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SVTPerformance's Chain of Restaurants
Road Side Pub
Taking a bath on a dealer trade in.
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<blockquote data-quote="D1984" data-source="post: 15670931" data-attributes="member: 170122"><p>It's a convenience thing for most people, and sometimes you can get almost as much on trade as a private sale.</p><p></p><p>Some scenarios to consider in selling a car on craigslist, provided you avoid the obvious dangers such as nigerian scammers and having people come to your house. This is after you go through the effort of taking a bunch of pictures and making an ad, fielding phone calls, scheduling test drives, etc. so we are talking about the step where you actually have somebody who agrees to meet</p><p></p><p>- Person test drives car, causes mechanical damage and/or wrecks the car</p><p>- Person test drives it, kidnaps you and/or robs you (very real danger especially for females)</p><p>- Person pays with fake cashiers check, or counterfeit cash</p><p>- Person simple is just there to kick tires or doesn't even show up and wastes your time, the most common scenario of course</p><p>- Person buys the car, gets in wreck before title is transferred or anything is submitted to DMV. Or worse yet gets injured and then sues YOU</p><p>- Person buys the car, experiences mechanical failure later on down the road and tries to blame you for not telling them or accuses you of improperly maintain the vehicle</p><p></p><p>If you trade it in to a dealer you get:</p><p></p><p>- Guaranteed money or value for your vehicle</p><p>- The convenience of selling your old car and buying your new car in a single transaction in one place without having to go to the DMV to transfer ownership (at most dealers)</p><p>- Being completely absolved of any responsibility the minute you sign that contract</p><p>- Not having to do a smog check (in CA anyways, not sure about other states)</p><p>- Extra rebates in rare cases with some manufacturers</p><p></p><p>You CAN negotiate the trade-in value at a dealer. Usually there isn't a $10k difference in value between the MOST a dealer will pay and what you will get private party, unless it's an expensive vehicle. Expensive vehicles are much harder to sell on craigslist too, so there's that.</p><p></p><p>Yes, I sell cars for a living, so I take in trades all the time and I'm a little biased. But it's really just common sense. There are many times where I'll tell a customer not to trade their car and sell it on their own (old cars that I can only pay a couple hundred bucks for when it's worth $2000 or more on the street) and they will come right out and tell me I can have it for FREE because they don't want to deal with the hassle of selling it or even donating it</p></blockquote><p></p>
[QUOTE="D1984, post: 15670931, member: 170122"] It's a convenience thing for most people, and sometimes you can get almost as much on trade as a private sale. Some scenarios to consider in selling a car on craigslist, provided you avoid the obvious dangers such as nigerian scammers and having people come to your house. This is after you go through the effort of taking a bunch of pictures and making an ad, fielding phone calls, scheduling test drives, etc. so we are talking about the step where you actually have somebody who agrees to meet - Person test drives car, causes mechanical damage and/or wrecks the car - Person test drives it, kidnaps you and/or robs you (very real danger especially for females) - Person pays with fake cashiers check, or counterfeit cash - Person simple is just there to kick tires or doesn't even show up and wastes your time, the most common scenario of course - Person buys the car, gets in wreck before title is transferred or anything is submitted to DMV. Or worse yet gets injured and then sues YOU - Person buys the car, experiences mechanical failure later on down the road and tries to blame you for not telling them or accuses you of improperly maintain the vehicle If you trade it in to a dealer you get: - Guaranteed money or value for your vehicle - The convenience of selling your old car and buying your new car in a single transaction in one place without having to go to the DMV to transfer ownership (at most dealers) - Being completely absolved of any responsibility the minute you sign that contract - Not having to do a smog check (in CA anyways, not sure about other states) - Extra rebates in rare cases with some manufacturers You CAN negotiate the trade-in value at a dealer. Usually there isn't a $10k difference in value between the MOST a dealer will pay and what you will get private party, unless it's an expensive vehicle. Expensive vehicles are much harder to sell on craigslist too, so there's that. Yes, I sell cars for a living, so I take in trades all the time and I'm a little biased. But it's really just common sense. There are many times where I'll tell a customer not to trade their car and sell it on their own (old cars that I can only pay a couple hundred bucks for when it's worth $2000 or more on the street) and they will come right out and tell me I can have it for FREE because they don't want to deal with the hassle of selling it or even donating it [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Taking a bath on a dealer trade in.
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