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We Buy Wheels Blog

Selling your car in South Africa - (July 2021)

The memories a person makes with their car over a lifetime is priceless. Your first kiss, your first movie or even your first handbrake turn after having a few too many with the boys. Unfortunately, a car does not last forever, and there comes a time in every person’s life when it is time to swap your car for some new wheels, and it can be quite an intimidating process.

A lot of people have bought a car before. Whether it was your first car when you turned 18 or that dream 5.0-liter V8 you bought later in life. But not a lot of people have sold a car before. First off, there are four main ways of selling your car: The first is to sell your car privately, meaning being in control from the start, choosing a buyer, and ensuring that you are the sole decision maker through every part of the deal. The second way is selling to a dealership like We Buy Wheels. This method of selling is by far the easiest and the ensures that you find a good price for your car. They will often come to you and ensure that the deal gets done quickly and that all the necessary paperwork gets done correctly. The third option you have is by doing a trade-in on your vehicle. This allows you to essentially swap your car for another vehicle, but you will not really know how much you were offered for your car. And the last way of selling your car will be through an auction. This is by far the riskiest way of selling, as you have absolutely no control on the price you will get for your car, and most of the buyers at these auctions are buyers for dealerships anyways.

It is advised that you research each method of selling your car, as they all have their own benefits and disadvantages. From the price you can get, to the amount of paperwork and legalities that you need to consider.

One thing that remains the same for all these transactions though is the documentation that you require when selling. These 8 documents listed below will always be required when selling your car, and without them you expose yourself to fraudsters and legal trouble down the line:

  • Identification and copy of both buyer and seller: Make sure that both parties present accurate identification and make a copy of the identification of the person you are selling to.
  • Proof of ownership certificate: You cannot sell it if you do not own it, otherwise it’s called stealing. Present your documents acknowledging that you are the rightful owner of the vehicle.
  • A settlement letter: This letter is only required if you still owe money on your car. It can be obtained from the bank/institution that you get your financing from.
  • Notification of change of ownership: This is particularly important, as it will indicate that the vehicle is not registered in your name anymore, which will protect you in future from any fines or accidents that the vehicle may be in.
  • Vehicle registration certificate: Every vehicle that drives on the road in South Africa needs to be registered. Never sell or buy your vehicle without these documents.
  • Proof of sale: This document is especially important if there should be any disputes that arise regarding the sale of a vehicle and can protect you from any unwanted legal issues.
  • Roadworthy certificate: If you are selling your car and advertising it as roadworthy, this document certifies that the vehicle is safe for use on the road.
  • Service history and receipts: These documents can increase the value of your vehicle, as they showcase how the car has been looked after and kept in running conditions. By keeping track of these documents, you will ensure that the car gets the best price possible when you are looking to sell.

*read the Autotrader article here for more info on the documentation required
This article should serve you as a basic guide when looking to sell your vehicle, but bear in mind that many of these requirements might change based on what you are looking to sell. For example, here at We Buy Wheels, we also buy non-runners so a lot of the documents might not be necessary i.e. The roadworthy certificate. So, if you’ve made the decision to sell, at We Buy Wheels the process is extremely simple. One of our friendly buyers will come right to your doorstep, inspect the vehicle, make an offer, and pay you on the spot for the car. Its as easy as that! If you are ready to sell your car today, visit the We Buy Wheels page and get paid today.

Where we started - (May 2021)

Our founding member started following his passion for vehicles in 1994. Working as a part time Entrepreneur and a full time car enthusiast. In the spare time he had, he would buy non running vehicles and rebuild and restore them from the ground up. In 2006 he shifted his attention to vehicles full time, working with his son who was still a high school student at the time .They started handing out flyers and advertising on street lamps and working off other dealer’s floors. With the majority of the vehicles bought from vehicle Auctions and a small portion from the public.

In 2014 the father and son duo bought their first floor in Zambezi drive Montana. With a staff of only 4 people, they had now shifted their focus from auction vehicles to solely servicing the public, times were tough with a very small client base as they were relatively unknown. In 2016 they made the We Buy Wheels name known, advertising on their 1st radio station, and a small online presence. Fast forward to 2020 with multiple radio stations, billboards, a huge online presence and thousands of happy clients they are now a force to be reckoned with as one of the top buying services in Gauteng and Northwest province. They are second to none when it comes to client service, speed and quality. With the next few years looking brighter than ever with branches planned in Cape Town, KZN, Free-state and Mpumalanga, we aim to be the top buying company in South Africa .WATCH THE SPACE !!

Our process when we buy Cars.

  • You complete a short application form online at www.webuywheels.co.za
  • Within an hour we send you range offer with our minimum and maximum offer subject to viewing the vehicle, prices may differ on our minimum and maximum should some of the details on the vehicle be incorrect, such as year model mileage and variant.
  • Should you accept the range offer we send you, the next step is to set up an appointment with one of our experienced buyers.
  • They then in turn come out and do a final evaluation on your vehicle and give you the best possible market related offer.
  • Should you accept the offer the next steps will follow.
  • When we buy cars, before we leave the money for the purchase of your car will be in your account and available immediately.
  • When we buy cars, we immediately send you an email with an invoice as proof of the purchase.
  • We are also responsible for the change of ownership after buying your car, and this process takes 3-5 working days.
  • Documents that we require when we buy cars :
    • Original ID or copy of the owner of the vehicle
    • Original Natis (Rc1) document
    • Proof of residence.
  • If the vehicle is still under finance we will need the following additional documentation
    • Settlement letter from the bank
    • Natis COPY , and the above mentioned documents
  • When we buy cars that still have an outstanding balance with the bank the next steps follow.
    • We settle the outstanding amount with the bank and provide you with proof of the payment.
    • Should there be a surplus we pay the outstanding into your account.
    • Should there be a shortfall you pay the shortfall to our account and we settle the vehicle in full.
    • If you prefer to pay the shortfall yourself, you are then responsible to provide us with an updated settlement .We will then pay the agreed upon price after we received updated documents and send the proof.

FAQS

  • How long does the process take to sell my car?
    • Roughly 15-25 minutes
  • Is the money available immediately?
    • Yes , we pay from all the Major banks to ensure that the money is available immediately
  • How long does the change of ownership take
    • 3-5 working days
  • Is the sale voetstoots.
    • Yes this is why we do a evaluation before purchasing the vehicle.
  • Should I not be happy with the offer am I under any obligation to sell my vehicle?
    • No we offer a Free no obligation evaluation
  • When can I cancel my insurance?
    • Soon as the money reflects in your account you can cancel your insurance on the vehicle as all our buyers are covered under We Buy Wheels insurance.

We take the hassle out of selling your car, plus the benefit of immediate payment.

SELL YOUR CAR