? about Selling Cars

Re: ? about Selling Cars

• iHeartHimMore

  September 2011

  I think you generally will get less money for a trade in.  But it may be worth it to save the extra hassle of trying to sell it yourself.  There are sites that will give you an ballpark figure for trade in vs. resale.  I think I might have seen that feature on the Kelley Blue Book site (www.kbb.com).  Vehix might do it too. 

  
  
  
  
  
  
  
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• dawnies79

  September 2011

  iHeartHimMore:

  I think you generally will get less money for a trade in.  But it may be worth it to save the extra hassle of trying to sell it yourself.  There are sites that will give you an ballpark figure for trade in vs. resale.  I think I might have seen that feature on the Kelley Blue Book site (www.kbb.com).  Vehix might do it too. 

  When I bought my car last Summer the dealership told me KBB is not accurate and the dealerships don't use it. I was surprised because it's the only one I've ever heard of. He told me most dealerships use www.nadaguides.com because it targets your state/region specifically.

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  EDD: September 22, 2012

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• karebear219

  September 2011

  Almost always you get more $$ if you sell it privately, but like PP said you have to deal with the hassel. Another plus to trading it in is that you are also only charged sales tax on the price of the new vehicle less the trade. So if you have a trade that is worth a decent amount of money it might be worth trading it in vs selling it privately. You could always shop it around to some dealerships first to see what you can get for a trade and then decide what to do.

   

  
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• BriAndSean

  September 2011

  We've traded in both of our cars this month. DH thought about selling privately, but with the tax advantage to trading in, it ended up being worth it to go that route. Not to mention, it's much easier. Check kbb and nada so that you know what a fair price for trade-in is and then go in and negotiate. If they don't make it worth your while, you can always walk and sell privately.

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• theresab

  September 2011

  karebear219:

  Almost always you get more $$ if you sell it privately, but like PP said you have to deal with the hassel. Another plus to trading it in is that you are also only charged sales tax on the price of the new vehicle less the trade. So if you have a trade that is worth a decent amount of money it might be worth trading it in vs selling it privately. You could always shop it around to some dealerships first to see what you can get for a trade and then decide what to do.

   

  The tax isn't going to be an issue if you are selling / buying in Oregon.  Unless there is some Oregon vehicle tax I don't know of.

  

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• JessieJH member

  September 2011

  I have always sold mine privately and have made thousands more on the sale then what dealers were willing to give me for a trade it. It ALWAYS out-did what I would have saved on taxes (tradeins will reduce the taxable amount you pay when you get your tabs). So- if you're comfortable doing a private deal I'd reccomend it. That said a trade-in is about as convenient as can be if you don't mind the difference in $$.

  I usually start by looking at what cars like mine are going for- you can do this by searching for your year and model on craigslist in your area and even in Autotrader.com (just expand the area of the search). Auto-trader is good because you can look at your car and even similar options and mileage.

  Also- read a bit online about how to do the sale (the sale agreement, paperwork to send in so that the sale is recorded, etc).

  Good luck with your car sale.

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