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Old 11-24-2015, 11:46 AM   #21
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We sold our car recently to a co-worker. I advertised it on a sales website at work, and had about 12 emails (we were asking a very reasonable price).

We eliminated several buyers right away b/c they asked too many picky questions and sounded like PITAs. As opposed to the folks who clearly wanted the car the moment they saw its photos.

The funniest question (to me) was: "And lastly, why are you selling the car?"

My response: "Why does anybody sell a car? We bought a new car, that's why."

Maybe they were just wanting to make sure your response wasn't..."Because it is breaking down all the time and we want a more reliable car".


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Old 11-24-2015, 12:01 PM   #22
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Maybe they were just wanting to make sure your response wasn't..."Because it is breaking down all the time and we want a more reliable car".


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So if that's the case, I guess the person answering the question would be oh-so-truthful, eh?

I agree, asking "why do want to sell it?" is fairly pointless. It's for sale. Do you want it? If not, move along.
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Old 11-24-2015, 12:13 PM   #23
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So if that's the case, I guess the person answering the question would be oh-so-truthful, eh?



I agree, asking "why do want to sell it?" is fairly pointless. It's for sale. Do you want it? If not, move along.

I sold a vehicle last year to a friend with this statement..."I haven't had any problems with it, but at 200,000 miles I am guessing they are coming soon thats why I am getting rid of it". He still bought it and it has worked out so far for him.
I buy used a lot from people and surprisingly they usually are honest if you ask specific questions. I remember about 15 years ago, I bought a car from a man. He said he thought it ran fine, but he hadn't ran it much for awhile. He wasn't lying, after I bought it, I noticed the last oil change sticker on door well. It was 3 years prior to purchase and only 50 miles had been put on it in those 3 years.


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Old 11-24-2015, 01:51 PM   #24
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I buy pretty much all my cars on Craigslist and usually keep them until they are only worth the metal price at the scrapyard.

We look for private sale buyers and always ask why they are selling it. Many people think to get rid of cars around 100k miles, and for us, that's a sweet spot for buying. Generally people are worse liars than you would imagine, or we've never bought a car from a legit psychopath who could lie easily.

Did get a lot of weirdos contacting us when we sold our old Airstream MH on craigslist this year, but got a gem of a young guy in the end, who we've offered permanent advice-giving on its quirks and oddities.
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Old 11-24-2015, 01:52 PM   #25
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A dealer is much more convenient way to replace a used car for a new one. However if you are willing to spend more time advertising (via Craig List) and showing it to potential buyers you will get more for your used car.
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Old 11-24-2015, 05:48 PM   #26
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I think the only time we've traded in a car was when we bought DW's Honda. The transmission on her 2003 Buick Century was going out at 173k miles and replacing it would cost about what the car was worth. So I figured telling potential buyers that the transmission was going would make it worth about $500, which is what the dealer offered. Without the transmission issue it would have then had a value of ~$2k.

In the past we've sold them to private buyers, or in one case we gave her old Oldsmobile that was having reliability issues to her nephew - they needed a replacement car quick at a very stretched time. It lasted long enough to allow them time to save the money for a decent used car.
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Old 11-24-2015, 05:59 PM   #27
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You could definitely make more with a private sale, more than trade-in but less than a dealer retail.

But we keep our cars until they're not worth much, so we trade to avoid the hassle of a private sale. A private sale might go well, but it might waste a lot of time too, bottom feeders, etc. But the main reason is I wouldn't do a private sale - I don't want a confrontation if something goes wrong with the car, even though I would never knowingly sell a car with any significant issue. At 7-10 years old, something major could always crop up. YMMV
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Old 11-24-2015, 06:14 PM   #28
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I sold 3 used cars on Craigslist.
It is no brainer and you will certainly get much better deal then from a dealer.

I must say all 3 of them were ran to the ground Hondas
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Old 11-24-2015, 06:36 PM   #29
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When I sold my car last spring, I did not want to deal with private buyers (too many flakes). I decided to sell to Carmax instead. The process was quick and I received a very decent offer. They took care of all the paperwork too. In under two hours, I had a check in my hand.
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Old 11-24-2015, 06:44 PM   #30
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When I sold my car last spring, I did not want to deal with private buyers (too many flakes). I decided to sell to Carmax instead. The process was quick and I received a very decent offer. They took care of all the paperwork too. In under two hours, I had a check in my hand.
I sold a 3 year old Maxima to CarMax and definitely got more than any dealer trade in. But when I went to sell my 7 year old Volvo to CarMax, their offer was really low, so I assumed they're trying to politely but strongly discourage sellers of older cars. Is that the general consensus? It would make sense that they probably want only 'late model' cars in their inventory.
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Old 11-24-2015, 06:52 PM   #31
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I sold a 3 year old Maxima to CarMax and definitely got more than any dealer trade in. But when I went to sell my 7 year old Volvo to CarMax, their offer was really low, so I assumed they're trying to politely but strongly discourage sellers of older cars. Is that the general consensus? It would make sense that they probably want only 'late model' cars in their inventory.
My car was 5 years old but with low mileage and in very good mechanical condition - though it had a big scratch on the front bumper. Looking at their lot, they did not seem to have many older models for sale, so you may be right.
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Old 11-24-2015, 08:21 PM   #32
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Interesting thread. I have a 2013 Prius V that is leased. Time coming up in the spring to turn it to the dealer and lease another one. The Prius is a great car, 26000 miles, had after market leather installed and it gets 41mpg . Leasing is just the way I like it. No hassle selling; however, I am wondering if the car is worth more than the payoff amount? It might be possible to sell it for more, like maybe $1000. Haven't checked this out yet but might do that next week.
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Old 11-24-2015, 08:48 PM   #33
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Did get a lot of weirdos contacting us when we sold our old Airstream MH on craigslist this year, but got a gem of a young guy in the end, who we've offered permanent advice-giving on its quirks and oddities.
You sold the Airstream? Where are you going to sleep at Floydfest?
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Old 11-24-2015, 09:03 PM   #34
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I sold a 3 year old Maxima to CarMax and definitely got more than any dealer trade in. But when I went to sell my 7 year old Volvo to CarMax, their offer was really low, so I assumed they're trying to politely but strongly discourage sellers of older cars. Is that the general consensus? It would make sense that they probably want only 'late model' cars in their inventory.
I sold a 15yr old 200k+ miles to them when I was buying a car from them. The price they gave was ok considering the car and it was a lot easier to get rid of it.

From what I understand, they don't put many of the "trade-ins" on the lot. They wholesale them off at other car auctions.
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Old 11-24-2015, 09:42 PM   #35
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I've never traded in because the dealers have always offered crappy prices. It's pretty easy.
- Advertise on Craigslist.
- Require cash for payment, but be willing to go to their bank with them to get cash/cashiers check drawn from their account.
- Make sure you file the appropriate paperwork showing you sold it. (In CA there's a downloadable form from the DMV site). This is important because if they don't register it in their name, parking tickets they rack up are on YOU. (Happened to a nephew.)
- If you're aa AAA member you can often do the registration paperwork at their- that way you know they are registering it in their name.
- If you have written maintenance records, that helps with the sale.

I keep my cars forever - but over the decades have sold 3 cars and 1 motorcycle. Plus helped nephew sell the car that had the sketchy buyer that didn't register it. (Learned from that.)

Like Rodi I have sold my last four cars via Craigslist and keeping a for sale sign in the window. It's really pretty easy. I let them see my well documented and complete maintenance records take a test drive ( if they steal it it's an instant sale via insurance coverage!) and then if they want it after the test drive and settling on a price I take a cash deposit of several hundred dollars, write up a sales contract ( simple one page) and they sign it. We meet at my credit union and bring a certified bank check which ai deposit right there at my credit union while they wait and the notary at the bank notarized the title after ai sign it and hand it to the new buyer. I take off my old plates, they put on their old plates (good for 30 days on any car transfer) or get a temp tag, and they drive off. The BUYER pays sales tax when they arrive to register the car title to NEW plates. I am DONE once the cashiers check hits my bank account.

I have sold half my cars to the first person who came to see it. It's over in less than an hour. I clear a lot more sales price this way. I figure for the time involved it like making $500 an hour. Seriously.

So my one suggestion that differs from Rodi is to have them arrive at YOUR bank with their banks certified bank check so it can be deposited and verified by your teller that it's cleared before your sign the title over to them in your savings institution's lobby. That's one step more foolproof.


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Old 11-25-2015, 08:45 AM   #36
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thanks for the info...very helpful. OP


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Like Rodi I have sold my last four cars via Craigslist and keeping a for sale sign in the window. It's really pretty easy. I let them see my well documented and complete maintenance records take a test drive ( if they steal it it's an instant sale via insurance coverage!) and then if they want it after the test drive and settling on a price I take a cash deposit of several hundred dollars, write up a sales contract ( simple one page) and they sign it. We meet at my credit union and bring a certified bank check which ai deposit right there at my credit union while they wait and the notary at the bank notarized the title after ai sign it and hand it to the new buyer. I take off my old plates, they put on their old plates (good for 30 days on any car transfer) or get a temp tag, and they drive off. The BUYER pays sales tax when they arrive to register the car title to NEW plates. I am DONE once the cashiers check hits my bank account.

I have sold half my cars to the first person who came to see it. It's over in less than an hour. I clear a lot more sales price this way. I figure for the time involved it like making $500 an hour. Seriously.

So my one suggestion that differs from Rodi is to have them arrive at YOUR bank with their banks certified bank check so it can be deposited and verified by your teller that it's cleared before your sign the title over to them in your savings institution's lobby. That's one step more foolproof.


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Old 11-25-2015, 09:03 AM   #37
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....So my one suggestion that differs from Rodi is to have them arrive at YOUR bank with their banks certified bank check so it can be deposited and verified by your teller that it's cleared before your sign the title over to them in your savings institution's lobby. That's one step more foolproof. ....
I just had them bring cash and deposited it to my bank account and then I signed the title. Even more foolproof I think.
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Old 11-25-2015, 09:26 AM   #38
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however, I am wondering if the car is worth more than the payoff amount? It might be possible to sell it for more, like maybe $1000. Haven't checked this out yet but might do that next week.
Normally not. Lease companies figure the car you already drive is worth more to you than to another potential buyer.

But it can be worth negotiating, it saves them handling costs. Just be sure to demonstrate willingness to walk away.
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Old 11-25-2015, 11:52 AM   #39
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I have sold a few cars and the 1 thing is I always keep my plate and I give them the title along with a bill of sale. They can then drive the car, at least in my state, until they get to the BMV.
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Old 11-25-2015, 02:44 PM   #40
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Interesting because technically in some states there is no grace period and in theory you are supposed to go to DMV and get the car registered before driving it. It is sort of a hurdle to discourage private sales and encourage dealer transactions. However, as a practical reality very few do and they just slap on a plate from another car or an old plate and take their chances.
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