Trying to Sell at a High Price Through Private Sale!

Buyer

① Search for a car online or at a used car dealership.

② Visit the store in person.

③ Purchase.

④ Vehicle delivery.

Seller

① Go to a used car dealership for an appraisal or check the appraisal value of the car you plan to sell online.

② Consider other companies as well.

③ Sale & delivery.

The above is the general flow.

Next, let me talk about peer-to-peer used car sales.

It is when buyers and sellers directly trade cars without going through a dealer such as a used car dealership, performing all procedures such as creating contracts and transferring ownership by themselves.

There are various methods for peer-to-peer sales. For example, there are transactions with friends, flea market services, services from specialized used car trading companies, and transactions through social media.

Between friends, you can discuss and agree on a price mutually and conduct the sale.

Also, on social media platforms like Facebook, Twitter, Jmty, Gulliver Flea Market, and Carvava, sellers set their own prices and recruit potential buyers. Potential buyers negotiate prices, and once the transaction is established, various procedures are completed and the vehicle is delivered.

Next, I would like to briefly introduce the advantages and disadvantages of peer-to-peer used car sales.

① No consumption tax! (Peer-to-peer sales do not incur consumption tax. Super great deal!?)

② You can set the price yourself! (High possibility of a satisfying transaction!)

③ Buyers may be able to purchase cheaply, and sellers may be able to sell at a higher price!?

These are the main advantages.

① No consumption tax.

This is one big advantage! Of course, the higher the unit price, the larger the consumption tax becomes, but in peer-to-peer sales, no matter how high the product price is, there is no consumption tax at all!!

Therefore, even if consumption tax increases, you are not affected at all.

As of September 2021, consumption tax is 10%, so if you try to purchase for 1 million yen, it becomes 1.1 million yen. (100,000 yen is quite significant... *cry*)

② You can set the price yourself!

"I had it appraised at a used car dealership, but this price is too low and I can't accept it" "I want to sell it as high as possible because I want to use the money for purchasing a new car"

I think quite a few people have had such experiences.

However, with peer-to-peer sales, there is a possibility that buyers and sellers can negotiate and trade at a price that both parties are satisfied with! (Of course, there are cases where it doesn't work out...)

③ Buyers may be able to buy cheaply, and sellers may be able to sell at a higher price!?

Some of you may be thinking, "Huh, what does that mean?" I will briefly explain this with a diagram.

As shown in this diagram, in the typical used car distribution flow, when you sell a car, intermediary fees and consumption tax from dealers are incurred.

With these intermediary fees, for example, a car sold for 1 million yen will be sold at the dealership for 1.5 million yen or even 2 million yen, with various intermediary fees added on top.

However, with peer-to-peer sales, there are no intermediary dealers involved, or fewer of them, and no consumption tax is charged. So buyers can buy cars cheaply, and sellers can sell cars at a higher price!!

Looking back on what we've discussed so far,

"Huh, peer-to-peer sales are definitely better!"

"I wonder why everyone doesn't do peer-to-peer sales."

I think most people would think this way. Actually, those of us inside the company thought so too.

Where there are advantages, there are also disadvantages - that's the way of the world...

Next, let's talk briefly about the disadvantages.

① Preparing documents yourself is difficult and troublesome (What do I need to prepare in the first place?)

② Fear of financial and other troubles (Worrying whether the payment will actually be made, etc.)

These are some examples.

① Preparing documents yourself is difficult and troublesome

Unlike regular sales, peer-to-peer used car sales require several documents to be provided to the other party due to vehicle inspection and ownership transfer. Also, although not necessarily required, since cars are products that are neither small in size nor price, creating a sales contract is recommended.

These documents required for transactions are complicated, and people don't know what to do. It's difficult and somewhat concerning. (We will explain in detail the documents required for these transactions in the next article.)

② Fear of financial and other troubles

That's quite understandable. Even between friends, many people feel anxious about making contracts and conducting transactions with complete strangers.

In fact, troubles such as "delayed payment" after making a contract are not uncommon. (We will also discuss these troublesome cases in a separate article.) The above are the main advantages and disadvantages of peer-to-peer sales.

What do you think?

"The advantages are nice, but the disadvantages are bigger, so no thanks." For those who thought this way, please wait a moment!!! Our company's online used car flea market service "Cartree" was developed with the idea of "maximizing the advantages while resolving the disadvantages as much as possible!"