IT can be a bit of a tricky one for fleet managers and small business owners when it comes to the disposal of their owned company vehicles.
Whether they are making the transition from owning to leasing or simply replacing their company-bought fleet, ensuring that the process runs smoothly can be problematic to say the least.
Common ways to dispose of company vehicles
Auctions
Sending your car (or cars) to an auction is an easy and quick option to make a sale – isn’t it? Well no, actually, not always.
Your car (or cars) may not sell, or you may get far less than you hoped for.
Advertising
Advertising your company cars for sale means expense, time and potential buyers – all with their different requirements and bargaining tactics – will be knocking on your very busy company door. Can you spare the time?
Local traders and garages
Phoning around to find trade buyers is time-consuming and it is likely that you will not get the price that you would like – after all, their aim (if they agree to purchase) is to sell the vehicle (or vehicles) on, so it is likely that they will bargain hard.
Online Car-Buyers
Car-buying companies who offer to buy your cars with a valuation based on your vehicle description online usually require you to take the vehicle or vehicles to their depot to complete an appraisal along with the transaction; it is very often a worry that the price agreed could differ at this point, for whatever reason.