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Old 05-22-2012, 09:47 AM
 
634 posts, read 2,222,131 times
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Default Where to sell the car?

I drive a Nissam Altima 2000 with 101K. If I want to sell this car what are my options? Do usually people sell the car by them self or they use the services of some companies to sell the car?
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Old 05-22-2012, 09:51 AM
 
Location: San Antonio, TX USA
2,826 posts, read 2,678,328 times
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You will get the most money if you sell it your self. Try craigslist, autotrader, cars.com. Carmax also buys cars, but with a car with that many miles I would be shocked if they offered anything close to what its worth
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Old 05-22-2012, 09:55 AM
 
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Thanks! The KBB price for my car is $4,387. The condition is good since it requires a paint job. I will see if I can get this on some website. Thanks
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Old 05-22-2012, 09:57 AM
 
Location: NY
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I have generally had good success by selling cars Craigslist. Autorader just attracted too much spam.
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Old 05-22-2012, 09:59 AM
 
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So, lets say you are selling it on Craiglist. What precautions you use to make sure that the buyer is legit?

- I guess first is to always meet at a public place.
- When test driving always sit with them
- Note their driving license number before they test drive
- Should I ask for proof of insurance before they drive?
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Old 05-22-2012, 10:02 AM
 
Location: San Antonio, TX USA
2,826 posts, read 2,678,328 times
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Quote:
Originally Posted by marykate1 View Post
Thanks! The KBB price for my car is $4,387. The condition is good since it requires a paint job. I will see if I can get this on some website. Thanks
If it needs a paint job, (without seeing the car) I would put the car in fair condition at very best
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Old 05-22-2012, 10:05 AM
 
634 posts, read 2,222,131 times
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The problem with the fair condition is that it assumes that there is also something wrong with the engine. But my car runs perfectly fine and the paint job is only needed on the rear end of the car which might cost around 200-300. So the price of $4K would be reasonable to ask.
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Old 05-22-2012, 10:27 AM
 
29 posts, read 43,553 times
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Quote:
Originally Posted by marykate1 View Post
The problem with the fair condition is that it assumes that there is also something wrong with the engine. But my car runs perfectly fine and the paint job is only needed on the rear end of the car which might cost around 200-300. So the price of $4K would be reasonable to ask.
If it's $200-300 to paint can you afford to paint it before selling?

Not because you will necessarily make any extra money but because potential buyers may be turned off by having to deal with it or not believing your estimate.

I have found that selling a car with zero issues is much easier than trying to convince a buyer that an issue is no big deal.
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Old 05-22-2012, 10:44 AM
 
Location: Pikesville, MD
4,734 posts, read 5,106,522 times
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If you do try to sell the car on Craigslist or Auto Trader, take a lot of GOOD pictures. Remember, CL is free to advertise on so don't scimp on the description or the images. The more quality information, the easier it is to get people to look at your ad and sell the car.
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Old 05-22-2012, 11:18 AM
 
Location: AZ
4,981 posts, read 5,981,490 times
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Quote:
Originally Posted by CrossfitNut View Post
If it's $200-300 to paint can you afford to paint it before selling?

Not because you will necessarily make any extra money but because potential buyers may be turned off by having to deal with it or not believing your estimate.

I have found that selling a car with zero issues is much easier than trying to convince a buyer that an issue is no big deal.
This is a good tip. I always do any remaining service items or sometimes an upcoming service, before selling. I more or less break even on the cost out of pocket, but it seems that it's easier to justify the asking price, and get close to the asking price, if the car is ready to go. If there are defects, buyers will obviously want to discount each defect as much as possible.
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