The Toyota Corolla is the best-selling car worldwide, a feat no other vehicle can come close to let alone even match. It is durable, affordable, and a treat to drive, but even though it’s arguably a car that can last generations, it is best to sell your old Toyota Corolla when the time is right. After all, the older your vehicle gets the more mechanical faults it is bound to develop.
We know you are thinking that, which is why you’re here. So, without wasting any more time, here are the best places you can sell your Toyota Corolla.
Private Buyers
Perhaps the best deal you will ever get for your car will be with a private buyer. Why so? Well, that’s because, when you are involved in a private transaction you control the situation. You decide the price, the place, and everything else. If the buyer doesn’t agree or if you are not liking the terms of the transaction, you can always cancel it and move onto some other potential buyer.
But where can you find private buyers for your Toyota Corolla? Worry not, we have that covered as well.
Online
The best place to find buyers is at an online marketplace. And for this, all you need is an internet connection. Sounds easy, right? It is because you can get a good deal for your vehicle just by uploading good photos on the site. However, you’d have to choose a well-reputed online classifieds website or a car trading website. Something like TradeMe can work very well for these kinds of situations.
Once you have found a reputable online car-selling platform, post an ad for your vehicle and you should receive offers in no time.
Newspaper
If you are a bit old school and you want to try conventional methods of selling your car, try looking through newspapers. The daily papers have a classifieds section, which you can use to post and ad for your car, or perhaps land upon a person who has posted an ad looking for a car like yours.
Anything can happen, so be on the lookout and don’t miss reading that morning newspaper.
Word of Mouth
Sometimes, it’s your friends that can help you out in finding a buyer for your Toyota Corolla. So, put out the word in your friend circle. Perhaps somebody is interested in buying from you, or they can connect you with someone who is interested.
Auction Houses
Another option on your list is selling your Toyota Corolla at an auction.
For this, you must have some good photos of your vehicle, especially if you are listing your car for an online auction. Make sure the auction house has no other requirements. You must fulfill them, to be successful at the auction.
Alternatively, if you are opting for a physical auction, keep in mind that you might have to transport your vehicle to the location of auction. That’s because, auction houses allow interested people the
chance to inspect the vehicles on Inspection Day. So, you might have to let go of your car for a few days.
Auction houses, however, should be low on your list, because with them you don’t have any say in the selling price of your car. In other words, you let the buyers have control over the price of your vehicle. They pay whatever they think your car is worth. Therefore, only go for this option if you have exhausted all other choices.
Car Wreckers
If you want instant cash for cars, there is no one better at this than car wreckers. Your junk car is worth something even if you think it is worthless. There are spare parts inside that can come in handy, the chassis itself is valuable, and if nothing your car is made of metal, which can be sold.
Therefore, if you have no other option left, or you are unsure what to do with your old car, try calling up a junkyard. Not only they give cash for cars on the spot, but you can sometimes get more money for your written-off, broken, or damaged Toyota Corolla at a wrecker. It ultimately depends on the condition of your vehicle, but you can get anywhere from $100 to $10,000 for a vehicle when selling to car wreckers.
If you also want to try your luck, call the nearest wrecker to get a quote for your vehicle.
Factors Affecting Your Car’s Value
If you want to get the most money for your vehicle, you have to keep a few things in mind:
Condition
The car’s condition plays the biggest role in determining its price in the market and its desirability in the eyes of a buyer. Private buyers will pay a lot of attention to this whereas auction houses and car wreckers will look at it, but won’t make it too much of an issue. You must keep this in mind before listing your car up for sale and try to sell your Toyota Corolla as soon as it becomes older than 5-6 years old. In case your vehicle is in bad condition, it is better to go straight to a car wrecker and getting a quote rather than wasting your time with other options.
Mileage
A car’s odometer reading is one thing that most buyers consider before quoting a price. Luckily, you don’t have to worry about it if you are looking to sell to car wreckers. These guys don’t ask about the car’s mileage. Yes, private buyers will ask for it and if it is high, chances are that you won’t get a good offer.
Demand
The Toyota Corolla has a high resale value due to its popularity, which means the market demand is high. This is an important factor, because the more people demand your car, the more money you will get from selling.
Make & Model
The more recent your car’s model, the more chances buyers are interested in it. Yes, the make matters too, but if you have a Toyota there is no point worrying.
Conclusion
That’s about it as far as selling your car goes. If you follow the advice above, you should get good money for your Toyota Corolla. So, what are you waiting for? Snap pictures of your car and start selling!
