Can You Sell a Car With Only One Key? What You Need To Know

When selling a car, many details can impact its overall value and attractiveness to potential buyers. One often overlooked aspect is the number of keys that come with the vehicle. So, can you sell a car with only one key? 

The answer is yes, but it’s essential to understand how this might influence the transaction and the buyer’s perception. In this article, we will explore how the number of keys can affect the selling process, what to do if you only have one key, and whether it’s legal to sell a car with just one. 

How Many Sets of Keys Should You Sell With Your Car?

When selling a car, you would hand over two keys to the new owner. This is the standard most buyers expect when purchasing a vehicle.  One key is the primary set, while the other is a backup or spare key in case of emergencies.  

Selling a Car with 1 Key

It’s not uncommon for sellers to find themselves in a situation where they only have one key. Whether the other key was lost or damaged, having to sell a car with just one key is a reality for many. 

So, can you sell a car with only 1 key? Yes, you can. While having only one key is not ideal, and it might be one of the signs that you need a new car key, it doesn’t necessarily prevent you from selling your vehicle.  

However, it’s essential to understand that this can potentially lower the car’s value. Buyers may factor in the cost of getting a replacement key made, and this can sometimes be expensive, especially for modern cars with electronic or smart keys. 

Selling a Car with 2 Keys

Selling a car with two keys is the gold standard and often expected by buyers, particularly when the car is relatively new. Buyers want the convenience of having a spare key, and in many cases, they might even assume the vehicle comes with two as part of the deal.  

If you have two keys, this will likely make the sale more straightforward and potentially allow you to get a better price. Having two sets of keys is not just about convenience; it’s also a sign that the car has been well taken care of, as it suggests that nothing has been lost or mishandled over the years. 

Selling a Car with a Spare Key

If you’re selling a car with one primary key and a spare, this will still be seen as a positive by most buyers. A spare key, even if it’s a simpler version without all the electronic bells and whistles, is highly valuable.  

Buyers will appreciate knowing that they have a backup in case they misplace or lose the main key. This can also be an attractive selling point that distinguishes your car from others that might only have one key. 

What To Do If You Only Have One Car Key

If you find yourself in a situation where you only have one key to your vehicle, don’t panic. Though not ideal, there are steps you can take to address the issue before selling. 

Get a Spare Key

One of the most straightforward solutions is to get spare car keys made before listing your car for sale. While this might require a small investment on your part, it can help you avoid price negotiations centred around the fact that there’s only one key. Getting a spare key might increase the car’s value in the buyer’s eyes, making it a worthwhile investment. 

Depending on the car model and the type of key, the cost of making a spare key can range from inexpensive for older vehicles to quite pricey for newer models with smart key technology. Still, this is an option worth considering if you want to maximise your car’s value. 

Transparency with Buyers

When selling a car with only one key, it’s crucial to be upfront with potential buyers. While many may overlook the missing spare key, especially if the vehicle is in great condition, transparency builds trust.  

Security tips for car buyers recommend ensuring the car comes with a second key for added convenience and protection. For some buyers, the absence of a spare key might be seen as a disadvantage, so addressing this early in negotiations can help set the right expectations. 

Is It Illegal To Sell a Car with Only One Key?

A common question that arises in situations like these is, is it illegal to sell a car with only one key? The short answer is no, it is not illegal to sell a car with only one key. However, while it’s not illegal, it’s essential to be upfront about it to avoid any disputes later on. 

The buyer should be aware that they’re receiving only one key as part of the sale, so full disclosure is vital. If the buyer feels misled, they might attempt to renegotiate the price or back out of the deal entirely.  

FAQs

Does having one key devalue a car?

Yes, having only one key can slightly devalue a car. Buyers often view the lack of a second key as a potential inconvenience, as they may have to spend additional money to obtain a spare. For this reason, some buyers may offer a lower price if only one key is available. 

Should a used car have two keys?

Ideally, yes, a used car should come with two keys. Most manufacturers provide two keys when the car is first sold, and this is generally what buyers expect to receive when purchasing a used vehicle. However, selling a car with one key is not a deal breaker, as long as you inform the buyer ahead of time. 

Is it okay to buy a used car with one key? 

Yes, it’s perfectly okay to buy a used car with one key, provided you’re aware of the potential inconvenience and cost of obtaining a spare key. Some buyers may negotiate a lower price to account for the expense of getting an additional key made, but for many, it’s not a significant concern.