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Get The Best Deals While Bidding At Online Car Auctions

A car auction is the best place to score a used car for a steal because the bids usually start below the car’s market value. And with the advent of online vehicle auction sites like bid or buy South Africa you don’t even have to go to the auction venue. You can simply browse the net, place your bids on your desired second-hand model and have it delivered to your garage. But online auctions suffer the same problems that live auctions do; bidding way over the market value in the zeal to win, losing all bids by offering way below the price tag and getting pure junk that you cannot return or refund. To avoid this and to get the best possible deal on your used vehicle, follow the steps below:

Research Business Site

Research
Research

Like any other domain, bidding domains like We Buy Cars Cape Town will have a terms and conditions page where you can check return and refund policies. Most old car bid sites generally don’t offer any unless specified. They do usually have complaint redressal forums and allow you to leave negative reviews against the business partners which the sellers would want to avoid. Also, check if the platform is Customer Protection Act (CPA) compliant which they should be. CPA guarantees you a warranty of 6 months even if the company does not unless they specifically specify the defects and you still buy it, the car was modified despite the instructions or after the sale. 

Research Cars

Man With Laptop
Man With Laptop

To be able to quote the right amount you need to know the right amount. Websites like Bid Or Buy South Africa usually give info about the model’s market rate and the opening quote. You can also refer to car valuation platforms on the net. Be sure to check the car’s description for any defects.

Set Your Bidding Budget

Bid
Bid

Based on these rates you find you can set your max estimates. A few thousand rands above the estimated price should be the absolute maximum and enough to succeed, anything more could be an overkill. A few thousand rands should be set aside for any repairs that the old vehicle will undoubtedly need.

Check Car’s Age & Mileage

Boy Checking Car
Boy Checking Car

Though, you can’t tell the transport’s condition from an online image, you can make a guess by comparing its age and mileage. If it has a very low mileage despite being four years old, it probably breaks down very often. If its mileage is beyond what is normal, it probably broke down due to overuse.

Check Seller’s Rating

Seller Badge
Seller Badge

Another great way to be sure that you are not buying junk is to check the seller’s ratings. At most websites, this can be checked by going to the business partners’ profile page. Here, you will usually find how other customers have rated the vendor and reviews and complaints against them. Those with more positive reviews are naturally more reliable.

Bid Just The Right Amount

The idea is to bid just enough to win the car, not so much that it becomes a loss even if you win, but not so little that you don’t stand a chance. The key is to stick to the budget you decided during the third step with only the slightest flexibility. For example, if the market price of a used van is 80,000 rands, you set the max offer at 81,000 rands but the current bid is 81,101 rands, then you can bid 81,151 rands but do not exceed 82,000 rands at any cost. Sometimes a few extra rands can help you prevail but those few rands can add up to a huge sum beyond the automotive’s value. 100,000 rands would be too much in the above example.

By following this process you can get a very nice deal at We Buy Cars Cape Town and other such forums. If you still end up with a junk, you are legally guaranteed the right to have the car refunded, repaired or replaced by the seller within six months from purchase and can take up the matter to the court except under the conditions mentioned previously.



Important Guidelines To Keep In Mind Before Selling Your Business!

As a small business owner, one of the biggest decisions that you ever ever have to take is the decision to sell your company. You might be puzzled up with numerous questions such as how, to whom, and where you are going to sell your business. If you’re looking to expand your operations into new markets for business connexion, here are some important guidelines that can help you connect to different opportunities.

Ways To Go!

Sell Business
Sell Business

There is not one but two ways in business studies to opt for, in terms of selling your business. One is the most common which says, you can hire a broker to sell your business for you and as usual you are left with the last option which means you can try it out yourself. Although the easiest way to business for sale in cape  town is by hiring a broker as he will take care of creating the sales listing and advertising on the internet through their various brokerage networks. This will help to expose your sales listing to potential buyers who are likely qualified for purchasing your company.

If you want to gain profit all by yourself without giving any sort of percentage of commission to the broker, you can always choose the sell it yourself option.

Selling Ownership vs. Selling Assets!

Transfer Ownership
Transfer Ownership

Of course, there’s always two types of business sales where you can conduct, either an asset of sales or and ownership sale. If you choose an asset, this clearly means you are only selling the business not any ownership interest, whereas intangible asset will include everything including brand name, trademark or even the land.

The way in which you sell your business totally depends on the type of business entity you have and where the value of your business is located. For business entities, such as a partnership, limited liability company, and corporation, it could be either an ownership sale or an asset sale. The seller may not always want to set a specific sale type right away. They might just wait to discuss it with a potential buyer and see which one they would prefer to do in order to grow their business connexion.

Clearing The Basic Questions: Who Am I Selling To?

Buyer
Buyer

Well, this is the most common question which arises when you are on the go business for sale in cape town, this can be resolved by either selling your business to a third-party or someone within your area of network of an organization. Sometimes selling to a competitor is a highly effective option because they may purchase your business to expand their own operation which is like yours. If you can’t find third-party buyers or employees to sell your business, try contacting your competitors and see if they are interested in purchasing the same or not.

Selling it on a Public Marketplace:

Public Market Place
Public Marketplace

This means that posting up sales which results in listing onto websites which specializes saying “To-Let” or “Business For Sale”. If you own a physical, “brick and mortar” type of business, then you should definitely try listing on one of these websites.

Selling Your Business Online:

Selling Online
Selling Online

Reading and knowing well about the business studies, regardless of whatever website you wish to choose, be aware that many people out there are not brokers or sales agents. They are just selling to bring high-traffic on the platforms. It is your own responsibility to communicate with the potential buyers and answer to all their questions. Some of the websites will offer you additional tools which can help you throughout the sales process, such as legal templates tesand forms for the various contractual paperwork that you will be dealing with.




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