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Pain-free Ways To Sell Your Car

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If you have a car that’s drivable, the best way to make money off it is usually to sell it as a private party.  Few people do this, though, because it can be time-consuming, it requires haggling, and it can even be expensive.  So most people simply accept the trade in value they are offered from the dealership there they buy their next vehicle.

There are several alternatives you can check out to see if it’s possible to get a better price without trying to sell your vehicle yourself.  First, you can check local used-car dealers.  Traditional dealers will require negotiating, but so-called “fair price” dealerships like CarMax give a flat offer.  Compare these to what the dealership where you’re buying your next car is offering.

Keep in mind that selling your used car to the dealership means that you’re lowering the price of your new car by the trade-in amount.  This lowers the taxes that you must pay on your new car.  If your old car still has a lot of value left in it or if your state has high sales tax on cars, this can offset a considerably lower offer.  So make sure you account for how much you’ll be saving in taxes when you investigate other offers on your car.

You can also look online, especially if your car is in such bad shape that you’re getting offered scrap prices.  JunkMyCar.com was the first of its kind, a website that promises to buy your scrap car—and now any used car—quickly and painlessly.  It seems to offer the very best prices for fairly recent-model cars that have suffered some kind of catastrophic damage that makes them undrivable, such that most scrap yards would only offer a few cents on the pound.  For truly scrap cars, the Junk My Car offer can be lower than that of a local “we’ll tow anything” scrapyard because it serves as a nationwide car broker, reselling the cars that it buys.  JunkMyCar now has several competitors with the same general business model.

And don’t forget to check your local salvage yards yourself, if your car is only good for scrap.  They might beat a national offer, sight unseen.

Most people who get a new car will need to sell their old one at the same time.  Today, there are many different options that can allow you to do that quickly and easily, comparing offers to get top dollar.

 

The post Pain-free Ways To Sell Your Car appeared first on The Frugal Guru Guide.


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