Jaco van der Merwe
Head of Motoring
7 minute read
19 Aug 2020
7:22 am

Trading in or selling privately? Choose wisely

Jaco van der Merwe

Selling your car privately might be more lucrative, but beware of the potential pitfalls.

It’s important to weigh up your options when selling a car. Picture: iStock

The Covid-19 pandemic has brought economic hardship to many households and left most consumers with some tough financial choices to make. Consumers are under increasing pressure to make ends meet at the end of the month and one area in which many households are trying to free up cash is on their cars. Trading down has been an ongoing trend over the last few years and has increased significantly in the midst of Covid-19’s economic pinch. It’s not only clear from new car sales, but also a popular trend judging by search data from online pre-owned portals. When car owners...