Top 5 Best Online Car Buying Sites
Selling your car can feel like a daunting prospect. The process seems full of twists and turns, with potential potholes at every corner, but it doesn’t have to be a hazardous journey with online car buying sites.
Traditionally, selling your car has involved time-consuming paperwork, the stress of showing you car to strangers, and the fear that by the end of it, you are going to end up with a lot less money than you expected to.
There are also so many different ways when it comes to choosing how to sell it. How could you possibly know which one will find you the best deal? You can compare the UK’s best online car buyers here or read on to find out more…
Sell a car yourself and you may well end up with a good price at the end of it. However the actual process can be time-consuming and you’ll have to wade through the complexities of every stage yourself.
From advertising the car, showing it to strangers, dealing with time-wasters and – when you’ve finally found a buyer – haggling over the price, selling your car privately is likely to be both a long and arduous process.
Traditionally, the other way of selling your car, has been to agree to a part-exchange or sale with a dealer.
This process might be a lot easier than selling it privately. However, dealers will be very unwilling to negotiate on price, and you may end up receiving a lot less for your car than you expected.
There is also the option of selling it at auction whether online at eBay or offline (if you have the right contacts) through companies such as British Car Auctions (BCA) or Manheim.
Yet here the price won’t be fixed, and you can easily end up going through a lot of trouble only to end up with the a fraction of the amount you’d hope to receive for your car.
However, a third option does exist. Since the launch of WeBuyAnyCar in 2006, online car buying sites have become the favoured method for many wanting to sell their cars quickly.
Now, there are numerous other similar companies to WeBuyAnyCar. In fact, the number of online car buying sites has been continuously on the rise for the last decade or so.
As a result, they now offer a comprehensive, hassle-free alternative to the more traditional methods of selling your car.
These online companies offer to take much of the legwork out of the process of selling your car.
Yet what exactly is an online car buying website? What sort of service are these sites actually offering? And how does the process of selling your car through them work?
What is an online car buying site?
For the purpose of this explanation, an online car buying service is not the same as Auto Trader, motors.co.uk , Gumtree or eBay motors where you usually list your car for sale in a classified ad format.
While these sites do allow you to sell your car online, they work in a very different way to online car buying services.
Selling your car online through Auto Trader can be very time-consuming as you have to wait for customers to respond to your adverts and there is no guarantee they will at all!.
Though it may end with you getting the best possible deal for your vehicle, there are no guarantees of attracting a buyer. You might end up frustrated and still in possession of your car after the whole admin-heavy affair.
Online car buying services are very different. These are companies that bulk-buy cars of all makes, brands and types in order to sell them off for a profit (usually at an auction or through a network of partner car dealers).
As a result, these companies are not fussy and are always looking to buy cars of any age, make or model.
Using an online car buying site (like WeBuyAnyCar, Best Car Buyer or The Car Buying Group), removes a lot of the pressure and stress involved in selling your vehicle privately.
Rather than needing to appeal to a private buyer, online car buying sites offer you quick cash for your vehicle.
How to sell a car through online car buying sites
Many online car buying services claim, as their names would suggest (WeBuyAnyCar, WeWantAnyCar), to be able to buy any car out there.
If that valuation is to your liking, you can choose to proceed, and arrange either a collection or drop off date.
Most companies will inspect your car before providing a final offer, whereas others, like The Car Buying Group will provide a guaranteed offer over the phone as long as you give an accurate description of the car’s condition.
Some online car buying sites will also charge transaction fees, taking this off the final amount you receive for your car.
You can read more about the process of using an online car buying sites by clicking here.
Are online car buying sites the best option for you?
Online car buying services are great if you are looking to sell car quickly and get the cash as soon as possible.
However, though that sounds great, the downside is the price you’ll be offered.
The way the online car buyers make their profit is by selling the cars on to other traders (whether at auction or direct to dealers).
As a result, this does mean that they rarely offer the vehicle’s full retail value.
If you have the time or the energy to sell your vehicle privately, you may be able to achieve a higher price.
If you just want to get rid of your car quickly and don’t fancy the hassle involved in selling your car either privately, through a dealer or an auction, then these online car buyers offer a fast and easy solution.
Though the amount options when it comes to online car buying sites can be overwhelming, they all aim to make the process of selling quick.
As a result, they can free you up from many of the stresses involved in selling your car. It’s usually just a case of comparing prices and offers!
In the rest of this guide, we look at five of the most popular online car buying services…
Top 5 online car buying websites
1. We Buy Any Car
The company that revolutionised the second hand car business in the UK was founded in 2006.
12 years and several catchy ad jingles later, WeBuyAnyCar remains the dominant force in the online car buying sector.
Customers can value their cars online, and drop them off at any of their branches in your part of the country for an inspection before receiving a final offer.
Some fees may apply, and will be taken off the final amount you receive for your car.
2. We Want Any Car
WeWantAnyCar has expanded over the last decade or so into one of the most popular online car buying sites in the UK, providing stiff competition to WeBuyAnyCar.
With an interactive “slider” on their website, they allow you to rate the condition your car when valuing it.
You can drop your car off at any of their branches, before receiving a final offer. Any additional fees will be taken out of the amount you receive.
3. The Car Buying Group
Having only been around since 2014, The Car Buying Group is a new, fast expanding company.
Though they have drop off centres across the UK, they also offer free home collection.
The Car Buying Group guarantee offers over the phone, providing you give an accurate description of the vehicle.
There are no additional fees, and they provide instant payments.
4. We Buy Cars Today
This is a company without a branch network. Instead they provide home or work collections.
We Buy Cars Today has – since launching their website in 2011 – become an increasingly significant player in the online car buying service.
They will buy any car, as long as it is valued above £450. They offer free payments but there is a collection fee dependent on the value of the vehicle.
5. Trusted Car Buyers
Maybe offering a more unique service than most other online car buying services, Trusted Car Buyers allows independent franchisee and multi-franchisee companies to purchase directly from the public.
As a result, the cars don’t go through the auction process, meaning they are able to offer potentially better prices than their rival car buying services.
Having valued it online, you can choose to either drop it off, or have it collected for a fee.
There’ll be a final physical inspection of the car, before you receive a final offer.
Want to read more about car buying sites?
You can also check out our cash for cars guide to getting money fast.