MoreTrife wrote:Car selling logistics question:
I have a leased car I don't really like. Don't plan on keeping it. I did some Kelley's and Autotrader research and comparable trim and mileage vehicles are running maybe $500-2000 above what my buy-out is.
I sold a car 9-10 years ago in Chicago and don't remember it being difficult. What is the best method to sell a car here? Any tips?
I'd like to avoid having a fast-depreciating car that no one wants including myself. I could just turn it in in October but kind of sick of it and I just had to buy new tires and brakes so I'd like to recoup some of that value if possible. At the same time, if I end up having to complete buy out paperwork, register it at DMV to get title, list it, and show it a bunch, that may not be worth the extra $500-1000 I'd get out of the deal.
Any advice appreciated.
Go to CarMax and/or get a Carvana quote. Then, you can post it on KBB and you'll get offers. Sometimes they'll be strong enough and its just easier to take them. Otherwise, just good leverage for negotiation on a trade-in.
Some car brands are better about lease buy-out/pay-offs than others when you have equity so be cognizant that you may have limited options. And that's before you try to sell private party.