If you are someone who says that I want to sell my car for cash, there may be different reasons for such a demand. Some automobile sellers want to earn ready cash for emergency purposes, while others may look at other payment methods skeptically and prefer to use cash. But nowadays the popularity of demanding cash against the sale of a used vehicle is increasing and rightly so.
There are plenty of payment methods available in the used car market for buyers and sellers to use. These include payment through credit or cash installments, loan, online third party funds transfer methods among others. One common feature among all these methods is that they are credit in nature thus may have a degree of risk involved. As a result vehicle sellers may look for a better and safer alternative, which leaves them with the cash payment method.
So if you are someone who is not entirely convinced as to why he/she should use cash as a means to settle used car transaction, here is a list of some reasons as to why automobile sellers should go for selling a car for cash. These reasons come with an assumption that the cash payment is settled one time in full. Following reasons are not listed according to any priority.
Should I Sell my Car for Cash? The Transparency of the Process
One of the first concern that auto sellers show regarding other payment methods is that they don’t get to see the amount in real form if it is done through credit or bank transaction. No matter if it is a fairly safe method, as long as they don’t see the money handed over to them in real, they may have a feeling of doubt. They would usually go to the bank or keep checking their accounts online till the amount is not reflected.
With cash payment, there is a high degree of transparency. This is because the amount is handed to them physically in full. If there is any doubt of being less than what was agreed upon initially, it can be verified at that very moment by physically counting.
Hardly any Scare of a Fraud
With the cash paid in full one time, there is no further room for any type of fraudulent or malicious activity in terms of payment by the buyer. There are several types of buyers, which sellers have to encounter, especially when it comes to privately selling a user vehicle. Some of these may be posing as con artists who are there to rip off people in terms of payment. Such people try to convince the seller to accept payment through credit installments or through an unreliable source. In terms of installments, they at times default on some amounts. This may or may not be deliberate in nature but it surely puts a strain on the seller.
Nevertheless, if you make it clear to them that you want to sell car for cash and no other way, you automatically rule out all such buyers. This reduces the risk of getting involved in any such malicious and fraudulent activity in the industry. So if you are wondering where can I sell my car for cash, select the ones that do not have a reputation of hosting such suspicious ways.
No Bank or Third Party Transaction Service Charges
Another reason as to why cash payment should be preferred is the fact that there is no third party involvement. Most of the time when there is such a large amount of transaction done, people prefer to use the bank or some other third party source in order to virtually send the amount. In using their services, they are charged a portion of the amount transferred. In order to compensate for these charges the buyer will have to pay more than the due amount. At times, the over and above amount is not enough to compensate for the charges, as a result the seller may receive less. This may increase inconvenience among the two parties.
By using the cash payment method, buyers don’t have to use any bank source or any online fund transfer service to settle the transaction. Without these involvement, there is no potential deduction of service charges from third party sources.
Easily find Serious and Worthy Buyers
Requesting for cash payment may be an inconvenience for the buyer but those who really want to buy your vehicle will be willing to pay in any method that you might request. Generally, auto buyers don’t prefer to settle payment in cash. They don’t prefer to carry cash in bulk, especially when it comes to car transaction. Therefore, it is the least preferred method of payment from the car buyers’ perspective.
When you advertise your car in the sense that you are looking to exchange your car for cash, it becomes one of the effective ways of narrowing down your search to those buyers who are willing and able to buy your used car. Such buyers are also open to adopting a mutually agreed process of payment method as they are in need of your vehicle.
So if you are someone who is thinking how I can sell my car for cash but still have some doubts and want to know what all the hype is about, these reasons will help you to understand better. Other than that, if you are not satisfied with these reason and look for a highly safe and reliable mean of selling used cars in the UAE, choose SellCarGetCash.com. Being a specialist car buying company SellCarGetCash.com can help you sell your car quickly at its best resale price. Selling a car for cash is a viable option but not if there are a plethora of risks attached to it. Selling used car to a specialist car buyer like SellCarGetCash.com will not only save you from car selling hassles but will also ensure your car selling benefits.
