Sell privately or Trade it?

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May 22, 2009 | 06:03 PM

#11

gofast182

Joined: Jan 2009

Posts: 3,699

Likes: 3

From: NJ Shore

Quote:

Originally Posted by phatjoe,May 22 2009, 02:25 PM

Honestly, I'm surprised a dealer offered you $21k on a 2007. Nothing against the car, with only 8k it's like new

I'm just use to dealers really low balling on trade-ins.

I'd recommend trying to sell it privately. It can't hurt to list it on autotrader or ebay. In the last 2-3 yrs I've listed many cars (e.g., Audi TT, A3, 328i, Scion xB, etc) on autotrader/ebay with great success.

Even if you were to get $22k for it privately, that's still $1k more than the trade in value.

Heck, post some pics here

Definitely... 21k is HUGE from a dealer. I'm surprised they didn't try to come in around 18k. You won't do too much better privately. I got my S from a private seller, 2006, 7600 miles, Berlina Black, $20,650.

But one poster made the key point. Take your negative equity, whatever your DP needs to be and its a year minimum before you see so much as a single dime of aggregate savings.

May 22, 2009 | 06:09 PM

#12

zzziippyyy

Joined: Mar 2005

Posts: 78,840

Likes: 7

From: On yo puter screen

what are you trading it in towards?

May 22, 2009 | 07:26 PM

#13

Artric

Registered User

Joined: Feb 2009

Posts: 692

Likes: 1

From: Deltona, FL

Try reading above. Civic.

May 23, 2009 | 06:03 AM

#14

Jay2000

Joined: May 2002

Posts: 2,548

Likes: 0

From: North Carolina

Be careful about thinking about trade in tax relief. It is a lease therefore he does not own it and will not get tax relief, at least in Pa, check your local state taxes.

May 23, 2009 | 06:19 AM

#15

zzziippyyy

Joined: Mar 2005

Posts: 78,840

Likes: 7

From: On yo puter screen

Quote:

Originally Posted by Artric,May 22 2009, 11:26 PM

Try reading above. Civic.

missed that, thanks

OP thats a sweet offer from the dealer. Take it, it beats the hassle and work of private sale

May 23, 2009 | 12:50 PM

#16

tof

Joined: Apr 2007

Posts: 16,330

Likes: 2,604

From: Long Beach, MS

Try swaplease.com. You might be able to get someone to just take over the lease and you'd be in a position to bargain for a "clean deal" (no trade-in) on your new vehicle.