The importance of having two sets of keys when buying or selling a car
When buying or selling a car, the focus often falls on major aspects like price, mileage, or condition. While these are undoubtedly important, one often-overlooked yet significant detail is the number of keys included in the sale. New cars almost always come with two keys, but in the used car market, receiving only one key is surprisingly common. This small detail can have a larger impact than you might think, affecting convenience, security, and even the value of the vehicle.
Whether you’re buying or selling, understanding the implications of a single key and taking steps to address it can save you time, money, and frustration.
Why do many used cars only have one key?
It might seem strange that so many used cars are sold with only one key, but the explanation is straightforward: lost keys are incredibly common. Studies show that nearly half of UK drivers have misplaced their car keys at some point. Over the years of ownership, it’s not unusual for the spare key to be lost or forgotten about entirely.
In some cases, the spare key may have been damaged and never replaced, or it could simply have been misplaced and left behind when the car changed hands. Whatever the reason, a missing spare key often becomes the new owner’s problem when the car is resold.
The implications of having only one key
Reduced resale value and slower sales
For sellers, having only one key can make your car less appealing to potential buyers. Cars with a full set of keys are often perceived as more complete, secure, and convenient, while those with only one key may raise concerns or require the buyer to spend additional money on a replacement.
Think of it this way: selling a car with just one key is similar to selling a car with a minor but noticeable issue, such as a scratch or missing service records. Buyers may hesitate or try to negotiate a lower price. In some cases, they might even skip over your listing entirely in favour of a vehicle that comes with two keys.
If you’re selling your car, it’s worth considering having a duplicate key made before listing the vehicle for sale. While there’s an upfront cost, it could help you sell the car more quickly and for a higher price.
Inconvenience for buyers
For buyers, purchasing a car with only one key can be inconvenient. If the single key is lost or damaged, replacing it can be time-consuming and expensive. Some modern car keys include advanced technology like transponders or keyless entry systems, which can cost hundreds of pounds to replace.
Additionally, a missing key can cause logistical headaches. Imagine accidentally locking yourself out of your car with no spare key to fall back on. This scenario is easily avoidable if two keys are included in the sale.
Potential security risks
A missing key also raises security concerns. If the spare key isn’t accounted for, there’s always the possibility that someone else could still have access to your car. This is especially concerning if the previous owner doesn’t know what happened to the key or if it was stolen.
For peace of mind, it’s a good idea to have the car’s locks reprogrammed if you’re buying a vehicle with only one key. Sellers can also take this step to reassure buyers and enhance the car’s value.
Tips for buyers
Always check the keys
When purchasing a used car, always ask how many keys are included. Don’t just take the seller’s word for it—check both keys to ensure they work properly. If possible, ask the seller to confirm the number of keys in writing.
This simple step can help you avoid unexpected expenses down the line and give you greater confidence in your purchase.
Frequently asked questions
Do certified pre-owned (CPO) cars come with two keys?
Most certified pre-owned vehicles from authorised dealerships include two keys as part of the certification process. However, this isn’t guaranteed, especially when buying from independent dealers or unapproved specialists. Always confirm how many keys are included before completing the sale.
Can dealerships sell a car with only one key?
Yes, dealerships can legally sell a used car with only one key unless the sales agreement specifies otherwise. For new cars, two keys are standard. As a buyer, it’s essential to clarify this detail before signing any contracts.
What should I do if I bought a car with only one key?
If the seller promised two keys but only provided one, you may have grounds to request the missing key or compensation. However, this is only enforceable if the agreement explicitly stated that two keys would be included.
How much does a missing key affect a car’s value?
Services like Webuyanycar.com and similar platforms often deduct hundreds of pounds from their offers for cars with only one key. The exact reduction depends on the type of key and its complexity.
How much does it cost to replace a key?
The cost of a replacement key varies widely based on factors like the car’s make, model, and the type of key. Basic keys are usually cheaper, while advanced keys with transponders or keyless entry systems can be significantly more expensive. For an accurate quote, contact us today.
What to do if your keys have been stolen
If your car keys are stolen, it’s crucial to act quickly. Contact us immediately so we can deactivate the stolen keys and prevent unauthorised access to your vehicle. We can also help you reprogram your locks and provide replacement keys to ensure your car remains secure.
Don’t let missing keys slow you down
Whether you’re buying or selling a car, the number of keys included can make a big difference. For sellers, investing in a duplicate key can increase your car’s value and attract more buyers. For buyers, ensuring you receive two keys can save you from future headaches and expenses.
For all your car key needs, trust We’ve Got The Key to provide fast, reliable, and professional services. From duplicates to replacements and security solutions, we’ve got you covered.
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