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I'm encountering something I've never had to do before - sell a car. I have a 2008 Mazda - the Blue Book is about $13,000. How do I even go about selling it? Is cars.com or something like that the best bet?
Any advice from someone who's recently sold a "newer" car would be super helpful? How long did it take? Did you get what you wanted for it? Tactics?
TIA!
Re: Selling a car - how to?
We sold a truck recently, though it wasn't newer - 1996. We put it up on Craigslist and it was sold within a couple weeks. Yours might take longer since I imagine you'd be asking for a fairly high price. Anyway, I would definitely try that - but only take cash - lots of shady scams out there. DH took care of the actually selling part of everything - talking with the buyer, negotiating, etc. so I'm not much help on that.
ETA: We asked for $2K and got $1800, which we expected. Price your car for a bit higher than you want to get because the buyer will always try to get you to come down.
Double ETA: I just read again and saw it is worth $13K. I would probably be apprehensive about taking that much in cash from someone off the street. Only thing I can think of is going to the bank with them, but there must be a better way..
- Martin Luther King Jr.
In 2008 I listed my 2002 Cavalier on carsoup.com and it sold within 3 weeks, plus I got my asking price, which was a couple hundred above KBB.
I also had one of the bright yellow cavalier's, which I was told, goes really quickly when for sale. I felt very lucky to get it sold so quickly and for asking price.
Good luck!
We bought a 2006 truck off of Craigslist. When we test drove the vehicle, the guy asked to see DH's drivers license and asked if it was okay if he wrote down the information. When we came back, the guy gave us the piece of paper with the info.
We ended up buying the truck. DH went with the guy to the bank and then a DMV office to get the title switched over right away.
one of my sisters and my brother in law both sold cars this year through craigslist. Their cars were both valued under 5,000 so they took cash only. I guess if you were going to sell a higher value car, maybe specify that you'll accompany them to the bank to withdraw the payment?
Both of them decided it was best to accompany the buyer to the DMV to change the title. Just wanted the peace of mind to know that it actually had taken place and there was no question of it getting done.
Nicole and Sam 10/3/09
we sold our 04 BMW (sold for around 20K) and one of lars' motorcycles (sold for around 9K) through carsoup.com. it's only $25 to list it until it sells and it gets a lot of traffic.
money orders can be counterfeited pretty easily so i wouldn't take that. i think cashier's checks can too. i would think the best bet would be to meet at a bank so you can have the document verified. also, definitely go to the DMV with the individual to sign the title over. you want to make sure that is taken care of ASAP to release you of any liability.
We have recently bought and sold a car on craigslist. We also currently have another car for sale on craigslist and listed in our local newspaper (for 3 Sundays, and I think it cost $17). We have found that if you put your phone number on the craigslist listing and not an e-mail we are more likely to get serious buyers. We listed the prices at a price that are below book and would be nice to get, but we also have a price that is lower that we would be willing to let each vehicle go for.
I would definitely take a cashier's check. We sold Randy's vehicle and went to the bank with the buyer so we could give him the lien card and then went right to the DMV to transfer the title. Same with the vehicle we purchased except we sent the cashier's check to seller's bank since we are in Duluth, and they were in the cities.
We looked all over for a different car and found the best selection on craigslist. It seemed like there were a lot of dealers on carsoup and cars.com. There are a lot of dealers on craigslist too, but it seems like there are a lot more private sellers on there as well. You can at least see on the craigslist listing title if it is from a dealer or private party.
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just a thought that you could use carsoup and then make a craigslist post that directs people to to the carsoup ad for more details.