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weeble
LIF Zygote
Member since 4/07 46 total posts
Name:
Marie
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Buying a New Car- Do you Trade in your old one or do a private sale?
Hi everyone....
A question for you-
I have to get a new car in the next few weeks. I own my current car (just under 4 years old, low mileage, great condition).
I'm debating whether I should bother trying to do a private sale for the car or just trade it in.
Things to note:
1. I'm 4 1/2 months pregnant. I'm certainly mobile enough right now, but part of me just doesn't want to deal with a private sale as I get bigger and have to take people for test drives, etc.
2. However I am aware that a private sale would get me more $$ (about $2K more from what I can tell). The car I want is about $26K and my car is worth between $13K and $15K depending upon how I sell it.
Does anyone have any thoughts either way? I've done private sales on prior cars, so I know the drill. Perhaps I'm just being pregnant and lazy?
Opinions needed and appreciated!
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Posted 5/18/07 1:49 PM  |
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alnem
This is gonna be a good year!
Member since 2/06 9562 total posts
Name:
Emily
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
i would do a private sale. you'll always get more on the street than you would at a dealer.
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| Posted 5/18/07 1:51 PM |
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curliegirl
He's here!!!!
Member since 3/06 10128 total posts
Name:
Gina
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
Posted by alnem
i would do a private sale. you'll always get more on the street than you would at a dealer.
I agree, however....
It is very difficult and time consuming to try to sell privately.
I sold my car privately and don't think I would ever do it again. It was very time consuming and although I got a really good price, it was pretty stressful.
The buyer was a pain in the butt and called me after the sale to complain about the car after he barely looked at it presale.
Try to sell it privately for a while, and if it doesn't work out, trade it in. You'll lose $$ but you'll save your sanity.
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| Posted 5/18/07 2:04 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
we tried to sell our pathfinder ourselves- it was not worth it
people really don't buy used cars over a certain price IMO this way anymore
we ended up trading it in and saving on the tax
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| Posted 5/18/07 2:08 PM |
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Boobobunny
Live in the Present
Member since 5/05 3572 total posts
Name:
Dannielle
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
we sell our old cars privtely...you make out so much better usually.
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| Posted 5/18/07 2:08 PM |
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weeble
LIF Zygote
Member since 4/07 46 total posts
Name:
Marie
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
Posted by Beth1210
we tried to sell our pathfinder ourselves- it was not worth it
people really don't buy used cars over a certain price IMO this way anymore
we ended up trading it in and saving on the tax
Interesting point- I hadn't thought about the fact that if it's worth that much as is, would more people just want to put that money towards a new car rather than buying an older one. It's not like this is a $5K bargain....
Hmmmm- great feedback, ladies. I really appreciate it!
Just more to think about...
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| Posted 5/18/07 2:16 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
Posted by weeble
Interesting point- I hadn't thought about the fact that if it's worth that much as is, would more people just want to put that money towards a new car rather than buying an older one. It's not like this is a $5K bargain....
Hmmmm- great feedback, ladies. I really appreciate it!
Just more to think about...
we had a 2003 Pathfinder- personally I wouldn't pay $13K for someone elses problem- I would put $3K down on a new car
they make it so easy to buy a new car these days
the dealer ended up giving us $1K more then we owed- plus we saved on the tax- so we were happy and my DH got the car he wanted
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| Posted 5/18/07 2:21 PM |
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babymakes3
Almost there!
Member since 7/06 7376 total posts
Name:
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
We've sold three cars in the past 1.5 years in less than a week.
Try selling it on your own. I'm sure you'll get a bite soon.
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| Posted 5/18/07 2:27 PM |
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BlueDiamonds
mommy to 3 boys
Member since 2/07 3885 total posts
Name:
proud mommy
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
I always sell my cars privately, but they are usually not worth $13K at that point. It is true that it might be difficult to sell but I would give it a shot for a few weeks. If nothing happens, just trade it in.
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| Posted 5/18/07 2:50 PM |
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TheWhiteRabbit
Thru the rabbit hole!
Member since 7/06 4412 total posts
Name:
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
Message edited 9/17/2013 1:14:05 PM.
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| Posted 5/18/07 2:56 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
put it on craigs list- it's free- that's what we did- we had a lot of interest - but in the end- most people told us they decided to go with a new car
I think there is a price that people don't generally go over on a private sale - I would say it's around $5K
it's usually not worth it to get a used car loan b/c the rates are so high compared to a new car
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| Posted 5/18/07 2:56 PM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
My DH is a dealer. He always tell people to sell privately... The trade-in value is always lower because they need to service the car, clean it up and certify it before selling again, thus lowering the price.
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| Posted 5/18/07 3:01 PM |
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weeble
LIF Zygote
Member since 4/07 46 total posts
Name:
Marie
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Re: Buying a New Car- Do you Trade in your old one or do a private sale?
Posted by KittyTheStray
I JUST went through this last week! It was a tough decision. I bought a new car and I did a TRADE of my old for a few reasons:
1. the sales tax savings sometimes makes up for the slightly less money
2. it's a bargaining tool with the dealer – I actually got what I wanted
3. NO HASSLE
May I ask how you used it as a bargaining tool? I mean, I get in theory how it can be one, but what did you say?
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| Posted 5/18/07 3:53 PM |
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