If you are looking for an alternative to Autotrader.co.uk, Craigslist, Motors.co.uk or similar, Gumtree could be just what you are looking for. Gumtree is the largest classified site in the UK, offering furniture, jobs, rooms to rent and other services. But the site is also one of the largest private motor markets in the UK.
Gumtree also offers other car related categories like car parts accessories so you’ll find lots more car related stuff. It’s the wide range of cars and other car related listings that makes such a good car flipping opportunity.
Unlike a lot of the other car selling sites, you can normally get a private car listing on Gumtree for free. with various additional paid services as found on other similar sites. So it may help you shift that car that’s stuck.
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How to find and flip cars on Gumtree
You can use Gumtree for both selling and sourcing cars.
Let me give you an example.
I bought this Ford KA on Craigslist Last year. The car was poorly photographed and the advert didn’t mentioned the mileage or year, but the advert described the car as being in good condition. The car looked good value so I decided to call the seller. It turned out the car had low mileage and good service history, so I arranged to view it. When I turned up the car was actually in really good condition. The owner had just not cleaned the car before taking the photographs and knew almost nothing about cars. I negotiated the pice down a bit and bought it on the spot. A few days later I had cleaned the car taken some good photos and had the car backup for sale. It sold the next day and I made a good profit for only a few hours work.
You wont find these opportunities every day but they are there if you take the time to look. So using the same tactics on Gumtree could see good profits.
So here’s what you need to do to flip a car on Gumtree.
- Find your flip Spend a little time searching Gumtree until you have an idea of what you want to buy. You can flip any kind of car but I always advice sticking to small cars with low running costs and insurance, retailing between two and three thousand pounds.
- Determine the Value Once you’ve found an underpriced car, Research the values of similar cars carefully. You can search on Autotrader or use a car buyers guide to figure out a retail value. If the retail pice is much higher than the posted price, then you may have found your car.
- Negotiating a good price Even if the item is well priced there is aways a little room for movement. So you can probably get an even better deal.
- Adding value This step is always necessary. Some cars can be in very good condition, but a good pro valet can add a huge value. You should do any small smart repairs the car needs, and replace worn mats etc. Good photographs can go really help increasing a cars worth.
- Post It—Now you just post the item back to Gumtree.
How to list a car on Gumtree
Posting a car to Gumtree is pretty simple. You can do this via your computer or phone, they also have a useful app.
Assuming the car is road registered you simply enter the registration and the car details are added automatically. You can then add up to 9 pictures. If you need help on learning to photograph a car properly you can find a quick guide I’ve written – How to photograph a car with a smartphone. Then you are asked to ad a title and add a description on the car listing the options etc. Again if you want to learn how to write a perfect car advert you can find my guide – How to create an effective used car advert . Then you are asked to enter a price and choose wether you want to be contacted via phone, email or both. I recommend via phone it keeps the questions to minimum and I find you get less time wasters.
Gumtree then offers you the option posting your car for free or paying for extras. The options to list a car are –
Urgent – lets people know you want to sell quickly.
Featured – lets your advert appear at the top of the category for a set number of days.
Spotlight – allows you’re advert to appear on the Gumtree homepage.
You also have the option to pay for a link to a website and connect a Youtube video.
Viewings, payment and paperwork
I only except bank transfer and would advice you to do the same. Its simple effective and there really is no reason to accept any other form of payment.
Once the car is sold, you still have a few things to do. Its important to put the deal down in writing and include the following details:
1. The date
3. Make and model
4. Registration number
5. Vin number
6. The names and addresses of the buyer and seller
Make two copies – one for you and one for the buyer – and make sure all parties sign both receipts. You then fill in the tear-off at the bottom of the V5C registration document and send it to the DVLA. Give the top part of the V5C to the new owner.
I deploy this simple strategy across lots of different websites and it can be really successful. I think Gumtree is a bit of a sleeper in the car flipping world. It may not be the best or the most obvious option.