Best way to sell and buy new car
 

Hey ,

I am entertaining the idea of selling my FRS with 12k miles for something with a turbo like the WrX, STI, focus St. I have been financing my car and i have made Some mods. This is what i was thinking.

Tying to sell it privately and using kellies blue book to estimate a fair price. It would be most easy to simply trade it in to a dealer but i have a feeling i would get raped.

Should i try to sell it with my stage 2 or would you recommend i put it back to stock? Currently i have headers, axleback and stg 2 tune. I have snow tires on my oem rims and summer tires on my new rims

Where should i advertise for private sale? In this forum and craigs list?

How does it work? I get the check from private buyer and use it pay off the loan and get the title?

Thx

If you want the most for your money, sell your car privately. Also, if you have the stock parts, perhaps give the buyer an option to buy the car as is (modded) or return the car back to stock and sell your mods to other car forum members. If you trade your car in, return it to stock because you will not get a dime extra for any of the mods that you have added to the car.

Trade ins are normally easier for people because there is less of a hassle. Downfall is you will not get what you want and when the dealership turns around to sell your old car, you will be somewhat shocked at the dealer's asking price. You will be shocked even more when you find the buyer who paid for the car from the dealer.

Good example: I had a 2010 Cobalt SS turbocharged with GMS1 and after market rims. I could have easily made $2000+ on top of what the dealer was going to offer me had I sold it privately and also save the buyer of my old car a few $1000.

Yea... the dealership was trying to flip my car for $5000 profit.

Sell as OEM stock (so buyer see value in remaining factory warranty)
Sell privately
Sell aftermarket parts used.

Dealerships in my made up math rule of thumb will offer you 10% less than you want and sell it for 10% more than you want.

i.e. $20k is reasonable private party value, they'll offer $18k and sell it for $22k.

You're going to get more money private party but you'll have to deal with the sellers yourself and there's the question of how the financing plays into it, technically you don't own the car, the financing company does.

http://www.bankrate.com/finance/auto...n.aspx#slide=1

Agreed with everyone else, if you trade it in put it back to OEM and sell the aftermarket parts on the forum.

Edit: I wouldn't bother with craigslist, I'd just use this forum. Looks like you should speak to your loan company and find out how they like to handle the transaction.

hahahaha... nice. The old fashioned way.

I disagree, i'd try craigslist as well.

A friend recently bought a 2008 Dodge Challenger SRT8 with 2000 miles from a craigslist ad.

If you make a serious ad and ignore the morons, you might get a good buyer.

True, but it wouldn't hurt driving around with one on...

One other thing to consider...

The Tax Credit by having a trade in...

Some states you can privately sell a vehicle and still get a tax credit...

Some states you cannot do that...

Check your states rule.

Lets say your FR-S is worth $20,000 and tax is 9% (that is what it is where I live).

That is $1,800 in tax credit...which means if you trade in a 20,000 car and buy a $30,000 car...

You only pay taxes on $10,000 (the difference).

That would equate to only paying $900 in taxes rather than $2,700.

$1,800 in savings based off of taxes...

Hope this helps.

I was wondering about that. Thanks for bringing it to my attention. Mass loves to tax the shit out of us so who knows. Can anyone guess what i am thinking about gettin ?