"I've sold many things online, selling a car shouldn't be an issue." Wrong, unlike selling your old iPhone, there are many more factors and steps to consider when selling your car in Singapore. 

Cars are registered with the relevant local governing bodies such as the Land Transport Authority (LTA), which suggests that there are paperwork and steps to be taken in order to transfer the ownership. The fact that cars are costly also means that loan matters with financial institutions are usually involved - which means more red tape to overcome.

Still not convinced that selling a car can be a huge hassle? Here are a few common problems that people face when trying to sell their cars.

Bought your next car and need to get rid of the old one as soon as possible? Selling your car yourself may take more time than you can afford

Urgent sale, difficulty finding buyer in a short time span

Selling your car directly to a buyer (such as through listing your car on Sgcarmart) is likely to be the option that nets the highest selling price as you are able to cut out any intermediaries.

However, as with any other for-sale listings, there is no definite time frame before potential buyers come knocking on your door. Plus, you will still need to spend time on each step of the selling process. As such, you may face difficulties if you need to get the car sold within a short time span.

Dealing with the queries of countless interested parties and arranging for the viewing of your car make direct selling a huge hassle

Hassle of dealing with potential buyer(s)

When you sell your car directly, you will assume the role of a salesperson, which is not as simple as it seems.

It becomes your job to liaise with potential buyers, answer their questions, and set time aside for the viewing and/or test-driving of your car.

It may not sound that bad at first, but once you consider the fact that you will have to repeat this with almost every single interested buyer, it can add up to a considerable amount of time.

There's no surefire way of getting a loan approved, so if your car's would-be buyer can't secure financing, all your time and effort would have been for nought

Buyer with issues securing a loan

You may think that your payday is finally here when you meet the right buyer, but that may not be the case. As cars usually cost a significant sum of money, if your buyer does not have the full amount on hand, they will need to take out a loan.

Sourcing for a loan is an additional hassle, as there's no guarantee that it will be approved as it depends on a variety of factors. Hence, no matter how sincere a potential buyer is, if they can't secure financing, the sale will fall through and you would've wasted your time and effort.

With hectic schedules in our daily lives, setting aside time to deal with the process of selling your car yourself is a luxury not everyone has

Difficulty finding time for the process of selling your car

Some of us are already struggling to achieve work life balance in our day-to-day activities. Who has time to deal with the process of selling a car? 

Trying to accommodate the potential buyers' schedules for them to look at the car, and for the eventual transaction and transfer of vehicle ownership at LTA adds up to several meetings. This will definitely require you to make huge adjustments to your schedule in order to sell your car.

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Selling your car to a dealer may be the quickest and simplest way, but the price offered may not be the best you can get

Dealers offering unsatisfactory price for your car

If you want to avoid most of these issues, you will want to sell your car to a used car dealer. Dealers will be able to handle the procedures for you, ensuring a buttery smooth handover process so that you can sell your car with ease.

However, dealers will usually offer a price that is lower than the market rate in order to maximise profit, which will be used cover their various overheads such as the rental of their shop space and staff salaries. Hence you may not get a satisfactory price even after spending days of searching for the right deal.

Without the help of an experienced car dealer, the procedures and paperwork involved in selling your car can be daunting

Lacking in understanding of procedure and paperwork

Unless you are a car dealer by trade, or have a penchant for administrative procedures, you will most probably not be well-versed with the required paperwork and procedures required to sell your car.

As such, selling your car directly can be a frustrating experience.

I still need to get my car sold... what should I do then?

These days, we have the technology to summon Private-Hire Vehicles (i.e. Grab, Gojek) from across the island right to our doorstep at the tap of a finger - which makes us wonder why selling your car needs to be difficult. It doesn't have to be! You can sell your car without all the hassle by putting it up for live auction through Quotz.

Quotz will get you the best selling price for your car by auctioning it to a network of over 500 dealers. It is also achieved in one working day, saving you precious time. Furthermore, Quotz also offers a seamless, worry-free experience - Quotz acts as an intermediary which will pay you the agreed price the moment you accept the offer, zero haggling involved! You get to enjoy more convenience while getting a higher selling price, a definite win-win situation in our books!

Here are some related articles that might interest you 

For all car owners, here's how you get money from selling your car

Car selling options: A 102 guide 

Car Consignment - How it works and other options

How to fetch a higher price for your used car when selling it to a dealer

Tips to get the best price when selling your car to used car dealers