Does selling old car to Carmax yield more savings in Fozzi purchase or should I trade it in for Fozzi?
Sent from my SM-T560NU using Tapatalk
Sent from my SM-T560NU using Tapatalk
I guess my local dealership is the exception to the rule. They give you a trade in amount allowance, and it’s firm. If you go 1 mile down the road to CarMax and get a higher offer, the dealership will stick to their original quote and suggest you sell your trade to CarMax. The car I was trading was 5 years old, no accidents, in excellent shape and had 38K miles.If you live in FL, FL is a state that allows you to use the equity in your trade to decrease the new vehicles sales tax. If your quote from Carmax exceeds that of your dealer, then do the simple math to determine if the increased trade price outweighs the tax savings. Typically, better to trade at the selling dealer to save the taxes and I can't imagine that your dealer wouldn't, at a minimum, match the Carmax price. Since you are buying a new Foz, they may even beat Carmax's valuation by $100 or two to sweeten the deal.
I've always aimed to sell my cars privately to fund another car purchase. Typically, you will always get more for a car sold privately compared to either selling to a dealer or trading in. IMO it's only ever the dealer that benefits from those deals.Does selling old car to Carmax yield more savings in Fozzi purchase or should I trade it in for Fozzi?
Totally agree, and I have done both. Some folks just don't want strangers coming to their home and taking their car out for a test drive. Today's world is very screwed up and you never know who's coming by. You may get a $1000 or two selling privately, based on the vehicle, and you have to decide if you have the time, energy and patience to screw around with a stranger coming to your home and taking a spin in your car. Do they have insurance? Will they give you a cashiers check or cash? Do they have a valid drivers license? For someone that hasn't sold privately before, you need to be well educated too:wink2:I've always aimed to sell my cars privately to fund another car purchase. Typically, you will always get more for a car sold privately compared to either selling to a dealer or trading in. IMO it's only ever the dealer that benefits from those deals.
Yep, I can identify with all that. With selling to a dealer or trading in your car one sacrifices some $$$ for the very high convenience factor.Totally agree, and I have done both. Some folks just don't want strangers coming to their home and taking their car out for a test drive. Today's world is very screwed up and you never know who's coming by. You may get a $1000 or two selling privately, based on the vehicle, and you have to decide if you have the time, energy and patience to screw around with a stranger coming to your home and taking a spin in your car. Do they have insurance? Will they give you a cashiers check or cash? Do they have a valid drivers license? For someone that hasn't sold privately before, you need to be well educated too:wink2:
let's not forget lowballers and people that don't show up.Totally agree, and I have done both. Some folks just don't want strangers coming to their home and taking their car out for a test drive. Today's world is very screwed up and you never know who's coming by. You may get a $1000 or two selling privately, based on the vehicle, and you have to decide if you have the time, energy and patience to screw around with a stranger coming to your home and taking a spin in your car. Do they have insurance? Will they give you a cashiers check or cash? Do they have a valid drivers license? For someone that hasn't sold privately before, you need to be well educated too:wink2:
Yes - AND the one who turned up to see my high end Toyota for sale with lovely beige leather and who admitted - after I threatened to cut off his BALLjointS with my nails for time wasting - that he'd only come to "check out your groovy car leather".let's not forget lowballers and people that don't show up.