But before we reveal the list of the most popular second-hand cars, let’s look at what factors determine the value of second-hand cars:
Colour
We see many different colour’s of cars on the road every day, but the one that makes up more than 24% of cars on the road are white, and in the second-hand market, this colour will net you the best prices when selling your car. The benefits of white paint, range from being the most visible colour, has the lowest maintenance requirements and it is harder to see any scratches and dents and even dirt on a white car.
The colours that follow closely are grey, silver, and black, but unfortunately the unforgiving South African sun will expose all those little impurities you don’t want noticed.
Body Shape and Style
The number one consideration for most South Africans is fuel economy. We want to squeeze every last bit of distance out of our fuel tanks. Knowing this, smaller cars will always be the number one choice for South Africans, and hatchbacks are the number one car in South Africa. Nevermind their visual appeal, their smaller size makes them the perfect car for economic performance as well as being easy to handle in the busy city districts we have in SA.
Secondly, for the families, Sedans come in a close second. Offering room for all the kids and their schoolbags, as well as being reasonably economic when it comes to fuel efficiency, it’s no wonder Sedans are so popular.
Finally, we have the big SUV’s. We normally encounter SUVs in the higher-income districts of the nation, as they are by far the most expensive to run when it comes to fuel and maintenance. The benefit though is space, lots of space. Bakkies also fall into this category of vehicles.
Resale Value
Resale value is determined by all the factors above. But most importantly cars that are economical and easy to maintain hold the highest resale value in SA. These cars get bought more easily and will generally swap owners a few times in their lifetime.
Brand and Model
People buy cars like they buy their clothes and their shoes: Only the best in the business gets trusted. Looking at the cars that are currently on the road, one could get the impression that there is only a limited number of brands in the country, but that is not the case at all! We have a huge number of cars in SA, we just keep on going back to all the same brands that we’ve come to trust over the years. These brands like Volkswagen and Ford, will always have higher resale values compared to brands like Tata or GWC.
The Top 10
Without any further ado, knowing what South Africans love and how cars are judged, here is the official top 10 most sold second-hand cars in 2020!
Looking at the list, we have 50% small and compact cars, 20% sedans and 30% SUV’s. The Ford Ranger came out trumps in the past year, with the VW Polo a close second. Can you see all the cars on this list on your way to your daily commute? We’re sure that you can.
Why should I know this?
Knowing what cars are valuable can help you make informed decisions when purchasing your next vehicle. It can also help you decide on offers when selling your car. Knowing which cars are more valuable and should get higher offers, will help protect you against dealers and buyers who want to take advantage.
Looking to sell you vehicle for the best price? You’re on the right website then! At We Buy Wheels we offer the best prices for your vehicles, guaranteed!
So, whether your looking to sell your running, non-running or accident-damaged vehicle, look no further than We Buy Wheels!
Fill in an online application or phone We Buy Wheels today to ensure you get the best value for your vehicle.”
After your application, our agents will contact you to arrange a viewing and visit you wherever you are and do an immediate payment for your vehicle.
Visit www.webuywheels.co.za or phone 012 012 5812 today!
We Buy Wheels, it’s never been this easy!
Produced by Joe Brand
https://www.linkedin.com/in/joe-brandza
Updated 18/05/2024 by Joe Brand
A Comprehensive Guide to Selling Your Car in South Africa: Factors, Methods, and Documentation
Selling a car in South Africa can be a daunting task, but armed with the right knowledge, it can be a smooth and rewarding experience. This guide provides a comprehensive overview of the factors influencing resale value, methods of selling, and essential documentation required for a successful transaction.
Factors Influencing Resale Value
Several key factors influence the resale value of a car in South Africa. Brand reputation, fuel efficiency, maintenance costs, and the popularity of certain models are crucial considerations for buyers and sellers alike. Trusted brands like Volkswagen, Toyota, and Ford often dominate the second-hand car market due to their reliability and lower maintenance costs.
Other factors such as color, body shape, and style also play a significant role. For instance, cars in white color tend to have a higher resale value due to their widespread popularity and practicality in South Africa’s climate. Similarly, smaller cars are favored for their fuel economy, while SUVs are sought after for their spaciousness and versatility. Understanding these preferences can help sellers position their vehicles more attractively in the market.
Methods of Selling
Understanding the various methods of selling a car is essential for sellers. There are several approaches to consider:
1. Selling Privately: This method can potentially yield the highest return as there are no intermediaries. However, it requires more effort in terms of advertising, meeting potential buyers, and handling negotiations.
2. Selling to a Dealership: Dealerships like We Buy Wheels offer a convenient option for sellers. This method is straightforward, quick, and reduces the hassle of dealing with multiple buyers. The dealership handles the paperwork, and sellers receive a fair price based on the car’s market value and condition.
3. Trading In: This involves exchanging your old car as part of the payment for a new car. While this might not provide the highest price, it simplifies the process significantly.
4. Selling at Auction: This method can be suitable for quick sales but comes with the risk of lower returns if there is low demand during the auction.
Each method has its pros and cons, and the best choice depends on the seller’s priorities, such as convenience, price, and time.
Documentation Required for Selling
Ensuring proper documentation is crucial for a successful car sale and protects both the buyer and the seller. The necessary paperwork includes:
– Proof of Ownership: This confirms that you are the legal owner of the vehicle.
– Identification: Both the buyer and the seller need to provide valid identification.
– Settlement Letter: If the car is financed, a settlement letter from the financial institution is required.
– Notification of Change of Ownership: This document, submitted to the relevant authorities, ensures the transfer of ownership is
legally recognized.
– Vehicle Registration Certificate: This certificate is needed to prove that the vehicle is registered.
– Proof of Sale: A sales agreement outlining the terms of the sale.
– Roadworthy Certificate: Required in some cases to ensure the vehicle meets safety standards.
– Service History/Receipts: Documenting the car’s maintenance history can reassure buyers about the vehicle’s condition.
Having these documents ready can expedite the selling process and provide transparency and confidence to potential buyers.
Selling a car in South Africa involves navigating various factors, methods, and documentation requirements. By understanding the key elements that influence resale value, exploring different selling methods, and ensuring all necessary documentation is in order, sellers can make informed decisions to ensure a smooth and successful transaction. Whether opting for a private sale, selling to a dealership, trading in, or auctioning the car, being well-informed is key to achieving the best outcome.
Visit www.webuywheels.co.za or phone 012 012 5812 today!
We Buy Wheels, it’s never been this easy!