Questions on selling a car- not an ad

[BELDsmom]

I have a few questions regarding selling a car. I would prefer to take it to a dealership, but I am unsure of whom to take it to. I’ve looked up the value on NADA, KBB and Edmunds.com and they are all pretty much the same, but what guidelines do the dealerships use to appraise vehicles? Come on car people help me out! Thanks

 

[DEEKAYPEE8569]

I have a few questions regarding selling a car. I would prefer to take it to a dealership, but I am unsure of whom to take it to. I’ve looked up the value on NADA, KBB and Edmunds.com and they are all pretty much the same, but what guidelines do the dealerships use to appraise vehicles? Come on car people help me out! Thanks

Are you trading a car in or selling it wholesale? If you're selling it, say, in a want ad or with a sign on the side of the road; look up the "Blue Book" on it; figure the depreciation for mileage, first then use the "reasonable man" mindset for wear and tear and figure how much you'd be willing to negotiate. If you're trading in, then whatever the dealership says they'll give you; they're not gonna go higher; and you would prob'ly be better off selling your car wholesale.

Don't go to a dealer to sell a car. Go to a dealer with a car to trade in, but don't bring that up right off the bat. Talk bottom line for the dealer's car FIRST. Iron out a bottom line; THEN tell him/her that you have a trade in.

That's how I was told to do all that.

 

[dustin]

i second the bottom line on the dealer's car first (for a trade-in). always work that end first. hold on to your aces.

if you are just looking to get rid of it i hear carmax will give you the best deal as far as dealerships go... but i've never personally tried them. expect to get less than trade-in blue book value. be conservative.

the used car market is stronger now that it has been. you might get more money for it selling it yourself. but it's less hassle to take it to carmax, etc.

 

[Chasey_Lane]

Dealerships will use both blue and black book to quote the value. Look up both yourself to get an idea before negotiating with the dealer.

 

[Baja28]

Nico buys cars. Sell Your Car MD | VA | Washington DC | Nico Buys Cars |

 

[ProfMoneyWise]

Read through the responses and get the impression you were looking to be pointed at a dealer(s) and that you had ruled out a private sale.

Enough posts here to show you that the dealer will not give you what you can get if you sell it yourself. No mystery, dealer has to get it ready to sell and they are in the game to make money also. Hence, they give you a lower price, pay to clean it up, put some profit on it and they come up with their price.

So if you did not want to private sell it and in lieu of any direct recommendations I would take it to a dealer who sells the same make, or someone who specializes in the used car trade (Tom Hodges comes to mind).

 

[mv_princess]

I reccommend CarMax....

No pressure, if you don't like the offer you walk away no questions asked.

 

[Toxick]

I have a few questions regarding selling a car. I would prefer to take it to a dealership, but I am unsure of whom to take it to. I’ve looked up the value on NADA, KBB and Edmunds.com and they are all pretty much the same, but what guidelines do the dealerships use to appraise vehicles? Come on car people help me out! Thanks

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Complainant: Toxick
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[LordStanley]

Nico buys cars. Sell Your Car MD | VA | Washington DC | Nico Buys Cars |

Baja, have you used them?

 

[SJSWING]

I have a few questions regarding selling a car. I would prefer to take it to a dealership, but I am unsure of whom to take it to. I’ve looked up the value on NADA, KBB and Edmunds.com and they are all pretty much the same, but what guidelines do the dealerships use to appraise vehicles? Come on car people help me out! Thanks

Like previous posters had stated, it all depends on how you are looking to see the car, or trade in. If you are looking to get "top dollar" than obviously you are going to want to sell the car out right.
If you are looking to get rid of the car quickly, than trade in would be the best option. Just be prepared, when a dealership gives you a quote on trade in value, there is a lot to be worried about.
Normally salesman can "hold back" some of the value from trade in; this will help them with profit on the car, resulting in more money in the salesman pocket. Also, car dealers are looking to make money as well. When they quote the price, as long as salesman is not "holding back"some of trade value, they are looking to make money. The used car managers normally go to auctions and know how much money they will receive for that trade in. If the vehicle does not meet the requirements for resale on their lot, they will take it to auction.

These are the ways the dealership I used to work for did it. Kind of crooked, but you have to think, they are in it to make money as well. If you are looking to sell out right, try ebay, they offer free classifieds to your local area, or you could always sell at auction on ebay. The fees are not bad, depending on what type of vehicle you have. If the vehicle sells for under $2000 they charge a final value fee of $60.00 plus listing fees, which could range from $2.00 to $40.00 Depending on what options you choose. If the vehicle sells for over $2000 they charge a final value fee of $120.00.

Hope this helps you out.

 

[Ray]

I sold an SUV to Carmax this winter and got $1,700 more than kbb said it was worth. Carmax evaluates your vehicle for about 30 minutes and makes you an offer that is good for 7 days.

 

[BELDsmom]

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Thanks so much Toxick!! What part of Not a AD don't you get! I just wanted some inputs on the best options and see if anyone a better idea than I did! And they did so thanks to everyone but you. GET A LIFE!

 

[Toxick]

Thanks so much Toxick!! What part of Not a AD don't you get! I just wanted some inputs on the best options and see if anyone a better idea than I did! And they did so thanks to everyone but you. GET A LIFE!

Psst... that was a joke. (I didn't really report the post... I was trying to make you laugh)

 

[BELDsmom]

Well sorry then
I've seen people on here get stupid!

 

[BELDsmom]

Psst... that was a joke. (I didn't really report the post... I was trying to make you laugh)

I hate Car buying/selling!! I'm a little stressed, sorry!

 

[Toxick]

I hate Car buying/selling!! I'm a little stressed, sorry!

Don't be sorry - we're cool.

 

[BELDsmom]

So if anyone cares I went to CARMAX and no only did I get a great offer (far beyond KBB) but I also got my hubby a truck he loves! Win win

cartwheeldye:​

 

[ProfMoneyWise]

So if anyone cares I went to CARMAX and no only did I get a great offer (far beyond KBB) but I also got my hubby a truck he loves! Win win

cartwheeldye:​

Very interested. This would be a departure from conventional wisdom of thinking you will get more by selling it yourself and using KBB.com's "Private Sale" number as a guide.

I don't think it will be prying to much to ask what the KBB.com Private Sale figure was and what Carmax gave so I'll ask.

If you don't care to respond no harm/no foul.