale. Of course, some requirements need to be made, but selling a car to a business that buys vehicles regularly ensures that you can receive funds as soon as possible.
Although there is no guarantee that car owners will receive more than they would with a part exchange in every instance, using a company that buys any vehicle can mean you have more options when searching for a new car.
There will be instances when an amount offered by a garage or dealership is less than that of a business that buys any car, making purchasing a new vehicle more affordable.
Sometimes, those selling a vehicle feel pressured to accept the price they have been offered, but this should never be the case. Those using a professional business that purchases any car can be confident of a no-obligation offer.
Not being obligated to accept the first offer you’re given ensures you can explore all available options when selling your car.