[quote author=hwm3 link=topic=66613.msg1163668#msg1163668 date=1169523713]
bbf2530, I've seen you post a few times of the money to be saved by selling a car privately vs. trading. While this may be true if you are trading an older vehicle on a new one, it isn't really true of trading a 1-3 year old car on a new one. For example, if I were to sell my '06 Fusion for full KBB private party retail value, which isn't very likely, and buy an equally optioned '07 Fusion, I would come out about $20 AHEAD by trading and getting KBB trade in value for the car. Add in the aggravation of selling a car privately, and I certainly don't see the advantage of it.
Keep in mind, I'm a former car salesman, so I know all the ways the dealer will try and make the deal more profitable for themselves. Knowing these things, it's still my OPINION that you can get just as good a deal by trading a newer car, that you get by selling it yourself, and you save yourself the hassle of making yourself available for people to look at your car.
Hi hwm3. And I respect your opinion. If you re-read my posts, I state the pros and cons, and then tell whoever is reading my opinion, to do their own addition and subtraction, and then decide what is best for them. My advice comes from the owner of the local Ford Dealership, who was a good friend of my Father's.
I have always been able to sell my cars privately, and make a handsome amount over any deal I could negotiate on a trade in (including the sales tax variables, at least $1500 per transaction over the 31 years I have been a driver).
And my used vehicles were all in the 2-5 year range (except for one) over the years I have been driving. But as I have stated, I keep my cars in mint condition (which is not the same case for everyone).
As I have said repeatedly, my advice will work better for some, and yours will work better for others. Neither one of us is wrong. It depends on the individual, their circumstances, knowledge, time and effort they wish to put into keeping money in their pocket.
The beauty of what I am advising, is that you can put for sale signs on your car, and put it on the market, if you get the price you are looking for, great, you made some extra money. If you don't, you trade it in and get what you would have received from the Dealer anyway. So what exactly does anyone have to lose?
If they do it your way, they will never know, they will just be at the mercy of the Dealer.
It's really up to the individual who reads our opinions, wouldn't you agree!
My feelings will not be hurt if someone agrees with your opinion, and yours should not be hurt if someone wants to try what has worked for me. Your figures and experience have been the polar opposite of mine. That is what makes America such a great country, we can all do what is best for us!
Good luck hwm3! :cheers:
PS - As a former car salesman, you also know that auto dealers do not use the Kelley Blue Book (at least not here in NJ), they use a book which quotes lower trade in prices, and then lower their offer even more.