Selling a car - best place to start? | TigerDroppings.com

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TheOcean
Florida State Fan
Member since Aug 2004
30844 posts
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Selling a car - best place to start?



Going to bite the bullet and sell my baby. Want to avoid as much debt as possible.

The KBB for the car is ~26k. Purchased for 33k and have 18k left in payments (at 2%).

It's a 2012. This will be my first time selling a car. Should I FSBO or go to a dealership?



This post was edited on 1/19 at 8:38 am



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TyOconner
Troy Fan
NOLA
Member since Nov 2009
10172 posts

re: Selling a car - best place to start?


quote:

FSBO


You get more money but you have to worry about getting to the dealership or wherever to get another car(possible rental) and its more of a PITA.

quote:

dealership


Will give you less but you leave your car there and drive out in what you buy. Lot less crap to deal with.

It all depends on your situation and you have to weigh out the pros and cons.






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reb13
Ole Miss Fan
Oxford, MS
Member since May 2010
10089 posts

re: Selling a car - best place to start?


Best place to start is at car max, they will give you a quote good for two weeks. If it is good enough for you sell it to them, if not FSBO.





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LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
817 posts

re: Selling a car - best place to start?


quote:

Best place to start is at car max, they will give you a quote good for two weeks. If it is good enough for you sell it to them, if not FSBO.

Carmax. It will prob be a little low, but it's a great reference number. If its what you're expecting, and worth the savings in trouble, take it.

Dealers will def try to lowball trades, but it if you're not great at dealing with dealers, it's another negotiating point. They do make it easy, and you have the ability to save taxes on the new vehicle.

FSBO is best, but the most hassle. You'll get the most, and if you do the paperwork at the dealer you're getting your new car, you can still save the taxes. I sold my truck on CL, but it's a bit of a pain and you have to be careful.






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bryso
Clemson Fan
The Real Death Valley
Member since Dec 2006
27087 posts

re: Selling a car - best place to start?


What are you going to replace it with? IMO it migt be a bad idea to sell a one year old car that you owe 18k on and should last you 10+ years.. to buy a how many ever year old car for 5-10k that might give you trouble down the road.

Unless this is a 2nd car or you truly can't afford the pmts I might would reconsider.






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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
961 posts

re: Selling a car - best place to start?


When evaluating a trade on a new car Figure in a reduction in your cost of sales tax when you deduct the value of your trade. This could be a player as it is less hassle to just trade it in but you usually won't get as much as a private sale. The Sales tax reduction could make the decision come closer to a wash with less hassle.





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ynlvr
LSU Fan
Baton Rouge
Member since Feb 2009
961 posts

re: Selling a car - best place to start?


If not trading up, FSBO.





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