But seven in ten drivers have accepted less than their car is worth just so they can sell it quickly – £977 on average
(Image: Huw Fairclough/Getty Images)
Two thirds of drivers fear that they have been “ripped off” when selling their vehicle – because they didn’t know enough about cars.
A survey of 2,000 adults who have sold their motor in the last five years found that more than half (54%) believe they received the keys for less than their car was worth – on average £977.
But 85% of respondents via OnePoll said their priority was simply to get rid of their vehicle as soon as possible.
And that apparent lack of time could explain why a third of those who have sold their car in the last five years haven’t shopped around to get the best price on their vehicle.
The research, commissioned by Motorway, found that more than one in ten (12%) people don’t even consult appraisal guides to find out what their vehicle is actually worth.
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A spokesman for the online-only used car market said: “Selling your vehicle can be a headache for many, especially if you’re not confident in your knowledge of cars.
“But there is a simple and easy way to sell your car online for a good price.”
The study also found that three quarters (76%) felt discouraged at the thought of what selling their car entailed.
As a result, seven out of ten consumers actively avoided selling their car, fearing it would be a hassle.
And another 69% said they would accept less than market value for their vehicle to simplify the process.
However, 62% admit that they have regretted selling cars so quickly in the past – because they got less money for it.
Only one in seven (14%) of those surveyed said they were “very confident” that they could get a good price for their car.
https://www.mirror.co.uk/lifestyle/motoring/drivers-ripped-off-selling-cars-26774797 Two thirds of drivers believe that they have been "ripped off" when selling a car