Should I sell my Volvo privately?

Should I sell my Volvo privately?

Hi. I have been told that my car is worth 7k on a trade in. I am the 2nd owner. It’s a Volvo v70 2011 with 195000 on the clock. Am I likely to get any more than 7 if I try & sell it privately? Thanks. C.

Our answer:

Hi Catherine,

You will always get more selling privately than you will on a trade-in, that’s just the nature of the deal – have a read of this piece to see why, but in essence the reason a trade-in value is less than market is because you’re paying for the convenience; you get rid of your old car the instant you buy a new (or newer) one, without all the hassle of having to sell it privately and/or having ownership of two cars at once on an overlap.

In reality, from a €7,000 trade-in valuation, you’ll be looking at around €10,000 as a maximum if you sell it privately. As an example, V70s are not common on the second-hand market any more and a 2014 car (three years newer) with around 125,000km (much lower mileage) would likely be in the ballpark of €16,000.

Shane O'Donoghue

Have a motoring question? Ask us here!

Ask us anything motoring related and please provide as much information as possible so we can give you the most accurate advice.

For more information please read our privacy policy.